#Specialty Elastomer Market Size

[checmccc]

Thermoplastic Elastomer Market Overview: Key Drivers and Challenges

The global thermoplastic elastomer market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period. The rising demand for lightweight, durable, and recyclable materials is fueling market expansion, with innovations in material development further driving adoption.

The report offers?

The report on the thermoplastic polyurethane market uncovers excellent insights into the market, systematic data with detailed analysis, market dynamics & aspects demonstrating development and growth, meticulous information about vital players in the market, and procured statistics about dominant regions.

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Key Market Drivers

Growth in Automotive Industry

Increasing use of TPEs in automotive applications such as seals, gaskets, interior components, and bumpers to enhance fuel efficiency by reducing vehicle weight.

Rising Demand for Eco-Friendly Materials

Growing awareness of sustainability is pushing manufacturers to develop recyclable and bio-based TPEs.

Expansion in Medical Applications

TPEs are widely used in medical devices, tubing, and wearable devices due to their flexibility, biocompatibility, and ease of sterilization.

Versatility Across Industries

TPEs’ ability to replace traditional materials in footwear, construction, and consumer goods applications is driving market growth.

Advancements in Material Technology

Development of high-performance TPE grades with enhanced thermal, mechanical, and chemical properties is opening new application areas.

Thermoplastic Polyurethane Market Segmentation

By Type of TPE

Styrenic Block Copolymers (SBCs)

Widely used in adhesives, sealants, and coatings.

Thermoplastic Polyolefins (TPOs)

Primarily used in automotive applications for impact resistance and durability.

Thermoplastic Polyurethanes (TPUs)

Preferred in footwear, medical devices, and consumer electronics for their abrasion resistance and flexibility.

Thermoplastic Vulcanizates (TPVs)

Used in automotive and industrial applications due to their high heat resistance.

Copolyester Elastomers (COPEs)

Known for their high strength and chemical resistance, ideal for engineering applications.

Others (Nylon-based, Bio-based TPEs)

Emerging materials with niche applications in sustainable and specialty markets.

By End-Use Industry

Automotive

The largest application segment, driven by the need for lightweight and durable materials.

Building & Construction

TPEs are used in roofing membranes, sealants, and insulation materials.

Medical

Includes applications in tubing, catheters, and wearable devices.

Footwear

Growing demand for lightweight and comfortable shoes is boosting TPE use in soles and uppers.

Consumer Goods

Includes applications in electronics, toys, and household items.

Others

Includes industrial and agricultural applications.

By Region

North America

Strong demand from the automotive and medical sectors.

Europe

Focus on sustainability and high-quality materials drives market growth.

Asia-Pacific

The largest and fastest-growing region due to rapid industrialization and a booming automotive industry.

Rest of the World

Moderate growth, with opportunities in emerging markets.

Regional Insights:

Expanding Infrastructure to Fuel Growth in APAC

High rates of growth and development and population growth and industry consolidations have resulted in innovation and development, establishing APAC as a global industrial powerhouse. In addition, the expanding infrastructure and increasing product demand in the construction industry will improve the prospects of the market in the forthcoming years. The growing need for high-performance materials is propelling the TPU market in Asia Pacific to new heights. Moreover, the high demand for polyester-based thermoplastic polyurethane from the electronics sector is driving the rise in North America. Furthermore, increased demand for footwear due to increased disposable income would drive market expansion in this region. The fast-developing automobile sector in nations like Germany, France, and the United Kingdom will boost market expansion in Europe.

Emerging Trends

Sustainability and Bio-Based TPEs

Increasing development and adoption of bio-based and recyclable TPEs to reduce environmental impact.

Growing Adoption in 3D Printing

Use of TPE filaments in additive manufacturing is opening new avenues for customization and rapid prototyping.

Advancements in Automotive Applications

Increasing use of TPEs in electric vehicles (EVs) for weight reduction and energy efficiency.

Miniaturization in Medical Devices

Demand for TPEs is growing in wearable and minimally invasive medical devices.

Increased Focus on Customization

Development of tailor-made TPE grades for specific applications across industries.

Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515 

Competitive Landscape

The thermoplastic elastomer market is highly competitive, with key players focusing on R&D and strategic collaborations to expand their market presence. Leading companies include:

BASF SE

SABIC

Dow Inc.

Kraton Corporation

LG Chem Ltd.

Covestro AG

Asahi Kasei Corporation

Mitsubishi Chemical Corporation

Arkema S.A.

Teknor Apex Company

These companies are driving innovation in bio-based and high-performance TPEs to meet the evolving demands of various industries.

Future Outlook

The thermoplastic elastomer market is poised for steady growth, driven by advancements in material science, increasing demand for lightweight and durable materials, and expanding applications in emerging markets. The Asia-Pacific region is expected to lead in growth, while North America and Europe will remain key innovation hubs.

Conclusion

The thermoplastic elastomer market is transforming industries with its unique combination of flexibility, durability, and sustainability. As industries move toward lightweight, high-performance, and eco-friendly solutions, TPEs will play a pivotal role in shaping the future of manufacturing and product design.

[prachicmi]

Aerospace Coating Market to Exhibit Significant Growth Owing to Increasing Aircraft Deliveries

The aerospace coating market comprises protective and decorative coating solutions that provides technical advantages like corrosion resistance, light weight, and color consistency to aircraft. Aerospace coatings protect metal surfaces from corrosion and chemicals while maintaining a smooth and consistent finish. They shield aircraft interiors from deterioration caused by ultraviolet radiation, moisture, pollutants, and other stress factors. Eco-friendly waterborne coatings are increasingly being adopted given their low volatile organic compound (VOC) emissions. Primers, topcoats and other specialty coatings such as chrome-free primers are applied to commercial, military, and general aviation aircrafts. The Global Aerospace Coating Market size is estimated to be valued at US$ 3.36 Billion in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period from 2024 to 2031.

Aerospace Coating Market Trends is increasing aircraft deliveries worldwide driven by rising passenger traffic is a key factor contributing to market growth. Aerospace coatings play a crucial role in aircraft performance and safety by protecting surfaces from corrosion, harsh weather conditions, and offering lightning strike protection. They provide attractive aesthetic appearances and enable weight reduction which improves fuel efficiency. Key Takeaways

Key players operating in the aerospace coating market are The Sherwin-Williams Company, Socomore, AkzoNobel N.V., PPG Industries, Hentzen Coatings, Inc, Axalta Coating Systems, KC Jones Plating Company, IHI Ionbond AG, BASF SE, Saint-Gobain SA, Mapaero, Bryocat, and Zircotec. The aerospace coating market is expected to grow at a significant pace owing to increasing demand for air travel around the world. Major aircraft OEMs like Airbus and Boeing have received a large number of orders over the past few years along with a strong order backlog which will drive production rates and corresponding demand for coatings. Market Trends

Aerospace Coating Market Size and Trends are increasingly being adopted to help aircraft operators reduce weight and increase payload capacity. Durable thermoplastic elastomer coatings provide an eco-friendly alternative to costly composite repairs. Market Opportunities

 Rising procurement of military aircraft and platforms globally presents opportunities for military-grade specialty aerospace coatings manufacturers. Requirements for specialty solutions with properties like chemical/biological agent resistance, stealth, multi-spectral camouflage are increasing. Demand for sustainable ‘green aerospace coatings’ addressing strict environmental mandates while delivering at par performance will continue growing. Development of 100% bio-based and environment-friendly coating systems with repairable properties offers opportunities. Get more insights on, Aerospace Coating Market

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[chemicalsindustry]

Yoga Mat Market Industry Leaders Outlook & Manufacturing Companies New Revenue Pockets

The global yoga and exercise mats market size is projected to grow from USD 11.7 billion in 2021 to USD 15.2 billion by 2026, at a CAGR of 5.3% during the forecast period 2021 to 2026. This growth can be attributed to the rising awareness regarding healthy lifestyles and the inclination of people toward mind-body fitness across the globe.

