Cooper Tire and Sailun Vietnam celebrate first tire at joint venture plant
12/3/2019 - Findlay, OH - Cooper Tire & Rubber Company and Sailun Vietnam Co., Ltd. recently celebrated production of a first tire at ACTR, their joint venture (JV) facility located near Ho Chi Minh City, Vietnam. Cooper owns 35 percent of ACTR, which will produce truck and bus radial (TBR) tires for global markets. The ceremonial first tire was the centerpiece of a special event held at the facility on November 18 to celebrate construction of the plant. The plant is expected to be operational and producing tires on a commercial level by early 2020. At full capacity, production is expected to be approximately 2 million tires annually. “Cooperation between Cooper and Sailun has been outstanding, and we thank our partner Sailun for working so closely with us over the past several months to construct this facility,” said Brad Hughes, Cooper president and chief executive officer. “This is another important step in Cooper’s strategy to expand and diversify our TBR production globally, giving us additional capacity to supply quality Roadmaster TBR tires to customers worldwide.” Zhongxue Yuan, chairman and president of Sailun Group Co. Ltd., said, “ACTR is a highly modern tire production facility with the latest technologies to drive quality and efficiency. We thank Cooper and all of those involved in the construction of the facility for their excellent support and cooperation. We look forward to many years of successful operation together with Cooper at ACTR.”
Monday, December 16, 2019
Global automotive tires market is expected to grow at a CAGR of 8.22% through 2024 - click to expand
12/16/2019 - Pune, India - The global Automotive Tires market is expected to grow at a CAGR of 8.22%, during the forecast period, 2019-2024 according to www.marketinsightsreports.com
Bridgestone Corp., Continental Automotive AG, Cooper Tire & Rubber Company, Goodyear Tire & Rubber Company, Hankook Tires Group, Michelin Tires, MRF (Madras Rubber Factory Limited), Pirelli & C SpA, Apollo Tires, Yokohama Rubber Co. Ltd.
The demand for retreading of tires is increasing at a significant rate. The retreading of tires helps to reduce the operating cost significantly in the aftermarket, as it helps to prevent the tires from a complete replacement, and thereby, is a cost-effective option. The casings can help to provide multiple life cycles, resulting in significant cost saving, especially for the commercial fleet operators.
Additionally, there is an emerging trend in the market, which is expected to act as an opportunity for the growth of the market. For instance, increased use of bio-oils in the manufacturing process of tires, are expected to boost the growth, owing to rising demand for the ecological tire manufacturing process. Orange oils, extracted from orange peels, are used in the process to help reduce the amount of petroleum used in tires.
A tire is the most crucial part of a vehicle. It supports the weight of the vehicle, transmits vehicle propulsion, and braking, and reduces the impact of weird road conditions and at the same time, helps to maintain the vehicles direction. The tire manufacturers need to consistently modify their production technology and introduce new products in the marketplace to support the increasing demands, especially from the OEMs and consumers.
The demand for luxury cars has been rising at a fast pace, over the past five years.
These luxury and sports cars require high-performance tires to deliver exceptional performance and fuel efficiency.
In the past five years, the demand for luxury cars in India, and China has increased rapidly. The consumer preference for luxury cars, as a status symbol, has resulted in more demand for luxury cars. China has experienced the highest growth for luxury cars.
Companies, such as Michelin has been designing high-performance tires OEMs, such as BMW, Porsche, Chevrolet Corvette, Ferrari, and Ford. The company has launched several tires under its Pilot series, which deliver high performance for sport and luxury cars in all weather conditions.
In January 2019, General Motors introduced the all-new 2020 GMC Sierra Heavy Duty with a longer wheelbase, taller hood line, and taller overall height than the current model. The new Sierra Heavy Duty features an enhanced ProGrade Trailering system, with 15 camera views, including a segment-first transparent trailer view to virtually see through a trailer in tow.
Audi was one of the major manufacturers of luxury cars, in November 2018, Audi announced that it has selected Toyo Tires & Rubbers TOYO CELSIUS CUV A tire for the “Audi Q8, a new SUV model that Audi will begin selling in the North American market. The product was developed based on an all-season tire for SUVs that the company has rolled out in the North American market.
Subaru announced that the Subaru BRZ, which was launched in 2017, was equipped with high-performance tires, provided by Michelin. The previous BRZ models tire had loose grip and poor stability. The new installation allows smoother and less intrusive intervention.
Tire manufacturers are continually investing in R&D for manufacturing high-performance tires for luxury and sports cars that deliver high performance, better traction, and fuel efficiency. Additionally, with new luxury models being launched continually, the demand for high-performance tires for high-end cars are expected to increase, in turn, propelling the growth of the market.
Hundreds take buyout at Goodyear's Gadsden, AL plant - click to expand
12/16/2019 - Gadsden, AL - More than 700 employees will be taking buyouts at Gadsden’s Goodyear Tire & Rubber Co. plant. The Gadsden Times is reporting that the buyouts will take effect December 20. Corporate and union officials said 740 employees are taking part. The plant will continue to operate at reducing staffing levels. In September, the company announced voluntary buyouts as part of the company’s strategy to “strengthen the competitiveness of its manufacturing footprint by curtailing production of tires for declining, less profitable segments of the tire market.” “Based on a prior agreement with the United Steelworkers and as provided for in its collective bargaining agreement, Goodyear has accepted and will process voluntary buyouts for 740 union associates at the Goodyear-Gadsden plant,” operations and non-wired communications manager, Barbara Hatala, said in a statement. Goodyear has operated a tire plant in Gadsden since 1929. In 2015, the company said about 1,500 people were employed at the plant. That was the same year the company began a $30.1 million expansion of the factory.
Global emulsion polymers market size expected to reach $53.7 billion by 2025 - click to expand
12/16/2019 - Dublin, Ireland - The global emulsion polymers market size is expected to reach $53.7 billion by 2025, rising at a market growth of 5.7 percent CAGR during the forecast period, according to ResearchAndMarkets.com. Emulsion polymerization is a kind of radical polymerization that generally initiates with an emulsion including monomer, water and surfactant. The most familiar kind of emulsion polymerization is an oil-in-water emulsion, with emulsified monomer droplets. The method is used to produce polymers with high molecular weight and little viscosity. With the growth in automotive market, the demand for automotive paints and coatings is also expected to rise. Hence, the growing use of automotive coatings and paints is expected to contribute the market significantly. Raising concern for the environment and its safety, government bodies across regions, including the Environmental Protection Agency (EPA), are focusing to make the industries more reliant on green products, thereby minimizing hazardous influence on the environment and surroundings. In order to control the emissions of hazardous chemicals such as styrene, methyl chloride, toluene and acrylonitrile, the regulatory authorities have started the Clean Air Act, thereby giving opportunity to water-based emulsion polymers. Based on application, the market is segmented into paints and coatings, paper and paperboard coatings, adhesives and other applications. Based on product, the market is segmented into acrylics, styrene-butadiene latex, vinyl acetate polymers and other products. Among the various product types, acrylics are predicted to be the segment exhibiting high growth in the coming years and can be attributed to rising demand for the product, especially for application in adhesives, super absorbent polymers and sealants market segments. An upsurge in construction projects in emerging regions is expected to fuel the demand further. The major strategies followed by the market participants are product launches and partnerships and collaborations. Based on the analysis presented in the cardinal matrix, BASF SE, The Dow Chemical Company and Asahi Kasei Corporation are some of the forerunners in the emulsion polymers market. Companies such as Celanese Corporation, Wacker Chemie AG, Arkema S.A., Synthomer PLC, Triseno S.A., DIC Corporation and Specialty Polymers, Inc. are some of the key innovators in the emulsion polymers market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wacker Chemie AG, Synthomer PLC, Trinseo S.A., Specialty Polymers, Inc., DIC Corporation, The Dow Chemical Company, BASF SE, Arkema S.A., Asahi Kasei Corporation and Celanese Corporation.
Fraunhofer IAP and KETI strengthen cooperation on high-performance polymer materials - click to expand
12/16/2019 - Potsdam, Germany - The Korea Electronics Technology Institute KETI and the Fraunhofer Institute for Applied Polymer Research IAP in Potsdam will work even closer together in the field of polymer research. On December 10, the Korean Minister of Commerce, Industry and Energy, Sung-Ho Moo, and the KETI president, Dr. Yongsam Kim, visited the Fraunhofer IAP to seal the expansion of the collaboration with a memorandum of understanding (MoU). With a MoU between KETI and the Fraunhofer IAP, the two research institutes are consolidating the long-standing relationship between Korea and the state of Brandenburg. KETI and Fraunhofer IAP have been working together on the latest display technologies for more than 10 years. Among other things, the partners are developing cadmium-free quantum dots, which have become indispensable in the manufacture of displays due to EU regulations (RoHS directive). With the signing of the MoU, the cooperation is to be expanded to other research areas of the Fraunhofer IAP, such as new fiber and processing technologies. In the field of high-performance polymeric materials, there will be even more projects in the future with KETI and other Korean research institutions, as well as industry. "It is not self-evident that partners over such a long period of time and over such a long distance successfully cooperate with each other in order to tackle global issues of the future," explained Professor Alexander Böker, the head of the Fraunhofer IAP. “We are very pleased that the cooperation with Korea is greatly expanded at all levels, also beyond the industrial cooperation with KETI. This applies, for example, to relationships with Korean universities or the exchange of scientists,” said Böker. Brandenburg Economic Development Manager Sebastian Saule also underlines the importance of close cooperation between Korea and the State of Brandenburg.
Troester will exhibit at Tire Technology Expo 2020 in February - click to expand
12/16/2019 - Hannover, Germany - A team of Troester specialists will be present at Tire Technology Expo 2020 to explain the latest technological developments and to answer questions. Troester is said to be well known as a reliable extrusion partner and source of know-how for all major tire companies, but also a favorite choice for medium-sized and local tire producers, worldwide. Troester offers an extended range of standard and custom-designed systems for extrusion and calendering of tire components. Combining forces with the recently acquired extrusion technology from HF, the new Troester Hamburg branch widens the overall portfolio. Innovative extrusion lines for tread, sidewall, innerliner, apex and other profiles can also be offered as turn-key systems including downstream equipment and line control. The focus of Troester is to generate maximum benefit for their customers’ needs. In order to emphasize the advantages of being a system supplier, Troester also offers direct exchange with their service experts during the three-day event. Troester's sales team includes Stefan Böttcher, Lutz Herrmann, Kai Hachmeister, Jan Harting and Paul Treigel. The service team will include Ingo Zipreß and Benjamin Hubert at Booth No. 7036, Hall 21. Tire Technology Expo 2020 will be held on February 25-27 in Hannover, Germany.
