The industrial rubber market is predicted to reach US$33.82 billion by 2022 from US$26.99 billion in 2017 at a CAGR of 4.6%. The growth is driven by the increasing demand from the automotive and building and construction industries in the Asia Pacific, as the region…
Category: Industry News
Toyoda Gosei to set up auto subsidiary
Toyoda Gosei Co., Ltd. has decided to establish a subsidiary company in Kyushu, Japan and transfer its automotive parts business in that region to the subsidiary. Toyoda Gosei currently has three manufacturing plants in Kyushu (Fukuoka Plant, Saga Plant, Kitakyushu…
CFAO and Michelin enter into joint venture to market high-quality tyres in Uganda and Kenya
CFAO and Michelin announced recently that they have concluded an agreement for the import and distribution of premium quality tyres in Kenya and Uganda. The joint venture is owned 51% by CFAO and 49% by Michelin. The governance is equally…
Hankook expands tyre plant in Budapest
The Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó announced recently that South Korea’s Hankook Tire Magyarország will begin its fourth phase of expanding its plant in Rácalmás, southwest of Budapest, this year. The fourth phase will cost HUF…
Upcoming Tyrexpo Africa and GarageXpo Africa to offer maximum value to both sellers and buyers of African tyres
Over 2,500 international, regional and local attendees comprising of tyre manufacturers, OEMs, distributors, dealers, retailers fleet operators and garage owners will gather at Tyrexpo Africa (co-located with GarageXpo Africa), to be held at the Gallagher Convention Centre Hall 2, Johannesburg…
Global polyisoprene rubber market to grow at CAGR of 7% till 2022; demand from the tyre industry fuelling this growth
According to Technavio market research, increasing demand for rubber tyres are propelling the global polyisoprene rubber (IR) market to grow at a CAGR of over 7% during the period 2018-2022. The tyre industry is one of the major end-user industries…
Disposable gloves market predicted to reach to US$10,059 million by 2023; growing at a CAGR of +7 % from 2017 to 2023
The global disposable gloves market was valued at +US$6,145 million in 2016, and is projected to reach +US$10,059 million by 2023, growing at a CAGR of +7 % from 2017 to 2023. Disposable gloves form an essential part of maintaining…
Industrial rubber products market predicted to reach US$151 billion by 2025
Global industrial rubber products market is largely dependent upon natural rubber as a source of raw material. The natural rubber market is in a state of oversupply. Affected by the growing tapping area of natural rubber in main producing regions,…
Rubber tracks for defense and security market to reach US$144.5 million by 2027 end: FMI study
According to a recently published research report by Future Market Insights, titled “Rubber Tracks for Defense and Security Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017-2027,” the Rubber tracks for defense and security market is poised for…
Build more rubberised roads stabilise rubber price – Ministry
The Plantation Industries and Commodities Ministry expressed their hope that all roads constructed throughout the country including the Pan Borneo Highway will use rubber premix. This is in order to maximise the usage of rubber produced by smallholders in the…