Struktol - A World of Capabilities

News and week in review on rubberworld.com

Scroll down for more news

Click here to subscribe to the daily news

Industrial rubber products market forecast to reach $174 billion by 2027

  1/14/2020 - Pune, India - Transparency Market Research's market report for industrial rubber products forecasts a 6 percent CAGR during the period 2019-2026, with a market value estimated to reach $174 billion by 2027. Innovations in synthetic rubber are triggering growth for the industrial rubber products market. As such, styrene butadiene rubber is anticipated to dominate the global industrial rubber products market with the second-highest production among all rubber types, estimated to reach an output of ~7,500 kilo tons by the end of 2027. Hence, manufacturers are innovating new synthetic rubber solutions to improve tire technology. For instance, in March 2019, Trinseo, a provider of chemical material solutions, revealed that, the company is presenting a new grade of multifunctionalized styrene butadiene rubber tires at a trade fair in Germany. The growth of the SUVs and light trucks market has triggered the demand for multifunctionalized tires. Manufacturers in the industrial rubber products market space are increasing their efficacy in the production of multifunctionalized synthetic tires, since these offer excellent mechanical properties and increased fuel efficiency. Multifunctionalized tires are gaining widespread application in the automotive industry, since they overcome the challenges of physical stability and safety better as compared to conventionally-made tires. The easy-to-process attribute of multifunctionalized synthetic tires is boosting the manufacturing capabilities of companies in the industrial rubber products market space. The demand for industrial rubber products is largely dependent on innovations in auto components and motor vehicle output. Likewise, the automotive industry is estimated to account for the highest usage of industrial rubber products among all the end-use industries, predicted to consume ~30,700 kilo tons by 2027. The growing demand from the automotive industry and rise in application of rubber products in various end markets have triggered growth for the industrial rubber products market. Increased adoption of autonomous and battery vehicles is another driver for the growth of the industrial rubber products market. The demand for synthetic rubber types is projected to be on the rise due to the introduction of nano technology. This trend might hamper the demand for natural rubber. Despite technological innovations, natural rubber is predicted for high revenue growth, and dominates the industrial rubber products market in terms of high value and volume. Manufacturers are tapping into opportunities with the growing preference for nitrile latex in medical glove production. Companies in the industrial rubber products market are focusing on expanding their business in Asia Pacific. This is because Asia Pacific is projected to progress rapidly in terms of market volume share, from a record of ~40 percent in 2018 to ~47 percent by 2027. Moreover, China, India and Indonesia are rapidly expanding in the industrial rubber products landscape, owing to the easy availability of raw materials and labor. Due to favorable government tax incentives and subsidies, low-cost destinations in Asia Pacific are attracting major rubber recyclers to set up their manufacturing base. Automobile giants are increasing the penetration of motor vehicles in rural areas of developing countries in Asia Pacific. Burgeoning increase in construction and infrastructure activities, owning to low labor and operating costs, are catalyzing market growth in Asia Pacific. Likewise, increasing exports of rubber products and rubber-canvas footwear from India are boosting overall revenue growth of the Asia Pacific region. Stringent government regulations in the industrial rubber products market have given rise to the widespread application of reclaim rubber. As stakeholders in various end markets are becoming increasingly aware about the repercussions of scrap rubber ending up in landfills, and also due to fluctuating oil prices, they are using reclaim rubber over synthetic rubber. Unique properties of reclaim rubber such as excellent versatility and durability are making it a popular choice among manufacturers in the industrial rubber products ecosystem. Reclaimed rubber is also associated with reduced processing costs and easy availability of raw materials, which makes it a cost-efficient option for manufacturers in the industrial rubber products market. Easy availability of waste tires and the advent of recyclable materials are triggering the demand for reclaim rubber. However, innovative elastomer-based products pose a threat to reclaim rubber; although, elastomer is associated with very weak intermolecular forces and high failure strain as compared to rubber. Hence, manufacturers should increase the availability of industrial rubber products with high intermolecular forces and low failure strain for the construction and automotive sectors.

