According to a report by Research Nester, the global cellular rubber market is expected to grow from $8.4 billion in 2022 to $18 billion by 2035. The growth is due to the forecasted rise in the automotive, rubber, electronic, and space industries.
The demand for compact electronics products has increased, leading to the need for adhesive materials that can provide strong and reliable bonding in miniature applications.
The report, looking toward 2028, will cover a range of industry challenges and issues, and highlight opportunities for growth in a fast-changing market.
Chemical companies’ attention has shifted from demand issues to more sustainable practices in an effort to address rising production and transportation costs, greater demand to reduce carbon footprint, diminished profitability, and the push to develop more recyclable products.
The U.S. chemical industry is undergoing a profound transformation in 2023, embarking on a journey of portfolio refinement, supply chain optimization, and groundbreaking material innovation.