New Goodyear blimp exhibit debuts at College Football Hall of Fame - click to expand
12/16/2019 - Atlanta, GA - The Chick-fil-A College Football Hall of Fame will unveil a first-of-its-kind exhibit that brings to life the Goodyear Blimp’s nearly 65-year history in college football. The Goodyear Blimp, a staple at college football’s biggest competitions, was honorarily inducted into the College Football Hall of Fame this year as the first non-player or coach to receive the honor.
Open to the public starting Dec. 13, the Goodyear Blimp exhibit will give fans an exciting new way to experience a college football game day. The interactive exhibit space will feature actual blimp artifacts, including an original broadcast window, video footage from some of the sport’s most exciting matchups, and more.
“The Goodyear Blimp is intrinsically tied to the history and traditions of college football, and through this exhibit, we’re offering fans a chance to experience the game in a way only this iconic airship could provide,” said Dennis Adamovich, CEO of the Chick-fil-A College Football Hall of Fame. “It’s only fitting that in its honorary induction year, we unveil an exhibit that celebrates the blimp’s legacy, which has revolutionized the way fans experience the game they love.”
Resembling the Goodyear Blimp’s gondola (the space below the blimp that holds the passengers, crew and engine), the interactive exhibit offers “Blimp View” on-demand, where fans can experience aerial views of college football’s most iconic stadiums. The blimp’s LED screen will display personalized messages for fans, and guests can watch aerial footage of marquee games dating from the 1950s to present day.
“Goodyear is honored to showcase this exhibit, which is emblematic of our more driven approach to everything we do,” said Todd Macsuga, Goodyear’s general manager of Brand Marketing. “We take great pride in being a leader of firsts, and the blimp’s presence in college football has allowed us to be a leader in this area, bringing fans closer than ever to the sport. We look forward to driving innovation in aerial coverage for years to come.”
What started as a request from network television to provide aerial coverage for the 1955 Rose Bowl Parade and Rose Bowl game telecasts has turned into a long-standing commitment to college football coverage. Since then, the blimp has covered more than 2,000 sports and entertainment events, from the Rose Bowl to the Cotton Bowl and many games in between. The Goodyear Blimp also achieved major broadcast “firsts” along the way, including being the first to provide aerial coverage of a major sports event and the first to deliver high definition live video from an aerial platform to a national sports game.
“With thousands of great players and games that the Goodyear Blimp has witnessed as college football’s eye in the sky, its impact on the sport’s pageantry and tradition is palpable,” said Kirk Herbstreit, former college football player and current ESPN analyst. “It’s great that the College Football Hall of Fame is preserving the blimp’s legacy for current and future fans.”
Friday, December 13, 2019
Global elastomer coated fabrics market forecast at $12 billion by 2024 - click to expand
12/13/2019 - New York, NY - The global elastomer coated fabrics market is expected to exceed more than $12.0 billion by 2024 at a CAGR of 4 percent in the given forecast period, according to the latest report from www.marketresearchengine.com. The scope of the report includes a detailed study of global and regional markets on the elastomer coated fabrics market with the reasons given for variations in the growth of the industry in certain regions. The report covers a detailed competitive outlook, including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Low & Bonar PLC (Mehler Texnologies) India, SRF Limited (India), Continental AG (Germany), Omnova Solutions Inc. (U.S.), Takata Corporation (Japan), Seaman Corporation (U.S.), Serge Ferrari (France), Spradling International, Inc. (U.S.), Sioen Industries NV (Belgium) and Saint-Gobain S.A. (France). Company profiles include information such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments. The global elastomer coated fabrics market is segmented on the basis of product analysis, application analysis and regional analysis. By product analysis, this market is segmented on the basis of silicones, thermoplastic olefin, thermoplastic polyurethane and rubber segments. By application analysis, this market is segmented on the basis of transportation, protective clothing, industrial, roofing, awnings and canopies, furniture and seating, and others. By regional analysis, this market is segmented on the basis of North America, Europe, Asia-Pacific and rest of the world.
Book of the Day: Rubber & Tire Technology, Volume 1 - click to expand
12/13/2019 - Akron, OH - Rubber World has compiled a compendium of rubber and tire technology articles that were published in Rubber World and Rubber & Tire Digest magazines, featuring 36 articles covering every aspect of rubber and tire technology; chemicals and materials; natural rubber; molding, extrusion and mixing; machinery and equipment, tire technology; and instrumentation and testing. The softback book is available for $35 plus shipping and handling in the Rubber World bookstore.
Wittmann Battenfeld delivers 40,000th molding machine manufactured at Austrian plant - click to expand
12/13/2019 - Richmond Hill, Ontario, Canada - Injection molding machine maker Wittmann Battenfeld hit a milestone recently, delivering the 40,000th machine manufactured at its plant in Kottingbrunn, Austria. The unit, a MacroPower 850, was delivered to the Eschwege, Germany, molding plant of Stiebel Eltron GmbH, a molder of products for the household technology sector. The new machine is the fifth machine from Wittmann’s MacroPower series to be installed at Stiebel Eltron’s Eschwege facility, and approximately the 14th Wittmann machine at the plant. Wittmann has been supplying machines to Stiebel Eltron for more than 30 years. Stiebel Eltron’s Eschwege plant molds parts for small appliances such as small storage heaters, hand dryers, electric kettles and quick-response heaters. The company uses standard injection molding, as well as special processes, such as two-component injection molding, film insert molding and injection embossing. The Wittmann latest machine, which was commissioned in July 2019, is a MacroPower 850/5100 with 8,500 kN clamping force. “The machines from the MacroPower series stand out by their compact footprint, high energy efficiency, minimal locking and pressure build-up times, as well as easy mold insertion,” Wittmann said in a statement.
Cooper Tire's Tread Wisely program helps young drivers prepare for safe winter driving - click to expand
12/13/2019 - Findlay, OH - Winter months bring lower air temperatures and icy road conditions that can complicate driving, especially for young drivers. Cooper Tire’s Tread Wisely program, a tire and vehicle safety campaign for teens and young adults, offers tips to help them stay safe on the road. “Winter weather can require extra attention and quick response when driving, and the cold temperatures can also impact tire care,” said Bill Geaman, Cooper’s manager of consumer relations. “Outside temperatures can impact tire pressure by one pound per square inch (psi) for every 10-degree drop in temperature. Because even a small drop in tire pressure may alter a vehicle’s safety, it is very important to pay extra attention to your tire pressure during extreme temperatures.” To check tire pressure, find the car’s ideal air pressure listed on the sticker inside the car door, glove box, fuel door or in the car’s manual. Remove the tire’s valve cap and press a tire gauge firmly onto the valve stem. The end of the tire pressure gauge will pop up and show the psi reading of the tire. If this number matches the recommended tire pressure, it is good to go. If the number is lower than the recommended tire pressure, the tire is under-inflated. If the reading on the gauge is higher than the pressure recommended for the car, some air needs to be released. Videos showing how to check tire pressure and perform other tire safety checks are available on the free Tread Wisely mobile app, which can be downloaded from the App Store (iOS) or Google Play Store (Android). To learn more about Tread Wisely, visit www.treadwisely.org.
Greene Tweed participates in MidAtlantic Rubber and Plastics Group educational symposium at Lehigh University - click to expand
12/13/2019 - Kulpsville, PA – Greene Tweed announces it played a key role at the MidAtlantic Rubber and Plastics Group (MARPG) 2019 Educational Symposium, held at Lehigh University in Bethlehem, PA, on November 14. Greene Tweed project manager and Lehigh University alumni, Bruce Rhoades, chair of the MARPG, part of the Rubber Division of the American Chemical Society, which promotes personal relationships among those in education, polymer manufacture, suppliers of raw materials and producers of rubber products, participated in the meeting. The regional network aids in technical problem solving and also offers scholarships, sponsorship opportunities and social networking events for STEM and business majors. The symposium, “Plastics and elastomers: Meeting challenges in the traditional and renewable energy industry,” featured sessions on such topics as different nitrile elastomers in downhole drilling applications, the effect of biodiesel fuel on peroxide curable fluoroelastomers, comparison of low temperature tests for elastomers in energy applications and the role of fillers in PTFE compounds. Speakers included leading industry experts from Baker Hughes, 3M, AGC and ARDL. The symposium also included presentations by Lehigh University faculty and students. “This symposium was a wonderful forum for young professionals in the elastomers industry to learn and network,” said Rhoades. “Particularly for young scientists, this gathering offered crucial opportunities to meet with industry leaders and consider career options. Whether in the high-tech field or major emerging markets, the global demand for elastomers is growing and we want to make the best and brightest engineers aware of the exciting opportunities in the elastomer industry when considering the launch of their careers.”
Thursday, December 12, 2019
Medical injection molding market size worth $1.83 billion by 2026 - click to expand
12/12/2019 - San Francisco, CA - The global medical injection molding market size is anticipated to reach $1.83 billion by 2026, expanding at a CAGR of 4.0 percent during the forecast period, according to a report by Grand View Research, Inc. Factors such as rising demand for medical products, adoption of disposables and rapid technological advancements are anticipated to boost the growth. Asia Pacific dominated the regional market due to a rise in government spending and high demand for medical devices coupled with increasing demand for polypropylene in plastic injection molding components. Key market players are introducing technologically enhanced products to gain competitive advantage. For instance, in 2018, Milacron demonstrated its low-pressure injection molding process known as iMFLUX designed by Procter and Gamble. This technology uses highly consistent pressure to achieve up to 50 percent, resulting in a faster cycle and reduction in the weight of machine parts. Technological advancements are expected to drive the market growth. The ability to mold several raw materials through a medical injection molding process and increased energy efficiency of an injection molding machine have outperformed the traditional medical injection molding machines. Therefore, with technological advancements, the use of injection molding machines for producing medical devices is anticipated to witness growth. This process is used for manufacturing various devices such as cerebral simulators and implantable pacemakers.
