AKRON — Smithers Rapra will run a free four-part series on rubber compounding led by Christine Domer, general manager of Smithers’ analytical and physical testing labs.
The global rubber processing chemicals market is witnessing rapid expansion thanks to the increasing demand from the tyre and automotive industries and their application across diverse industries.
The tyre industry is the major consumer of rubber chemicals, holding over 70% of the market share. Use of rubber processing chemicals make tyres durable and provides them strength to withstand harsh environment. The demand from the tyre industry is projected to rise further with the expansion of the automotive industry.
CLEVELAND—The worldwide market for rubber processing chemicals is poised to grow 4.9 percent annually, from $3.63 billion last year to more than $5.31 billion by 2025, according to new research from Global Market Insights. The CAGR figure is in line with other markets reports on the rubber processing chemicals sector. Some studies, however, project …
The Rubber Processing Chemicals Market is set to grow from its current market value of more than $3.5 billion to over $5.3 billion by 2024; as reported in the latest study by Global Market Insights, Inc. Global rubber processing chemicals market will be primarily driven by the rapidly increasing automobile industry. According to the latest OICA reports global automobile sale in 2017 was 97 million vehicles.
Tokyo – Zeon Corp.’s elastomer business has seen operating profit fall 16% year-on-year to Yen9.5 billion for the first six months of its financial year, ending March 2019.
In its half-year financial results 31 Oct, the Japanese materials supplier said rubber sales rose 1% to Yen7 billion despite a 1% decline in volumes at 175,000 tonnes for the period.
The business unit includes Rubbers, Latex and Chemicals.
Rubber Processing Chemicals Market is set to reach USD 5.31 billion by 2025; according to a new research report by Global Market Insights, Inc. The rubber processing chemicals market will be primarily driven by rapidly increasing automobile industry. According to latest OICA reports global automobile sale in 2017 was 97 million vehicles. This massive size of the automobile industry shall fuel the product demand in near future. In addition, positive growth number from the construction industry are likely to help the rubber processing chemical market to grow further. Product is used in the construction industry in roofing materials, floor covering, sound insulators and sealants.
FRIEDRICHSHAFEN, Germany—As it prepares for future mobility solutions, Lanxess is targeting electrically charged vehicles as a key growth area.
AKRON—Prices for synthetic rubber and petrochemical feedstocks have been “incredibly volatile” and are likely to remain so for a while, according to a speaker at the International Tire Exhibition & Conference in Akron Sept. 11-13.
“Energy- and economy-related fundamentals in the synthetic rubber market are encouraging, but risks abound,” said Bill Hyde, executive director-olefins and elastomers at IHS Markit.
BOSTON – Cabot Corp. has acquired Chinese carbon black manufacturing company NSCC Carbon (Jiangsu) Co. Ltd., from Nippon Steel Carbon Co.
HOUSTON—ExxonMobil Chemical Co. operates in three main elastomer markets, and in each case the firm was involved right from the start.
That means the Houston-based business of ExxonMobil Corp. has seen its ExxonMobil butyl rubber business operate for roughly 80 years, its Vistalon-brand EPDM unit for 55 years and its Santoprene-brand thermoplastic vulcanizate operation—the baby of the family—for more than 40 years.
And with that history, the company believes it has the knowledge, the technical know-how and the supporting business in place to continue achieving success now and in the future, whether that means in traditional businesses or the evolving new world of transportation, said Kurt Aerts, ExxonMobil vice president for specialty elastomers and butyl polymers.