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Synthetic Rubber Market Technologies, Trends, Industry Growth, Segments, Landscape and Demand by Forecast to 2029
The synthetic rubber market size was pegged at USD 28.89 billion in 2021. The market is anticipated to rise from USD 29.86 billion in 2022 to USD 41.73 billion by 2029 at a 4.9% CAGR during the forecast period. Fortune Business Insights™ has elucidated these insights in its latest research report, titled, “Synthetic Rubber Market, 2022-2029.”

According to the study, artificial elastomer has gained an uptick following the need for high tensile strength, recyclability and resistance to abrasion and swelling. Growing investments in research & development activities and demand from construction, aerospace, and construction sectors will augur well for the business outlook. Industry players expect the ensuing period to provide promising growth opportunities with rising demand from the end-users.


Report Coverage

The report offers a comprehensive perspective of the market size, share, volume, and revenue. It has also delved into SWOT analysis and Porters’ Five Force Analysis. The report has been prepared through qualitative and quantitative analysis to bolster the strategic approach. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.

Drivers and Restraints

Notable Trends from Automotive Sector to Propel Industry Outlook

The synthetic rubber market share will witness an upward trajectory on the back of surging demand for anti-slip properties across tire applications, including door & window profiles, flooring, O-rings & gaskets, hoses and belts. The automotive sector is likely to exhibit traction for synthetic rubber following the need for abrasion and temperature resistance. It is worth noting that artificial rubber has gained an uptick owing to its suitability for applications in environments exposed to high temperatures, greases, chemicals and oxidizing compounds.

However, potential health issues, including shortness of breath, asthma and stroke, could challenge industry players vying to boost their portfolios.

Key Industry Development

April 2020 - SIBUR’s Krasnoyarsk started its commercial manufacturing of synthetic nitrile butadiene rubber (NBR) latex with an annual capacity of 3.5 KT. The aim of the project is to develop a feedstock base for import substitution of diagnostic exam gloves through the localization of manufacturing in Russia. Hence, this development will help the company to set the stage for the development of the latex manufacturing industry.

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Synthetic Rubber Market Size, Share & Growth | Report [2029]

The global synthetic rubber market is projected to grow from $29.86 billion in 2022 to $41.73 billion by 2029, at a CAGR of 4.9% in forecast period, 2022-2029

Plastic Compounding Market Latest Trends, COVID 19 Impact Analysis, Key Drivers and Future Demand Forecast 2026
The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.

As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period.

Automotive & Transportation Segment to Hold the Highest Share Backed by Extensive Usage of Compounded Plastics

In terms of application, the market is grouped into consumer goods/lifestyle, infrastructure & construction, industrial machinery, packaging, automotive & transportation, electrical & electronics, and others. Amongst these, the automotive and transportation segment is set to hold the largest plastic compounding market share during the forecast period. This growth is attributable to the increasing usage of compounded plastics in this industry. They lower the overall weight of the vehicle, which further increases the life and efficiency of the vehicle components. The infrastructure and construction segment held 14.6% share in 2018.


Regional Analysis-

Asia Pacific to Dominate Owing to High Demand for Low Emission Vehicles

Geographically, the market is divided into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Amongst them, Asia Pacific is anticipated to generate the highest plastic compounding market revenue in the coming years. The majority of this growth would be contributed by China and India, mainly because of the rising demand for low emission vehicles. It is helping the automotive sector to expand.

Asia Pacific is considered to be the largest producer of construction, automobiles, industrial machinery, electrical & electronics, and packaging materials. Coupled with this, the ongoing economic development and growing industrialization are set to impact the market positively in this region. The U.S. in North America previously held the largest share stoked by high demand for plastic compounding from healthcare & pharmaceutical, as well as electrical & electronics industries. The region procured USD 10.02 billion market share in 2018. In Europe, Germany is likely to be the main contributor of growth on account of the rising production of electric vehicles.



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Plastic Compounding Market Size, Share, Growth | Global Report, 2026

The global plastic compounding market size was USD 52.74 billion in 2018 is projected to reach USD 87.11 billion by 2026, exhibiting a CAGR of 6.5% during the forecast period from 2019 – 2026.

