Automotive green tires market forecast at $175 billion by 2027

Global Market Insights, Inc. has recently added a new report on the automotive green tires market which estimates the market valuation for automotive green tires will cross US$ 175 billion by 2027. Increasing regulations pertaining to vehicle emission reduction, rising popularity of sustainable & eco-friendly vehicles, and increasing global automotive demand will prosper the product demand

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Latin America and Caribbean automotive tire market forecast at $4.5 billion by 2027

The Latin American and Caribbean automotive tire market is segmented on the basis of season type, rim size, vehicle type, and channel. Based on season type, the all-season segment held the largest share in 2019, accounting for nearly 90% of the market. However, the summer segment is estimated to register the highest CAGR of 4.2% from 2020 to 2027.

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Versalis and Bridgestone partner to build high-performance tires

Versalis and Bridgestone EMIA have signed a joint development agreement for the research, production and supply of synthetic rubber with advanced properties.

The Research and Development divisions of the two organizations will collaborate, using an Open Innovation model, to develop technologies and new elastomer grades, including Styrene Butadiene Rubber (SBR), for the production of high-performance tires. Versalis will leverage the expertise of its Research Center at Ravenna and Ferrara, while Bridgestone will use its Technical Center Europe near Rome. more…

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Global tire-derived fuel (TDF) market forecast at $430 million by 2025

Tire-derived fuel is often used as a supplemental fuel at cement and paper & pulp facilities. In recent years its demand is seen a steady rise as TDF improves boiler efficiency, reduces carbon emissions, and cuts down fuel costs. As end-use industries regain momentum in the post-COVID-19 economy, analysts anticipate that they will stoke the usage of TDF as well. As of 2019, the cement industry held a 50% share in the global tire-derived fuel market. The publisher predicts the trend will continue as construction activities make a comeback in full swing. more…

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