One of the world’s largest producers of synthetic rubber and a wholly-owned subsidiary of Saudi Aramco, Arlanxeo is said to be closing its 140,000-tonne/year neodymium-based performance butadiene rubber (Nd-PBR) plant in Jurong Island, Singapore. In a statement to its customers, Arlanxeo says this is in…
Tag: synthetic rubber
Petronas/Aramco to expand product base at Rapid: elastomers/SR on the cards
Malaysia’s state-owned oil company Petronas and its partner in the Rapid (Refinery and Petrochemical Integrated Development) project in Johor, Saudi Aramco, are studying the feasibility of building other petrochemical plants to make full use of raw materials from the Rapid…
Ghana Rubber to begin construction of EUR50 mn rubber factory
The Ghana Rubber Estate Limited (GREL), which has the largest industrial rubber plantation in the West African nation, is set to start construction of its EUR50 million rubber factory at Agona in the Western Region. Upon completion, the facility will…
Global tyre chemicals market to go over 42.58 mn tonnes by 2025
The global tyre chemicals market is expected to grow at a moderate pace, surpassing 42.58 million tonnes by the year 2025, according to a new report by Research and Markets titled “Global Tire Chemicals Market By Type (Natural Rubber, Synthetic…
Rising demand expected to drive synthetic rubber market to US$45bn by 2023
The growing demand in the automotive industry and the rising footwear market are among the factors anticipated to drive the synthetic rubber market to reach more than US$45 billion by 2023, growing at a CAGR of over 5% in the…
Synthetic Rubber Market is Expected to Reach USD 45,767.1 Million, Expanding at CAGR of 5.1% From 2015 to 2023: Transparency Market Research
Transparency Market Research has released a new market report titled “Synthetic Rubber Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023.” According to the report, the global synthetic rubber market was valued at US$ 29,121.2…
On the road to higher gains
The increase in demand for tyres from Asia, is estimated to reach 4.3% annually through 2017 to 2.9 billion units and this should bode well for the synthetic rubber industry
Growth aided by market demand
The global market for nitrile butadiene rubber (NBR) is projected to exceed 645,000 tonnes by the year 2017, according to a new report by Global Industry Analysts. The US company’s other report on chloroprene rubber (CR) also predicts growth with the market forecast to reach 445,000 tonnes by the year 2017.