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This growth can be attributed to the rising popularity of yoga, an increase in the prevalence of lifestyle diseases, and an increase in the rate of obesity across the globe. The use of eco-friendly and biodegradable materials and development in innovative technological solutions for yoga and exercise mats are expected to act as new opportunities for the market to grow. However, volatility in raw material prices is expected to hinder the market growth during the forecasted period.

Based on the end use, the yoga and exercise mats market has been segmented into personal and health club. The personal segment accounted for a largest share in the yoga and exercise mats market in 2020. Currently, one of the most active groups of people globally is millennials. The millennial generation is more inclined to exercising and eating health-enriching food products. However, due to time constraints, a lot of people prefer exercising at home. In addition, technology is reshaping the trends of home workouts.  Through a combination of at-home gym equipment, fitness apps, and online digital streaming, the trend of at-home workouts is projected to continue in the coming years. This has directly impacted the yoga and exercise mats market, as consumers prefer adopting at-home workout routines and are purchasing related products.

Based on the distribution channel, the yoga and exercise mats market has been segmented into e-commerce, supermarket & hypermarket, and specialty store. The e-commerce segment accounted for a largest share in the yoga and exercise mats market in 2020. As the COVID-19 pandemic spreads around the world, more consumers preferred shopping online. Fitness products, such as yoga and exercise mats, witnessed a high demand due to the COVID-19-enforced lockdown of health clubs and gymnasiums. This has led to an increase in the expansion of e-commerce distribution channels and demand for fitness products.  

Based on material, the yoga and exercise mats market has been segmented into natural rubber, polyvinyl chloride, polyurethane, thermoplastic elastomer, and other. The polyvinyl chloride segment accounted for the largest share  of the yoga and exercise mats market in 2020. The large share can be attributed to the advantages of polyvinyl chloride over other materials. This material is lightweight, durable, low cost, and easily processable.

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Europe, Asia Pacific and North America, are significant regional markets for yoga and exercise mats. Asia Pacific accounted for the largest share of the yoga and exercise mats market in 2020. Factors such as the local government initiatives to support the yoga industry, such as the AYUSH initiative by the Indian government, the presence of cheap labor and multitude of raw materials, the health consciousness and inclination toward healthy lifestyle among the youth, and the presence of many local manufacturers of yoga and exercise mats are responsible for propelling the demand for yoga and exercise mats in the Asia Pacific region. North America accounted for the second-largest share in 2020 and is projected to be the fastest-growing market for yoga and exercise mats during the forecast period.

[me-amaraja]

Silicone Elastomers Market Innovations in High-Temperature and Flexible Materials

Silicone Elastomers Market Growth Strategic Market Overview and Growth Projections

The global silicone elastomers market size was valued at USD 9.1 billion in 2022 and is projected to reach USD 17.3 billion by 2031, registering a CAGR of 7.4% during the forecast period (2023-2031)

The latest Global Silicone Elastomers Market by straits research provides an in-depth analysis of the Silicone Elastomers Market, including its future growth potential and key factors influencing its trajectory. This comprehensive report explores crucial elements driving market expansion, current challenges, competitive landscapes, and emerging opportunities. It delves into significant trends, competitive strategies, and the role of key industry players shaping the global Silicone Elastomers Market. Additionally, it provides insight into the regulatory environment, market dynamics, and regional performance, offering a holistic view of the global market’s landscape through 2032.

Competitive Landscape

Some of the prominent key players operating in the Silicone Elastomers Market are 

China National BlueStar

Dow Corning

KCC Corporation

Momentive Performance Material Inc.

Mesgo S.P.A

Shin-Etsu Chemical Co. Ltd

Reiss Manufacturing

Wacker Chemie

Zhejiang Xinan Chemical

Stockwell Elastomerics

Specialty Silicone Products

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The Silicone Elastomers Market Research report delivers comprehensive annual revenue forecasts alongside detailed analysis of sales growth within the market. These projections, developed by seasoned analysts, are grounded in a deep exploration of the latest industry trends. The forecasts offer valuable insights for investors, highlighting key growth opportunities and industry potential. Additionally, the report provides a concise dashboard overview of leading organizations, showcasing their effective marketing strategies, market share, and the most recent advancements in both historical and current market landscapes.Global Silicone Elastomers Market: Segmentation

The Silicone Elastomers Market segmentation divides the market into multiple sub-segments based on product type, application, and geographical region. This segmentation approach enables more precise regional and country-level forecasts, providing deeper insights into market dynamics and potential growth opportunities within each segment.

By Product

High-temperature Vulcanize (HTV)

Room-temperature Vulcanize (RTV)

Liquid Silicone Rubber (LSR)

By Application

Electrical and Electronics

Automotive and Transportation

Industrial Machinery

Consumer Goods

Construction

Others

Stay ahead of the competition with our in-depth analysis of the market trends!

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Market Highlights:

A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.

But not limited to: reports from corporations, international Organization, and governments; market surveys; relevant industry news.

Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2032, using CAGRs (compound annual growth rates)

Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.

Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.

Goals of the Study

What is the overall size and scope of the Silicone Elastomers Market market?

What are the key trends currently influencing the market landscape?

Who are the primary competitors operating within the Silicone Elastomers Market market?

What are the potential growth opportunities for companies in this market?

What are the major challenges or obstacles the market is currently facing?

What demographic segments are primarily targeted in the Silicone Elastomers Market market?

What are the prevailing consumer preferences and behaviors within this market?

What are the key market segments, and how do they contribute to the overall market share?

What are the future growth projections for the Silicone Elastomers Market market over the next several years?

How do regulatory and legal frameworks influence the market?

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

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[harshnews]

Polymer Chameleon Market Size, Share, Trends, Growth and Competitive Outlook

"Polymer Chameleon Market – Industry Trends and Forecast to 2030

Global Polymer Chameleon Market, By Product (Thermo-Responsive Polymers, Photo-Responsive Polymers, Shape Memory Polymers, Electroactive and Magnetically-Responsive Polymers, Ph-Responsive Polymers, Enzyme-Responsive Polymers, Self-Healing Polymers, Others), Application (Smart Drug Delivery System and Implants, Bioseparation, Textile Engineering, Automotive and Transportation, Others) – Industry Trends and Forecast to 2030.

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**Segments**

- By Type: The Polymer Chameleon market can be segmented based on the type of polymers used, such as thermosetting polymers, thermoplastic polymers, and elastomers. Each type offers unique properties and applications, catering to various industry needs. - By Application: This market can also be segmented by application, including industries such as packaging, automotive, construction, electronics, and healthcare. The versatility of polymer chameleons allows for a wide range of applications in different sectors. - By Region: Geographically, the market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Each region may have specific trends, drivers, and challenges affecting the demand for polymer chameleons.

