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Global oxidized polyethylene wax market forecast at $1.04 billion by 2028

The global oxidized polyethylene wax market size is expected to reach USD 1.04 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a compound annual growth rate of 4.8% from 2021 to 2028. The global market is expected to witness substantial growth over the forecast period owing to the increase in the demand from end-use applications, such as plastics, coatings, hot melt adhesives, rubber processing, and printing. Nontoxic nature, high thermal stability, and excellent dispersion have increased product consumption in the aforementioned segments.

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Latin America and Caribbean automotive tire market forecast at $4.5 billion by 2027

The Latin American and Caribbean automotive tire market is segmented on the basis of season type, rim size, vehicle type, and channel. Based on season type, the all-season segment held the largest share in 2019, accounting for nearly 90% of the market. However, the summer segment is estimated to register the highest CAGR of 4.2% from 2020 to 2027.

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USTMA shares economic outlook analysis and impact trends

U.S. Tire Manufacturers Association (USTMA) released key findings from an economic outlook analysis to identify trends and strategic opportunities for the U.S. tire manufacturing industry over the next five years and relevant issues influencing transportation. The analysis, conducted in late 2020 by a top economist, provides insights into four focus areas—economic impact and recovery from the coronavirus pandemic, digital transformation, changing societal views on mobility and environmental stewardship

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Synthetic rubber market forecast at $45.7 billion by 2027

Synthetic rubber finds widespread usage as a commodity material, which substitutes natural rubber, for instance, in the production of pneumatic tires, which specifically uses E-SBR. Further uses include gaskets and shoe soles, among others. Synthetic rubber also finds usage in building & construction applications, as a binding and sealing agent as an alternate to PVA. In these applications, it provides reduced shrinkage, better durability, and increased flexibility, along with being resistant to emulsification in humid conditions. Moreover, synthetic rubber is utilized to tank damp surfaces or rooms, where it is painted onto the whole surface, forming a seamless, continuous, damp-proof liner, such as in basements.

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Global tire-derived fuel (TDF) market forecast at $430 million by 2025

Tire-derived fuel is often used as a supplemental fuel at cement and paper & pulp facilities. In recent years its demand is seen a steady rise as TDF improves boiler efficiency, reduces carbon emissions, and cuts down fuel costs. As end-use industries regain momentum in the post-COVID-19 economy, analysts anticipate that they will stoke the usage of TDF as well. As of 2019, the cement industry held a 50% share in the global tire-derived fuel market. The publisher predicts the trend will continue as construction activities make a comeback in full swing. more…

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