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Isoprene rubber latex (IRL) market forecast at $340 million by 2025

11/15/2018 - Sellbyville, DE - According to a research report by Global Market Insights, Inc., the isoprene rubber latex (IRL) market size will likely surpass $340 million by 2025. Growing demand for condoms all over the world will propel the isoprene rubber latex market development. The global condom industry is likely to grow with a CAGR of more than 7 percent and reach a net worth of about $11 billion by 2025. A rise in the condom demand will directly increase product consumption, as more than 60 percent of the condoms are made of latex. Latex condoms are best known for their strength, elasticity, softness and elongation. Increasing production of condoms will boost product consumption and help the IRL market to grow in the forecast period. Positively inclining on the application landscape that majorly encompasses the healthcare and industrial secto...
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Songwon Industrial Group releases positive third quarter results

11/15/2018 - Ulsan, South Korea - Songwon Industrial Group released its financial results for the third quarter of 2018. In the third quarter of 2018, gross profit amounted to 42,974 million KRW, with sales for the quarter totaling 204,403 million KRW. Profit for the period rose over 2017 by 38.4 percent, and the group announced a 12.6 percent EBITDA for the third quarter of the year. Songwon reports that market demand remained strong throughout the third quarter of 2018 and was in line with the company’s expectations, despite some monthly fluctuations. Polymer stabilizer sales exceeded the levels reached in the first two quarters of this year, and the organization expects this trend to continue. Songwon felt the benefits of the favorable foreign exchange throughout the third quarter, and the positive impact from the globally implemented price increas...
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Barwell announces appointment of vice president for sales and service

11/15/2018 - Brunswick, OH - Barwell Global USA has appointed Ian Turner as vice president of sales and service for the North American market. Turner was present at the recent ACS Rubber Show in Louisville, KY, and is well-known to many U.S. rubber companies, having worked for Barwell in a worldwide technical sales and service capacity for 22 years. Turner will now focus solely on machine sales and customer development for the North American market. Turner has become one of the world-leading experts on rubber production and has an extensive knowledge of all Barwell’s machines, and the different materials and processes used over a variety of industry sectors. Tammy Kidd will support Turner at the Barwell USA facility in Brunswick, OH. Kidd is responsible for the supply of genuine Barwell spares and service support by the team of Barwell service engine...
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Apollo Tyres' second quarter sales up 23 percent

11/15/2018 - Gurgaon, India - The board of directors of Apollo Tyres Ltd. approved the company’s unaudited financial results for the second quarter (July to September) and first half (April to September) for the financial year 2018-19. For the quarter ended September 30, 2018, Apollo Tyres Ltd., on a consolidated level, reported a jump of 4 percent in its net profit at Rs 146 crores, on sales of Rs 4,192 crores, which grew 23 percent. For the first half of the year (April through September), the company posted a profit of Rs 398 crores on sales of Rs 8,442 crores. The company’s Indian operations (standalone), which reported a 26 percent jump in its sales, was the dominant contributor to the revenue growth in the second quarter. European operations revenue was up 17 percent in the second quarter. Commenting on the company’s performance, Onkar S. Kanwar...
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IISRP announces release of the 2018 edition of Worldwide Rubber Statistics

11/15/2018 - Houston, TX - The International Institute of Synthetic Rubber Producers (IISRP) has published the 2018 edition of Worldwide Rubber Statistics, the world’s leading source for authoritative data about synthetic rubber. This edition of the book, which has been published annually for more than 30 years, has revisions to elastomer plant capacities as the synthetic rubber market continues to be dynamic. Additionally, IISRP’s China office has played a key part in this publication to enhance the intelligence on the Chinese market. The 85-page book provides a comprehensive analysis of capacity by elastomer type, by geographical distribution, and by corporate ownership. It also features a graphics section that emphasizes statistics in an easy-to-read format and a section on capacities of synthetic rubber production facilities throughout the world, ...
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Market Reports

Farm tires market forecast with 6 percent CAGR through 2028

11/15/2018 - Rockville, MD - Fact.MR reports that the farm tires market will foresee an above-average 6.0% value CAGR between the forecast period 2018 and 2028. Nearly 70,000,000 units of farm tires are envisaged to be sold worldwide by 2028-end. The market turnaround brought about by aging agricultural machinery, and growing emphasis on sustainable agricultural practices for tackling food security, continue to influence demand for farm tires worldwide. With rising pressure on farm fundamentals, OEMs are perceiving demand stoked by the impetus from farmers that seek equipment replacement. Although few farmers still try to squeeze extra work out of their old tractors, a major chunk of the customer base is eyeing to capitalize on the benefits offered by the up-to-date machinery. This further has a great influence on the demand for farm tires. On... (read more)

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