Despite numerous hits that downplayed the natural rubber (NR) market over 2018/2019, its total downfall was prevented and ING Research analysis highlights rallying causes that supported the market. An early wintering season in Southeast Asia and strategic seasonal storms has…
Category: Industry News
Global auto tyre inflation systems market to grow by 5.6%
The global automatic tyre inflation system market is expected to change by specific drivers and restraints from 2017 through 2027 – the market will reportedly register a CAGR of 5.6% during this forecast period, with an overall positive outlook for…
Gloves Industry: Malaysia, hand-in-glove with the rubber glove market
Though competition is tight in the gloves industry, according to Malaysia’s industry players, nobody is backing down from meeting the rising global demand for gloves…
Global demand for badminton shoes to exceed US$2 bn in 2019
Global sales of badminton shoes are expected to cap over 53,400 units in 2019, with global demand surpassing US$2 billion, according to Fact. MR’s Badminton Shoes Market research for the period of 2018-2028.The badminton shoes market is estimated to grow…
Malaysia’s Rubber Board faces moratorium on property development
The Malaysian government has imposed a moratorium on the Malaysian Rubber Board (MRB) in regards to its property and real estate development activities. Primary Industries Minister Teresa Kok announced the news in an interview session in Putrajaya recently. In the…
Malaysian government to allocate RM42 mn for rubber smallholders
The Malaysian Finance Ministry, after being alerted by the Sabah Government and the Sabah Rubber Industry Board (LIGS), has announced a welfare aid totaling RM42 million for rubber smallholders in Sabah following the monsoon season. The sum will be distributed…
Cambodian rubber exports increase despite declining global prices
The Cambodian General Directorate of Rubber under the Ministry of Agriculture, Forestry and Fisheries reported a 23% increase in rubber exports with an average price of US$1,279 per tonne for the first quarter of 2019–about US$61 million in revenue. The…
Oqema acquires chemical distributor EVS
German chemical distribution company Oqema Group has acquired Italian chemical firm Elettrochimica Valle Staffora (EVS). EVS’s business line covers the full organic and inorganic product ranges in the following business lines: industrial, food, pharmaceuticals and cosmetics, water treatment, and rubber…
Global automotive tyre market to be valued at $645bn by 2027
The global automotive tyre market expects an overall robust growth rate during the forecast period with a CAGR of 6.3% and will have an anticipated value of about US$645 billion by end-2027. Passenger vehicles are expected to lead the global…
Retread tyres market sales projected to increase by US$9 mn
The global retread tyres market value is expected to increase by a CAGR of 4.6% during the 2018-2028 forecast period as reported by Future Market Insights (FMI) – the global sales of retread tyres are estimated to be valued at…