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Market ReportsNewsrss6Silicone & Medical

Global silicone resins market size is expected to reach $6.3 billion by 2026

The global Silicone Resins Market size is expected to grow from USD 4.8 billion in 2021 to USD 6.3 billion by 2026, at a CAGR of 5.5% during the forecast period. The driving factors for the silicone resins market is increased involvement of silicone resins in the industrial segment, and the building & construction, automotive & transportation, and electronic industries in emerging economies. This driving factor is boosting the demand for silicone resins industries.

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Global advanced tire market forecast at $1.34 billion by 2030

The global advanced tires market size is expected to be valued at $248.7 million in 2020 and is projected to reach $1,349.7 million by 2030, registering a CAGR of 18.4% from 2020 to 2030. Asia-Pacific will account for the highest share in 2020 and is expected to be the highest contributor to the global market, in terms of revenue, during the advanced tires market forecast.

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Yokohama promotes two executives

Yokohama Tire Corporation (YTC) President and CEO Jeff Barna announced two management changes effective July 1. Stan Chandgie was promoted from vice president of consumer sales to executive vice president of sales and support; and Heather Adelman, director of strategic accounts, consumer sales, was named vice president of consumer replacement sales.

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Apollo Tyres and Ashok Leyland launch COVID help line for truckers across India

Apollo Tyres and Ashok Leyland together has launched the ‘Saarthi’ COVID helpline for the trucking community. This helpline, targeted towards truck drivers, helpers and their family members, will provide COVID consultation, vaccination guidance and non-COVID consultation (for other diseases). This pan-India helpline service is available in five languages, including Hindi, Tamil, Telugu, Marathi and Assamese, as of now. The Telerad Foundation is the technical partner for the helpline service.

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Engel establishes digital solutions sales team

Head of the new digital solutions sales unit is Hannes Zach, previously head of sales and marketing at TIG and with the Engel Group since 2000. “Ongoing development of our sales approach helps us to ensure that our customers continue to have a fast and uncomplicated communications channel to our experts. This makes us the global one-stop shop for digital transformation in the injection molding industry,” says Hannes Zach. TIG has been a member of the Engel Group since 2016 and will continue to be managed as an independent company in the future. In the areas of development and service, TIG continues to operate independently of Engel.

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Elkem presents PURESIL products at Expo Cosmetica

Expo Cosmética, a cosmetics industry trade show held in Mexico, will take place this year July 13-16 in a virtual format. During this event, the cosmetics sector is getting together where science, technology, innovation, marketing, business, art and design meet. This event allows companies to feature their latest innovations, products and trends they are following. Today’s consumers expect their luxe beauty products to be tailored to their specific needs, while meeting sustainability criteria and delivering flawless skin.

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