The tire-cutting machine market is expected to attain a valuation of US$ 1,316.7 million by 2024. The market is set to demonstrate a CAGR of 2.5% from 2024 to 2034 according to Future Market Insights. Anticipating a total valuation of approximately US$ 1,735.5 million by 2034, the market indicates growth and encouraging opportunities within its evolving landscape.
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ISCC PLUS is an international sustainability certification for industrial applications, a standard for fully traceable sustainable supply chains that allows companies to track and attribute environmentally friendly raw materials along the entire value chain, through transparent record-keeping and without altering the production process.
The three sites that have achieved this highly valued third-party qualification, the ISCC PLUS certification, are Lubrizol Advanced Materials’ headquarters in Brecksville and the production plants in Avon Lake, Ohio, U.S., and Oevel, Belgium.
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The Global Natural Rubber Market Size is to Grow from USD 16.5 Billion in 2022 to USD 25.2 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 4.3% during the projected period according to Spherical Insights LLP. Natural rubber is an organic elastic hydrocarbon polymer derived from the latex sap of trees in the Hevea and Ficus general.
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The global cellular rubber market size is estimated to reach ~USD 18 billion by the end of 2035 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2035 according to Research Nester. The rise in the automotive, rubber, electronic and space industries will account for the rise in the market growth. Cellular rubber in automotive industry is used for various purposes, such as, load supports, sealing strips, rattle protection and other uses. The market is segmented by product type, by application type, by material type, by end user and by region. The well targeted research and development in the chemical, automotive and other industries will lead to the largest share in the market in the forecast period. The use of the cellular rubber for its application such as confinement and sealing will fuel the market growth.
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Through research, virtual simulation and real-world testing, Goodyear and ZF have identified the potential of an integrated solution in improving vehicle performance and safety. Reducing the risk of hydroplaning, the Goodyear SightLine solution is capable of detecting partial hydroplaning early and offers recommendations for optimal speed to enhance vehicle control. Moreover, when heightened hydroplaning severity is detected, equipped with tire intelligence data, the cubiX software is designed to instruct the chassis actuators to apply corrective measures, stabilizing the vehicle.
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The Goodyear Tire & Rubber Company and TNO, a Dutch research organization, have showcased new possibilities for enhancing vehicle safety by integrating tire intelligence technology into the anti-lock brake system (ABS) controller of a test vehicle.
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In the competitive automotive silicone market, leading players like Henkel, 3M, Elkem ASA, and others are driving innovation through intensive R&D, focusing on durability, sustainability, and performance. Strategic partnerships, mergers, and acquisitions are key strategies to expand market presence and strengthen capabilities
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The Sport EV is available in 10 sizes ranging from 18 to 20 inches, according to Drew Dayton, Yokohama Tire’s senior product planning manager, consumer tires. “It’s the first tire to carry the new E+ badge, which signifies that the tire is compatible with electric vehicles and able to fulfill the unique set of requirements brought by EVs,” Dayton added.
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Reliance Industries Limited (RIL), operator of the world’s largest integrated refining and petrochemical complex, has become the first Indian company to chemically recycle plastic waste-based pyrolysis oil into International Sustainability & Carbon Certification (ISCC)-Plus certified Circular Polymers. This new innovation is a testimony to RIL’s commitment in reducing plastic waste and supporting Circular Economy in India.
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Liberty Tire Recycling announced the acquisition of “Empire Tire of Edgewater” in Orlando, Florida and “McGee Tire” located in Apopka, Florida. Liberty’s acquisition of Empire and McGee—leading central-Florida scrap tire collectors, graders, and haulers—expands the company’s already robust footprint in the state into the growing central Florida market. Liberty will build on the success of these two companies by bringing its industry-leading approach to collections, processing, and recycling of end-of-life tires.
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