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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.

Wednesday, December 12, 2018

Tire Discounters supports Ohio’s new legislation to prohibit use of unsafe used tires - click to expand

Trinseo's president Christopher Pappas announces his retirement - click to expand

Sri Lankan Elastomeric is now using EnviroCB in regular tire production - click to expand

Davis-Standard’s Pawcatuck facility becomes ISO 9001:2015 certified - click to expand

Latex caulk market size to reach $25.5 billion by 2022 - click to expand

Off the road tiress market will register a 4 percent CAGR through 2023 - click to expand

Tuesday, December 11, 2018

Continental inaugurates its research and test laboratory for industrializing dandelion rubber - click to expand

Goodyear Tire & Rubber halting production in Venezuela - click to expand

Global isoprene rubber latex market forecast to reach $1.17 billion by 2028 - click to expand

Borealis selects M. Holland Company as distributor in North America - click to expand

Elkem Silicones builds research and development center in France - click to expand

Monday, December 10, 2018

Yokohama Rubber launches limited sales of lightweight, eco-friendly tire - click to expand

Midwest Industrial Rubber acquires conveyor belt distributor Jerry Brothers Industries - click to expand

2018 U.S. tire shipments forecast to increase to 325.2 million units - click to expand

Registration and housing open for Rubber Division, ACS 195th Technical Meeting - click to expand

Fujikura Rubber becomes ISO 13485:2016 certified - click to expand

Friday, December 7, 2018

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

Thailand, Malaysia and Indonesia meet to discuss distressed rubber prices - click to expand

Buchanan Rubber acquired by Wynnchurch Capital - click to expand

Kraiburg to open TPE production line in Malaysia - click to expand

Rubber conveyor belt demand in Asia/Pacific region forecast to reach $4.4 billion by 2022 - click to expand

Thursday, December 6, 2018

Cabot Ville Platte celebrates 75 years of operation - click to expand

Sartomer celebrates 50th anniversary of West Chester, PA, production facility - click to expand

Smithers Rapra announces four-part series on rubber compounding starting December 12 - click to expand

Coatings additives market forecast with a CAGR of 3.5 percent through 2027 - click to expand

University of Wisconsin Milwaukee presents silicone elastomers course - click to expand

Wednesday, December 5, 2018

Global rubber additives market forecast to reach $4.6 billion by 2023 - click to expand

Hankook rolls out Hexonic and Aeroflex concept tires at Essen - click to expand

Yokohama Tire is recalling certain Yokohama RY023 tires - click to expand

Automotive high-performance tires market forecast with a CAGR of 16 percent by 2023 - click to expand

USTMA commends government on the signing of U.S-Mexico-Canada trade deal - click to expand

Market Reports

Off the road tiress market will register a 4 percent CAGR through 2023 - click to expand

Latex Caulk Market size to reach $25.5 billion by 2022 - click to expand

Global isoprene rubber latex market forecast to reach $1.17 billion by 2028 - click to expand

2018 U.S. tire shipments forecast to increase to 325.2 million units - click to expand

Rubber conveyor belt demand in Asia/Pacific region forecast to reach $4.4 billion by 2022 - click to expand

Coatings additives market forecast with a CAGR of 3.5 percent through 2027 - click to expand

Global rubber additives market forecast to reach $4.6 billion by 2023 - click to expand

Automotive high-performance tires market forecast with a CAGR of 16% by 2023 - click to expand

Automotive silicone market is forecast to reach $3.33 billion by 2023 - click to expand

Asia-Pacific UHP tire market is projected to grow at a CAGR of over 9% by 2023 - click to expand

Middle East & Africa UHP tire market is projected to reach nearly $ 1.6 billion by 2023 - click to expand

Polymer Binders Market is projected to grow to $35 billion by 2023 - click to expand

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