**Market Players**

- BASF SE: A leading player in the polymer industry, BASF SE offers a range of polymer chameleon products tailored to various applications. Their focus on innovation and sustainability has helped them maintain a strong presence in the market. - DowDupont: With a wide portfolio of polymer solutions, including chameleonic polymers, DowDupont is a key player driving the market's growth. Their extensive R&D capabilities and global reach give them a competitive edge in the industry. - Solvay SA: Solvay SA is another prominent market player known for its high-performance polymer chameleons. They cater to industries such as aerospace, automotive, and healthcare, providing innovative solutions to meet evolving market demands. - Evonik Industries AG: Evonik Industries AG is at the forefront of developing specialty polymers, including polymer chameleons that exhibit unique properties. Their focus on sustainability and technological advancements positions them as a key player in the market. - Mitsui Chemicals, Inc.: Mitsui Chemicals, Inc. brings a diverse range of polymer chameleon products to the market, catering to the evolving needs of different industries. Their strategic partnerships and focus on research and developmentThe Polymer Chameleon market is witnessing significant growth and development, driven by the increasing demand for versatile and high-performance polymer solutions across various industries. The segmentation of the market based on different criteria provides valuable insights into the diverse applications and regional dynamics shaping the industry landscape. By type, the market offers a range of polymers, including thermosetting, thermoplastic, and elastomers, each with unique properties and functionalities to cater to specific industry requirements. The versatility of polymer chameleons enables their usage in industries such as packaging, automotive, construction, electronics, and healthcare, leading to a wide array of applications and opportunities for market players.

In terms of regional segmentation, the Polymer Chameleon market is divided into key regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Each region presents distinct trends, drivers, and challenges that influence the demand for polymer chameleons. For instance, North America and Europe are considered mature markets with a strong emphasis on innovation and sustainability, driving the adoption of advanced polymer solutions. On the other hand, Asia-Pacific offers significant growth potential due to rapid industrialization, increasing investments in infrastructure, and a growing focus on technological advancements.

Moving on to the market players, key companies such as BASF SE, DowDupont, Solvay SA, Evonik Industries AG, and Mitsui Chemicals, Inc., play a crucial role in shaping the competitive landscape of the Polymer Chameleon market. These companies bring a wealth of experience, expertise, and innovation to the table, offering a diverse range of polymer chameleon products tailored to meet industry-specific requirements. BASF SE, a global leader in the polymer industry, stands out for its commitment to innovation and sustainability, maintaining a strong market presence through its cutting-edge solutions. DowDupont's extensive portfolio of polymer solutions, including chameleonic polymers, positions them as a key driver of market growth, leveraging their R&D capabilities and global reach for**Segments**

- By Type: The Polymer Chameleon market can be segmented into thermosetting polymers, thermoplastic polymers, and elastomers. Each type offers unique properties and applications catering to different industry needs. - By Application: The market can also be segmented by application, including packaging, automotive, construction, electronics, and healthcare. The versatility of polymer chameleons allows for a wide range of applications in various sectors. - By Region: Geographically, the market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, each with specific trends, drivers, and challenges affecting the demand for polymer chameleons.

**Market Players**

- BASF SE: A leading player in the polymer industry known for its innovative and sustainable polymer chameleon products. - DowDupont: Key player with extensive R&D capabilities and a global reach in providing polymer solutions, including chameleonic polymers. - Solvay SA: Prominent market player offering high-performance polymer chameleons for industries like aerospace, automotive, and healthcare. - Evonik Industries AG: At the forefront of specialty polymer development, focusing on sustainability and technological advancements. - Mitsui Chemicals, Inc.: Diverse range of polymer chameleon products catering to various industries and focusing on research and development.

**Global Polymer Chameleon Market, By Product (Thermo-Responsive Polymers, Photo-Responsive Polymers, Shape Memory Pol

Polymer Chameleon Key Benefits over Global Competitors:

The report provides a qualitative and quantitative analysis of the Polymer Chameleon Market trends, forecasts, and market size to determine new opportunities.

Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.

Top impacting factors & major investment pockets are highlighted in the research.

The major countries in each region are analyzed and their revenue contribution is mentioned.

The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients

Table of Contents: Polymer Chameleon Market

1 Introduction

2 Global Polymer Chameleon Market Segmentation

3 Executive Summary

4 Premium Insight

5 Market Overview

6 Polymer Chameleon Market, by Product Type

7 Polymer Chameleon Market, by Modality

8 Polymer Chameleon Market, by Type

9 Polymer Chameleon Market, by Mode

10 Polymer Chameleon Market, by End User

12 Polymer Chameleon Market, by Geography

12 Polymer Chameleon Market, Company Landscape

13 Swot Analysis

14 Company Profiles

Critical Insights Related to the Polymer Chameleon Included in the Report:

Exclusive graphics and Illustrative Porter’s Five Forces analysis of some of the leading companies in this market

Value chain analysis of prominent players in the market

Current trends influencing the dynamics of this market across various geographies

Recent mergers, acquisitions, collaborations, and partnerships

Revenue growth of this industry over the forecast period

Marketing strategy study and growth trends

Growth-driven factor analysis

Emerging recess segments and region-wise market

An empirical evaluation of the curve of this market

Ancient, Present, and Probable scope of the market from both prospect value and volume

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[blueweave8]

South Africa Specialty Chemicals Market Trends, Report 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated South Africa Specialty Chemicals Market size at USD 8.7 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects South Africa Specialty Chemicals Market size to expand at a CAGR of 4.50% reaching a value of USD 11.1 million by 2030. By volume, BlueWeave estimated South Africa Specialty Chemicals Market size at 13.1 million tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects South Africa Specialty Chemicals Market size to expand at a CAGR of 4% reaching the volume of 17.2 million tons by 2030.

The expanding usage of specialty chemicals in a range of end-user sectors, such as water treatment, chemicals, oilfields, pharmaceuticals, and others, together with improvements in process technology, are key growth drivers for South Africa specialty chemicals market. The government's financial support and other initiatives to increase domestic manufacturing are also expected to propel South Africa specialty chemicals market over the forecast period.

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Opportunity - Expanding automobile manufacturing operations

The expanding automobile production is emerging as one of the major driving factors for the growth of South Africa Specialty Chemicals Market. South Africa ranks 22 in global vehicle production and has been attracting significant foreign direct investment and adopting various growth strategies to boost the automotive industry. Specialty chemicals are widely used in the production of high-performance lubricants and additives. These are essential to reduce wear and friction in engines and engines, improving automobiles' general efficiency and dependability.

Agrochemicals Product Type to Grow at Fastest CAGR

South Africa Specialty Chemicals Market, on the basis of product type, is comprised of agrochemicals, rubber processing chemicals, construction chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, specialty pulp & paper chemicals, specialty textile chemicals, water treatment chemicals, pharmaceutical & nutraceutical additives, CASE (coatings, adhesives, sealants & elastomers), and other (institutional & industrial cleaners, electronic chemicals, and mining chemicals) segments. Among these product types, the agrochemicals segment is anticipated to register fastest growth rate during the period in analysis. The expanding agriculture sector and rising food demand are expected to fuel the demand for agrochemicals in the South African Specialty Chemicals Market.

