According to a new report published by Allied Market Research, titled, “Hydraulic Pump Market,” The hydraulic pump market size was valued at $9.3 billion in 2020, and is estimated to reach $14.2 billion by 2032, growing at a CAGR of 3.4% from 2023 to 2032.
Read MoreSumitomo Rubber North America, a subsidiary of Sumitomo Rubber Industries, Ltd., announced that Bob Klimm has been appointed Director of Corporate Accounts.
Klimm started with SRNA in 2009, and has led Falken’s Commercial Truck Tire business since 2015. In his new role, Klimm will focus on supporting the growth and success of SRNA’s main corporate accounts.
Read MoreMagna TPMS offers real-time organization pressure and temperature monitoring with alerts on moderate and extreme readings, 24/7, even when the machine is unpowered. Whilst the system allows users to swiftly react to situations in the field by identifying problems early on and providing prompt insights. Automatic emails of actions can be sent from the system to the appropriate person within the organization and can be easily linked to a Desktop version as well as a mobile App (iOS/Android). Thanks to the GPS location tracking of Magna TPMS, the system monitors distance travelled, and hours used for tire usage statistics.
Read MoreThe tire-cutting machine market is expected to attain a valuation of US$ 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.
Read MoreISCC 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.
Read MoreThe 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.
Read MoreThe 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.
Read MoreThrough 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.
Read MoreThe 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.
Read MoreIn 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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