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Global off-the-road (OTR) tire market expected to reach 4 percent through 2025

  1/14/2021 - Selbyville, DE - Market Study Report LLC recently added a new title, 2020-2025 Global Off-the-Road (OTR) Tire Market Report, from its database. The report provides study with in-depth overview, describing about the product, size, share and industry scope, and elaborates on themarket outlook and status to 2025. The global off-the-road (OTR) tire market is expected to be around 4 percent during 2020-25. The growth is expected to peak during 2022-25. COVID-19 has massively impacted the global off-the-road (OTR) tire market. The pandemic had brought global construction activities to a standstill in the first half of 2020. Lockdowns, reverse labor migration in APAC and the Middle East, improper logistics support to construction equipment in North America and Europe, etc., massively impacted the construction industry. Further, the downward spiral of crude oil prices and supply glut during the same period choked the construction activities in several economies in the Middle East and Africa eventually, negatively impacting the new orders for OTR tires. The market is expected to exhibit a gradual recovery in the Asia-Pacific led by the resumption of construction activities in India and China in the second half of 2020. The OTR tire sales in Middle East and Africa are set to rally at a considerably slower pace in contrast to other regions. With the proliferation of mining and rising OTR, the vehicle fleet is expected to gradually fuel the OTR tire market during 2020-25. Due to the increased machine-hours, the demand for the OTR tires agricultural tractors, construction and mining equipment is expected to heighten post-2022. Replacement demand is anticipated to completely outperform OEM in the forthcoming years by a substantially wider margin. North America and the Asia-Pacific acquired the majority market share in the global OTR tire market due to the presence of several OEMs exporting construction equipment to diverse regions, and the continuous rise in the number of construction activities. Increased industrial automation is expected to enhance the global OTR tire market from 2020-25. The concentration of the index of the competition in the global OTR tire market is moderate in 2020. However, Bridgestone, Yokohama, Goodyear, Michelin and Continental were the most dominant forces in 2019 with a global presence, a robust manufacturing and distribution network, in addition to growing direct sales to OEMs such as JCB, Komatsu, Liebherr, Volvo, Hitachi, Case, etc.

Friday, January 22, 2021

Guill Tool & Engineering rolls out new website - click to expand

NovationSi and Zeon develop novel electrically conductive silicone compounds - click to expand

Hankook Tire selected as original equipment for Audi RS Q8 - click to expand

North America tire market forecast at $90 billion by 2025 - click to expand

Book of the day: Thermoplastic Elastomers - click to expand

Dunlop Motorcycle Tires announces price increase for U.S. and Canada - click to expand

Thursday, January 21, 2021

Bostik invests in joint venture with Cartell Chemical for development of engineering adhesives - click to expand

Bridgestone and NRGene announce sequence and assembly of guayule genome - click to expand

Freudenberg Medical expands U.S. molding operations - click to expand

Global silicone surfactants market forecast at $3.3 billion by 2026 - click to expand

Safic-Alcan further extends partnership with Arkema molecular sieves - click to expand

Cabot Corporation receives platinum rating for its sustainability efforts from EcoVadis - click to expand

Wednesday, January 20, 2021

GRI initiates phase 2 for the largest specialty tire plant in Sri Lanka - click to expand

Call for abstracts issued for 2021 International Elastomer Conference - click to expand

ExxonMobil introduces new Santoprene integrated thermoplastic vulcanizate - click to expand

Henkel expands collaboration with InterPRO for 3D application development - click to expand

Greenergy invests in advanced biofuels project - click to expand

German and International Rubber Conference 2021 postponed due to COVID-19 - click to expand

Tuesday, January 19, 2021

Wallace Instruments partners with ACE Products & Consulting LLC - click to expand

Lux Research names top five technologies disrupting the chemicals and materials industry - click to expand

Endurica named winner of the 2020 Tibbetts Award from the U.S. Small Business Administration - click to expand

Polyurethanes Technical Conference set to resume in Denver, CO, October 4 - click to expand

BKT renews its sponsorship for all competitions organized by Curling Canada - click to expand

Greenergy opts for Haldor Topsoe’s HydroFlex technology - click to expand

Monday, January 18, 2021

General Silicones announces solution for using hot-melt adhesives with silicone rubber - click to expand

Biesterfeld receives distribution rights for Denka acrylate rubbers - click to expand

Rubber Division, ACS, promotes rubber groups and technical organizations - click to expand

Apollo inaugurates specialized service center for tires in India - click to expand

TechnoBiz announces research webinar on Future Applications of Natural Rubber - click to expand

Harwick Standard announces retirement of Daniel Davis - click to expand

Market Reports

Rubber-internal mixer market will register a 0.3% CAGR through 2025 - click to expand

North America tire market forecast at $90 billion by 2025 - click to expand

Global silicone surfactants market forecast at $3.3 billion by 2026 - click to expand

Global Off the Road (OTR) Tire Market is expected to be around 4 percent through 2025 - click to expand

Global Automotive Tires Market to reach $575 billion by 2025 - click to expand

Global carbon black market is projected to expand at a CAGR of 4.4 percent through 2026 - click to expand

Global rubber gloves market size is expected to reach $22.1 billion by 2027 - click to expand

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