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Global automotive tire market forecast to reach $645 billion by 2027  

Thursday, October 19, 2017

Valley Cottage, NY - According to Future Market Insights, the global automotive tire market is expected to grow at a robust growth rate during the forecast period, to register a CAGR of 6.3 percent during 2017-2027 and is anticipated to be valued at about $645 billion by the end of 2027. The global automotive tire market is segmented by vehicle type (2/3 wheeler, passenger vehicle, commercial vehicle and specialty vehicle), by sales channel (OEM and aftermarket), by tire structure (radial and bias) and region. The passenger cars segment by vehicle type is expected to lead the global market in terms of growth rate and market share. This segment is anticipated to grow at a high CAGR of 6.8 percent throughout the forecast period. The commercial vehicle segment by vehicle type also shows high potential, and is poised to grow at a CAGR of 6.1 percent during the assessment period. In this category, the light commercial vehicle segment is a high growth segment and is expected to be valued at $102.7 billion by the end of 2027. By tire structure, the radial segment is expected to be valued at $550.2 billion by the end of 2027, and is also anticipated to grow at a robust growth rate throughout the forecast period 2017-2027. By sales channel, the OEM segment reflects a higher growth rate during the period of assessment; however, the aftermarket segment is poised to show high market value by the end of the forecast year. The OEM segment is expected to grow at a CAGR of 6.4 percent during 2017-2027. By region, Asia Pacific, excluding the Japan (APEJ) region and the western Europe region are expected to grow at similar growth rates; however, APEJ is poised to lead the global automotive tire market in terms of high market share by the end of 2027, as it is expected to be valued at around $194 billion by the end of the assessment period. The global automotive tire market research report has analyzed various key players involved in the operations related to automotive tires. Continental AG, Bridgestone Corp., Michelin, Goodyear Tire And Rubber Company, Pirelli & C. S.P.A, Yokohama Rubber Company, Limited, Cheng Shin Rubber Industries, Sumitomo Rubber Industries Ltd., Toyo Tire & Rubber Company, Trelleborg AB, Cooper Tire & Rubber Company, Hankook Tire, Madras Rubber Factory Limited, Kumho Tire Co. Inc., Apollo Tyres Ltd, Sailun Tires Ltd, Shandong Linglong Tyre, Nokian Renkaat Ojy, Titan Tire Corporation and Nexen Tire America Inc. are the key companies profiled in the global automotive tire market research report. - * Email

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Global automotive rubber hoses market to grow at a CAGR of 5.08 percent through 2021  

Thursday, October 19, 2017

Dublin, Ireland - The global automotive rubber hoses market to grow at a CAGR of 5.08 percent during the period 2017-2021, according to Research and Markets. Global Automotive Rubber Hoses Market 2017-2021 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. One trend in the market is increased research and development into lightweight and durable automotive rubber hoses. OEMs of automotive parts are increasingly focusing on reducing the size and weight of automotive components to fit in downsized engines. Vehicle manufacturers are minimizing the weight of every automotive part for collectively arriving at a reduced vehicle weight. According to the report, one driver in the market is rising sales of LPG and CNG vehicles to induce demand for specifically built automotive rubber hoses. Rising dissidence toward diesel vehicles due to their highly polluting nature and increasing stringency of emission regulations against vehicles operating on petroleum-based fuels are driving vehicle manufacturers to develop vehicles operating on alternative fuels, such as liquified petroleum gas (LPG) and compressed natural gas (CNG). Further, the report states that one challenge in the market is fluctuation in prices of natural rubber. Fluctuating prices of rubber increase uncertainty of prices of rubber-based products, such as automotive rubber hoses. Uncertainty regarding prices of automotive components will cause vehicle manufacturers to move toward automotive hoses made from alternate components with stable pricing. - * Email

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Malaysian Rubber Board set to build new headquarters in Sungai Buloh  

Thursday, October 19, 2017

Kuala Lumpur, Malaysia - The Star Online reports that, "The Malaysian Rubber Board’s (MRB) plan to build a new headquarters and other key facilities at Sungai Buloh, announced four years ago, seems to be taking off. In a filing with Bursa Malaysia, Seacera Group Bhd. said it had received a RM 216 million sub-contract from Koridor Padu Sdn. Bhd. to undertake the construction of Rubber Research Institute of Malaysia’s (RRIM) Center of Excellence in Sungai Buloh, Selangor. The tile maker, which also has construction and property divisions, said this project was expected to be completed in 24 months (October 2019). Earlier this month, Mudajaya Group Bhd. clinched a RM 118.6 million contract to build the 16-story Hevea Tower in Sungai Buloh, which is expected to be the MRB corporate headquarters. That project is targeted for completion by September 2019. To recap, MRB had signed an agreement with project delivery partner KLIA Premier Holding’s units in December 2013 to develop its headquarters, as well as a research and development center, a college, a rubber discovery museum center and a business cluster on its 216.5 hectare land in Sungai Buloh. The project, then scheduled to be completed by August 30, 2018, was reported to cost RM 1.1 billion." - * Email

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DuPont announces new guide to advances in plastics and elastomers for automotive air management systems  

