Struktol - A World of Capabilities

News and week in review

Scroll down for more news

Click here to subscribe to the daily news

Aircraft tires market forecast with a CAGR of 4.5% through 2026

  10/11/2018 - San Jose, CA - The Aircraft Tires market is set to demonstrate 4.5% CAGR during the forecast period from 2018 to 2026 according to Credenceresearch.com Aircraft tires are among the most complex and sophisticated engineered products onboard aircrafts. With properties withstand heavy loads at high velocities and extreme temperatures, the demand for aircraft tires is primarily governed by the consistently growing aviation sector worldwide. Asia Pacific is expected to emerge as the frontrunner in the market in the near future, surpassing the North America aircraft tires market. This can be attributed to rapidly growing number of air passengers and hence the aviation industry here. Additionally, growing spending over military aircrafts forms another important factor supporting the market growth. Aircraft tires market is segment based on tire type, design, tire assembly, tire tread, end-user, aircraft type and geography. Based on tire type, the market is led by type VII and type VIII segments due to their higher application commercial airliners. Further, based on geography, the market is currently led by North America and is expected to be surpassed by Asia Pacific in the near future. India and China are projected to emerge as the driving markets for aircraft tires. This is attributed to factors such as sharp increase in air passengers, growing air cargo and military aircraft budgets. For instance, Boeing Company delivered a record high of 202 aircrafts to China in the year 2017, which constituted nearly 26% of Boeing’s global aircraft deliveries in the same year. According to International Air Transport Association (IATA), China is expected to surpass the U.S. aviation sector by 2022, making it the largest aviation market. Similarly, in June 2017, the total aircraft orders by India reached 1,080, posing it to become the 3rd largest aviation market in the near future. The overall aircraft tires market is highly consolidated in nature with very limited companies operating in the market. Very few tire manufacturers possess the technology to produce high performance aircraft tires. This is primarily due to higher complexities involved in manufacturing these high performance tires. Michelin Group, Bridgestone Corporation, Goodyear Tire & Rubber Company, Dunlop Aircraft Tyres Ltd. are the top four companies operating in the market capturing more than 80% of the total market revenue generated worldwide. Due to limited number of new entrants in aircraft tire manufacturing, the market would continue its consolidated nature over the following years.

Friday, May 24, 2019

Yokohama chosen as original equipment tire for Toyota’s new RAV4 Crossover SUV - click to expand

Arburg expands in Thailand - click to expand

Global farm tire market is projected to be worth $7.03 billion by 2026 - click to expand

Kentucky issues grants for recycled rubber tires to repave roadways - click to expand

Global hydrogel market forecast with a CAGR of 9 percent through 2024 - click to expand

Thursday, May 23, 2019

Songwon Industrial Group announces first quarter results - click to expand

NTB and Tire Kingdom continue to expand with 27 additional new locations in 2019 - click to expand

DSM and Adaptive 3D Technologies introduce 3D printable photopolymer Soft ToughRubber - click to expand

Nokia Tires launches Shop Talk for tire safety issues - click to expand

ChemSpec hires C.A.S.E. sales manager to support growing adhesive and coating lines - click to expand

Wednesday, May 22, 2019

Arburg breaks ground on facility in Lossburg, Germany - click to expand

Bridgestone's Trenton, SC, plant awarded Leadership in Energy and Environmental Design (LEED) certification - click to expand

USTMA applauds formation of Congressional Tire Caucus - click to expand

Chem-Trend announces release agent designed for automotive suppliers manufacturing clutches and brakes - click to expand

Falken Tires selected as winner of Suburu of Indiana automotive supplier award - click to expand

Tuesday, May 21, 2019

Buss Japan launches full-scale domestic sales of its continuous kneader Compeo series - click to expand

Continental EcoContact 6 is original equipment on Mercedes-Benz C-Class - click to expand

Safic-Alcan opens subsidiary in Greece - click to expand

U.S. Tire Manufacturers Association kicks off of National Tire Safety Week - click to expand

Peak Sport Products to use Cooper Standard’s Applied Materials Science Fortrex technology - click to expand

Monday, May 20, 2019

Thailand to cut rubber exports by 126,240 tons - click to expand

Registration and housing now open for the 2019 International Elastomer Conference - click to expand

Automotive all-season tires market forecast with a CAGR of about 5% by 2023 - click to expand

Titan, Kubota enter exclusivity agreement for Goodyear's R14 tires - click to expand

Global polyolefin elastomer market forecast with a CAGR of 8.7% through 2027 - click to expand

Friday, May 17, 2019

Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman - click to expand

Goodyear and Just Tires offering free care care checks for U.S. military this Memorial Day - click to expand

Nexen Tire and The Purple Heart Foundation to give away 2020 Jeep Gladiator to a combat-wounded veteran - click to expand

Bridgestone launches company's first all-weather touring tire in the U.S. and Canada - click to expand

Global automotive elastomer market forecast to reach $62.9 billion by 2024 - click to expand

Market Reports

Global silicone gel market forecast with a CAGR of 8.4% through 2024 - click to expand

Global automotive tire market forecast to reach $618 billion by 2026 - click to expand

Global carbon black market forecast to reach $25.9 billion by 2025 - click to expand

Global farm tire market is projected to worth $7.03 billion by 2026 - click to expand

Global hydrogel market forecast with a CAGR of 9% through 2024 - click to expand

Automotive all-season tires market forecast with a CAGR of about 5% by 2023 - click to expand

Global polyolefin elastomer market forecast with a CAGR of 8.7% through 2027 - click to expand

Global automotive elastomer market forecast to reach $62.9 billion by 2024 - click to expand

Global carbon black market is projected to reach $13.79 billion by 2021 - click to expand

Global adhesives and sealants market forecast with a CAGR of 5.1% through 2026 - click to expand

Latex saturated paper market forecast with at CAGR of 4.3% through 2027 - click to expand

Subscribe to daily news

Sign up for Daily News Email Update

RubberWorld will now notify you with an email when we update our daily news. Simply enter you email address in the boxes below and click the send button*, and you'll know the news as soon as we do!

email

email (confirm)

Type RUBBER in this field (prove you're human) in CAPS


* be sure to click the send button

By submitting your email address to RubberWorld you agree to allow Rubber World to send you daily email notifications relating to news in the rubber industry. See our privacy terms for more details