Midwest Composite Technologies acquires ICOMold - click to expand
12/12/2019 - Hartland, WI - Midwest Composite Technologies has acquired ICOMold, an Ohio-based company specializing in injection molding. The acquisition was recently announced by CORE Industrial Partners, a Chicago-based private equity firm that owns MCT. The terms of the transaction were not disclosed. The ICOMold transaction follows the company’s September acquisition of Fathom, an on-demand digital additive manufacturer that combines 3D printing and traditional manufacturing technologies. “ICOMold’s unique technology drives a truly differentiated customer value proposition that has produced a quality reputation for industry-leading turnaround times and flexible, consultative customer service,” said Ryan Martin, MCT chief executive officer. ICOMold is a digital manufacturer of prototype and production parts across a variety of manufacturing technologies. While ICOMold is headquartered in Toledo, OH, the company also has a facility in Shenzen, China. The company’s molding processes include prototype and production tooling and molds, overmolding, insert molding and family molds. ICOMold also offers CNC machining across both metals and plastics, as well as urethane casting. MCT 3D prints parts help companies with new product development. CORE acquired MCT in 2018. Martin, a former GE Additive executive, joined MCT early this year as chief executive officer.
Silicone Elastomers and TPE World Summits abstract deadline is January 10 - click to expand
12/12/2019 - Akron, OH - The Smithers Silicone Elastomer Summit and Thermoplastic Elastomer Summit are bringing together experts to discuss the latest industry insights. Along with invited speakers, they are looking for thought leaders at the forefront of the industry to share their knowledge and solutions, and to lead discussions. Submit a presentation abstract by the deadline, January 10, 2020, for a chance to present. Topics of interest include, but are not limited to the future of elastomers; designing with elastomers; new manufacturing techniques; environmental and specific application testing; advanced product quality planning; 3D and 4D modeling of elastomers; medical and healthcare applications; automotive applications; consumer applications; and building and construction applications. Visit www.elastomer-forum.com for more information and to submit abstracts, or contact business development manager Shannon Siegferth to learn more: SSiegferth@Smithers.com.
Deadline for Rubber Division, ACS technical training and scholarship opportunities is March 1 - click to expand
12/12/2019 - Akron, OH - Rubber Division, ACS, offers a Rubber Technology Training Award for an individual already in the rubber industry seeking additional education and opportunities for advancement. Rubber Division also has scholarships available for students who wish to pursue a degree in rubber technology, polymer science or the chemical profession. In addition, local Rubber Groups and industry companies recognize and support the need for financial assistance in obtaining a college degree. The Rubber Technology Training Award provides a $1,250 stipend to rubber industry employees to allow them to attend the events at a spring or fall Rubber Division, ACS meeting in the year they are selected. Events include seminars/workshops, technical presentations, banquets, networking opportunities and expositions. A nomination letter from a Rubber Group is required for this award. Rubber Division, ACS offers two $5,000 Undergraduate Scholarships to students entering their junior or senior year for the fall-spring academic year. In addition, the former Connecticut Rubber Group offers a $5,000 Russell Mazzeo Memorial Undergraduate Scholarship. Applicants for these scholarships may have a major area study in chemistry, physics, chemical or mechanical engineering, polymer science or any other technical discipline relevant to the rubber industry. Each winner receives up to $5,000 to put towards educational expenses. Contact Heather Maimone, membership director, at hmaimone@rubber.org for more information or with any questions.
Global silicone market size forecast with a CAGR of 7 percent through 2024 - click to expand
12/12/2019 - Dublin, Ireland - The global silicone market size is expected to grow from $20.4 billion in 2019 to $28.6 billion by 2024, at a CAGR of 7 percent during the forecast period, according to ResearchAndMarkets.com. The silicone market comprises major solution providers, such as The Dow Chemical Company (U.S.), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd., (Japan), Elkem ASA (Norway), Momentive (U.S.), KCC Corporation (South Korea), Evonik Industries AG (Germany), Gelest Inc. (U.S.) and Innospec Inc. (U.S.). The study includes an in-depth competitive analysis of these key players in the silicone market, with their company profiles, recent developments and key market strategies. The silicone market is driven by various factors, such as high demand from industrial process, building and construction, transportation and electronics industries. The growth of these industries is likely to further propel the market during the forecast period. However, fluctuation in the raw material prices is likely to hinder the growth of the market. The silicone market has been segmented based on type into elastomers, fluids, resins and gels and other products. Among these types, the elastomers segment accounted for the largest share of the market in 2018 and is likely to witness significant growth during the forecast period. The market growth in this segment is attributed to its increasing use in various products, including voltage line insulators, cooking and baking; undergarments, sportswear and footwear; electronics; medical devices and implants; and in household gaskets and o-rings. Some silicone elastomers are also used in the manufacturing of sealants. Their physiological inertness makes them suitable for use in the healthcare industry, especially for blood transfusions and in artificial heart valves and various prosthetic devices. These factors are expected to drive demand during the forecast period. The industrial process segment is expected to hold the largest market share during the forecast period. It is growing rapidly due to the increasing demand for silicone materials in applications such as lubricants, anti-foaming agents in offshore drilling, paper production, industrial coatings and paint additives. Silicone-based sealants are used in demanding industrial processes requiring resistance to high pressure, temperature and corrosion, and adaptation to all types of surfaces. Not only are they used as polymers, but they can also be added to polymers from other materials to improve their performance. Silicones also provide higher durability and resistance in industrial coatings, as well as improved performance of lubricants. These factors are expected to drive the demand for silicone in the industrial process end-use industry during the forecast period. APAC is expected to register the highest growth during the forecast period due to the increasing usage of silicone in various end-use industries such as industrial process, building and construction, personal care and consumer products, transportation and electronics. China, India, Japan, South Korea and Australia are providing enormous opportunities for the silicone market due to the presence of a large manufacturing sector in these countries.
Wednesday, December 11, 2019
Kenneth L. Bloom appointed president of Hexpol Compounding Americas - click to expand
12/11/2019 - Malmö, Sweden - Hexpol AB has appointed Kenneth (Ken) L. Bloom as president of Hexpol Compounding Americas. Bloom succeeds Tracy Garrison who decided to leave the company. Bloom worked most recently at the acquired Preferred Compounding, where he successfully has been the CEO and president since 2006. Bloom holds a B.S. in Engineering and an MBA in Finance. As president of Hexpol Compounding Americas, Bloom will also be an important member of the Hexpol group management. "We are very happy to welcome Ken Bloom to Hexpol. Ken is an industry veteran and he has, since 2006, successfully developed Preferred Compounding and with a customer-centric approach significantly grown the company both organically and through acquisitions. With Ken's extensive experience from the rubber compounding industry and strong track record, I am confident that Ken will continue to develop Hexpol Compounding Americas in a successful way," said Mikael Fryklund, president and CEO of Hexpol. Bloom commented, "I am very fortunate and excited to join the Hexpol organization. Hexpol has an extremely talented and capable team that uniquely positions it to continue to be the "supplier of choice" to our valued customers. I look forward to leading this team and driving continued improvement in all parts of our business." Ken Bloom takes on his position as president of Hexpol Compounding Americas as of January 1.
Global plasticizers market forecast at $16.7 billion by 2024 - click to expand
12/11/2019 - New York, NY - According to the market research report published by P&S Intelligence, the global plasticizers market share was valued at $13,967.9 million in 2018, and it is expected to reach $16,700.6 million by 2024, witnessing a CAGR of 3.5 percent during the forecast period (2019–2024). Phthalate plasticizers accounted for more than 65.0 percent of revenue share in the global market in 2018, owing to the high demand for these in various end-use applications, including coatings, home appliances and flexible machine tools. During the forecast period, the demand for non-phthalate plasticizers is expected to witness the faster growth in the market. The growth of this product category is majorly driven by the increase in the demand for environmental-friendly plasticizers in the North American and European regions. In addition, the APAC plasticizers market is also in a transition phase, wherein the demand for non-phthalate plasticizers is expected to grow during the forthcoming period. The demand for plasticizers is growing at a significant rate, owing to their use as a raw material for the production of construction material, such as pipes and tubes, roof and wall insulation, and building interiors. In addition, the global construction industry has witnessed recovery and stable growth in the past five years, which has been mirrored by the increasing population and growing urbanization rate across the globe. In countries such as China, India and Brazil, the growing urbanization rate is expected to boost the plasticizer demand for producing building materials for cladding, roofing, flooring and several other construction applications, thereby driving the plasticizers market. On the basis of end-use, wires and cables held the largest market value share in the plasticizers market in 2018, and this category is expected to grow at a CAGR of 3.8 percent during the forecast period. This significant market value and growth rate are ascribed to the high end-use demand for wires and cables, which use flexible PVC for protection and insulation. Furthermore, the expected growth rate in the construction, healthcare, packaging and other industries is expected to generate a high plasticizer demand over the coming years. Geographically, Asia Pacific (APAC) dominated the plasticizers market, accounting for over a 60.0 percent share in 2018, in terms of both value and volume. This significant market size and predicted growth are attributed to the region's high-volume manufacturing industry, particularly automotive, chemicals, electrical and electronics, and construction, all of which use plasticizers to make the end product smooth and flexible. Thus, the wide usage of plasticizers in the region is projected to further boost the market growth over the coming years. The plasticizers market is highly dispersed in nature, and only one market player had a double-digit market share in 2018. UPC Technology Corporation was the largest player in the market, followed by BASF SE, in 2018. The Taiwan-based UPC Technology Corporation maintains a strong global presence via sales operations in Taiwan, China, Southeast Asia, Northeast Asia, South Asia, the U.S., Canada, the Middle East and New Zealand. With the continuously increasing demand for plasticizers, several other companies are coming up with several strategic plans, including mergers and acquisitions, facility expansions and new products. For instance, in October 2018, Perstorp Holding AB announced an expansion project for the production capacity of a non-phthalate polyester plasticizer, named Pevalen, which was expected to be initiated in 2019. This project will increase the production of plasticizers to 50,000 tons per year. The key players in the global plasticizers market include UPC Technology Corporation, BASF SE, Evonik Industries AG, Exxon Mobil Corporation, Eastman Chemical Company, Nan Ya Plastics Corporation, Mitsubishi Chemical Corporation, LG Chem Ltd., KLJ Group, Arkema SA, Perstorp Holding AB and Lanxess AG.