Competitive Landscape

South Africa Specialty Chemicals Market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Durban Speciality Chemicals, AECI Specialty Chemicals, SUN ACE South Africa, Safic Alcan Southern Africa (Pty) Ltd, IMCD South Africa, Protea Chemicals, Reba Chemicals (Pty) Ltd, BASF, Gold Reef Speciality Chemicals (Pty) Ltd, and Southern Chemicals (Pty) Ltd.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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[tamanna31]

Worldwide Silicone Market 2024- Strategy Resources, Manufacturers, Supply and Forecasts 2030

Silicone Industry Overview

The global silicone market size was estimated at USD 21.33 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2030. Growing demand for silicone in various end-use industries including personal care, consumer goods, industrial processes, and construction is expected to drive market growth. The U.S. silicone industry is expected to perform moderately owing to limited opportunities by market maturity of both manufacturing industries in general and use of silicones. However, continuous product innovation and ongoing technological developments are expected to promote application of silicone in emerging markets.

Emerging applications include electric vehicles (EVs) and health & personal care, which, in turn, are expected to fuel market growth over the forecast period. Moreover, suppliers continue to gain market share through value-added product development and by creating inroads into applications that conventionally use other materials.

Gather more insights about the market drivers, restrains and growth of the Silicone Market

Silicone is widely used in the construction industry owing to weather resistant, highly stable, and inert & high-water repellent properties. It is used in conjugation with several materials such as marble, glass, concrete, aluminum, steel, and polymers, which find application in residential and commercial constructions. In addition, they are also used in construction of roads, bridges, pipelines, oil rigs, and industrial units. Rising population, increasing urbanization, and rapid industrial growth have resulted in a growing need for construction and infrastructure development globally.

The silicone industry is expected to grow owing to increasing application scope of silicone in various end-use industries. Across electronics industry, silicone is used in a broad range of electronic applications such as for protecting insulators from salt air damage, moisture-proofing of boards, modification of semiconductor encapsulating materials, and protecting ends of heating element wires in printed circuit boards (PCBs), semiconductors, and electronic control units (ECUs), LED devices, and others.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

The global cenospheres market size was estimated at USD 592.32 million in 2023 and is projected to grow at a CAGR of 12.1% from 2024 to 2030. 

The global curing agent market size was estimated at USD 6.62 billion in 2023 growing at a CAGR of 6.3% from 2024 to 2030.

Key Companies & Market Share Insights

Global silicone industry is significantly fragmented in nature with the presence of big manufacturing players globally. Market players compete mainly on the basis of technology used for production of silicone and quality of products. Key market players are inclined towards adopting marketing strategies such as mergers & acquisitions, new and innovative products along with production capacity expansions are some of popular strategies adopted by a majority of the market players operating in the global silicone market.

In September 2023, Wacker Chemie AG, a silicone manufacturer, announced the expansion of their silicone production capacities in China with an investment of USD 160.34 million (EUR 150 million). The facility will be capable of manufacturing silicone fluids, silicone emulsions, and silicone elastomer gels. 

Key Silicone Companies:

Elkay Chemicals Pvt. Ltd.

Supreme Silicones

Shin-Etsu Chemical Co., Ltd.

Silchem Inc.

Silteq Ltd

Amul Polymers

Wacker Chemie AG

Specialty Silicone Products, Inc.

Illinois Tool Works Inc.

Evonik Industries AG

Hutchinson

Kemira Oyj

Dow Inc.

Nano Tech Chemical Brothers Private Limited

Elkem ASA

Order a free sample PDF of the Silicone Market Study, published by Grand View Research.

[sjsuraj]

Unleashing Elastic Potential: Navigating the Shifting Horizons of the Elastomers Market

The global Elastomers Market was valued at USD 96.96 billion in 2023 and is projected to reach USD 144.86 billion by 2031, growing at a CAGR of 5.23% from 2024 to 2031.

Key Takeaways:

The global elastomers market is expected to reach USD 144.86 billion by 2031, growing at a steady 5.23% CAGR.

Rising demand from automotive, construction, and consumer goods industries fuels market growth.

Specialty elastomers for harsh environments and biocompatible medical applications are trending.

Precise forecasts and regional analysis help businesses make informed investment and marketing decisions.

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Market Insights:

This comprehensive report provides a deep dive into the elastomers market, offering valuable insights for industry stakeholders. It analyzes:

Market trends and future growth drivers

Profitable market segments and high-growth regions

Competitive landscape and key player strategie

Benefits of the Report:

Make data-driven business decisions with precise market forecasts and in-depth analysis.

Gain a competitive edge by understanding rival strategies and market share.

Identify lucrative opportunities in high-growth regions and profitable segments.

Strategically plan investments with insights on potential growth areas.

Who will benefit:

Elastomer manufacturers and distributors

Automotive, construction, and consumer goods companies

Investors seeking opportunities in the elastomers market

This report empowers you to navigate the dynamic elastomers market with confidence and make future-proof business decisions.

The key players in the Elastomers Market are:

Dow Inc.

BASF SE

Exxon Mobil Corporation

LANXESS AG

DuPont de Nemours, Inc.

Mitsui Chemicals, Inc.

Sinopec Corporation

LG Chem Ltd.

Kuraray Co., Ltd.

Bridgestone Corporation

The global Elastomers Market is segmented as:

By Nature

Natural Rubber

Synthetic Rubber

Thermoplastic

By Type

General Purpose

Specialty Elastomers

By Application

Automotive

Adhesives & Coatings

Consumer Goods

Sports & Leisure

Electrical & Electronics

Industrial

Others

By Region

North America

U.S.

Canada

Mexico

Europe

France

U.K.

Spain

Germany

Italy

Russia

Rest of Europe

Asia-Pacific

China

Japan

India

South Korea

Rest of Asia-Pacific

Middle East & Africa

GCC

North Africa

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America.

[datahorizzon-research1]

Silicone Market Predicts Impressive Growth, Targeting USD 38.6 Billion

The silicone market, valued at USD 19.2 billion in 2022, is poised for substantial expansion, projected to double in size to USD 38.6 billion by 2032, boasting a notable compound annual growth rate (CAGR) of 7.3%.

This robust growth trajectory underscores the market's versatility and broad applicability across various industries. Silicone, a synthetic polymer comprised of silicon, oxygen, carbon, and hydrogen, stands out for its exceptional heat resistance, flexibility, and durability. These attributes have cemented silicone's role as a cornerstone material in sectors ranging from automotive and construction to electronics, healthcare, and personal care.

As industries increasingly recognize and harness the benefits of silicone, the market continues to witness significant growth and diversification, promising continued innovation and adaptation to evolving market demands in the years ahead.

In the automotive industry, silicones are used in gaskets, seals, and hoses, contributing to engine efficiency and longevity. In construction, silicone-based sealants and adhesives provide weatherproofing and structural integrity. In electronics, silicone encapsulants protect sensitive components from moisture and shock. Moreover, silicone elastomers find extensive use in medical devices and implants due to their biocompatibility and sterilizability.

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Several key factors are driving the growth of the silicone market:

· Increasing Demand Across End-Use Industries: The versatility of silicone makes it highly sought-after across a wide range of industries, including automotive, construction, electronics, healthcare, personal care, and energy.

· Advancements in Silicone Technology: Ongoing research and development efforts are leading to the introduction of new silicone formulations with enhanced properties and functionalities.

· Growing Awareness of Silicone Benefits: Increasing awareness among consumers and industries about the unique benefits of silicone, such as heat resistance, flexibility, biocompatibility, and weatherability, is fueling demand.

