According to a new report published by Allied Market Research, the global disposable medical gloves market was valued at US$3,819 million in 2016, and is projected to reach US$5,994 million by 2023, growing at a CAGR of 6.9% from 2017 to 2023. In 2016, the…
Category: Industry News
Polyisoprene rubber market to grow at a CAGR of 7.29% from 2018 to 2022 – report
According to the Global Polyisoprene Rubber Market 2018-2022, the global polyisoprene rubber market is predicted to grow at a CAGR of 7.29% during the period of 2018-2022. One trend in the market is rising demand for biomass-derived IR. The use…
Rubber, tyres and conveyor belts among goods affected by further tariff by the Trump administration
The Trump administration recently released a list of about 1,300 goods from China which they might impose a further 25% import duty on. The goods include tyres, conveyor belts and some types of rubber. These tariffs are part of the…
Avon Rubber sells US business for US$9.25 million
Avon Rubber, which produces rubber-based products for the manufacturing sector, has sold a US-based subsidiary for a total cash consideration of US$9.25m (£6.57m). Avon Engineering Fabrications (AEF), which manufactures hovercraft skirt and bulk liquid storage tanks, has been sold to…
Orion to add Specialty Carbon Blacks line in Italy
Orion Engineered Carbons S.A. a worldwide supplier of carbon black, will expand its production capacity at its facility in Ravenna, Italy. The company plans to construct a new specialty Carbon Black line that will provide additional Specialty Carbon Blacks to…
India hit by low natural rubber output
Despite rising consumption, Indian natural rubber production is likely to be 1 lakh tonnes short of the Rubber Board projected figure of 8 lakh tonnes for 2017-18. For 11 months to February 2018, the production clocked 6.49 lakh tonnes, just…
Shares of Comfort Gloves jump 9%
Shares of Malaysian company Comfort Gloves rose 9%. The increase in shares came after the company clarified that its operations were not disrupted by the US Food and Drug Administration’s (FDA) action. The glovemaker gained 9.33%, or seven sen to…
Natural rubber faces oversupply and low price
The riff between U.S and China are causing uncertainty in the natural rubber market affected with oversupply and low price. An agreement by Thailand, Indonesia and Malaysia in late December to reduce exports by 350,000 metric tons expired on March 31. That’s…
The industrial rubber market is projected to reach US$33.82 billion by 2022
The industrial rubber market is projected to grow from US$26.99 billion in 2017 to US$33.82 billion by 2022, at a CAGR of 4.6% between 2017 and 2022. The application segment of the industrial rubber market includes automotive, building & construction,…
Majority of rubber planters in Malaysian state of Sabah are smallholders
Smallholders form the bulk of rubber planters in Sabah. 125,075ha of the 177,766ha of land in the state planted with rubber are managed by smallholders while the rest comprise rubber estates. “Keningau alone has 21,525ha of land planted by 5,902…