Thursday, October 19, 2017

Geneva, Switzerland - One of the most significant challenges faced by car manufacturers today is CO2 and NOx emissions reduction, and arguably the most effective way to meet toughening emissions legislation is to reduce fuel consumption by right sizing and turbo charging engines for greater efficiency. Taking weight out of the vehicle is also a key route to achieving those goals, but the question is, how best to reduce weight? A new white paper just published by DuPont provides many of the answers by demonstrating that replacement of metals with the latest high-performance polymers may be the most effective way to make a vehicle lighter with the added benefits of easier processing, integration of functions and lowering cost. Titled, “DuPont High-Performance Polymers for Automotive Air Management Applications,” the step-by-step guide is written to help design engineers and material specifiers meet the latest engine performance, emissions and lightweighting challenges by using the advanced plastics and elastomers developed by DuPont, including DuPont Crastin polybutylene terephthalate, DuPont Hytrel thermoplastic polyester elastomer, DuPont Kalrez perfluoroelastomer, DuPont Vamac ethylene acrylic elastomer, DuPont Vespel polyimide and DuPont Zytel polyamide. These materials are replacing metals in many air management components, lowering weight by up to 50 percent and costs by some 20 percent compared to metal counterparts, while providing outstanding heat and fluid aging resistance to the hotter, chemically aggressive operating conditions in today’s more compact and increasingly turbocharged engines. “The automotive industry is changing fast, and material suppliers must keep pace with challenging new requirements. At DuPont, we stay a step ahead in the metals to plastics transition with innovative new polymers in the pipeline to ensure that customers really have the right material for the right application. Being a pioneer in the development of blow molded air ducts helped us build our expertise in leading edge polymer technology for air management systems,” says Klaus Bender, global automotive air management leader, DuPont. “This art-to-part capability is summarized in the new white paper, and I invite engineers and specifiers across the industry to download the guide here; it will help provide a fast track to advanced plastics and elastomers that provide lightweight solutions for the latest rightsized engines.” The report reviews emerging market trends and the transition to high performance polymers in air management systems, presents key grades from DuPont’s broad portfolio of rigid and flexible polymers tailored for the automotive industry, highlights successful commercial applications, and explains how the company supports its customers in design, prototyping, processing and laboratory testing. In addition, Section 6 in the white paper, titled, “What’s new from DuPont,” presents the latest product developments, plus a glimpse of innovations to come. “DuPont High-Performance Polymers for Automotive Air Management Applications” can be downloaded at http://www.automotive.dupont.com/air-management-whitepaper. To learn more about DuPont’s performance materials offerings, go to http://www.plastics.dupont.com. - * Email

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Wacker to showcase its new Elastosil LR 5040 liquid silicone rubber line at Fakuma 2017  

Thursday, October 19, 2017

Munich, Germany - At this year’s Fakuma international trade show for plastics processing, the Munich-based chemical group Wacker will be showcasing its new liquid silicone rubber line Elastosil LR 5040. These grades feature excellent mechanical properties after curing even without thermal post-treatment. They contain only few volatile components making the liquid silicone rubber (LSR) compliant with regulatory specifications governing sensitive applications in baby-care, food-contact and medical sectors. In many cases, processors do not need to post-cure the silicone elastomers after vulcanization. Fakuma takes place in Friedrichshafen, Germany, from October 17 to 21. Silicone parts intended for use in the baby-care sector and the food industry in Europe must contain no more than 0.5 percent volatile substances. To ensure compliance with this limit, thermal post-treatment is often necessary. That entails heating the cured parts to temperatures of 200 degrees Celsius for several hours in a ventilated oven. This process step, which specialists also refer to as “post-curing,” accomplishes two things: It eliminates volatiles from the elastomer and improves its mechanical properties. This laborious and expensive procedure will soon be obsolete. “We designed Elastosil LR 5040 in such a way that this silicone rubber already complies with current regulatory requirements governing applications in the baby-care sector and food industry in its non-post cured state,” says Christian Gimber, head of the Engineering Silicones business unit at Wacker. “Thus, in many cases, our customers can eliminate post-curing of silicone parts for sensitive applications.” Rubber parts made of Elastosil LR 5040 are translucent with a delicate blue shimmer. Their volatiles content, without thermal post-treatment, is below the required 0.5 weight percent. Even in its non-post cured state, the silicone rubber already exhibits a high level of tear resistance equivalent to that of a post-cured high-tear-strength standard LSR. As a result, it can withstand even high mechanical stresses as may occur during the usage of baby bottle nipples or pacifiers, for example. These properties make Elastosil LR 5040 the material of choice when manufacturers of baby-care, food-contact or medical products want to do without thermal post-treatment. Typical applications include feeding teats and pacifiers, teething rings, anti-colic valves, bottle tops and seals for food cans, but also respirator masks. Elastosil LR 5040 can be readily processed by injection molding. Since molded parts made of this LSR only have to be post-cured in very few cases, production processes can be greatly streamlined and automated to a high degree. This facilitates very efficient and cost-effective large-scale production. The product line will initially cover a hardness range from 30 to 70 durometer A including 45 durometer A, a universally used grade in the baby-care sector. In the cured state, the actual hardness of the non-post cured silicone rubber deviates by no more than three points. The LSR is translucent and has a delicate blue shimmer, giving the silicone parts a particularly pure, high-quality appearance. Elastosil LR 5040 made its debut at the K 2016 International Trade Fair for Plastics and Rubber in Düsseldorf, Germany, last October. At this year’s Fakuma, the product line again takes center stage, sharing the spotlight with the heat-resistant solid silicone rubber Elastosil R plus 4350/55. “The raw-materials sector has to meet ever tougher legal as well as industrial requirements. For instance, regulatory limits are tightening increasingly, especially as regards the amount of volatiles. This is a challenge for the entire chemical sector and also affects liquid silicone rubber grades,” manager Christian Gimber notes. “In this respect, the trend is mainly being driven by the baby-care, food and automotive industry.” Reducing the volatile components will also have a positive impact on the properties of articles made of Wacker’s LSR grades in general. “We decided to optimize our LSR portfolio and reduce the amount of volatile substances significantly,” Gimber adds. “Thanks to cutting-edge production technologies now in use, we are able to go well beyond legal requirements. We are thus meeting tougher requirements, which immediately benefit our customers in a variety of ways.” - * Email

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