· Expanding Applications in Emerging Markets: Emerging economies, particularly in Asia Pacific and Latin America, are witnessing rapid industrialization, urbanization, and infrastructure development, driving demand for silicone-based products in construction, automotive, and electronics.

· Stringent Regulations and Sustainability Initiatives: Increasing regulatory requirements and environmental concerns are prompting industries to seek alternatives to traditional materials that are deemed hazardous or environmentally harmful.

Top Companies are:

The silicone market is home to several prominent players driving innovation, quality, and market expansion. Companies such as Elkay Chemicals Pvt. Ltd., Supreme Silicones, Shin-Etsu Chemical Co., Ltd., Elkem ASA, Silchem Inc., Amul Polymers, Wacker Chemie AG, The Dow Chemical Company, Specialty Silicone Products, Inc., Illinois Tool Works Inc., and Evonik Industries AG play significant roles in shaping the industry landscape.

Market Segmentations:

By Product Type (2023–2032)

· Fluids

· Gels

· Resin

· Elastomers

· Others

By Application (2023–2032)

· Electronics

· Construction

· Energy

· Healthcare

· Transportation

· Personal Care and Consumer goods

· Industrial Processes

· Others

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Regional Analysis

In 2022, North America emerged as a significant player in the silicone market, driven largely by heightened demand from the healthcare sector within the region. Silicone, renowned for its biocompatibility and suitability for medical applications, found widespread use across various medical domains. For instance, it served as a vital material in implants, respiratory devices, and components for medical equipment.

The enduring presence of implants within the human body necessitates materials that offer stability, durability, and biocompatibility — qualities inherently possessed by silicones. Moreover, in medical device components, silicone’s attributes like exceptional thermal stability, resistance to compression, and inert nature are indispensable, making it a preferred choice. With the healthcare industry in North America witnessing robust growth, there’s been a notable surge in demand for silicone and its derivatives, thus bolstering market expansion.

Here are some frequently asked questions (FAQs) about the silicone market:

What are the main applications of silicone?

How is silicone manufactured?

What are the major challenges facing the silicone market?

Which regions are the primary consumers of silicone?

What are the key benefits of silicone?

Check Out More Related Reports:

Silicon Batteries Market

Service Robotics Market

[markettrendsus]

The Expanding Tire Material Market: Growth Drivers, Opportunities, and Leading Players

The global tire material market is undergoing steady expansion, projected to reach $106.5 billion by 2033 after growing at a 3.9% CAGR between 2024 and 2033. Several factors are driving growth in this market, creating opportunities for companies involved in supplying raw materials for tire production. This article will provide an in-depth look at the tire material market, including market size and forecasts, growth drivers, opportunities, leading players, and frequently asked questions.

Introduction to the Tire Material Market

Tire materials refer to the raw materials used in manufacturing tires for vehicles. This includes reinforcing fillers, elastomers, chemicals, plasticizers, metal reinforcements, and textile reinforcements. These materials provide tires with durability, flexibility, strength, grip, traction, and wear resistance.

The tire material market caters to original equipment manufacturers (OEMs) producing tires for new vehicles and the automotive aftermarket providing replacement tires. With vehicle production and sales expanding globally and the need for replacement tires as vehicles age, demand for tire raw materials continues rising.

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Tire Material Market Outlook and Projections

As per the recent analysis, the global tire material market was valued at $75.1 billion in 2024 and is expected to reach $106.5 billion by 2033. This represents an impressive CAGR of 3.9% during this period.

Several factors are fueling the consistent growth of the tire material market, which will be explored in the next section. In addition, opportunities exist for market players to leverage the latest tire technologies and sustainable materials.

Key Growth Drivers in the Tire Material Market

The major factors propelling the growth of the global tire material market include:

Increasing vehicle production and sales: With improving economic conditions in developing nations, vehicle sales are rising rapidly, driving automotive and tire production.

Growth in the transportation and logistics sector: Expansion of transportation fleets across the world to meet surging consumer demand is spurring commercial vehicle tire production.

Development of all-season and specialty tires: All-season, run-flat, and other premium tires require advanced materials, augmenting market growth.

Focus on fuel efficiency and eco-friendly tires: Use of silica and other materials for producing energy-efficient and green tires is rising.

Advancements in tire technologies and materials: Companies are developing novel materials and tire technologies like airless tires, fueling market growth.

These factors will propel the tire material market to reach over $100 billion by 2033.

Opportunities in the Tire Material Market

Some of the promising opportunities in the tire material market include:

Sustainable materials: Using recycled, renewable, and biodegradable materials represents a significant opportunity. Companies can develop partnerships with suppliers and leverage green chemistries.

Smart tire technologies: Incorporating sensors and intelligence in tires through advanced materials provides an opportunity for product differentiation.

Customization: Offering bespoke compounding solutions and custom tire materials allows serving OEMs better.

Capacity expansion: Setting up additional manufacturing capacity and entering high-growth regions can be opportunistic. Partnerships can help mitigate risks.

Research and innovation: Continuous R&D into novel materials like graphene, soybean oil, and liquefied wood offers differentiation.

Capitalizing on these opportunities can help secure a strong foothold in this high-potential market.

Leading Players in the Tire Material Market

The tire material market is fragmented with many small and large players. However, some prominent public companies lead the market, including:

Royal Dutch Shell: A key supplier of butadiene, carbon black, and other synthetics. Also has latex production capacity.

SIBUR INTERNATIONAL: Among the top suppliers of synthetic rubbers and a pioneer in solution-polymerized styrene-butadiene rubber (SSBR) for tire production.

Orion Engineered Carbons: A leading supplier of rubber and specialty carbon blacks for tire and mechanical rubber goods industries.

PetroChina Company Limited: Supplies synthetic rubber, butadiene, and other petrochemical feedstocks for tires.

Phillips 66: Manufactures synthetic rubber, resins, carbon black, and reinforcing fillers used in tire manufacturing.

These large, established companies dominate, but small and mid-sized regional players also have significant market share cumulatively.

Frequently Asked Questions About the Tire Material Market

Here are some common questions regarding the tire material market:

Q: What are the most widely used materials for tire manufacturing?

A: Rubber, carbon black, metal and textile reinforcements, anti-degradants, accelerators, and vulcanizing chemicals are the most extensively used materials. Rubber accounts for over 40% of a tire's materials by weight.

Q: Which region dominates the tire material market?

A: Asia Pacific holds the largest share of the global tire material market, owing to massive tire production capacity in China, India, Thailand, Indonesia, and Malaysia. China alone produces over 30% of the world's tires.

Q: What materials are gaining prominence in tire manufacturing?

A: Sustainable materials like soybean oil, silica, liquefied wood, and recycled rubber are being increasingly adopted. Additionally, technological materials like sensor fabrics, shape memory alloys, and graphene are also gaining traction.

Q: How have raw material prices impacted the tire market?

A: Prices of key feedstocks like rubber, steel, oil, carbon black, and chemicals have witnessed volatility in recent years. This has put pressure on tire manufacturers' margins. Some companies have managed this volatility through long-term contracts and vertical integration.

Q: What is the supply chain structure of the tire materials industry?

A: The upstream is dominated by chemical, petrochemical, rubber, and reinforcement manufacturers. Midstream players like compounders supply formulated rubber compounds. The downstream comprises tire manufacturers who are the direct customers for tire materials.

