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Global automotive elastomer market forecast to reach $60 billion by 2023  

Thursday, April 19, 2018

New York, NY - Zion Market Research has published a new report titled “Automotive Elastomers Market by Product (thermoplastic polyether block amides, thermoplastic copolyesters, thermoplastic vulcanizates, thermoplastic polyolefins, styrene block copolymers, fluoroelastomers, acrylic elastomers, nitrile elastomers, polyisoprene elastomers, butyl elastomers and natural rubbers) for Tire and Non-Tire applications by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023’’. According to the report, global automotive elastomers market was valued at around USD 44 Billion in 2017 and is expected to reach approximately USD 60 Billion in 2023, growing at a CAGR of slightly above 5.0% between 2017 and 2023. Elastomers are considered as an alternative to rubber and include materials ranging from high-performance fluoroelastomers to thermoset rubber polymers for automotive and chemical applications. Elastomers are replacing metals for use in high temperature and aggressive chemical environments. It encompasses the need for reliability, durability, flexibility and sealing in automotive applications. The compound is characterized by its resilience property and can regain its original shape after being stretched to twice its length. The increasing acceptance of automotive elastomers coupled with substantial automobile industry growth will garner the product demand in the forecast period. Numerous automotive component suppliers and constructors, especially belonging to Tier1 class are consuming elastomers to downsize their product size and weight. Further, the economic growth rate of any region and country has a major influence on supply and demand scenario of vehicles that will impact the component suppliers business in the automotive industry. Rising trends amongst automobile manufacturers to reduce carbon emissions and fuel consumptions by downsizing their engines is boosting product penetration. Moreover, it helps the engines to achieve elevated horsepower, particularly in sports bike & car. Elastomers enhance vehicle’s lifecycle by helping them to resist chemical attack and withstand extremely high temperature. Automotive elastomers growth rate is faster than global automobile industry, thus market CAGR is anticipated above 5.0% till 2023. Proliferating electric and hybrid vehicles demand is influencing automotive elastomers growth more than other fuel vehicles. Electric vehicles are using high-performance elastomers to enhance their fuel efficiency and reduce carbon emissions. These vehicle manufacturers are substituting steel to compete with internal combustion vehicles in terms of operating range. Moreover, battery charging stations are established to enhance electric vehicle’s operating range. Leading to higher elastomers usage for producing heavy duty cables required in fast charging systems. Regional segmentation of automotive elastomers market comprises of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is projected to grow at a significant rate in the forecast period. The U.S. is supporting the growth of the region owing to increasing environment concerns through vehicle carbon emissions. Manufacturers are inventing high performance elastomeric materials to reduce overall engine weight and increase vehicle fuel efficiency. Companies such as DuPont are introducing elastomeric property materials to achieve a reliable solution for wide range of applications. The Asia Pacific is estimated to capture a substantial share in automotive elastomers market owing to the contribution of Japan, China, and India. Emerging countries such as India is registering huge growth in vehicles demand. China and Japan are relying on electric and hybrid vehicles to curtail carbon emissions in the region. Resulting in high demand for battery charging stations that involves elastomers usage in heavy duty cables. The Chinese government will ban the sale of diesel or gasoline powered vehicle till 2030 and is mandating automakers to produce at least 10% of new vehicles powered with fuel cell, hybrid electric and electric sources from 2019. Japan has a fleet of 150,000 electric vehicles that are sold since 2009 and is recognized as a leading country worldwide for a number of electric vehicles. Luxury car manufacturers in Europe have recognized the region at the global level in automotive elastomers market. Germany is known as the hub of automobile producers such as Audi, Mercedes, BMW, and Volkswagen. These giants are using elastomers to comply with global emission norms along with reducing their vehicle size and weight for high-end sports cars. Certain European countries such as Britain and France are planning to ban the usage of diesel and gasoline powered vehicles by 2040. The initiative will encourage the use of electric and hybrid vehicles leading to rising in product penetration. The economic downturn in South America has led to sluggish automobile growth of the region in past few years. Further, currency devaluation and commodity price crash has shattered the economy with Brazil being widely affected in the crisis. GDP of Brazil will recover in next few years with other countries of the region to register a substantial growth in automobile sector. Peru holds new opportunities in the future while being the least affected economy in the crisis. The country can offer decent employment in the automobile industry for the coming decade. Major players in the market include Dow, JSR Corporation, BASF, SABIC, Zeon Corporation, Arlanxeo, ExxonMobil, DuPont, LG Chem, and Teknor Apex. Companies are adopting the strategies of new product launch, mergers & acquisition, diversification, research, and development to increase their foothold in the market and gain a competitive edge. - * Email

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Continental announced change of outlook that will impact earnings by €150 million  

Thursday, April 19, 2018

Hannover, Germany - Continental announced that exchange rate and inventory valuation effects will impact earnings by around €150 million in H1 2018. This negative impact affects primarily the tire business. Accordingly, the adjusted operating result (adjusted EBIT) for Q1 2018 in the Rubber Group will be about €100 million lower than in the respective period of the prior year. At present, we do not assume that we will be able to compensate for these negative effects in the Rubber Group over the course of the year. We are therefore lowering our outlook for the adjusted EBIT margin of the Rubber Group from about 15 percent to more than 14 percent for 2018. For the corporation, this also results in a decrease in the forecast of the adjusted EBIT margin from about 10.5 percent to more than 10 percent. All other elements of the outlook we published on March 8, 2018 remain unchanged. Continental will publish initial key data (consolidated sales and EBIT*) for Q1 2018 on the occasion of its Annual Shareholders’ Meeting on April 27, 2018. The financial report for Q1 2018 will be published on May 8, 2018. - * Email

