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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.

Friday, October 18, 2019

Struktol's additives and technical solutions showcased on redesigned website - click to expand

CPI announces two distinguished leadership award winners - click to expand

Solvay’s Veradel PESU line in India comes on-stream - click to expand

Michigan Rubber Group announces November technical meeting - click to expand

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

CPI survey reveals strength of polyurethanes across U.S., Canada and Mexico - click to expand

Thursday, October 17, 2019

Center for the Polyurethanes Industry announces winner of the 2019 Polyurethane Award - click to expand

Lanxess introduces a vulcanization accelerator for all types of rubber - click to expand

ARPM unveils training module: Job Setup and Production Flow - click to expand

Dow expands Nordel EPDM portfolio - click to expand

Global agricultural tire market forecast at $7.5 billion by 2024 - click to expand

Wacker presents liquid and solid silicone rubber grades with enhanced product and processing properties - click to expand

Goodyear declares quarterly dividend - click to expand

Wednesday, October 16, 2019

Michelin introduces Endurance XT Silicone Beam wiper blade - click to expand

Adhesives and sealants market forecast to reach $73.8 billion by 2024 - click to expand

Huber Engineered Materials nearly completes Martinswerk expansion - click to expand

K Show 2019 opens today in Dusseldorf - click to expand

Gerlach opens office in Albuquerque, NM, to better serve North American market - click to expand

Arlanxeo illustrates the future of mobility solutions at K2019 - click to expand

Hexpol TPE launches circular TPEs at K2019 - click to expand

Tuesday, October 15, 2019

Michelin announces sport touring tire line-up for motorcycles and scooters - click to expand

Global automotive mold market expected to grow at a CAGR of over 7 percent through 2024 - click to expand

Orion Engineered Carbons appoints Lorin Crenshaw chief financial officer of the Orion group - click to expand

Collaboration brings new colors to Dow’s 3D-printable liquid silicone rubber - click to expand

Mid Atlantic Rubber and Plastics Group holds educational symposium in November - click to expand

Braskem's Delta PP plant remains on target for completion by first quarter of 2020 - click to expand

Monday, October 14, 2019

Toyo Tire U.S.A. Corp. to promote Michael Graber to VP of Sales - click to expand

The Philadelphia Eagles and Braskem announce results from 2018-2019 STEM Scholars Program - click to expand

Michelin recognized by EPA with 2019 SmartWay award - click to expand

Cabot Corporation receives fourth consecutive gold-level rating from EcoVadis - click to expand

Dunlop SP Sport Maxx run-flat tire chosen as factory standard for Lexus LS - click to expand

Yokohama Tire launches two new premium winter tires - click to expand

Market Reports

CPI survey reveals strength of polyurethanes across U.S., Canada and Mexico - click to expand

Global agricultural tire market forecast at $7.5 billion by 2024 - click to expand

Adhesives & sealants market forecast to reach $73.8 billion by 2024 - click to expand

Global automotive mold market is expected to grow at a CAGR of over 7% through 2024 - click to expand

Silicone surfactants market forecast to reach $2.5 billion by 2024 - click to expand

Global silicone elastomers market forecast with a CAGR of 6.2% through 2024 - click to expand

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