Toyo Tires to sell half its stock holdings in Bridgestone - click to expand
12/11/2019 - Tokyo, Japan - Toyo Tire Corporation announced that it intends to sell off half of the stock that it holds in Bridgestone Corporation, a company with which Toyo Tires has business and capital partnerships. Back in 2008, the two companies formed a capital partnership to help establish a strong relationship of trust. And now, Toyo Tires says, this capital partnership has successfully carried out its role here. Also cited as a reason for the sale is Japan’s revised corporate governance code, which entered into force on June 1 last year with the aim of reducing cross-shareholding between companies. Driven then by these factors, Toyo Tires and Bridgestone have agreed to sell off 50 percent of the shares that they own in each other. Toyo Tires and Bridgestone first agreed to their current business and capital partnerships on May 16, 2008. Under this agreement, Toyo Tires has held around 3.89 million common shares in Bridgestone, equivalent to 0.51 percent of the latter’s issued shares, while Bridgestone has held 10 million common shares in Toyo Tires, or around 6.49 percent. Over the 11 years since this agreement went into action, Toyo Tires and Bridgestone made effective use of their strengths and management resources to bring about synergy in a range of areas, including the development of tire production technologies, as well as the procurement of raw materials, other materials and equipment. Through this, the companies have managed to bolster their corporate value and build up a strong relationship of mutual trust.
XG Sciences and Perpetuus partner to supply graphene to the North American tire markets - click to expand
12/11/2019 - Lansing, MI - XG Sciences, Inc. announced it has entered into commercialization and license agreements with Perpetuus Advance Materials, a market leader in the production of dispersible, surface-modified graphene to optimize their performance in a range of matrices and end-use markets. The agreements provide the commercial framework allowing the two companies to more closely collaborate in the exclusive supply of functionalized graphene into the North American market and to also collaboratively develop applications for the global marketplace. Initially, the companies will focus efforts on elastomers, with an emphasis on tires and related applications, but may expand the relationship over time to include other markets and applications. Under the agreements, Perpetuus will locate one or more of its patented, plasma-based surfaces-modification production plants in the U.S. near one of XG Sciences’ graphene nanoplatelet production facilities. The collaboration contemplates both product development collaboration and high-volume commercial supply. First isolated and characterized in 2004, graphene is a single layer of carbon atoms. Among many noted properties, monolayer graphene is harder than diamonds, lighter than steel, but significantly stronger, and conducts electricity better than copper. Graphene nanoplatelets are particles consisting of multiple layers of graphene with unique capabilities for energy storage, thermal conductivity, electrical conductivity, barrier properties, lubricity and the ability to impart physical property improvements when incorporated into plastics, metals or other matrices. “We have been working with Perpetuus in various commercial and development efforts for the past several years. This agreement represents a key milestone in the commercial adoption of graphene and establishes XG Sciences and Perpetuus as marque players in the supply of graphene for use in tire elastomers and other applications,” said Dr. Philip Rose, CEO, XG Sciences. “The North American elastomer market, especially those used in tires is substantial. Perpetuus has unique technology with demonstrated performance enhancements when incorporated into tires. Tires will likely represent one of the breakout applications for graphene and we are now well-positioned with Perpetuus to deliver solutions to the elastomer market,” said Bamidele Ali, chief commercial officer, XG Sciences. “XG Sciences is a well-known leader in the graphene field and is an ideal choice with whom to partner to bring our technology to this important market,” said John Buckland, CEO, Perpetuus. “We are familiar with XG Sciences’ graphene nanoplatelets and we have been utilizing them as input materials to our patented, surface-modification process and supplying the resulting high-performance graphenes to both commercial and developmental customers in a range of applications and markets. It is a natural fit to partner our two Companies and leverage our respective capabilities to serve the North American market for elastomers,” said Ian Walters, director and COO, Perpetuus.
Goodyear elects Hera Kitwan Siu to board of directors - click to expand
12/11/2019 - Akron, OH - – Hera Kitwan Siu, chief executive officer, Greater China, for Cisco Systems, Inc., has been elected to the board of directors of The Goodyear Tire & Rubber Company. “We are pleased to welcome Hera Siu to the Goodyear board of directors,” said Goodyear Chairman, Chief Executive Officer and President Richard J. Kramer. “Hera is a dynamic and transformative leader who has spent her career breaking new ground, launching innovative go-to-market strategies and growing companies. As we continue to position Goodyear as a leader in the future of mobility, her extensive technology background and deep knowledge of the China marketplace will be extremely valuable to the company and its shareholders.” Since 2017, Siu, 59, has served as chief executive officer, Greater China, for Cisco Systems, a global technology leader that designs, manufactures and sells internet protocol-based networking and other products related to the communications and information technology industry. She joined Cisco in 2016 as the chief operating officer for the company’s business in China. In addition to her work at Cisco, Siu has a long and successful career of leadership in fields that include technology, telecommunications, enterprise software and education. From 2014 to 2016, she served as the senior vice president and managing director, Greater China, for Pearson, LLC, a global education company that leverages technology to enhance teaching and learning. Before that, Siu served four years at SAP, the global software and data processing firm, first as senior vice president, then president, of the company’s business in China and Hong Kong and later as senior vice president of e-commerce. Beginning in 1988, Siu held positions of increasing responsibility and leadership for companies including Nortel, Inc., Hong Kong Telecom, Ltd., Computer Associates, Inc. and Nokia Telecommunications, Ltd. Born in Shanghai, Siu finished high school in Hong Kong and earned her bachelor’s degree in finance and her MBA from the University of Nevada. She is a member of the board of directors for The Learning Lab and the Hong Kong Applied Science and Technology Research Institute.
Tuesday, December 10, 2019
AirBoss welcomes David Camilleri to board of directors - click to expand
12/10/2019 - Newmarket, Ontario, Canada - AirBoss of America Corp. announced that it has appointed David Camilleri to its board of directors, effective December 9. “David brings two-plus decades of advanced manufacturing, strategic growth and operational experience in both the rubber compounding and anti-vibration segments to his new role on AirBoss’ board,” said Gren Schoch, chairman and CEO of AirBoss of America Corp. “His industry-specific expertise will provide additional valuable perspective as we work to grow our core Rubber Solutions business, as well as diversify our Anti-Vibration segment into new sectors adjacent to our current product offering focused on SUVs, light trucks and minivans.” Camilleri is a senior business executive with extensive experience in the rubber compounding, anti-vibration, automotive and aerospace/defense industries. He has over 25 years in the advanced manufacturing space and was most recently the president of Noranco, vice president of Canada/Mexico Aerostructures at Precision Castparts Corp., a Berkshire Hathaway company. Prior to that, Camilleri was president and CEO of Noranco, an integrated manufacturer and solutions provider to the international commercial and military aerospace sectors, with operations in Canada, the United States and Mexico (ultimately acquired by PCC). Prior to that, Camilleri held progressively senior positions with Cooper Standard Automotive, including director of operations for both the Noise and Vibration and North American Compounding Divisions. Since 2017, Camilleri has been an operating advisor to Onex Partners, the private equity platform for Onex Corporation, and going forward will advise ATL Partners, a PE firm with focus on the global aerospace, transportation and logistics sectors. Camilleri is also a director of two private companies, Advanced Integration Technology and Laker Energy, as well as a director of Nutrition for Learning, a charity local to the Kitchener Waterloo region. Camilleri graduated in business administration at Wilfred Laurier University, and holds an MBA from Athabasca University.
Toyo Tire launches the Nanoenergy M176 truck and bus tire - click to expand
12/10/2019 - Tokyo, Japan - Toyo Tire announces plans to launch the Nanoenergy M176, a ribbed truck and bus tire that is able to reduce rolling resistance by around 9 percent, and in turn improve fuel efficiency when compared to the company’s existing products. The new tire is set to hit the Japanese market in January. Making use of proprietary process technology, Toyo Tires previously developed what it calls its Nano Composite Polymer, which is able to reduce energy loss in rubber compounds by approximately 20 percent. This polymer is now set to be employed in a Japanese market product for the first time in the form of the Nanoenergy M176. By incorporating this proprietary polymer in the tire’s tread base and tread cap, these being the parts that contribute most to reducing a tire’s rolling resistance, Toyo Tires has been able to give the Nanoenergy M176 excellent fuel efficiency while also maintaining a high level of wear resistance. The new tire also makes use of Toyo Tires’ “e-balance,” a proprietary basic technology for truck and bus tires that helps to improve and balance fundamental performance characteristics such as economy, durability, fuel efficiency and eco-friendliness.
GRI acquires Australian industrial tire specialist Axis Tyres - click to expand
12/10/2019 - Colombo, Sri Lanka - GRI has acquired industrial tire specialist Axis Tyres in Australia. The acquisition is focused on the forklift segment of Axis Industrial Tyres Pty. Ltd. in Australia. It includes the four branches of Axis in Altona and Braeside in Melbourne, the Sydney branch and the branch in Adelaide. GRI adds these four Axis branches to its own branch in Brisbane, thereby strengthening its presence in industrial tires and service in Australia and creating a national footprint. “This venture has further expanded GRI’s global industrial tire service network and will achieve our goal of increasing distribution channels in Australia and getting closer to our customers at a national level. GRI will now be able offer our high-performance material handling tires to forklift companies and operators across Australia,” stated Prabhash Subasinghe, managing director of GRI. Axis Tyres, which is a subsidiary of Tradefaire International Pty. Ltd., was founded by James Saunders in 1992, and operates in many business segments including forklift tires, truck tires, agriculture tires and off-the-road tires. Its operations span over several locations in Australia. “With a strong growth strategy at our core in all the segments that we operate, GRI acquired Axis Tyres to strengthen our reach in Australia. We were already established in Brisbane, offering superior tires and service in that state. With this acquisition, GRI is now able to offer this service excellence also in Melbourne, Sydney and Adelaide,” said Dr. Mahesha Ranasoma, CEO of GRI. GRI will elevate the level of service and the quality of tires that Axis has been offering to its loyal customers across Australia. GRI will also work with other distribution and service partners to provide a compelling offering to all national accounts. GRI continues to grow not only in the material handling tire segment, but also in agriculture tires and construction tires. Having built a strong reputation in material handling tires since 2002, GRI embarked to produce a compelling range of agriculture and construction tires in Sri Lanka. GRI built an advanced factory, with some of the best tire building machines and started production in April 2018. In just over 18 months, GRI has launched over 200 new products from its Advanced Specialty Tire factory. GRI is a leading producer of specialty tires from Sri Lanka with offices in nine countries and sales in over 50 countries around the world. GRI produces high-performance agriculture, construction and material handling tires.