Q: Which are the most common performance deficiencies seen in tire materials?

A: Common deficiencies include inadequate traction, rolling resistance, wear resistance, strength, stiffness, flex fatigue, and cut/chip resistance. These depend on the compound formulation and production quality control.

Conclusion

The tire material market exhibits a healthy growth rate, expected to reach over $100 billion by 2033. Rising automotive production and sales paired with the booming transportation sector is driving raw material demand. Leading global corporations and regional players supply various tire ingredients to the industry. Opportunities exist in sustainable materials, smart tire technologies, customization, and research. The tire industry and associated material markets promise robust, sustained expansion in line with mobility and logistics needs. Companies recognizing promising areas and innovating tire materials will reap rich dividends.

[sufferfly1]

Silicone elastomers  Market : A Look at the Industry's Growth Drivers and Challenges

The global silicone elastomers market size is expected to reach USD 15.40 billion by 2032, according to a new study by Polaris Market Research. The report “Silicone Elastomers Market Share, Size, Trends, Industry Analysis Report, By Product (High-Temperature Vulcanize, Room-Temperature Vulcanize, and Liquid Silicone Rubber); By Process; By Application; By Region; Segment Forecast, 2024-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing utilization of silicone elastomers in the automotive & transportation industry for the manufacturing of connector seals, turbocharger hoses, silicone wiper blades, ignition cables, and gaskets has changed the conception in the industry along with the increased awareness regarding its beneficial properties, including tear resistance, low surface friction, and self-adhesiveness are prominent factors propelling the market growth. Additionally, increasing R&D initiatives and investments that major players are undertaking to introduce products with more innovative features are further likely to support the market expansion.

For instance, in December 2022, Dow introduced its “SILASTIC SA 994X” rubber series with more sustainable, smarter, and safer technologies for the transportation and mobility industry. It is a comprehensive range of primer-less, & self-lubricating LSRs.

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In recent years, the product has found vast applications in the medical & healthcare sector, especially for fabricating medical devices and device components with relatively low viscosity due to increasing prevalence for health management, life support facilities, developments in medical devices, and high prevention. Thus, with the upsurge in healthcare expenditure, the demand for silicone elastomers will also rise during the forecast period.

Silicone elastomers have been replacing organic elastomers in various rubber applications, as they are reliably applied in the field and have several specific features. Many of the features of silicone elastomers are true technology enablers that can be transformed into various unique benefits for implementing and integrating innovative products and technologies.

Silicone Elastomers Market Report Highlights

The liquid silicone rubber segment accounted for the largest market share in 2022 on account of the growing prevalence of the product across several end-use industries like automotive and consumer goods.

The injection molding segment is projected to witness the fastest growth over the forecast period, mainly driven by its production in larger volumes in a shorter period.

The construction segment held a considerable market share in 2022, owing to its widespread use in the building-site equipment and the presence of good acoustic and insulation properties.

Asia Pacific dominated the global market in 2022, highly attributable to rapid growth in the automotive, consumer goods, and construction industries and increasing foreign direct investments in infrastructure development.

The global key market players include KCC Corporation, Cabot Corporation, Specialty Silicone Products, Shin-Etsu Chemical, Dow Inc., & Wacker Chemie

Polaris Market Research has segmented the silicone elastomers market report based on product, process, application, and region:

Silicone Elastomers, Product Outlook (Revenue - USD Billion, 2019 - 2032)

High-Temperature Vulcanize

Room-Temperature Vulcanize

Liquid Silicone Rubber

Silicone Elastomers, Process Outlook (Revenue - USD Billion, 2019 - 2032)

Extrusion

Liquid Injection Molding

Injection Molding

Compression Molding

Others

Silicone Elastomers, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Electrical & Electronics

Automotive & Transportation

Industrial Machinery

Consumer Goods

Construction

Others

Silicone Elastomers, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South AfricaTop of Form

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[pravalika]

Specialty Polymers Market - Forecast (2023 - 2028)

Specialty Polymers Market size is estimated to reach US$248.1 billion by 2027, after growing at a CAGR of 6.5% during the forecast period 2022-2027. Specialty polymers are derived from natural polymers, semisynthetic polymers and synthetic macromolecule polymers. Specialty polymers have advantageous characteristics, such as improved gas barrier performance, flame resistance and heat stability. They are thus frequently used in a variety of applications, including polymers, resins, monomers, intermediates and more. The booming transportation industry is the primary factor driving the growth of the specialty polymers market. According to the Organisation Internationale des Constructeurs d'Automobiles, in 2020, the global automotive production was 77,711,725 units and in 2021, it was 80,145,988 - an increase of 3%. Also, the growth in construction activities worldwide would fuel the demand for specialty polymers. The COVID-19 pandemic, on the other hand, hampered the growth of the specialty polymers industry. This was due to the halt in industrial activities associated with automotive, building & construction and more in 2020. Nonetheless, the increase in industrial production activities in 2021 fueled the growth of the Specialty Polymers industry.

Report Coverage

The "Specialty Polymers Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Specialty Polymers Market.

By Source: Natural, Semisynthetic and Synthetic. By Form: Solid and Liquid. By Type: Specialty Elastomers (Fluoroelastomers, Fluorosilicone Rubber, Liquid Silicone Rubber, Natural Rubber and Others), Specialty Thermoplastics (Polyolefins, Polyimides, Vinylic Polymer, Polyphenyles and Others), Specialty Thermosets (Epoxy, Polyester, Vinyl Ester, Polyimides and Others), Biodegradable Polymers, Conducting Polymers, Liquid Crystal Polymers and Others. By End-use Industry: Building & Construction (Residential, Commercial, Industrial and Infrastructure), Transport [Automotive {Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)}, Aerospace (Commercial, Military and Others), Marine (Passenger, Cargo and Others) and Locomotive], Textile, Food & Beverages (Fruits & Vegetables, Meat, Confectionery, Bakery Products, Dairy Products, Alcoholic Beverages, Non-alcoholic Beverages and Others), Electrical & Electronics (Computers, Smartphones, Semiconductors, Wires and Others), Cosmetics & Personal Care (Hair Care, Skin Care, Perfumes & Fragrance and Others) and Others. By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].

Key Takeaways

Asia-Pacific dominated the Specialty Polymers Market, owing to the growth of the automotive industry in the region. According to the Society of Indian Automobile Manufacturers (SIAM), in 2020, the total automobile production in India was 22,655,609 units and in 2021, it was 22,933,230 units - an increase of 1.2%.

The increasing research & development associated with Specialty Polymers would create an opportunity for market growth during the projected forecast period.

Moreover, the surging application of Specialty Polymers as resins, monomers and intermediates in the textile and cosmetics & personal care industries is driving the market growth.

However, the higher price of Specialty Polymers may confine the growth of the Specialty Polymers industry in the upcoming years.

[alliedcreation]

Yoga Mat Market Thermoelectric Modules Market & Detailed analysis of Industry figures with forecasts growth by 2026

The global yoga mat market size was at $13.3 billion in 2018, and is anticipated to reach $23.2 billion by 2026, with a CAGR of 7.1% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $9.9 billion from 2018 to 2026. Yoga has been practiced by more than 300 million practitioners globally. Yoga practice involves postures, exercises, and meditations, which are considered to be healthy for body and enhances peace of mind. Furthermore, yoga is practiced for benefits such as muscle toning & gaining stamina, flexibility, and strength. Thus, increase in number of yoga practitioners augments the yoga mat market demand , as they provide enhanced comfort in practicing various postures and exercises. Yoga mat is available in different materials, colors, and shapes, which further drives the growth of the market.

