Owing to the rising trend of car customisation, the global exterior car accessories market is expected to grow at a healthy CAGR of 7.5% over the forecast period 2016-2024,reaching revenues of US$253.07 billion. The market is already projected to reach…
Category: Industry News
Top Glove ups production, expands marketto reach 10% sales growth target
Malaysia’s Top Glove, the world’s largest manufacturer of natural rubber gloves, has set a target of 10% year-on-year growth in sales volume for the 2017 financial year, despite its own warnings of a supply glut in the highly competitive industry.…
Orion Engineered Carbons transitions to specialty, technical rubber products
Global carbon black supplier Orion Engineered Carbons has converted a tyre-grade production line at its plant in Yeosu, South Korea to specialty and technical rubber products, impacting 20 kilo tonnes of carbon black. According to Jack Clem, Orion’s Chief Executive…
Wacker expands US-based R&D centre for silicones
As part of Wacker Chemie AG’s expansion of its research and development (R&D) facilities for silicones it is establishing an R&D centre in Ann Arbor, Michigan in the US. The facility is dedicated to support Wacker’s overall business and product…
Declining rubber prices affect small tappers, big plantation owners in Vietnam
Vietnam’s smallholder rubber farmers are not the only ones affected by the falling rubber prices, as a number of big agricultural businesses are also being forced out of business by the decline. The steady downward trend in prices and production…
Demand for durable, efficient tyres to drive tyre chemicals market growth
The world’s growing demand for highly durable tyres by passenger cars, medium & heavy commercial vehicle and OTR tyres segment is expected to drive the growth of the global tyre chemicals market, surpassing 42.58 million tonnes by 2025. This is…
Trinseo to build new S-SBR pilot plant in Schkopau
Trinseo, a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber, plans to build a new solution-styrene butadiene rubber (S-SBR) pilot plant in Schkopau, Germany. The S-SBR pilot plant will allow for more efficient use of…
Rubber Board sets 1 mnNR output target to meet demand
Rubber Board, India has set a natural rubber (NR) production target of one million tonnes to meet the country’s current demand for the commodity, according to Ajith Kumar, Rubber Board Chairman. The chairman also said that they want to meet…
Marangoni to launch new technical compounds business unit at K 2016 fair
Marangoni will officially announce and present its new business unit, Marangoni Technical Compounds, at the upcoming edition of the K Trade Fair in Düsseldorf, Germany from October 19 to 26. The establishment of Marangoni Technical Compounds is a result of…
Rising customisation trend to drive interior car accessories market growth
Growing consumer preference for a more comfortable and entertaining driving experience is expected to remain a key factor in driving demand growth in the global interior car accessories market. The market will witness a CAGR of 3.9% in terms of…