Perpetual Rubber has launched the ‘We Buy Rubber” initiative which will see it buy a record amount of rubber this year through new and existing reclamation partnerships. “We are experiencing an unprecedented demand for many types of rubber. Currently we’re…
Category: Industry News
Airless tyres market to grow at 8% CAGR over 2017-2024
The airless tyres market is projected to cross US$200 million by 2024.” High demand from heavy commercial and off-road vehicles coupled with high acceptance from military segment, specifically in developed nations is majorly driving the industry growth. Industry participants are continuously…
Fluorosilicone rubber market research report – forecast to 2024
Fluorosilicone rubber is a type of elastomer which is used in a wide range of applications due to its excellent mechanical and physical properties akin to silicone rubber. In brief, fluorosilicone rubber is called as modified version of silicone rubber…
Tyre material market to worth US$91.23 billion by 2022
The global market size for tyre material was US$73.93 billion in 2017 and is projected to reach US$91.23 billion by 2022, at a CAGR of 4.3% between 2017 and 2022. The increasing sales of vehicles is one of the most significant factors projected to…
Continental creating aqua planing warning system
Technology company Continental is in the midst of developing an automatic system to warn of the risk of aquaplaning. Aquaplaning is the loss of grip on extremely wet roads dramatically reduces the ability to control vehicles and presents a major…
Goodyear and Bridgestone team up to for mega tyre distribution joint venture
The Goodyear Tyre & Rubber Company (Goodyear) and Bridgestone Americas, Inc. today are poised to create a tyre distribution joint venture, one of the largest of its kind in the US. TireHub, LLC, will provide U.S. tyre-dealers and retailers with a comprehensive range…
Karbochem ceases production
South Africa’s synthetic rubber producer Karbochem has ceased all production. It will also stop all commercial activities at the end of May. No explanation of the closure was given. Some say feedstock access could be the reason as Karbochem relies…
IRSG: Challenges beget opportunities; technology disruption sires innovations
Various industries that are reliant on high performance and quality rubbers are advancing at a past pace.Today, opportunities and challenges alike are shaping up innovations in leading industries such as automotive and tyres. These current challenges and prospective opportunities, among…
Top Glove eyes more acquisitions
After snapping up Aspion Sdn Bhd, its largest buy to date, Malaysian company Top Glove Corp Bhd is eyeing more acquisitions. Executive chairman Tan Sri Lim Wee Chai said that the acquisition of Aspion is the company’s largest and is one…
Michelin launches its first fuel-saving tyres called Michelin X Multi Energy
Michelin has launched its new range of fuel-saving tyres called Michelin X Multi Energy. The tyres replace the X Multiway 3D and offer a distinct product choice for regional haulage operators – fuel saving priority or longevity priority. The Michelin…