ARPM releases annual wage and salary report - click to expand
12/10/2019 - Indianapolis, IN - The Association for Rubber Products Manufacturers (ARPM) recently released its 2019 Wage and Salary Report. ARPM conducted this keystone study that analyzes information on over 60 job titles specific to the rubber industry, as well as additional operational benchmarks. The 2019 report covers job titles in multiple areas of a rubber business, including, but not limited to, administration, technical, operations and management. Participants in this survey included over 250 U.S. polymer manufacturing companies who reported wage and salary information on employees in current job positions. ARPM’s Wage and Salary Report has evolved each year to encompass new job titles, as well as important industry and business trends within the rubber industry. This report remains one of the very few compensation reports dedicated exclusively to the rubber manufacturing industry. The 2019 report contains comprehensive analyses on nearly 60 different job classifications from rubber processing facilities across the United States. The data in this report represent nearly 44,450 full-time and 2,615 part-time employees. “Especially at this time of year, companies need accurate and comprehensive data to ensure they make informed and data-driven decisions in regard to compensation packages and payroll budgeting. This report allows companies across the United States of all sizes to benchmark positions and determine competitive market salaries to attract and retain talent,” said Ashley Turrell, ARPM’s membership and analytics director. For more information or to purchase this report, visit www.ARPMinc.com.
Steelastic names James Vogel president - click to expand
12/10/2019 - Cuyahoga Falls, OH - Steelastic has named Jim Vogel as its new president. Vogel is a graduate of the United States Military Academy and served eight years on active duty in the U.S. Army. He has more than 20 years of commercial and leadership experience. Vogel most recently worked for General Electric where he was the general manager for two business units over the last eight years. “We believe that with Jim’s years of capital equipment experience and his commercial background, he will be an excellent fit for the Steelastic brand,” said Barb Philibert, president and CEO of Pettibone, LLC., a division of Heico, Steelastic’s parent company. Vogel replaces Steelastic’s former president, Ian Dennis. Ian will remain with Heico, transitioning to England in 2020 as operational excellence project manager.
Specialty hose market forecast to reach $2.3 billion by 2025 - click to expand
12/10/2019 - Detroit, MI - Stratview Research announces the launch of a new research report on the specialty hoses market. The specialty hoses market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of $2.3 billion in 2025. The key factors driving the market for specialty hoses are organic growth of the steel and chemical industries along with expected expansion of the automobile sector; excellent heat- and abrasion-resistant properties of specialty hoses make them a suitable claimant for the conveyance of aggressive chemicals and hot oil products; the rapidly expanding industrial sector in the emerging economies is providing new avenues for the players in the specialty hoses market; and an ongoing transformation of the industrial sector from conventional sources of energy, such as coal, to LPG and natural gas is further likely to boost the demand for specialty hoses. Based on media type, the specialty hoses market is segmented into chemical, gas, oil, water and others. The chemical segment is likely to remain the growth engine of the market during the forecast period. Expansion of the chemical industry in terms of production, technological advancement, increasing penetration of specialty chemicals in paints, coatings and additives, and development of new applications are the major factors driving the market for specialty hoses in the chemical segment. Based on the inner core type, the market is segmented into nitrile rubber, EPDM rubber, nylon, polyester and others. Nitrile rubber is expected to remain the dominant and the fastest-growing segment of the market during the forecast period. Specialty hoses with nitrile rubber as inner core are predominantly used in applications such as LPG delivery, conveyance of refrigerant gases and refrigerant systems, and delivery of gasoline, diesel, kerosene and other fuels, owing to their excellent flexibility, ease of handling and excellent resistance from oils, acids, fuels and abrasion. On the basis of application type, the specialty hoses market is segmented into in-plant transfer, LPG delivery, welding, drainage service, hydraulic service, firefighting and others. The in-plant transfer is expected to remain the dominant application of the market during the forecast period, whereas LPG delivery is expected to be the fastest-growing segment during the same period. In-plant transfer application majorly includes conveyance of oil, chemical, refrigerant gas, hot and cold water, slurries and bitumen. In terms of region, Asia-Pacific is projected to remain the largest market for specialty hoses during the forecast period. Increasing chemical production and rising LPG demand are fueling the growth of the market in the region. China is the largest market for specialty hoses in the world, owing to the huge demand from its industrial and manufacturing sectors. This factor has led to the increased focus of industry players towards strengthening their roots in the region. For example, Continental AG has opened a new hose facility in China to meet the demand from the Chinese automotive industry. The company is also planning to build a research and development center at the facility dedicated to hose products only. North America is projected to remain the second-largest market for specialty hoses during the forecast period. The USA is the growth engine of the region's market, driven by large-scale production of oil and gas to meet the energy requirement of its industrial sector. Increasing shale gas activities in the USA, and rising oil and fuel demand in Mexico and Canada, are the major factors driving the growth of the specialty hoses market in the region. The key players in the specialty hoses market are Eaton Corporation Plc, Parker-Hannifin Corporation, Continental AG, Alfagomma Spa, Polyhose India Pvt. Ltd., The Weir Group Plc, Baili Hose Co., Ltd., Diebolt & Company, Apache Inc. and Newage Industries, Inc. The development of lightweight, flexible and durable specialty hoses, expansion in untapped and growing markets, and execution of mergers and acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Kenneth L. Bloom appointed president of Hexpol Compounding Americas - click to expand
12/10/2019 - Malmö, Sweden - Hexpol AB has appointed Kenneth (Ken) L. Bloom as president of Hexpol Compounding Americas. Bloom succeeds Tracy Garrison who decided to leave the company. Bloom worked most recently at the acquired Preferred Compounding, where he successfully has been the CEO and president since 2006. Bloom holds a B.S. in Engineering and an MBA in Finance. As president of Hexpol Compounding Americas, Bloom will also be an important member of the Hexpol group management. "We are very happy to welcome Ken Bloom to Hexpol. Ken is an industry veteran and he has, since 2006, successfully developed Preferred Compounding and with a customer-centric approach significantly grown the company both organically and through acquisitions. With Ken's extensive experience from the rubber compounding industry and strong track record, I am confident that Ken will continue to develop Hexpol Compounding Americas in a successful way," said Mikael Fryklund, president and CEO of Hexpol. Bloom commented, "I am very fortunate and excited to join the Hexpol organization. Hexpol has an extremely talented and capable team that uniquely positions it to continue to be the "supplier of choice" to our valued customers. I look forward to leading this team and driving continued improvement in all parts of our business." Ken Bloom takes on his position as president of Hexpol Compounding Americas as of January 1.
Wacker launches two anti-misting silicone release coatings for high-speed coaters - click to expand
12/9/2019 - Shanghai, China - At Labelexpo Asia 2019, Wacker launched two anti-misting silicone release coatings for high-speed coaters. Dehesive 982 AMA offers fast curing, stable release properties and allows good coverage. It is a universal product for both paper and filmic substrates. Dehesive 276 AMA which is designed for paper coating features a flat release profile. It cures with low amounts of platinum and therefore provides high cost performance for manufacturers. Another Wacker highlight during the show is Dehesive PSA 845R, a silicone press-sensitive adhesive. With high adhesion, rapid curing properties and good stability, the product is ideal for production of protective films for electronic products and high-temperature tapes. Labelexpo Asia 2019 took place in Shanghai, China, from December 3 to 6. Dehesive 982 AMA and Dehesive 276 AMA are both solvent-free silicone release coatings. They cure rapidly and provide stable release properties. Thanks to the integrated AMA anti-misting technology, they prevent misting at high coating speeds from 300 to 800 m/minute or even higher, which significantly improves the coating result. With a suitable viscosity for five or six roll coaters, both products provide good coverage on the substrate surface. Dehesive 982 AMA features low release at low peel speeds. Increasing speed raises its release profile dynamically. The product’s special molecule structure makes it ideal for various downstream applications of pressure-sensitive adhesive (PSA) systems. It provides stable release, even with highly reactive PSA. Having an excellent anchorage to a wide variety of substrates, Dehesive 982 AMA is suitable for both paper and filmic substrates. Moreover, the product also has a long pot life which allows easy operation during formulation preparation. Offering high adhesion, rapid curing and good stability, Dehesive PSA 845R is ideal for the coating of protective films for electronic products and high-temperature tapes. Dehesive 276 AMA offers a very flat release profile. Low release forces are possible at high peel speeds. Due to its high reactivity, the product requires only small amounts of the platinum catalyst to cure fully. This significantly reduces the cost for release liner and label manufacturing. During Labelexpo Asia 2019, Wacker will also showcase Dehesive PSA 845R, a new solvent-based silicone PSA which has a solid content of 60 percent. With a viscosity of about 45,000 mPa.s at 23°C, the product has an excellent initial tackiness. It also demonstrates good adhesion and effective adhesion adjustment to a wide range of substrates, such as polyethylene terephthalate (PET), polyamide (PA) and polyimide (PI). Dehesive PSA 845R cures rapidly and has a long pot life after complete mixing. It is moisture-resistant, weather-resistant and anti-aging and therefore ideal for the production of protective films for electronics and high temperature tapes.
Dunlop Sport Maxx tires are factory standard on Subaru S209 - click to expand
12/9/2019 - Tokyo, Japan - Sumitomo Rubber Industries, Ltd. announced that they have begun supplying their high-performance Dunlop SP SPORT Maxx GT600A tires to Subaru Tecnica International (STI) for use as factory standard tires on their new S209, which STI first unveiled at the 2019 North American International Auto Show in Detroit in January, and now plans to release as a limited-edition model for the North American market. The first model in the S Series built specifically for the North American market, the S209 is a high-performance car based on Subaru's WRX STI, but with a specially designed engine and suspension and also featuring exclusive interior and exterior accoutrements. Developed exclusively for the S209, the Dunlop SP Sport Maxx GT600A tires are the culmination of the advanced technical prowess that has been developed through years of active collaboration with STI in the 24 Hours Nürburgring, Super GT racing and various other motorsports activities. Thanks to the adoption of a specialized structure and proprietary rubber compounds, the Dunlop SP Sport Maxx GT600A tires provide enhanced steering stability and grip performance to help the S209 achieve "True Speed" that the driver can harness at will.
