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Global rubber market expected to reach $51.21 billion by 2027

utomotive industry owing to its insulation property, and will propel the growth of the market during the forecast period, states Fortune Business Insights, in a report, titled “Rubber Market Size, Share and Industry Analysis, By Type (Natural, and Synthetic), By Application (Tire, Non-Tire Automotive, Footwear, Industrial Goods, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 40.77 billion in 2019

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Teijin Frontier develops eco-friendly polyester nanofiber for reinforced rubber

Teijin Frontier Co., Ltd., the Teijin Group’s fibers and products converting company, announced that it has developed an eco-friendly staple polyester nanofiber that offers excellent performance to reinforce rubber uses in products including automotive tires, hoses and belts. Teijin Frontier will start production in 2023 and expects sales to reach JPY one billion (nearly USD 8.2 million) by the fiscal year ending in March 2028.

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Bridgestone and LanzaTech partner to develop end-of-life tire recycling

Bridgestone Americas (Bridgestone) announced an exclusive partnership with Carbon Capture and Transformation (CCT) company, LanzaTech NZ, Inc. (LanzaTech) to address end-of-life tire waste. The two companies will co-develop the first dedicated end-of-life tire recycling process leveraging LanzaTech’s proprietary CCT technology, creating a pathway toward tire material circularity and the decarbonization of new tire production. 

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