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The yoga mat market growth is propelled by alarming surge in incidence of obesity and health-related diseases. In addition, consumers are increasingly following fitness practices such as yoga and are engaged in purchasing accessories for the same such as yoga mat, blocks, and yoga pants, which boost the growth of the global market. Furthermore, governments of various countries and yoga & fitness clubs have been actively engaged in promoting yoga worldwide, which has resulted in increased awareness of benefits of yoga globally. For instance, the Indian Prime Minister Narendra Modi proposed the idea of International Yoga Day at United Nations General Assembly (UNGA) in 2014. This encouraged people worldwide to practice and get involved in yoga and Pilates. Moreover, in 2016, the Indian Prime Minister asked his ministers to make Yoga a mass movement. All these factors collectively are anticipated to increase the number of yoga practitioners, which, in turn, will propel the demand for yoga mats, thereby driving the growth of the global market. 

The yoga mat market is segmented into material, end user, distribution channel, and region. By material, the market is categorized into polyvinyl chloride (PVC), thermoplastic elastomers (TPE), rubber, cotton/jute, and others. Among these, PVC yoga mat are the most widely used among consumers, owing to their cost-effectiveness and easy availability in different sizes, shapes, and colors in all retail stores. The PVC segment was valued at $4.9 billion, and is expected to grow with a CAGR of 6.7% from 2019 to 2026, to reach $8.2 billion by 2026. However, the cotton/jute segment is estimated to grow at the highest rate during the forecast period, owing to rise in demand for yoga mats fabricated from biodegradable materials.

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On the basis of end user, the households segment held a significant share in the global market in 2018. However, the yoga & fitness clubs segment is expected to grow at highest CAGR, owing to inclination of consumers toward joining professional yoga centers and fitness clubs coupled with increase in promotional campaigns by yoga & fitness clubs. 

On the basis of distribution channel, the market is categorized into supermarket/hypermarket, specialty stores, e-commerce, and others. The specialty stores segment led the yoga mat market in 2018, and is estimated reach $12.2 billion, registering a CAGR of 6.8% during the forecast period. However, the e-commerce segment is anticipated to grow at the highest rate in the near future, owing to increase in penetration of smartphones and rise in number of consumers seeking for convenient lifestyle. 

Region wise, the yoga mat industry is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa). Asia-Pacific led the market for yoga mat in 2018, due to rise in concern of consumers toward obesity and health in countries such as India, China, Japan, and Australia. By country, the U.S. serves as the potential market attributed to presence of largest number of yoga practitioners in the country.  

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Key Findings of the Study:

By material, the cotton/jute segment is estimated to witness the fastest growth, registering a CAGR of 7.9% during the forecast period. 

Depending on end user, the household segment is expected to dominate the market for yoga mat, globally, holds 57.1% of share in the market. 

In 2018, by distribution channel, the specialty stores segment held the highest share, accounts 53.71% of the global yoga mat market share. 

In 2018, the U.S. was the most prominent market globally, and is expected to grow at a significant CAGR throughout the forecast period. 

The key players profiled in the report on yoga mat market analysis include Manduka, Jade Fusion, prAna, Hugger Mugger, Adidas, Lululemon Athletica, Ecoyoga, Aurorae Yoga, LLC, Eupromed, and Yaazhtex.

[blueweave8]

Vietnam Specialty Chemicals Market Demand, Trends, Forecast 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Specialty Chemicals Market size at USD 17.3 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Specialty Chemicals Market size to expand at a CAGR of 6.30% reaching a value of USD 26.3 million by 2030. Increasing investments in R&D, stricter environmental laws, growing manufacturing and agriculture sectors, and rapid urbanization and industrialization are major growth factors for Vietnam Specialty Chemicals Market. By volume, BlueWeave estimated Vietnam Specialty Chemicals Market size at 3.9 million tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Specialty Chemicals Market size to expand at a CAGR of 3.80% reaching the volume of 5.1 million tons by 2030.

Opportunity - Expanding Middle Class Population in Vietnam

The expanding middle class population is fueling the demand for various consumer goods, such as cosmetic products, home care products, and cleaners. These products contain specialty chemicals. The chemicals sector is growing as a result of this demographic trend since manufacturers are meeting the varied demands and preferences of their customers.

Growth Drivers

Rising Adoption of Sustainable Practices

The increasing shift towards sustainability is emerging as one of the major driving factors for the growth of Vietnam specialty chemicals market. Growing environmental consciousness and regulatory requirements are driving the demand for sustainable and eco-friendly specialty chemicals. Vietnamese companies are investing in green chemistry and sustainable manufacturing practices to meet changing customer demands and regulatory requirements, which is propelling the country's specialty chemicals market growth.

Challenges

Fluctuations in Availability of Raw Materials and Supply Chain

Vietnam Specialty Chemicals Market faces significant challenges due to fluctuations in raw material pricing and supply chain inefficiencies, which act as a barrier to its market growth. The fluctuations in raw material pricing result in inflation in the price of products and supply chain inefficiencies lead to delays in the production of the goods as it hinders the procurement of materials.

Vietnam Specialty Chemicals Market

Segmental Coverage

Vietnam Specialty Chemicals Market – By Product Type

Based on product type, Vietnam Specialty Chemicals Market is segmented into agrochemicals, rubber processing chemicals, construction chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, specialty pulp & paper chemicals, specialty textile chemicals, water treatment chemicals, pharmaceutical & nutraceutical additives, CASE (coatings, adhesives, and sealants & elastomers), and others (institutional & industrial cleaners, electronic chemicals, and mining chemicals). The institutional & industrial cleaners segment holds the largest share of Vietnam Specialty Chemicals Market. The stringent regulations around maintaining cleanliness and hygiene of products and surroundings act as a major driving factor for institutional & industrial cleaners.

Vietnam Specialty Chemicals Market – By End User Industry

On the basis of end user industry, Vietnam Specialty Chemicals Market is divided into automotive, construction, consumer goods, food & beverages, healthcare, industrial manufacturing, oil & gas, and other (packaging, personal care, water treatment) segments. The construction sector dominates Vietnam Specialty Chemicals Market. Specialty chemicals play a vital role in the construction sector by protecting concrete from air deterioration and improving its strength and quality. The rapid industrialization and urbanization for infrastructural development and economic growth act as a major catalyst for the rising demand for specialty chemicals in the sector.

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Agrochemicals Largest Specialty Chemical Product Type

Vietnam Specialty Chemicals Market consists of various product types including agrochemicals, rubber processing chemicals, construction chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, specialty pulp & paper chemicals, specialty textile chemicals, water treatment chemicals, pharmaceutical & nutraceutical additives, CASE (coatings, adhesives, sealants, and elastomers), and other products (institutional & industrial cleaners, electronic chemicals, and mining chemicals). The agrochemical segment holds a substantial market share, primarily due a rising demand for biocides and synthetic fertilizers.