Denray Tire will join Michelin Retread Technologies - click to expand
12/9/2019 - Greenville, SC — Michelin North America announced that Denray Tire will join Michelin Retread Technologies (MRT) as a franchisee, manufacturing commercial truck retreads servicing Manitoba and Saskatchewan. Operating since the 1970s, Denray Tire is a family-owned and operated business in western Canada. Formerly a Bandag retread facility, the 25,000 square foot MRT facility employs 13 associates. “We have an excellent 45-year relationship with Michelin, and this new chapter gives us the opportunity to deliver additional service for customers,” said Derek Braun, president of Denray Tire. “Our MRT staff is excited about this new venture. Utilizing Michelin’s new-tire design technology, proven tread designs and new-tire manufacturing standards, the MRT retread process will deliver reliable retreads, designed to maximize tire assets.” For the past 45 years, Denray has been strategic dealer of Michelin, BFGoodrich and Uniroyal products that include commercial truck, agriculture, industrial, passenger/light truck, motor home and trailer tires. Denray is also a member of the Michelin Commercial Service Network (MCSN). With nine locations in Canada, Denray offers a complete range of services including emergency road service, repairs, inspection and alignments. “Two generations of Braun’s have grown this business into a premier service solution for Canadian customers,” said Bill Schafer, vice president of B2B sales for Michelin North America. “We are pleased Denray has joined the Michelin family of retread franchisees.”
Bridgestone plans to create Bridgestone Innovation Park in Kodaira, Japan - click to expand
12/9/2019 - Tokyo, Japan - Bridgestone Corporation announced plans to create Bridgestone Innovation Park, a global center of research, development and wellness that will help the company accelerate its transformation into a global leader in advanced mobility and sustainable solutions for a world in motion. The multi-year project involves a major reconstruction to the company's existing operations in Kodaira, Japan, and will include four new facilities set to open over the next four years. "The world is rapidly evolving and Bridgestone must be ready to meet the needs of the next generation with advanced and sustainable solutions for mobility and beyond," said Masaaki Tsuya, chairman of the board, chief executive officer and representative executive officer, Bridgestone Corporation. "Bridgestone Innovation Park will be the cornerstone of our company's next chapter as we focus on innovation that contributes to society's advancement and creates new value for our customers, our partners, and the world around us." Bridgestone Innovation Park will be designed to foster the flexibility and creativity needed to support a more inclusive and connected society over the next 50 years while operating with the same core values and philosophy that have made Bridgestone successful for the past 90 years. In the 1960s, Bridgestone's founder, Shojiro Ishibashi, built the company's former Tokyo plant and technology center in Kodaira to create an inclusive, active and healthy local community that valued the surrounding environment. His efforts to promote mobility, people and the environment are still celebrated today through the company's "Our Way to Serve" global corporate social responsibility commitment, which helps guide Bridgestone to improve the way people move, live, work and play within its long-standing mission of "Serving Society with Superior Quality." The next generation of the company's Kodaira footprint will bring these values to life through four primary facilities, which together comprise Bridgestone Innovation Park. The first facility is scheduled to open in June 2020, with the anticipated full schedule as follows: Bridgestone Innovation Gallery (formerly Bridgestone Today): Museum dedicated to Bridgestone history and innovation initiatives; designed to engage customers, partners and the local community through the Bridgestone story (scheduled to open in June 2020); B-Innovation: Next-generation innovation and collaboration lab empowering joint creation with various internal and external stakeholders (scheduled to open in November 2021); B-Mobility: Demonstration and testing facility to promote agile product development; will include several courses and data analysis capabilities (scheduled to open in November 2021); Bridgestone AHL Arena：Barrier-free activity center providing access to sports for people of all ages and abilities; designed to promote a more diverse and inclusive society in alignment with the company's Active Healthy Lifestyle (AHL) values and its Worldwide Olympic and Paralympic Partnerships (scheduled to open in March 2022). The development of Bridgestone Innovation Park is one of several significant milestones in the next year that signify the company's transformation. As a Worldwide Olympic and Paralympic Partner, Bridgestone also will showcase many of its advanced mobility solutions and services in support of the Olympic and Paralympic Games Tokyo 2020, which will be held in its global hometown.
Global nitrile butadiene rubber (NBR) latex market forecast with a CAGR of 15.4 percent - click to expand
12/9/2019 - Los Angeles, CA - The global nitrile butadiene rubber (NBR) latex market is expected to grow at a CAGR of around 15.4 percent over the forecast period 2019 to 2026, and reach the market value of over $2,860.1 million by 2026, according to Acumenresearch and Consulting. In 2018, Asia Pacific dominated the nitrile butadiene rubber (NBR) latex market with maximum market share. The major economies of the region including Japan, South Korea, China and India are majorly contributing to the regional market growth. The rapid industrialization and high production capacity in the region are supporting the market value. For instance, Zeon has announced the production capacity expansion for hydrogenated nitrile rubber at its Kawasaki, Japan-based manufacturing plant. The plant produces Zetpol HNBR latex, which has applications across the coating glass cord and fabric. Also, Sinopec, a major China Petrochemical Corp. has invested in Sibur and became the strategic partner of the company in 2015. Sibur and Sinopec have plants to design a joint venture plant for acrylonitrile-butadiene rubber (NBR) in Shanghai, China. On the basis of application, the industrial segment dominated the market with potential market share. The properties associated with the industrial use NBR products are contributing to the market growth. The properties include excellent abrasion and high resistance to several chemicals like mineral, hydraulic and vegetable oils, greases, solvents and animal fats. For instance, Synthomer highlighted the strength in the nitrile latex market and occupied spotlight at Rubber Glove Conference and Exhibition in 2016. Malaysian Rubber Glove Manufacturers Association has organized IRGCE which was co-hosted by the Malaysian Rubber Export Promotion Council. In terms of product, industrial grade NBR latex has registered the maximum share in the year 2018. The segment accounted for the potential share owing to the presence of a wide range of products manufactured from industrial grade NBR latex. Some of the leading competitors are LG Chem, Zibo Elim Trade Co., Ltd., Zeon Chemicals, Omnova Solutions, Kumho Petrochemicals, Nantex, Apcotex Industries Limited and Synthomer plc. Nitrile butadiene rubber (NBR) latex companies have announced mergers and acquisitions to expand their position in the nitrile butadiene rubber (NBR) latex market. Major players are also moving into new regions with advance technologies for expanding the geographical presence. Some of the key observations regarding the nitrile butadiene rubber (NBR) latex market include: Top Glove Corporation has launched its flagship product on World Environment Day in 2019. The new BioGreen biodegradable nitrile gloves are designed to provide protection to the user and environment simultaneously. The new gloves can biodegrade in anaerobic environments like landfills. Synthomer, a British-based chemicals company, has expanded its nitrile latex production capacity with the opening of a new facility in Pasir Gudang, Malaysia. The new facility opened in 2018 with the official expansion of 90,000-metric ton production. The plant was officially inaugurated by the British High Commissioner to Malaysia. Arlanxeo has upgraded its La Wantzenau, France based nitrile rubber production facility in 2018. The modernization of the plant is part of the company's growth strategy. Omnova Solutions announced the sale of itsIndia rubber manufacturing business in 2016. The deal with the India based organization Apcotex Industries Limited includes acrylonitrile-butadiene rubber (NBR), high styrene rubber masterbatches and NBR-PVC polyblends product lines. Synthomer, a U.K.-based organization, announced the acquisition of Omnova Solutions in 2019. OMN is a U.S.-based specialty chemical company. According to the acquisition, each shareholder of Omnova will receive $10.15 per share they own. Apcotex Industries had a major capacity expansion plan for synthetic latex to 75 to 80,000 metric tons from the existing capacity of 55,000 metric tons in 2018. The new facility is expected to increase nitrile rubber capacity to 30,000 metric tons in the year 2019. Jubilant Agri and Consumer Products, a wholly-owned subsidiary of Jubilant Industries, have announced the transfer of its retail hypermarket business to Aditya Birla Retail in 2016. The transfer consists of Agri products and performance polymers products, including latex, such as vinyl pyridine, SBR and NBR latex, adhesives, wood finishes and food polymers.
Market Reports
Global automotive tires market is expected to grow at a CAGR of 8.22% through 2024 - click to expand
12/13/2019 - Pune, India - The global Automotive Tires market is expected to grow at a CAGR of 8.22%, during the forecast period, 2019-2024 according to www.marketinsightsreports.com
Bridgestone Corp., Continental Automotive AG, Cooper Tire & Rubber Company, Goodyear Tire & Rubber Company, Hankook Tires Group, Michelin Tires, MRF (Madras Rubber Factory Limited), Pirelli & C SpA, Apollo Tires, Yokohama Rubber Co. Ltd.
The demand for retreading of tires is increasing at a significant rate. The retreading of tires helps to reduce the operating cost significantly in the aftermarket, as it helps to prevent the tires from a complete replacement, and thereby, is a cost-effective option. The casings can help to provide multiple life cycles, resulting in significant cost saving, especially for the commercial fleet operators.
Additionally, there is an emerging trend in the market, which is expected to act as an opportunity for the growth of the market. For instance, increased use of bio-oils in the manufacturing process of tires, are expected to boost the growth, owing to rising demand for the ecological tire manufacturing process. Orange oils, extracted from orange peels, are used in the process to help reduce the amount of petroleum used in tires.
A tire is the most crucial part of a vehicle. It supports the weight of the vehicle, transmits vehicle propulsion, and braking, and reduces the impact of weird road conditions and at the same time, helps to maintain the vehicles direction. The tire manufacturers need to consistently modify their production technology and introduce new products in the marketplace to support the increasing demands, especially from the OEMs and consumers.
The demand for luxury cars has been rising at a fast pace, over the past five years.
These luxury and sports cars require high-performance tires to deliver exceptional performance and fuel efficiency.
In the past five years, the demand for luxury cars in India, and China has increased rapidly. The consumer preference for luxury cars, as a status symbol, has resulted in more demand for luxury cars. China has experienced the highest growth for luxury cars.
Companies, such as Michelin has been designing high-performance tires OEMs, such as BMW, Porsche, Chevrolet Corvette, Ferrari, and Ford. The company has launched several tires under its Pilot series, which deliver high performance for sport and luxury cars in all weather conditions.
