Author: RubberWorld

Market ReportsNewsrss4

Global styrene butadiene rubber market forecast at $15.6 billion by 2030

eport Ocean in its recent study, estimated the Global Styrene Butadiene Rubber (SBR) Market size by value at USD 12.89 billion in 2023. During the forecast period between 2024 and 2030, Report Ocean expects the Global Styrene Butadiene Rubber (SBR) Market size to expand at a CAGR of 7.55% reaching a value of USD 15.63 billion by 2030. The Global Styrene Butadiene Rubber (SBR) Market is propelled by a growing demand for rubber in the automotive sector, the surging sales of footwear featuring rubber soles, rapid industrialization in emerging economies, and the increasing need for high-performance lightweight tires. The constrained availability of natural rubber is expected to drive the demand for various SBR products, including SBR polymers, styrene-butadiene rubber latex, styrene-butadiene rubber powder, carboxylate styrene-butadiene rubber, and others during the forecast period. The growing demand for styrene-butadiene rubber in the industrial sector is also expected to play a pivotal role in shaping the market trajectory up to 2032.

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Yokohama Rubber’s BluEarth-Van RY55 tires coming factory-equipped on Honda’s mini-EV, N-VAN e:

The Yokohama Rubber Co., Ltd., announced that it is supplying its BluEarth-Van RY55 tires as original equipment (OE) to Honda Motor Co., Ltd. for use on the automaker’s new commercial-use mini-EV (electric vehicle), N-VAN e:, which will be launched in Japan in October 2024. The N-VAN e: is being equipped with 145/80R13 82/80N LT size tires.

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Bridgestone helps expand girls flag football through donations to five NFL teams

Bridgestone celebrated International Day of the Girl by announcing $200,000 in new donations to support the nationwide growth of girls flag football. These contributions include $40,000 for local programs through the Cleveland Browns, Dallas Cowboys, Los Angeles Rams, New England Patriots, and Tennessee Titans.
Teams are utilizing the funds to meet the unique needs associated with creating or expanding girls flag football programs in their local communities. Common examples include equipment, training, transportation, and technology.

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Tipco and Alliance Hose & Rubber announce new partnership

The partnership with Alliance Hose & Rubber Co. marks a significant milestone in TIPCO Technologies’ journey. This partnership will expand TIPCO’s footprint to 35 locations across 17 states, significantly boosting their presence in the competitive Illinois market. As they integrate and grow, they promise to continue providing the exceptional products and services that have made them a trusted name in the industry.

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Smiley Monroe launches new brand identity and announces future expansion plans

Comprising a new geometric brandmark to accompany the unchanged wordmark, the new logo has its origins in the hexagon, the chemical structure of vulcanized rubber and a recognized symbol of Northern Ireland where the company was founded in 1979. The shape is a nod to the hexagonal basalt columns of the Giants Causeway – an iconic landmark on the country’s North Coast and the inspiration behind the ‘Giants of Belting’ moniker. The highlighted ‘peaks’ show how the hexagon has evolved in an upward and outward trajectory, reflecting Smiley Monroe’s growth and global expansion over the past 45 years. The solid shape creates an angular “s,” while the two peaks on the silhouette mimic the chevron pattern found on a conveyor belt.

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U.S. Tire Manufacturers Association elects Yokohama Tire president Jeff Barna as board chair

The U.S. Tire Manufacturers Association (USTMA) announced the election of Jeff Barna, President and CEO of Yokohama Tire Corporation, as Chair of the Board of Directors. Barna will serve a two-year term through October 2026. The USTMA Board also elected Matthew Cabe, President and CEO of Michelin North America, Inc. as a new Director.
As Chair, Barna succeeds Alexis Garcin, President and CEO of Michelin North America, Inc., who is stepping down from the USTMA Board to undertake a new role at Michelin.

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Denka’s Louisiana chloroprene rubber plant to remain open as EPA rules go into effect

Denka Performance Elastomer LLC (DPE), a U.S. subsidiary of Denka Company Limited, applied for a two-year extension of the grace period from the Louisiana Department of Environmental Quality (LDEQ). This extension was approved on June 27, 2024. Subsequently, DPE sought legal confirmation of this extension from the U.S. 5th Circuit Court of Appeals and filed an emergency motion to prevent the EPA from enforcing the new regulations during the review process.

On April 9, 2024, the U.S. Environmental Protection Agency (EPA) introduced new regulations aimed at reducing chemical air emissions from chloroprene rubber manufacturing facilities. These regulations, which include significant measures to cut emissions of chloroprene monomer, were published in the Federal Register on May 16, 2024, and took effect on July 15, 2024. A 90-day grace period was provided, ending on October 15, 2024, for facilities to comply with these new standards.

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Nexen Tire utilizing AI-based automated tire product inspection system

NEXEN TIRE has announced the development and implementation of its AI-based automated tire product inspection system. As the first instance in the tire industry, the system has been developed in a platform format, allowing easy application to new factories or equipment. With the introduction of this automated product inspection system, NEXEN TIRE, which has been expanding AI applications in the tire development process, has now extended the scope of AI utilization to manufacturing processes.

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Continental expands capacity of its tire plant in Rayong, Thailand

Continental is boosting the production capacity of its tire plant in Rayong, Thailand, by additional 3 million units per year. The gradual expansion plan of the operations stands for a planned total investment of more than 300 million euros (13 billion Thai Baht). The Board of Investment of Thailand is supporting the project under its Investment Stimulation Measure for Economic Recovery Scheme, thus supporting Continental’s ongoing growth in Thailand and the APAC region. This expansion will create approx. 600 additional jobs in the upcoming years. With more than 900 employees already working in its Rayong tire plant, the company is reinforcing its commitment to the Thai market and the Asia-Pacific region.

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