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Industrial rubber market projected to grow at a CAGR of 4.6 percent through 2022  

Monday, July 16, 2018

Dublin, Ireland - The industrial rubber market is projected to grow from $26.99 billion in 2017 to $33.82 billion by 2022, at a CAGR of 4.6 percent between 2017 and 2022. The application segment of the industrial rubber market includes automotive, building and construction, industrial manufacturing, polymer modification, wire and cable, electrical and electronics, bitumen modification, coating, sealant and adhesive, and medical and healthcare. The growth of the industrial rubber market can be attributed to the robust economic outlook for the Asia Pacific, and the increasing motor vehicle production and sales across the globe. The industrial rubber market is expected to witness significant growth in a number of emerging economies, such as India, Thailand, Malaysia and Brazil. The industrial rubber market in developed economies, such as the U.S. and Japan will witness market gains below the global average, owing to sluggish growth in durable goods consumption and automotive production. One of the major restraints for the industrial rubber market growth is environmental regulations and health hazards associated with the industrial rubber and its manufacturing. There are a number of regulations for the industrial rubber manufacturing; for example, butadiene was listed as a toxic substance under the Canadian Environmental Protection Act, 1999 (CEPA 1999). Such regulations have restricted the growth of the global industrial rubber market. Based on application, the industrial rubber market has been segmented into automotive, building and construction, industrial manufacturing, polymer modification, wire and cable, electrical and electronics, medical and healthcare, bitumen modification, coating, sealant and adhesive, and others. Automotive is expected to be the largest application segment of the industrial rubber market. In terms of value, the automotive segment is projected to continue its dominance during the forecast period. Industrial rubbers are replacing other materials in several applications, as they have improved performance characteristics such as stiffness and abrasion resistance making them a suitable replacement for metal, glass and wood parts used in the automotive application. Based on type, the industrial rubber market has been segmented into natural rubber and synthetic rubber. The growth of the synthetic rubber segment can be attributed to its wide use in different applications. Synthetic rubber is used in large quantities in the automotive application due to its abrasion-resistant property. Synthetic rubber produced in the latex form is used as a rubbery adhesive in carpet manufacturing. Its other applications include drive couplings, haul-off pads, conveyor belts, adhesives, roll coverings, and various other molded rubber goods. The industrial rubber market in the Asia Pacific is expected to grow at the highest CAGR of 5.1 percent, in terms of value, between 2017 and 2022. The Asia Pacific is expected to lead the industrial rubber market, in terms of both volume and value, in 2017. In terms of value, the Asia Pacific is estimated to account for the largest share of the global industrial rubber market in 2017. The increased demand for industrial rubber from non-tire automotive, building and construction, industrial manufacturing, and other applications in countries such as China and India is driving the industrial rubber market in the Asia Pacific. In the process of determining and verifying the market size gathered through secondary research for different segments and subsegments of the industrial rubber market, extensive primary interviews have been conducted with key industry experts. The break-up of profiles of primary participants has been given below. Lanxess (Germany), Sinopec (China), Goodyear Tire and Rubber Company (U.S.), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), Nizhnekamskneftekhim (Russia), JSR Corporation (Japan), LG Chem (South Korea), Versalis S.p.A. (Italy), and Zeon Corporation (Japan), among others, are the key players operating in the industrial rubber market. - * Email

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Lanxess to open research and development laboratory for aqueous polyurethane dispersions in Italy  

