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Cellular rubber market forecast at $18 billion by 2035

RubberWorld 658 Views

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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Goodyear SightLine named CES 2024 Innovation Award Honoree

RubberWorld 747 Views

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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Reliance Industries first in India use chemical recycling for circular polymers

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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 acquires Empire and McGee tire recyclers

RubberWorld 425 Views

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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Rapala sells off injection molding business to Muottituote Group

RubberWorld 678 Views

Rapala VMC Corporation has sold group’s entire injection molding business to a Finnish mold and injection molded parts manufacturer Muottituote Group Oy with an agreement signed on the December 22, 2023. With the transaction, Muottituote Group Oy acquires Rapala VMC Corporation’s subsidiary KL-Teho Oy’s real estate located in Korpilahti, Finland, along with the injection molding operations, equipment, and personnel.

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