COLOGNE, Germany–Lanxess plans to sell its remaining 50 percent stake in Arlanxeo to its joint venture partner Saudi Aramco.
AKRON—Tightness in silicone supply is straining the market, bringing on higher prices and causing trouble for steady sources, with no relief in sight until at least 2019, industry insiders said.
The Synthetic Rubber Market is Estimated to Be USD 28.88 Billion in 2017 And is Projected to Reach USD 37.82 Billion By 2022, Registering a CAGR of 5.5% Between 2017 And 2022.
Synthetic rubber is mostly produced from crude oil and natural gas, by the polymerization of monomers. Although used in a wide range of applications, its major application is in tires. There has been a growing demand for synthetic rubber from applications, such as tire, non-tire automotive, footwear, industrial, and others. Environmental regulations related to synthetic rubber may act as a restraint for the synthetic rubber market.
Based on type, the NBR (nitrile butadiene rubber) segment is projected to witness the highest growth during the forecast period. NBR is mostly used in applications where high oil resistance is required. Increasing demand for hoses, belts, and cables in the manufacturing and automotive industries in APAC, is likely to fuel the growth of the NBR segment over the forecast period. Rapid industrialization in China and India is anticipated to drive the demand for NBR in APAC over the next six years.
The report “Synthetic Rubber Market by Type (SBR, BR, SBC, EPDM, IIR, NBR), Application (Tire, Non-Tire Automotive, Footwear, Industrial), and Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Global Forecast to 2022″ published by MarketsandMarkets™, the market is estimated to be USD 28.88 Billion in 2017 and is projected to reach USD 37.82 Billion by 2022, at a CAGR of 5.5% between 2017 and 2022. The Synthetic Rubber Market is driven by the rising demand for synthetic rubbers in applications such as tire, non-tire automotive, footwear, and industrial.
Starting 9 September, Jorge Nogueira is chief executive officer of Arlanxeo. He succeeds Jan Paul de Vries, who has left the synthetic rubber manufacturer to “seek a new professional challenge.” Prior to his appointment as CEO, Nogueira headed the company’s Tire & Specialty Rubbers (TSR) business unit, and he been a member of the Arlanxeo Executive Board since the joint venture was founded in April 2016.
The global automotive rubber moulded components sales grew from 65 million during the 2008-09 recession to over 89 million in 2015, with a spike of over 19% during the past seven years. In light of the growing demand for fuel-efficient and less polluting vehicles, the market for lightweight automotive components of higher durability is on the rise. Further, with chemical companies such as Chem-Trend coming up with better release agents and moulding process aids, the market for automotive rubber moulded components is expected to touch USD 45.16 billion by 2021. Technological advancements have been the major trigger for this growth. Innovations such as Ford’s eco-friendly rubber parts using soy oil and research labs trying to come up with better and durable rubber materials like EPDM are expected to drive the market at a CAGR of 6.26% by till 2022.
Tire Technology Expo – the premier showcase for the global tire design, development and manufacturing industry – continues its spectacular growth of recent years. The 2017 event, held for the second time at the Deutsche Messe in Hannover in February, was the 17th since the show’s foundation and the biggest yet, with 280 exhibiting companies, more than 600 conference and course attendees, and a three-day visitor and delegate total that nudged the 5,000 level for the second year running.
“Remarkably, within 15 minutes of opening the doors on the first morning, it was obvious that Tire Technology Expo 2017 was going to be even better than our best-ever show in 2016,” said Tony Robinson, CEO of UKIP Media & Events and founder of Tire Technology Expo. “I’ve been delighted with the number of visitors from all over the world. The exhibitors were happy, but equally importantly, the visitors were very happy because the show was full of the latest technologies and materials that people are looking for.”
Visitor Jukka Koskinen, development manager at Nokian Heavy Tyres, said, “Every year I make time in my calendar to attend the show. I visited many companies that I was interested in and I made strong contacts – all the manufacturers were there and it’s easy to find out answers to any questions that we may have.”
NEW YORK, Feb. 20, 2017 /PRNewswire/ — The report analyzes the worldwide markets for Industrial Rubber Products in US$ Million by the following Product Segments: Mechanical Rubber Goods, Rubber Hose and Belting, and Others. The US and Chinese markets are additionally analyzed by the following End-Use Applications: Automotive, Industrial Equipment, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World.
The report profiles 442 companies including many key and niche players such as:
SCOTTSDALE, Ariz.–(BUSINESS WIRE)– Carlisle Companies Incorporated (NYSE:CSL) reported record net sales of $893.5 million for the fourth quarter of 2016, a 2.0% increase from $876.2 million in the fourth quarter of 2015. Net sales from the acquisitions of Micro-Coax, Inc. (Micro-Coax) and Star Aviation, Inc. (Star Aviation) in the Carlisle Interconnect Technologies (CIT) segment, and MS Oberflächentechnik AG (MS Powder) in the Carlisle Fluid Technologies (CFT) segment, contributed a total of 2.0% to net sales in the fourth quarter of 2016. Organic net sales (defined as net sales excluding both sales from acquisitions within the last twelve months and the impact of changes in foreign exchange rates versus the U.S. Dollar) grew 0.5%. Fluctuations from foreign exchange had a negative impact to net sales of 0.5%.
“On January 31st we announced the acquisition of Arbo Holdings Limited (Arbo), a leading provider of sealants, coatings and membrane systems based in Belper, England. Arbo complements our leading position in EPDM (rubber) roofing systems in Europe and adds new products to our weatherproofing offerings used to improve the thermal performance of buildings. We are pleased to welcome the Arbo team to Carlisle.
Geleen, The Netherlands – Arlanxeo has opened a manufacturing quality-control laboratory at its Chemelot Keltan EPDM production site in Geleen, the rubber company has announced.
The 250 square metre Q-Laboratory is located next to the EPDM plant and directly connected to the control room. The set-up is designed to enables operators to make immediate process adjustments as a result of tests.