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DowDuPont to invest $100 million to expand manufacturing capacity at Sabine River Works  

Thursday, April 19, 2018

Midland, MI - DowDuPont announced a plan to make a series of investments totaling approximately $100 million over the next two years to expand manufacturing capacity and to modernize facilities at the Sabine River Works (SRW) plant in Orange County, Texas. The investments will incrementally expand production capacity to support global growth of specialty materials manufactured at the site, specifically the Surlyn®, Nucrel®, Fusabond® and Vamac® product lines. Additionally, the company is evaluating longer-term plans to invest in a new facility to further support market growth. The joint investment will support customer growth of both the Packaging & Specialty Plastics (P&SP) business of DowDuPont’s Materials Science Division (to be named Dow), as well as the Transportation & Advanced Polymers (T&AP) business of its Specialty Products Division (to be named DuPont). “This is another great example of the power of our historic merger and our ability to quickly respond to customers’ growing needs,” said Diego Donoso, business president for Dow Packaging & Specialty Plastics. “We see tremendous potential to deliver more supply of these iconic specialty products to our customers in the food packaging and consumer goods markets.” The added capacity is expected to come online in several phases starting in 2020 and will enable both divisions to meet growing demand for Surlyn®, Nucrel®, Fusabond® (P&SP) and Vamac® (T&AP) specialty materials used for applications in food packaging, transportation and consumer goods. “With this increased capacity, we will be able to support growth in the automotive space at a time when customer demand for our advanced polymers is very strong,” said Randy Stone, business president for DuPont Transportation & Advanced Polymers. “This investment will enable us to continue to deliver innovative solutions that serve high-growth end markets and reinforces our commitment to enhancing our leadership position in these key market segments.” - * Email

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Lubrizol to highlight its TPU product portfolio at the Adhesives & Sealants EXPO in Miami  

Thursday, April 19, 2018

Cleveland, OH - The Lubrizol Corporation's Engineered Polymers business announces that it will highlight its thermoplastic polyurethane (TPU) product portfolio for adhesives at booth no. 724 at the Adhesives & Sealants Convention Annual Spring Convention & EXPO in Miami, Florida, on April 24. The conference and expo is the largest U.S. gathering for the adhesive and sealant industry and brings together market leaders and adhesive technology formulators. Lubrizol Engineered Polymers will feature highly versatile, easy-to-process polymers commercialized under the Pearlstick(TM) TPU brand for solvent-based adhesives, and under Pearlbond(TM) TPU for hot melts adhesives (HMA), adhesive films and HMPUR (hot melt polyurethane reactive or reactive hot melt) adhesives. Our extensive portfolio includes resins that can be bio-based*, have a higher service life expectancy and can be applied at low-temperature cycles. "Lubrizol has optimized the application of new solvent-free specialties for key HMA applications and is expanding into novel technologies that bring added value into emerging markets like wearables, specialty textiles and apparel, even footwear," states Dave McCaughey, North American business director for Lubrizol Engineered Polymers. "New products in the Pearlbond portfolio have outstanding bonding performance that meet added technical requirements like low-temperature flexibility, Oëko-Tex® compliance and high breathability, while creating durable, high-performing solutions for hot melt adhesive manufacturers." Recent Pearlbond products bring soft touch without the addition of plasticizers and unique benefits for HMAs by improving processability and reducing cycle time. A new video details how high-performing Pearlbond TPU brings things together with design versatility and unique features. Visit us at booth no. 724 at ASC Annual Spring Convention & Expo on April 24, 2018, where we will showcase the winning performance, high quality and durability of our Pearlbond and Pearlstick TPU solutions. - * Email

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TRAC 2018 Rubber Recycling Symposium announced for November in Niagra Falls  

Thursday, April 19, 2018

Niagra Fall, Ontario, Canada - The Tire and Rubber Association of Canada (TRAC), the U.S. Tire Manufacturers Association (USTMA), together with host sponsor, eTracks Tire Management Systems, will be hosting the 2018 Rubber Recycling Symposium on November 7-8 at the Sheraton on the Falls Hotel, Niagara Falls, Canada. This symposium brings together international experts and professionals from the tire and rubber manufacturing sectors, the rubber recycling industry, including processors, transporters, equipment manufacturers and stewardship organizations, as well as government and academia. The event offers a unique opportunity to explore the varied approaches in extended producer responsibility, and to compare successes and opportunities for delivering and meeting our industry’s goals. The event’s “Taking Sustainability to the Next Level” theme starts with the premise that corporate sustainability is fully embedded at the highest level of the industry. But what of the value chain as tires move through the market distribution channels to the final end-user? Do we have sustainable market players throughout the channels who act in accord with corporate sustainability goals and, more importantly, can these players operate in an ethical, social, environmental, cultural and economic sphere in the same way as their major suppliers? To be sure, there are other drivers at play such as economic factors, market conditions and legislative imperatives that can work to either stymie or encourage sustainability. The 2018 symposium will attempt to explore all sides of the issue in order to take the industry’s corporate sustainability where it needs to be. - * Email

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McLube

Featured Website

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U-CAN DYNATEX INC. is a leading worldwide supplier of analytical instruments and testing equipment for polymer industries. The company's first major product, the Rheometer, is primarily used to detect physical property changes induced in polymer materials by chemical reactions during processing. This is a high-tech business that demands professional expertise and precision in areas such as mechanical design and control, sensing signal acquisition and processing, electronic circuit design, analytical software programming, and chemical interpretation of changes in physical properties. Due to the need for cross-sectoral operational integration, U-CAN has established a strong, innovative technical team that strives to meet the needs of customers through continuous research and development.


 
 
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