In January 2019, General Motors introduced the all-new 2020 GMC Sierra Heavy Duty with a longer wheelbase, taller hood line, and taller overall height than the current model. The new Sierra Heavy Duty features an enhanced ProGrade Trailering system, with 15 camera views, including a segment-first transparent trailer view to virtually see through a trailer in tow.
Audi was one of the major manufacturers of luxury cars, in November 2018, Audi announced that it has selected Toyo Tires & Rubbers TOYO CELSIUS CUV A tire for the “Audi Q8, a new SUV model that Audi will begin selling in the North American market. The product was developed based on an all-season tire for SUVs that the company has rolled out in the North American market.
Subaru announced that the Subaru BRZ, which was launched in 2017, was equipped with high-performance tires, provided by Michelin. The previous BRZ models tire had loose grip and poor stability. The new installation allows smoother and less intrusive intervention.
Tire manufacturers are continually investing in R&D for manufacturing high-performance tires for luxury and sports cars that deliver high performance, better traction, and fuel efficiency. Additionally, with new luxury models being launched continually, the demand for high-performance tires for high-end cars are expected to increase, in turn, propelling the growth of the market.
Global Emulsion Polymers Market size is expected to reach $53.7 billion by 2025 - click to expand
12/13/2019 - Dublin, Ireland - The Global Emulsion Polymers Market size is expected to reach $53.7 billion by 2025, rising at a market growth of 5.7% CAGR during the forecast period according to ResearchAndMarkets.com.
Emulsion polymerization is a kind of radical polymerization that generally initiates with an emulsion including monomer, water and surfactant. The most familiar kind of emulsion polymerization is an oil-in-water emulsion, with emulsified monomer droplets. The method is used to produce polymers with high molecular weight and little viscosity.
With the growth in automotive market, the demand for automotive paints and coatings is also expected to rise. Hence, the growing use of automotive coatings and paints is expected to contribute the market significantly. Rising concern for the environment and its safety, the government bodies such as across regions including Environmental Protection Agency (EPA) are focusing to make the industries more reliant on green products thereby minimizing hazardous influence on environment and surroundings. In order to control the emissions of hazardous chemicals such as styrene, methyl chloride, toluene and acrylonitrile, the regulatory authorities have started the Clean Air Act thereby giving opportunity to water-based emulsion polymer.
Based on Application, the market is segmented into Paints and Coatings, Paper & Paperboard Coatings, Adhesives and Other Applications. Based on Product, the market is segmented into Acrylics, Styrene-Butadiene Latex, Vinyl Acetate Polymers and Other Products. Among the various product types, Acrylics is predicted to be the segment exhibiting high growth in the coming years and can be attributed to rising demand for the product especially for application in adhesives, super absorbent polymers and sealants market segments. Upsurge in construction projects in emerging regions is expected to fuel the demand further.
The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, BASF SE, The Dow Chemical Company, and Asahi Kasei Corporation are some of the forerunners in the Emulsion Polymers Market. Companies such as Celanese Corporation, Wacker Chemie AG, Arkema S.A., Synthomer PLC, Triseno S.A., DIC Corporation and Specialty Polymers, Inc. are some of the key innovators in Emulsion Polymers Market. The market research report covers the analysis of key stake holders of the market.
Key companies profiled in the report include Wacker Chemie AG, Synthomer PLC, Trinseo S.A., Specialty Polymers, Inc., DIC Corporation, The Dow Chemical Company, BASF SE, Arkema S.A., Asahi Kasei Corporation, and Celanese Corporation.
Global elastomer coated fabrics market forecast at $12 billion by 2024 - click to expand
12/11/2019 - New York, NY - The Global Elastomer Coated Fabrics Market is expected to exceed more than US$ 12.0 Billion by 2024 at a CAGR of 4% in the given forecast period according to the latest report from www.marketresearchengine.com. The scope of the report includes a detailed study of global and regional markets on Elastomer Coated Fabrics Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Low & Bonar PLC (Mehler Texnologies) India, SRF Limited (India), Continental AG(Germany), OMNOVA Solutions Inc. (U.S.), Takata Corporation (Japan), Seaman Corporation (U.S.), Serge Ferrari (France), Spradling International, Inc. (U.S.), Sioen Industries NV (Belgium), and Saint-Gobain S.A. (France). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Global Elastomer Coated Fabrics Market is segmented on the Basis of Product Analysis, Application Analysis and Regional Analysis. By Product Analysis this market is segmented on the basis of Silicones, Thermoplastic olefin, Thermoplastic polyurethane and Rubber segments.
By Application Analysis this market is segmented on the basis of Transportation, Protective clothing, Industrial, Roofing, Awnings & canopies, Furniture & seating and Others. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.
Global silicone market size forecast with at CAGR of 7% through 2024 - click to expand
12/11/2019 - Dublin, Ireland - The global silicone market size is expected to grow from USD 20.4 billion in 2019 to USD 28.6 billion by 2024, at a CAGR of 7% during the forecast period according to ResearchAndMarkets.com
The silicone market comprises major solution providers, such as The Dow Chemical Company (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd., (Japan), Elkem ASA (Norway), Momentive (US), KCC Corporation (South Korea), Evonik Industries AG (Germany), Gelest Inc. (US), and Innospec Inc. (US). The study includes an in-depth competitive analysis of these key players in the silicone market, with their company profiles, recent developments, and key market strategies.
The silicone market is driven by various factors, such as high demand from industrial process, building & construction, transportation, and electronics industries. The growth of these industries is likely to further propel the market during the forecast period. However, fluctuation in the raw material prices is likely to hinder the growth of the market.
The silicone market has been segmented based on type into elastomers, fluids, resins, and gels & other products. Among these types, the elastomers segment accounted for the largest share of the market in 2018 and is likely to witness significant growth during the forecast period.
The market growth in this segment is attributed to its increasing use in various products, including voltage line insulators, cooking, baking, and; undergarments, sportswear and footwear; electronics; medical devices, and implants; and in household gaskets and O-rings. Some silicone elastomers are also used in the manufacturing of sealants. Their physiological inertness makes them suitable for use in the healthcare industry, especially for blood transfusions and in artificial heart valves & various prosthetic devices. These factors are expected to drive demand during the forecast period.
The industrial process segment is expected to hold the largest market share during the forecast period. It is growing rapidly due to the increasing demand for silicone materials in applications, such as lubricants, anti-foaming agents in offshore drilling, paper production, industrial coatings, and paint additives.
Silicone-based sealants are used in demanding industrial processes requiring resistance to high pressure, temperature and corrosion, and adaptation to all types of surfaces. Not only are they used as polymers, but they can also be added to polymers from other materials to improve their performance. Silicones also provide higher durability and resistance in industrial coatings as well as improved performance of lubricants. These factors are expected to drive the demand for silicone in the industrial process end-use industry during the forecast period.
APAC is expected to register the highest growth during the forecast period due to the increasing usage of silicone in various end-use industries such as industrial process, building & construction, personal care & consumer products, transportation, and electronics. China, India, Japan, South Korea, and Australia are providing enormous opportunities for the silicone market due to the presence of a large manufacturing sector in these countries.
Medical injection molding market size worth $1.83 billion by 2026 - click to expand
12/11/2019 - San Francisco, CA - The global medical injection molding market size is anticipated to reach USD 1.83 billion by 2026, expanding at a CAGR of 4.0% during the forecast period, according to a new report by Grand View Research, Inc. Factors such as, rising demand for medical products, adoption of disposables, and rapid technological advancements are anticipated to boost the growth.
Asia Pacific dominated the regional market due to rise in government spending and high demand for medical devices coupled with increasing demand for polypropylene in plastic injection molding components
Key market players are introducing technologically enhanced products to gain competitive advantage. For instance, in 2018, Milacron demonstrate its low-pressure injection molding process known as iMFLUX designed by Procter and Gamble. This technology uses highly consistent pressure to achieve up to 50% resulting in faster cycle and reduction in weight of machine parts
Technological advancements are expected to drive the market growth. The ability to mold several raw materials through medical injection molding process and increased energy efficiency of injection molding machine have outperformed the traditional medical injection molding machines. Therefore, with technological advancements, the use of injection molding machines for producing medical devices is anticipated to witness growth. This process is used for manufacturing various devices such as cerebral simulators and implantable pacemakers.
Global plasticizers market forecast at $16.7 billion by 2024 - click to expand
12/9/2019 - New York, NY - According to the market research report published by P&S Intelligence, the global plasticizers market share was valued at $13,967.9 million in 2018, and it is expected to reach $16,700.6 million by 2024, witnessing a CAGR of 3.5% during the forecast period (2019–2024). Phthalate plasticizers accounted for more than 65.0% revenue share in the global market, in 2018, owing to the high demand for these in various end-use applications, including coatings, home appliances, and flexible machine tools.
During the forecast period, the demand for non-phthalate plasticizers is expected to witness the faster growth in the market. The growth of this product category is majorly driven by the increase in the demand for environmental-friendly plasticizers in the North American and European regions. In addition, the APAC plasticizers market is also in a transition phase, wherein the demand for non-phthalate plasticizers is expected to grow during the forthcoming period.
The demand for plasticizers is growing at a significant rate, owing to their use as a raw material for the production of construction material, such as pipes and tubes, roof and wall insulation, and building interiors. In addition, the global construction industry has witnessed recovery and stable growth in the past five years, which has been mirrored by the increasing population and growing urbanization rate across the globe. In countries such as China, India, and Brazil, the growing urbanization rate is expected to boost the plasticizer demand for producing building materials for cladding, roofing, flooring, and several other construction applications, thereby driving the plasticizers market.
On the basis of end-use, wires & cables held the largest market value share in the plasticizers market in 2018, and this category is expected to grow at a CAGR of 3.8% during the forecast period. This significant market value and growth rate are ascribed to the high end-use demand for wires and cables, which use flexible PVC for protection and insulation. Furthermore, the expected growth rate in the construction, healthcare, packaging, and other industries is expected to generate a high plasticizer demand over the coming years.
Browse report overview with detailed TOC on "Plasticizers Market - Global Industry Trends, Size, Share Analysis and Growth Forecast to 2024" at: https://www.psmarketresearch.com/market-analysis/plasticizers-market
Geographically, Asia Pacific (APAC) dominated the plasticizers market, accounting for over 60.0% share in 2018, in terms of both value and volume. This significant market size and predicted growth are attributed to the region's high-volume manufacturing industry, particularly automotive, chemicals, electrical & electronics, and construction, all of which use plasticizers to make the end product smooth and flexible. Thus, the wide usage of plasticizers in the region is projected to further boost the market growth over the coming years.
