Pharmaceutical tubing market forecast at $6 billion by 2028

The biopharmaceutical tubing market is expected to reach $6,013.27 million by 2028 from $3,442.82 million in 2021; it is estimated to grow at a CAGR of 8.3 percent from 2021 to 2028, according to Report Linker. The factors increasing elderly population in world, and rising demand for minimally invasive procedures are contributing to the market growth. However, the stringent regulatory frameworks hinder the biopharmaceutical tubing market growth. Biopharmaceutical tubing is specifically designed to meet critical needs of biopharmaceutical and medical industries. This tubing is produced by the extrusion process and is extensively used in drug delivery systems, feeding tubes and peristaltic pumps, as well in a wide range of minimally critical invasive applications, including stent delivery systems, cardiovascular catheters and urological retrieval devices.

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Spectrum Plastics Group announces building renovation and cleanroom expansion

The 105,000 square foot facility is increasing the size of the Class 8 cleanroom manufacturing space to a total of 10,000 square feet, investing in additional molding machine capacity, renovating the office and employee amenity space and further updating the facility to reflect the modern state of the art and highly technical molding services provided to customers. Paul Schmeling, senior vice president of specialty molding, said of the expansion, “Spectrum has been quietly investing in this market segment by adding 15 new molding machines over the last three years. This cleanroom expansion furthers that commitment with the purchase and installation of another 10 molding machines over the balance of this year and next.” A majority of that capacity will be in 110 ton and less injection molding machines, representing the company’s focus on high precision, small and micro-molded parts serving the medical and defense industries.

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Project Portfolio Management joins Revyre in end-of-life tire disposal

Sydney, Australia –  REVYRE Australia and New Zealand have stepped up a gear in the waste tire sector, raising capital and partnering with Project Portfolio Management P/L (PPM).The MOU with PPM brings a highly capable team with the right values, project management and operational capabilities in the mining and heavy industrial sectors to support REVYRE accelerate and realize our strategy.

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Pre-Q Galgo Corporation unveils extreme winter tread for the U.S. and Canadian market

Pre-Q Galgo’s new WMP (winter mileage performance) tread was developed to withstand extreme temperatures down to 80 below. It is Three-Peak Mountain Snow Flake (3PMSF) certified and received a rating of “excellent” for traction. The unique interlocking sipe design and a stable block pattern provide for extreme traction, mileage, even wear and improved handling.

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Global tire market forecast to produce over 2.7 billion tires by 2026

The global tire market is an allied market to the rapidly shifting automotive market. As vehicles are getting more efficient, infrastructure is getting smoother, the tire market finds itself a suitable pedestal to grow upon. As per the research conducted by Bonafide Research, under the title, Global Tire Market Outlook, 2026, the global tire market is evaluated to be selling more than 2,000 million tires annually as of 2020. The tire market globally is expected to grow to more than 2,700 million tires by the year 2026.

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Global tire cord market forecast at $7.89 billion by 2026

According to Stratistics MRC, the global tire cord fabrics market is accounted for $4.15 billion in 2017 and is expected to reach $7.89 billion by 2026 growing at a CAGR of 7.4 percent during the forecast period. Rise in vehicle usage and growth in the awareness for biodegradable products are some of the factors propelling the market growth. However, fluctuating raw material prices is hindering the market growth.

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Maxam Tire debuts its biggest mining rigid haul truck tire at the 2021 MINEXPO

MAXAM Tire North America will be showcasing its advancement and growth in the mining industry at the MINEXPO 2021 in Las Vegas, NV, Sep 13th-15th, booth #27811 in South Hall. Visitors will explore the advantages that truly differentiate MAXAM Tire from its competitors. The company will be displaying its largest mining tire, the 53/80R63 MS453, along with other products that provide a comprehensive solution to maximize mining operations globally.

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