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…
Category: Industry News
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…
Malaysia’s natural rubber production fell 28.7% in February
According to the Malaysian Department of Statistics, the country’s natural rubber (NR) production declined 28.7 % in February to 63,246 tonnes from 88,698 tonnes produced in the same month last year. The smallholdings sector accounted for 91.4 % of the…
Tyre market in China predicted to grow at a CAGR of over 10% by 2023
According to a report titled “China Tire Market By Vehicle Type, By Demand Category, By Radial Vs, Bias, By Rim Size, By Price Segment, Competition Forecast and Opportunities, 2013-2023”, the tyre market is projected to grow at a CAGR of…
Vietnam-Philippine automotive market poised for positive growth in 2018
According to market intelligence firm Frost & Sullivan’s, the Vietnam and Philippine automotive markets are poised for strong economic prospects and policies supporting the automobile industry. In Vietnam, new car sales volume in 2018 is expected to grow to 256,000 units, up…