Monday, July 16, 2018

Cologne, Germany – Specialty chemicals company Lanxess will open a new applications development and technical services (AD & TS) laboratory for polyurethane dispersions (PUDs) in Latina, Italy. As part of the existing Urethane Systems AD & TS center, the new lab will operate as a standalone facility dedicated to PUDs. It has been built with the scope of enhancing the Lanxess Urethane Systems business partnership with clients and end users via a technology focused interaction and high scientific focus. Start of operation will be in the third quarter of 2018. The new laboratory will be capable of supporting market needs in a variety of coatings and adhesives applications in leather and textile finishing, plastic, glass and metal substrates coatings, as well as glass fiber sizing. “There is a growing demand from customers for VOC (volatile organic compounds) free and lower carbon footprint materials,” says Dr. Markus Eckert, head of Lanxess’s Urethane Systems business unit. “Moreover, the increasing regulatory pressure upon restricted chemicals, stimulates the applied research in water based technologies. Hence, the foundation of a focused technical center is consistent with Lanxess’s strategy towards green technologies and chemistry.” Urethane coatings demand wear, abrasion, chemical and UV resistance, for which Lanxess can offer a range of solutions. “The laboratory in Latina will be capable of doing analytical work, formulation development and synthesis of novel products to satisfy market needs with a high degree of technical differentiation,” Eckert continues. Lanxess Urethane Systems is one of the leading manufacturers in hot-cast prepolymers, as well as of specialty aqueous polyurethane dispersions, coating systems and polyester polyols. The specialized polyurethane systems know-how for various applications, global production capabilities and deep application expertise all come together to enable Urethane Systems to provide solutions tailored to meet the customers’ needs. - * Email

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McLube

ASTM International launches collaboration platform for document development  

Monday, July 16, 2018

West Conshohocken, PA - ASTM International launched the ASTM SpecBuilder platform which empowers organizations to streamline collaboration and document development for internal documents such as specifications, test methods, guidelines and procedures. In an effort to refine the platform, the Plastics Pipe Institute (PPI) and others have tested SpecBuilder over the past year. According to PPI’s Debora Bechtloff, member services coordinator, "ASTM SpecBuilder provides a contemporary solution for collaboration, balloting and publishing. Since adopting SpecBuilder, the number of PPI ballots has increased, member involvement in collaboration and balloting efforts has improved, and PPI publishes documentation more quickly." SpecBuilder provides a single platform to ensure organizations’ internal drafts, comments, votes and supporting documents are uploaded, acted on and archived within a single secure tool. Specifically, the tool allows team members to manage changes to documents; revise multiple documents simultaneously; accelerate voting processes; add hyperlinks to standards; streamline communications; securely store and restart projects, and more. - * Email

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Camso earns recognition as a John Deere partner-level and hall of fame supplier  

Monday, July 16, 2018

Magog, Quebec, Canada – Camso has earned recognition as a partner-level supplier for 2017 and was inducted into the Supplier Hall of Fame in the John Deere Achieving Excellence Program. Hall of Fame status is given after a supplier attains a partner-level rating for five consecutive years. The partner-level status is Deere & Company’s highest supplier rating. Camso was selected for the honor in recognition of its dedication to providing products and service of outstanding quality as well as its commitment to continuous improvement. The company employees accepted the recognition during formal ceremonies held on April 17 in Bettendorf, Iowa. Camso is a proud service supplier of agricultural tracks and track systems to John Deere. Suppliers who participate in the Achieving Excellence program are evaluated annually in several key performance categories, including quality, cost management, delivery, technical support and wavelength, which is a measure of responsiveness. John Deere Supply Management created the program in 1991 to provide a supplier evaluation and feedback process that promotes continuous improvement. - * Email

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AB Specialty Silicones completes significant research and development facility expansion  

Monday, July 16, 2018

Waukegan, IL - In June, 2018, AB Specialty Silicones completed a significant renovation and expansion of its research and development and quality assurance location, tripling the area. Additional laboratory facilities and equipment have dramatically increased technical capabilities for product analysis and performance matching that will enhance product development, performance testing and technical service. The lab expansion also includes an intermediary scale up area equipped with pilot reactors used to bring new products from the lab to the marketplace. These improvements combined with an increase in manufacturing and storage completed earlier in 2018 all support AB Specialty Silicones’ growth and commitment to put customers first with product innovation, US-based manufacturing and warehousing, allowing for shorter lead times. - * Email

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