Goodyear’s second quarter 2022 sales were $5.2 billion, up 31% from a year ago. The increase was driven by the Cooper Tire merger, improvements in price/mix, higher volume, and increased sales from other tire-related businesses.
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Continental is going to use BIOVYN™, bio-attributed PVC, from INOVYN in the production of its technical and decorative surface materials for its automotive customers. The agreement will help to reduce its carbon footprint and meet customer demand for sustainable bio-based products.
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– The global Modified Silicone market was valued at US$ 634.4 million in 2020 and it is expected to reach US$ 857.5 million by the end of 2027, growing at a CAGR of 4.4% during 2021-2027.
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– The global highly reactive polyisobutylene (HR-PIB) market was valued at US$ 330.6 Mn in 2021. It is estimated to grow at a CAGR of 7.0% from 2022 to 2031. The global highly reactive polyisobutylene (HR-PIB) market is expected to reach US$ 607.9 Mn by the end of 2031 according to Transparency Market Research.
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Rubber is a staple commodity in industrial supply chains but the price is extremely volatile and is currently at record lows. Indonesia, Thailand, and Malaysia account for almost 70% of natural rubber and they have cut their exports as a result of plummeting prices. Thus, there is a shift towards synthetic rubbers such as hydrogenated nitrile butadiene rubber, especially in emerging economies. As the world’s population is growing rapidly, urbanization is the need of the hour. A large middle class demands real estate and self-mobility as both are usually viewed as a status symbol. Synthetic rubbers find widespread application in high-performance products directly contributing to the growth of the hydrogenated nitrile butadiene rubber market.
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Report Oceans recently published a study in which it evaluated the growth of elastomers in the 3D printing market. The organization estimates that the elastomers market will reach 1.389 billion dollars within eight years, with an annual growth of 22.5% from 2022 to 2030. The healthcare and automotive sectors are expected to be the two markets that will largely be responsible for this increase. One big reason that suggests that is the fact that elastomers have many interesting properties for these two demanding sectors.
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AkzoNobel announces an Extraordinary General Meeting (EGM) to be held on September 6, 2022.
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Huntsman Corporation has published its 2021 corporate sustainability report titled, “Brightening the Horizon: Enabling Sustainability,” on its website at Huntsman.com/sustainability. The interactive HTML report highlights many of the ways Huntsman products offer critical solutions to today’s most pressing sustainability challenges.
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Built for use on SUVs, Hankook Dynapro HPX is a touring all-season tire designed to provide refined handling, extra comfort and low noise throughout all seasons. With improved mileage performance, it can drive the longest distance among Hankook’s SUV products.
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WACKER will be premiering its novel ELASTOSIL® LR 3078 product series at K 2022 International Trade Fair for Plastics and Rubber. These self-adhesive liquid silicone rubber grades cure extremely fast and establish a firm bond with the thermoplastic polycarbonate without the need to pretreat its surface. ELASTOSIL® LR 3078 was designed for two-component injection molding and enables cost-effective large-scale production of multicomponent parts, such as those needed in medical technology and the automotive industry. This year’s K show will take place in Düsseldorf, Germany, from October 19 to 26
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