Friday, August 7, 2020

Lubrizol Corporation acquires Avid Product Development - click to expand

Michelin X One Line Energy T2 tire launches for the North American line-haul market - click to expand

Titan International reports second quarter decrease in sales - click to expand

Global automotive rubber molding components market forecast at $57 billion by 2026 - click to expand

Yokohama Tire celebrates tenth year as sponsor of the Los Angeles Angels - click to expand

Brenntag opens full-line distribution center in Ohio - click to expand

Thursday, August 6, 2020

Cooper Tire announces 194th consecutive quarterly dividend - click to expand

Latin American & Caribbean Tyre Expo postponed until 2021 - click to expand

Continental expands research and development operations in northeast Indiana - click to expand

Right Lane Industries acquires Belt Concepts from Contitech - click to expand

Apollo Tyres reports record June sales for replacement tires in India - click to expand

Wednesday, August 5, 2020

USTMA projects U.S. tire shipments will decrease to 279.4 million units in 2020 - click to expand

Global liquid silicone rubber market to reach $3.5 billion by 2027 - click to expand

Morgan Polymer Seals designs capless refueling seal for General Motors Cadillac CT6 - click to expand

Davis-Standard markets elastomer solutions at RubberTech China - click to expand

Magna Tyres opens Czech Republic office - click to expand

Bridgestone names Charlie Rule president of Latin America operations - click to expand

Tuesday, August 4, 2020

Sterling Systems & Controls introduces customized system for rubber compounding applications - click to expand

BASF opens distribution center for Colors & Effects brand in Germany - click to expand

Shin-Etsu Chemical develops improved silicone emulsions - click to expand

Global automotive aftermarket forecast at $638 billion by 2027 - click to expand

TBC Corporation donates 200 computers to local schools - click to expand

Cooper Tire reports $6 million loss for second quarter - click to expand

Monday, August 3, 2020

Siempelkamp adds two executives to management team - click to expand

Continental partners with CoxReels to provide hose management solutions - click to expand

Arkema reports second quarter 2020 results - click to expand

Goodyear reports second quarter sales results - click to expand

Electronic adhesives market size projected at $4.9 billion by 2025 - click to expand

ACE Products & Consulting acquires GEOAnalytical - click to expand

Friday, July 31, 2020

Top Glove petitions against U.S. import ban - click to expand

Impressio and MedShape awarded National Science Foundation grant to develop liquid crystal elastomer - click to expand

Orion Engineered Carbons to present at Jefferies Virtual Industrials Conference - click to expand

Dow honored with two awards at 2020 Ringier Technology Innovation Awards - click to expand

Global agricultural tire market projected to reach $15 billion by 2030 - click to expand

Global fluorine silicone rubber market forecast at $232 million by 2027 - click to expand

Market Reports

Global automotive rubber molding components market forecast at $57 billion by 2026 - click to expand

Global Liquid Silicone Rubber Market to Reach $3.5 Billion by 2027 - click to expand

USTMA projects U.S. tire shipments will decrease to 279.4 million units in 2020 - click to expand

Global automotive aftermarket forecast at $638 billion by 2027 - click to expand

International Rubber Studies Group estimates sharp decline in global rubber demand - click to expand

Global agriculture tire market is projected to reach $15 billion by 2030 - click to expand

Global silicone market forecast with a CAGR of 6 percent through 2024 - click to expand

Electronic Adhesives Market size for electronics is projected at $4.9 billion by 2025 - click to expand

Global OTR tire market size is projected to reach $26 billion by 2027 - click to expand

Global fluorine silicone rubber market forecast at $232 million by 2027 - click to expand

Subscribe to daily news

Sign up for Daily News Email Update

RubberWorld will now notify you with an email when we update our daily news. Simply enter you email address in the boxes below and click the send button*, and you'll know the news as soon as we do!

email

email (confirm)

Type RUBBER in this field (prove you're human) in CAPS


* be sure to click the send button

By submitting your email address to RubberWorld you agree to allow Rubber World to send you daily email notifications relating to news in the rubber industry. See our privacy terms for more details