Antimicrobial Coatings Market to Watch Post-COVID
The global antimicrobial coatings market size is predicted to reach USD 8,650.7 Million by 2027, exhibiting a CAGR of 11.5% during the forecast period. The rising awareness regarding the advantages of active ingredients found in antimicrobial coatings to prevent microbial growth in the wall, door handles and other indoor objects will accelerate the antimicrobial coatings market growth, states Fortune Business Insights in a report, titled Antimicrobial Coatings Market Size, Share & Industry Analysis, By Type (Metallic {Silver, Copper, and Others}, and Non-metallic {Polymeric, and Others}), By Application (Medical & Healthcare, Indoor Air / HVAC, Mold Remediation, Building & Construction, Food & Beverage, Textile, and Others), and Regional Forecast, 2020-2027” the market size stood at USD 3,690.0 Million in 2019. The rising prevalence of diseases will spur significant demand for antimicrobial coatings in prevention and protection against mold, fungi, and bacteria during the forecast period.

Market Driver:

Strong Utilization of Antimicrobial in Disease Prevention to Improve Business Prospects

The increasing application of antimicrobial coatings in healthcare facilities can be a vital factor in inflating the demand of the market. For instance, Healthcare-related infections (HCAI), also known as nosocomial infections lead to a high rate of morbidity and mortality in patients. As per the World Health Organization, Fact Sheet, Hundreds of millions of patients are affected by healthcare-associated infections worldwide each year, leading to significant mortality and financial losses for health systems. The rising cases of HCAI in the developing nations will create opportunities for the market. The World Health Organization, states in high-income countries, approximately 30% of patients in intensive care units (ICU) are affected by at least one healthcare-associated infection. Likewise, the European Center for Disease Prevention and Control (ECDC) estimates that about 4.1 million acute care patients develop an HCAI annually, with 37,000 deaths directly attributed to HCAI. The increasing cognizance of HCAI and pandemics such as COVID-19 will lead to the improvement in the safety and hygiene of patients in hospitals, which, in turn, will aid the expansion of the market. Also, the rising concertation to prevent the growth of microbes, which can lead to infections or cause product degradation will foster healthy growth of the market.


Regional Analysis:

Favorable Laws and Policies will Strengthen Market in North America

The market size in North America stood at USD 1,383.5 million in 2019. North America and is likely to remain dominant during the forecast period. The growth in the region is attributed to the rising demand for antimicrobial coatings in indoor air / HVAC and medical applications. Favorable Healthcare Policies and laws will further promote the market in North America. The rising demand from the food & beverages and apparel industry in the U.S. and Canada will support the growth in North America. The increasing living standards of people along with the rising healthcare spending in the U.S. will further aid the development of the market. The growing innovation in the healthcare industry and the growing production of processed foods will contribute positively to the market in North America.

Significant Development:

January 2019: Akzo Nobel N.V., a global leader and produced of powder coatings, announced that its Interpon AM range, containing BioCote antimicrobial protection was selected to be applied on 2,350 door handles in Abu Dhabi clinic. This coating combats the growth of microbes such as bacteria and mold.

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Antimicrobial Coatings Market Size, Share | Global Report, 2027

The global antimicrobial coatings market size was USD 3,690.0 million in 2019 and is projected to reach USD 8,650.7 Million by 2027, exhibiting a CAGR of 11.5% during the forecast period

Liquid Waste Management Market Revenue, Development, Revenue, Future Growth, Future Strategies, Business Opportunities, Growth Statistics by 2026
The global liquid waste management market size is predicted to reach USD 85.02 billion by 2026, exhibiting a CAGR of 3.3% during the forecast period. The rising population around the world has led to a necessity for efficient liquid waste management, which, in turn, will bolster healthy growth of the market in the forthcoming years. As per the United Nations study, the world population is expected to reach 8.5 billion by 2030, 9.7 billion by 2050 and surpasses 11 billion by 2100. Moreover, the ongoing projects for water treatment plants in the developing nations will subsequently accelerate the liquid waste management market revenue in the forthcoming years, mentioned a report, the market size stood at USD 65.93 billion in 2018.

Competitive Landscape:

Expansion of Xylem’s Technological Hub to Boost Business Prospects

Xylem Inc., a leading American water technology company for residential, commercial, agricultural and industrial settings announced the launch of its innovative multi-disciplinary center for water, wastewater and energy technologies at the company’s regional headquarters in Singapore. The expansion project will help the company to enhance its R&D capabilities alongside helping sustainable investments in water technologies for water distribution and wastewater treatment. The expansion of the Xylem’s water treatment project will have a positive impact on the liquid waste management market trends owing to its collaboration with Institute of High-Performance Computing (IHPC). Furthermore, President and CEO of Xylem, Mr. Patrick Decker, said in a statement, “This new multi-disciplinary center will create ample opportunities to innovate and collaborate with our customers, as we work with them to tackle the region’s greatest water challenges, including water scarcity, affordability and infrastructure resilience. He further added, “bringing research and development capability into our regional headquarters in Singapore puts all of Xylem’s market-leading technology capability in one location, focused on the region’s water technology and infrastructure solutions.” In addition, the growing collaborations and partnerships among major market players will bolster healthy growth of the market in the foreseeable future.