The plasticizers market is highly dispersed in nature, and only one market player had a double-digit market share in 2018. UPC Technology Corporation was the largest player in the market, followed by BASF SE, in 2018. The Taiwan-based UPC Technology Corporation maintains a strong global presence via sales operations in Taiwan, China, Southeast Asia, Northeast Asia, South Asia, the U.S., Canada, the Middle East, and New Zealand. With the continuously increasing demand for plasticizers, several other companies are coming up with several strategic plans, including mergers and acquisitions, facility expansions, and new products.
For instance, in October 2018, Perstorp Holding AB announced an expansion project for the production capacity of a non-phthalate polyester plasticizer, named Pevalen, which was expected to be initiated in 2019. This project will increase the production of plasticizers to 50,000 tons per year.
The key players in the global plasticizers market include UPC Technology Corporation, BASF SE, Evonik Industries AG, Exxon Mobil Corporation, Eastman Chemical Company, Nan Ya Plastics Corporation, Mitsubishi Chemical Corporation, LG Chem Ltd., KLJ Group, Arkema SA, Perstorp Holding AB, and Lanxess AG.
Specialty hose market forecast to reach $2.3 billion by 2025 - click to expand
12/5/2019 - Detroit, MI - -- Stratview Research announces the launch of a new research report on Specialty Hoses Market.
The specialty hoses market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 2.3 billion in 2025. The key factors driving the market for specialty hoses are listed below.
Organic growth of the steel and chemical industries along with expected expansion of the automobile sector.
Excellent heat- and abrasion-resistant properties of specialty hoses make them a suitable claimant for the conveyance of aggressive chemicals and hot oil products.
Rapidly expanding industrial sector in the emerging economies is providing new avenues for the players in the specialty hoses market.
An ongoing transformation of the industrial sector from conventional sources of energy, such as coal to LPG and natural gas, is further likely to boost the demand for specialty hoses.
Based on media type, the specialty hoses market is segmented into chemical, gas, oil, water, and others. The chemical segment is likely to remain the growth engine of the market during the forecast period. Expansion of chemical industry in terms of production, technological advancement; increasing penetration of specialty chemicals in paints, coatings, and additives; and development of new applications are the major factors driving the market for specialty hoses in the chemical segment.
Based on the inner core type, the market is segmented into nitrile rubber, EPDM rubber, nylon, polyester, and others. Nitrile rubber is expected to remain the dominant and the fastest-growing segment of the market during the forecast period. Specialty hoses with nitrile rubber as inner core are predominantly used in applications such as LPG delivery; conveyance of refrigerant gases and refrigerant systems; and delivery of gasoline, diesel, kerosene, and other fuels, owing to their excellent flexibility, ease of handling, and excellent resistance from oils, acids, fuels, and abrasion.
On the basis of application type, the specialty hoses market is segmented into in-plant transfer, LPG delivery, welding, drainage service, hydraulic service, firefighting, and others. The in-plant transfer is expected to remain the dominant application of the market during the forecast period, whereas LPG delivery is expected to be the fastest-growing segment during the same period. In-plant transfer application majorly includes conveyance of oil, chemical, refrigerant gas, hot and cold water, slurries, and bitumen.
In terms of region, Asia-Pacific is projected to remain the largest market for specialty hoses during the forecast period. Increasing chemical production and rising LPG demand are fueling the growth of the market in the region. China is the largest market for specialty hoses in the world, owing to the huge demand from its industrial and manufacturing sectors. This factor has led to the increased focus of industry players towards strengthening their roots in the region. For example; Continental AG has opened a new hose facility in China to meet the demand from the Chinese automotive industry. The company is also planning to build an R&D center at the facility dedicated to hose products only.
North America is projected to remain the second-largest market for specialty hoses during the forecast period. The USA is the growth engine of the region's market, driven by large-scale production of oil and gas to meet the energy requirement of its industrial sector. Increasing shale gas activities in the USA and rising oil & fuel demand in Mexico and Canada are the major factors, driving the growth of the specialty hoses market in the region.
The key players in the specialty hoses market are Eaton Corporation Plc, Parker-Hannifin Corporation, Continental AG, Alfagomma Spa, Polyhose India Pvt. Ltd., The Weir Group Plc, Baili Hose Co., Ltd., Diebolt & Company, Apache Inc., and Newage Industries, Inc. The development of lightweight, flexible, and durable specialty hoses; expansion in untapped and growing markets; and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Global nitrile butadiene rubber (NBR) latex market forecast with a CAGR of 15.4% - click to expand
12/5/2019 - Los Angeles, CA - The global nitrile butadiene rubber (NBR) latex market is expected to grow at a CAGR of around 15.4 % over the forecast period 2019 to 2026 and reach the market value of over US$ 2,860.1 million by 2026 according to Acumenresearch and Consulting.
In 2018, Asia Pacific dominated the nitrile butadiene rubber (NBR) latex market with maximum market share. The major economies of the region including Japan, South Korea, China, and India are majorly contributing to the regional market growth. The rapid industrialization and high production capacity in the region are supporting the market value. For instance, Zeon Corp. has announced the production capacity expansion for hydrogenated nitrile rubber at its Kawasaki, Japan-based manufacturing plant. The plant produces Zetpol HNBR latex, which has applications across the coating glass cord and fabric. Also, Sinopec, a major China Petrochemical Corp. has invested in Sibur and became the strategic partner of the company in 2015. Sibur and Sinopec have plants to design a joint venture plant for acrylonitrile-butadiene rubber (NBR) in Shanghai, China.
On the basis of application, the industrial segment dominated the market with potential market share. The properties associated with the industrial use NBR products are contributing to the market growth. The properties include excellent abrasion and high resistance to several chemicals like mineral, hydraulic & vegetable oils, greases, solvents, and animal fats. For instance, Synthomer highlighted the strength in the nitrile latex market and occupied spotlight at Rubber Glove Conference and Exhibition in 2016. Malaysian Rubber Glove Manufacturers Association has organized IRGCE which was co-hosted by the Malaysian Rubber Export Promotion Council.
In terms of product, Industrial grade NBR latex has registered the maximum share in the year 2018. The segment accounted for the potential share owing to the presence of a wide range of products manufactured from industrial grade NBR latex.
Some of the leading competitors are LG Chem, Zibo Elim Trade Co., Ltd., Zeon Chemicals, Omnova Solutions, Kumho Petrochemicals, Nantex, Apcotex Industries Limited, and Synthomer plc. Nitrile Butadiene Rubber (NBR) Latex companies have announced mergers and acquisitions to expand their position in the Nitrile Butadiene Rubber (NBR) Latex market. Major players are also moving into new regions with advance technologies for expanding the geographical presence.
Some of the key observations regarding Nitrile Butadiene Rubber (NBR) Latex market include:
Top Glove Corporation has launched its flagship product on World Environment Day in 2019. The new BioGreen Biodegradable Nitrile Gloves are designed to provide protection to the user and environment simultaneously. The new gloves can biodegrade in anaerobic environments like landfills.
Synthomer, a British-based chemicals company has expanded its nitrile latex production capacity with the opening of a new facility in Pasir Gudang, Malaysia. The new facility opened in 2018 with the official expansion of 90,000-metric ton production. The plant was officially inaugurated by the British High Commissioner to Malaysia.
Arlanxeo has upgraded its La Wantzenau, France based nitrile rubber production facility in 2018. The modernization of the plant is part of the company's growth strategy.
OMNOVA Solutions announced the sale of India Rubber Manufacturing Business in 2016. The deal with the India based organization Apcotex Industries Limited includes acrylonitrile-butadiene rubber (NBR), high styrene rubber masterbatches, and NBR-PVC polyblends product lines
Synthomer, a UK based organization announced the acquisition of OMNOVA Solutions in 2019. OMN is a US-based specialty chemical company. According to the acquisition, each shareholder of Omnova will receive $10.15 per share they own.
Apcotex Industries has a major capacity expansion plan for synthetic latex to 75 to 80,000 MT from the existing capacity of 55,000 MT in 2018. The new facility is expected to increase nitrile rubber capacity to 30,000 MT in the year 2019.
Jubilant Agri and Consumer Products, a wholly-owned subsidiary of Jubilant Industries have announced the transfer of its retail hypermarket business to Aditya Birla Retail in 2016. The transfer consists of Agri products and performance polymers products including latex, such as vinyl pyridine, SBR and NBR latex, adhesives, wood finishes, and food polymers.
Automotive tubeless tire market forecast at $196 billion by 2024 - click to expand
12/4/2019 - Detroit, MI - The automotive tubeless tires market is anticipated to witness a CAGR of 6.13% during the forecast period and estimated to showcase a revenue to USD 196 billion by 2024. At present, Asia- Pacific is holding the largest market share of automotive tubeless tires accounting for more than 50% and is anticipated to have its dominance over the forecast period. Further, Asia-Pacific is anticipated to witness a CAGR of 6.4 % according to Kenneth Research.
The major factor for the growth of automotive tubeless tires market in Asia-Pacific is the expanding automotive industry in countries like Japan, China, South Korea & India. Thus, Asia-Pacific is expected to showcase a lucrative growth over the forecast period. Asia-Pacific is expected to maintain its supremacy over the forecast period followed by North- America and Europe. Increasing disposable income is the major growth factor for automotive tubeless tires in European countries and North America.
Leading Key Players of Automotive Industry: Ceat Tyres Ltd., MRF ltd., Goodyear Tire and Rubber Company, Yokohama Tyres, Bridgestone Corporation, Continental AG, Pirelli Tyre S.p.A, Sumitomo Rubber Industries, Ltd, Hankook Tire Co. Ltd., MICHELIN, and Others.
November forecast shows U.S. tire shipments expected to increase in 2019 - click to expand
12/3/2019 - Washington, DC - The U.S. Tire Manufacturers Association (USTMA) projects 2019 U.S. tire shipments will increase to 333.1 million units compared to 330.4 million units in 2018. Original equipment (OE) passenger tire shipments are expected to decrease by 2.1 million units, while passenger tire replacement shipments are projected to increase by 6.4 million units compared to 2018. OE and replacement for light truck tires as well as OE truck tire shipments are expected to increase, while a decrease is projected for replacement truck tire shipments.
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