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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.

Monday, October 22, 2018

Rubber industry sees price hikes for raw materials and distribution - click to expand

Global solution styrene butadiene rubber market forecast to grow at CAGR of 9.2 percent through 2026 - click to expand

Goodyear helps two million truckers over the past 10 years - click to expand

Camso opens new off-road tire manufacturing facility in Peosta, Iowa - click to expand

Book of the Week: 2018 Blue Book - Materials, Compounding Ingredients and Services for the Rubber Industry - now available - click to expand

Friday, October 19, 2018

TBC Corporation finalizes rebranding of Merchant's locations to NTB Tire & Service Centers - click to expand

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

Rain-X launches precision-engineered silicone rubber wiper blade - click to expand

Scientists backed by the Bill and Melinda Gates Foundation invent self-lubricating condom - click to expand

Goodyear announces increase in quarterly dividend to 16 cents per share - click to expand

Global rubber transmission belt market forecast to reach $4.41 billion by 2025 - click to expand

Thursday, October 18, 2018

AkzoNobel Specialty Chemicals is now Nouryon - click to expand

Indian researchers attempt breeding dual use rubber clones for latex and pulp - click to expand

Isoprene rubber latex market forecast to grow at a CAGR of 7 percent through 2025 - click to expand

Session on natural rubber and its future to be held during EU Raw Materials Week - click to expand

Rubber process oil market is projected to reach $2.33 billion by 2023 - click to expand

ARPM announces winners of third annual Educational Outreach Contest - click to expand

Wednesday, October 17, 2018

Global styrene butadiene rubber market forecast to reach $14.75 billion by 2026 - click to expand

2018 Winthrop Sears Medal awarded to Dr. George Corbin of Solvay Specialty Polymers - click to expand

Apollo Tyres promotes Benoit Rivallant to president of its European operations - click to expand

PolyOne opens state-of-the-art thermoplastic elastomer production line in India - click to expand

Vietnam ranks third in natural rubber exports - click to expand

Tuesday, October 16, 2018

Bridgestone Sports uses tire technology to create new line of golf shoes - click to expand

Goodyear introduces Roll by Goodyear shopping and installation experience - click to expand

Kraiburg TPE to unveil thermoplastic elastomer hybrid material at Fakuma 2018 - click to expand

Yokohama launches procurement policy for sustainable natural rubber - click to expand

Two of three Active Mineral plants resume operation after Hurricane Michael - click to expand

Isoprene rubber latex market forecast to reach $340 million by 2025 - click to expand

Monday, October 15, 2018

Mike Norman appointed Chief Commercial Officer at VMI - click to expand

Bridgestone to launch new low-friction elastic sliding bearings - click to expand

Toyo Tire wins 2018 Good Design award for its M925 snow tire - click to expand

Injection molding machine market is projected to reach $19.68 billion by 2023 - click to expand

Cooper Tire Europe announces closure of Melksham, England tire production facility - click to expand

Minnesota Rubber and Plastics to be acquired by the investment firm KKR - click to expand

Market Reports

Global rubber transmission belt market forecast to reach at $4.41 billion by 2025 - click to expand

Global solution styrene butadiene rubber market forecast to grow at CAGR of 9.2 percent through 2026 - click to expand

Rubber process oil market is projected to reach $2.33 billion by 2023 - click to expand

Isoprene rubber latex market forecast to grow at a CAGR of 7 percent through 2025 - click to expand

Global styrene butadiene rubber market forecast to reach $14.75 billion by 2026 - click to expand

Isoprene rubber latex market forecast to reach $340 million by 2025 - click to expand

Injection molding machine market is projected to reach $19.68 billion by 2023 - click to expand

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