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Global green tires market forecast at $178.07 billion by 2026

  8/14/2019 - New York, NY - The global green tires market is expected to reach $178.07 billion by 2026, according to a new report by Reports and Data. The growing awareness about environmental damage instigated by the inroads and cars is likely to add to the industry growth in the forecast period. Moreover, the cumulative amount of pollutants emitted by the automobile is damaging to the environment and human health. The application of green tires helps in tackling the increasing scarcity of natural petroleum reserves as well as reducing the pollution globally. Increasing demand for fuel-efficient tires is a significant factor estimated to stimulate demand in the forecast period. A rise in the price of gasoline and diesel is prompting a switch in the interest of automakers to green tires to improve the mileage of the automotive along with lower emissions. The green tire industry is composed of low rolling resistance tires along with the tires emerging from sustainable materials, is a significantly growing part of the global tire industry. The rapid growth of this industry is partly due to growth in the tire market itself, but mainly due to consumers increased interest in sustainability. Approximately one-fourth of the pollution is generated by an automobile to overcome the rolling resistance of its tires. In the U.S., an annual reduction of up to 45.0 million tons of CO2 emissions could be realized by the addition of precipitated silica to tire treads. Further, silica also significantly enhances a tire’s steering capability and responsive handling in various adverse weather conditions. These tires are also found to improve traction on icy roads. Further key findings from the report suggest that by raw materials, Silica incorporated rubber held a substantial market share in 2018. The high silica content permits the studded tire to attain low rolling resistance, thus reducing fuel consumption and harmful vehicular emissions. By vehicle type, commercial vehicles are expected to grow at a rate of 9.3 percent in the forecast period owing to the increasing need to improve fuel efficiency to reduce operational cost. By region, the Europe region contributed to the largest share in 2018 and is expected to grow at a rate of 10.7 percent in the forecast period. The dominance of this region may be attributed to the increasing vehicle production and sales and per capita increase in income. By country, Germany contributes to the largest share in the Europe green tire segment, chiefly due to the large existing fleet of passenger vehicles in the country. It is one of the significant exporting hubs for automobile producers and is popular across the globe for its high-quality automobile production. Key participants include Bridgestone, Continental, Michelin, Goodyear, Hankook, Pirelli, Kumho, ZC Rubber, Nokian and Cheng Shin Rubber, among others.

Tuesday, July 7, 2020

Conductive Silicone Rubber Market is estimated to reach $8.68 Billion by 2026 - click to expand

Safic-Alcan opens South African subsidiary - click to expand

Halcyon Agri receives $25 million sustainability-linked loan from Deustsche Bank for rubber plantations - click to expand

Arlanxeo goes virtual for its first global Technical Marathon - click to expand

Lianda launches new website in preparation for 25th anniversary - click to expand

Bridgestone donates emergency response trailer to Wilson County, Tennessee - click to expand

Monday, July 6, 2020

Cabot Corporation publishes 2019 Sustainability Report - click to expand

Cooper Standard’s Fortrex technology enables PolyOne launch of next-generation elastomer - click to expand

Cooper Tire adds winter drive tire RM258 for regional haulers - click to expand

Pirelli introduces tire with temperature adapting compound - click to expand

Bridgestone wins trademark dispute against Brazilian retread company New Tyre - click to expand

Friday, July 3, 2020

Book of the Day - Resistance and Stability of Polymers - click to expand

Trinseo announces 2030 sustainability goals - click to expand

Michelin hires eight youth apprentices for full-time positions at Starr, SC, facility - click to expand

Lanxess to hold virtual annual stockholders' meeting August 27 - click to expand

Dow launches MobilityScience platform - click to expand

Thursday, July 2, 2020

Global silicone coating market forecast with a CAGR of 7 percent - click to expand

Siempelkamp announces departure of CEO Christoph Michel - click to expand

Repligen to acquire Engineered Molding Technology - click to expand

Bosch Rexroth hosts free virtual Explore the Factory of the Future event - click to expand

Royal DSM appoints Zhou Tao as DSM China president - click to expand

PolyOne launches OnColor WC Choice for wire and cable applications - click to expand

Trinseo strengthens CASE team with two new hires - click to expand

Wednesday, July 1, 2020

Global thermoplastic elastomer market forecast with a CAGR of 5.6 percent through 2025 - click to expand

Bridgestone teams with Microsoft on intelligent tire monitoring system - click to expand

Hankook Tire named GM Supplier of the Year by General Motors - click to expand

Nokian Tyres invites drivers to enter their favorite road trips - click to expand

Total Cray Valley introduces aliphatic resin - click to expand

Rubber Division and Endurica partner on rubber industry training opportunities - click to expand

Tuesday, June 30, 2020

Stahl partners with CHAMPION project to replace conventional polymers - click to expand

Safic-Alcan extends distribution partnership with Momentive Quartz Technologies - click to expand

Cabot completes placement of all major air emission control equipment at Louisiana site - click to expand

Global OTR tire market anticipated to reach $26.4 billion by 2027 - click to expand

Bridgestone announces voluntary salary reduction for Japan-based corporate officers - click to expand

Kuraray America, Inc. launches nonprofit corporation to support its communities - click to expand

Market Reports

Global fluoroelastomer market forecast at $1.8 billion by 2025 - click to expand

Global automotive flooring markets forecast at $1.32 billion by 2027 - click to expand

Global OTR tire market forecast to reach $8.14 billion by 2026 - click to expand

Conductive Silicone Rubber Market is estimated to reach $8.68 Billion by 2026 - click to expand

Global silicone coating market forecast with a CAGR new 7 percent - click to expand

Global thermoplastic elastomer market forecast with a CAGR of 5.6 percent through 2025 - click to expand

Global OTR tire market anticipated to reach $26.4 billion by 2027 - click to expand

Global pressure sensitive adhesives market forecast to reach $12.8 billion by 2025 - click to expand

Outlook for the rubber economy in the face of Covid-19 - click to expand

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