Regional Analysis:

Presence of Major Water Treatment Plants to Foster Growth in North America

The market in North America stood at USD 19.75 billion in 2018 and is predicted to grow rapidly during the forecast period owing to the presence of various market players. The largest water treatment plants in the USA will influence positively to the growth in the region. For instance, Chicago & Boston has the wastewater treatment plant with capacity of 1.44 billion gallons per day and 1.27 billion gallons per day respectively. Asia Pacific is likely to witness high growth during the forecast period owing to the growing population in the emerging economies such as China, India. The need for liquid waste treatment and recycling to cater to the clean water requirements will enable speedy growth of the market. According to the Central Pollution Control Board estimation, India’s water demand is expected to rise to 1.5 trillion cubic meters by 2030. Europe is predicted to exhibit a high growth rate in the foreseeable future. The rising government initiatives to curb water pollution will contribute positively to the liquid waste management market growth in the Europe



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Liquid Waste Management Market Size, Growth | Global Report, 2026

The global liquid waste management market size was USD 65.93 billion in 2018 and is projected to reach USD 85.02 billion by 2026, exhibiting a CAGR of 3.3% during the forecast period.

North America Hot Melt Adhesives Market Growth by 2029 | Global Industry Analysis, Outlook and Forecast Report by Fortune Business Insights™
The North America hot melt adhesives indstry stood at USD 1.86 billion in 2021. The market is anticipated to surge from USD 1.98 billion in 2022 to USD 2.80 billion by 2029 at a 5.1% CAGR during the forecast period. Fortune Business Insights™ has elucidated these insights in its latest research report, titled, “North America Hot Melt Adhesives Market, 2022-2029.”

According to the analysis, hot melt adhesives (HMAs) will be highly sought-after for manufacturing solid materials based on thermal polymers. Prominently, expanding the packaging and construction sector will augur well for the regional growth. For instance, HMAs have become trendier to maintain storage space in the automotive sector amidst soaring demand for pressure-sensitive adhesives.

Report Coverage

The report offers a comprehensive perspective of the market size, share, revenue and volume. It has also delved into Porters’ Five Force Analysis SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the North America Hot Melt Adhesives Market. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.

The ethylene vinyl acetate segment is likely to expand at a notable CAGR owing to surging demand for solar panels, packaging and pharmaceutical products. Moreover, rising investments in leather and footwear will encourage companies to invest in the portfolio.

Packaging to Gain Traction from the Presence of Leading Companies

In terms of application, the industry includes packaging, woodworking, transportation, assembly, footwear & leather, building & construction, bookbinding, nonwovens and others segments. The packaging application will account for a notable share of the North America market due to the trend for convenient options. Besides, leading players have infused funds into innovations and R&D activities.

Drivers and Restraints

Trend for Biodegradable Adhesive Packaging to Underpin Regional Growth

North America hot melt adhesives market growth will be noticeable on the back of the trend for biodegradable packaging across packaging, lamination and bookbinding industries. The global push for sustainable packaging solutions has prompted investments in biodegradable hot melt adhesives. Furthermore, traction for online shopping has augured well for leading companies vying to boost their footfall. Adhesive manufacturers could gain an uptick from the e-commerce sector across the U.S. and Canada. It is worth mentioning that durability, tremendous adhesion and adaptability to surfaces will play a pivotal role in boosting the industry growth.

Meanwhile, possible chances of downtime could mar the regional growth in the ensuing period.

Regional Insights

The U.S. to Spearhead Growth Outlook with Expanding Construction Activities

The U.S. market forecast will be strong in the wake of surging demand from commercial and residential activities across the region. Prominently, rising investments in the furniture sector could propel the penetration of polyurethane-based adhesives. It is worth noting that HMAs receive impetus from the rising production of automotive interior panels.

Canada will contribute significantly toward North America hot melt adhesives market share in the light of bullish demand for advanced infrastructure. End-users are likely to bank on burgeoning industrialization and urbanization over the next few years. Industry players are likely to invest in hot melt adhesives with a surge in demand for the paper board.

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North America Hot Melt Adhesives Market Size & Growth [2029]

The North America hot melt adhesives market is projected to grow from USD 1.98 billion in 2022 to USD 2.80 billion by 2029, exhibiting a CAGR of 5.1%