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Green tire market forecast to exceed $85 billion by 2033

RubberWorld 727 Views

The growth of the green tire industry is driven by increasing environmental awareness, stringent government regulations on carbon emissions, and the rising demand for fuel-efficient vehicles. Consumers are increasingly opting for eco-friendly products, and green tires, made with sustainable materials and energy-efficient production methods, fit this demand. Advances in technology, such as the development of low rolling resistance tires, also contribute to the industry’s expansion, as they help reduce fuel consumption and emissions. Additionally, the growing popularity of electric vehicles, which require specialized tires, further boosts the market.

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Global performance elastomer market forecast with 7.9 percent growth rate through 2032

RubberWorld 687 Views

Global Performance Elastomer Market is valued approximately at USD 18.19 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.29% over the forecast period 2024-2032 according to ReportOcean.com. Performance elastomers are a unique class of polymers characterized by their remarkable flexibility and resilience, allowing them to revert to their original shape upon the removal of deforming forces.

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High-temperature sealants market forecast at $9.95 billion by 2036

RubberWorld 698 Views

The high-temperature sealants industry is thriving, driven by demand across sectors like automotive, aerospace, and manufacturing. Industries are increasingly pushing the limits of material performance, requiring sealants that can endure extreme conditions without compromising safety or efficiency.
As per predictions the high-temperature sealants market size was over USD 5.21 Billion in 2023 and is anticipated to reach USD 9.95 Billion by 2036, growing at around 5.1% CAGR during the forecast period i.e., between 2024-2036.

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GM confirms layoffs of over 1,000 salaried employees

RubberWorld 615 Views

General Motors (GM) recently announced significant layoffs, impacting over 1,000 salaried employees in its software and services division. This decision comes as part of a broader strategy to streamline operations and enhance efficiency. The layoffs will affect employees across various locations, including Michigan, California, Texas, and Canada. GM spokesperson Kevin Kelly stated that the company aims to simplify its structure to achieve speed and excellence, making bold choices to prioritize impactful investments.

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Tire Group International acquires Avaun Tire Supply

RubberWorld 467 Views

Tire distributor Tire Group International (TGI) announces it has acquired Avaun Tire Supply, a wholesale distributor based in Portland, Ore.

Avaun and TGI have been partners since Avaun was founded in 2016 by Sherko Rasouli and Freddie Capshaw.

“This strategic move is part of TGI’s ongoing expansion plans in key markets across the USA, reinforcing its commitment to growth and customer service,” TGI said in a news release.

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Synthetic latex polymers market forecast growth rate of 5.5 percent through 2032

RubberWorld 674 Views

Global Synthetic Latex Polymers Market is valued at approximately USD 40.6 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2024-2032 according to Report Ocean. Synthetic latex polymers, often referred to as synthetic latex, are manufactured materials comprising polymer particles dispersed in water. Created via emulsion polymerization involving monomers such as styrene, butadiene, acrylic acid, vinyl acetate, or ethylene, these polymers are critical in multiple industries due to their durability, flexibility, and adherence properties.

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Maxam Tire promotes Jeremy Edds to national account sales director

RubberWorld 427 Views

MAXAM Tire announced the promotion of Jeremy Edds to the position of SOTR & National Account Sales Director. Jeremy’s extensive background in the tire and transportation service industry, coupled with his demonstrated leadership and expertise, positions him perfectly to drive growth and success in this critical role.

Jeremy’s journey in the tire industry began at just 17 years old, when he started working in tire and service industry. Over the years, he has amassed a wealth of experience, earning a diploma from AC-Delco automotive technical college and an ASE Master Tech certification. His early hands-on experience led him to various operational and service sales positions, building a strong foundation for his future career.

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Scrap Tire Research and Education Foundation receives $3.7 million EPA grant

RubberWorld 484 Views

Scrap Tire Research and Education Foundation (STREF), based in Washington, DC. STREF has been awarded US$3,778,326 to develop EPDs for the tire recycling industry. This project focuses on creating a product category rule (PCR) for tire recycling, aiming to fill a gap in the industry’s data on environmental impacts.

The project will highlight the use of ground tire rubber (GTR) from recycled tires as a low-carbon modifier in asphalt mixtures. GTR’s inclusion in asphalt helps extend pavement life and maintain smoother surfaces, improving vehicle fuel efficiency and reducing overall environmental impacts.

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