Competitive Landscape

Vietnam Specialty Chemicals Market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include K.D. Feddersen Vietnam Co., Ltd., Oxy Chemicals Co., Ltd, AVCO, Trung Nguyen, MICHEM VIETNAM, Duc Giang Chemical Group Joint Stock Company (DGC), Wacker Chemie AG, VIET A CHEMICAL COMPANY LIMITED, and Adchem Joint Stock Company.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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[chemanalystdata]

Silicone Market Size, Share, Growth, Major Players, Industry Analysis by Forecast to 2030

According to ChemAnalyst report, “Silicone Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global Silicone market stood at 7.21 Million Tonnes in 2020 and is forecast to reach 11.21 Million Tonnes by 2030, growing at a healthy CAGR of 4.55% until 2030, owing to its versatile properties like durability, heat resistance, foam control, adhesion, UV stability, discharge safety, transparency, glossiness, radiation resistance, and flexibility. These properties of Silicone make it useful for making seals and gaskets for autoclaves or hot air ovens that are needed to be sterilized at high temperature. Silicone elastomers because of their low toxicity and risk for any adverse biological reactions, have attained acceptance in use for medical as well as food applications.

Silicone is an inert synthetic polymer manufactured by polymerizing siloxanes which are monomers containing silicon atoms connected by oxygen, carbon and hydrogen atoms. The different types of Silicone are elastomers, resins, fluids, and gels. They are utilized in making lubricants, adhesives, medical applications, insulations, and cookware. Due to its versatile properties, Silicones have several end use industries such as building and construction, industrial process, personal care and consumer products, electronics, transportation, medical and healthcare, energy. Surging demand form the construction as well electronics industry is estimated to drive the demand of Silicone for the forecast period.

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In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries including Silicone associated industries because the manufacturing plants were not operational coupled with the disruption the demand and supply chain during the lockdowns. However, Due to heavy demand from end use industries such as healthcare, construction, and electronics the market for Silicone was resumed back with full potential after the relaxation in lockdowns. Additionally, increasing use of liquid silicon rubber in Automotive and Medical industries is likely to boost the silicone market over the forecast period.

Region wise, Asia pacific region holds the major share of global demand for silicone due to increasing demand of application industries such as Construction, Automobile, Electronics, Personal Care and Healthcare etc. Moreover, rising population and per capita income in emerging economies like India and China coupled with growing number of products using Silicone is another factor influencing demand growth in the Asia Pacific region. A significant rise is expected to be observed in North America in the forecasted region due to the presence of various end use industries and its increasing demand in Building and Construction sector in the region.

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Major market players who are supplying for the products like The Dow Chemical Company (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd., (Japan), Elkem ASA (Norway), Momentive (US), KCC Corporation (South Korea) suspended their production units present in the countries like US, France, Germany, Italy, and Spain due to the pandemic effects. Thus, the market is expected to suffer a mild setback in the upcoming forecast years.

Major players for Silicone globally include Dow, Emerald Performance Materials, Evonik Industries AG, Jiangsu Mingzhu Silicone Rubber Material Co., Ltd, Kaneka Corporation, Shin-Etsu Chemical Co. Ltd, Wynca Group, Hoshine Silicon Industry Co. Ltd, Elkay Chemicals Pvt. Ltd., Supreme Silicones, Specialty Silicone Products, Inc. among others.

“Being linked to the automotive and construction sectors, the global Silicone industry has shown a robust growth alongside urbanization and changing consumer preference towards environment friendly materials. Moreover, growing demand from other sectors including personal care, medical and healthcare sectors, will also extend the market for Silicone in the forecast period. In Asia Pacific, China and India serve as the key growth region with sufficiently installed capacities for Silicone.  With new competitors emerging across the Asia Pacific Silicone market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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Specialty Elastomer Market - Size Global Industry Perspective, Top Manufacturers, Product Types ,Comprehensive Analysis Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

Market Overview:

Specialty Elastomer is a Polymeric material synthesized by joining number of organic units in a linked manner. Specialty elastomer is a polymer based synthetic rubber. They are either thermoset based or thermoplastic based, wherein most of the specialty elastomers in the market are based on thermoplastic polymers. The product exhibit various properties such as long durability, high impact resistance and failure strain, low shrinkage, and better design flexibility. The specialty elastomer are used in numerous applications such as automotive, construction, electronic appliances, footwear making, and medical equipment, among others. Automotive industry, building & construction industry, and footwear making industry are the major end users of the Specialty Elastomer. The market is witness a high growth due to infrastructural expansion undertaken by both developing and developed countries and increasing demand from automotive sector.

The Global Elastomer Market is estimated to grow at a CAGR of ~5% to reach about USD 95 billion by the end of 2023, which is projected to boost the demand for Specialty Elastomer in the coming years.

Access Complete Report @ https://www.marketresearchfuture.com/reports/specialty-elastomers-market-4585

Competitive Analysis:

Key players in the Global Specialty Elastomer Market are BASF SE (Germany), The DOW Chemical Company (U.S.), JSR Corporation (Japan), LG Chem. (South Korea), LANXESS AG (Germany), Zeon Corporation (Japan), KURARAY CO., LTD. (Japan), Covestro AG (Germany), Teknor Apex (U.S.), and Exxon Mobil Corporation (U.S.), among others.

Market Segmentation:

The Global Specialty Elastomer Market is segmented on the basis of product, application, and region.

On the basis of the product, the market is divided into thermoplastic elastomer (TPE) (thermoplastic olefin (TPO), thermoplastic polyurethane (TPU), thermoplastic vulcunizate (TPV), styrene block copolymer (SBC), and others) and thermosetting elastomer (TSE) (styrene butadiene rubber (SBR), butyl rubber, polybutadiene rubber (PBR), nitrile rubber, ethylene propylene rubber (EPM), and others). The available Specialty Elastomers in the market are majorly based on TPE due to its vast applications starting from building and construction industry to footwear making industry. Within TPE, SBC is the largest segment and is projected to grow at the highest CAGR due to its applicability in high pressure-complex industrial process and better mechanical properties compared to its counterparts. On the other hand, thermoplastic based Specialty Elastomers are commercially suitable for a small range of applications.

On the basis of application, the market is categorized into automotive, medical, consumer goods, building & construction, electrical & electronics, industrial, and others. Among these applications, the automobile industry is estimated to hold a major share of the market during the forecast period. Additionally, increasing demand for light weight vehicle and advent of electric vehicle are the favoring the growth of this segment. Yet, the medical segment is projected to grow at the highest CAGR among other applications on account of its increasing usage in syringe tips, peristaltic tubes, seals, gaskets, gloves, and grips.

Regional Analysis:

Geographically, the Global Specialty Elastomer Market is divided into Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. Among these regions, Asia Pacific is holding 48% share of the global market in terms of market size. China and India are leaders in the regional market owing to rising construction activities and reviving footwear making industry in these countries.

North America is a significant region in the Global Specialty Elastomer Market following the Asia Pacific. Reconstruction projects undertaken by countries namely the U.S. and Canada is anticipated to boost the growth of the regional Specialty Elastomer Market.

Europe is a substantial region in the Global Specialty Elastomer Market. The demand for Specialty Elastomer in the automobile industry, for making interior of luxury cars, is propelling the growth of the regional Specialty Elastomer Market. Countries namely Germany, France and the U.K. are the major contributors to the regional market growth.

Other regions in the Global Specialty Elastomer Market are the Middle East & Africa and Latin America, wherein the Middle East & Africa is comparatively growing at higher rate. Huge investment potential and availability of raw material are estimated to push the growth of the market in this region. Latin America is expected to join the hand with the leading regions in the coming years.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.