Smithers Rapra Report: The Future of Green Tires to 2023

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TRAC Members receive 15 per cent discount on all rubber industry market reports produced by Smithers Rapra.

A “green tire” is defined as a tire optimised for low rolling resistance, using materials – especially elastomers – that are from renewable (sustainable) materials.

What methodology is used?

The data and information for this report were gathered using a combination of primary and secondary research. Primary research consisted of interviews with specialists, including fuel companies, tire fillers, raw material suppliers and additive suppliers. Secondary research consisted of a review of published material, conference proceedings and information from organisations and companies involved in the production, supply and use of tires and their ingredients. These data were analysed to provide estimates and forecasts for the tire markets by end-use sector, type and region.

What will you discover?

  • Identify and examine current and emerging sustainable technologies for tires, including materials used, production processes and recycling or disposing of end-of-life tires
  • Learn about commercial and automotive vehicle tires, as well as other niche markets
  • Understand global trends, and factors that may affect the industry
  • Find out about cutting-edge technology developments

 

 

Read the source article at smithersrapra.com

Hedge fund Bridgewater makes $22 billion bet against European firms

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LONDON/FRANKFURT/NEW YORK (Reuters) – Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent’s biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world’s largest hedge fund manager.

Although data was not available to show whether Bridgewater holds more European stocks than it “shorts” overall, an investor in the hedge fund firm’s Pure Alpha Major Markets strategy said that its position was slightly net “long” on Feb. 6.

Read the source article at Global Rubber Markets News

Dealers hopeful despite weak farm market

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The farm tire market has been bleak for the past few years, and although tire dealers are hopeful, this year may bring more of the same.

Read the source article at Tire Business

Globalisation is losing its luster, India’s Modi tells Davos summit

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DAVOS, Switzerland (Reuters) – Protectionism is gaining ground and globalisation is losing its appeal, but India is open for business, Indian Prime Minister Narendra Modi told the World Economic Forum on Tuesday.

Modi is leading a big government and business delegation to the summit in Davos, the first Indian prime minister do so in 21 years, aiming to showcase India as a fast-growing economic power and a potential driver of global growth.

His comments on rising trade barriers came ahead of an address to the forum later this week by U.S. President Donald Trump, who has championed inward looking policies for the world’s biggest economy.

The post Globalisation is losing its luster, India’s Modi tells Davos summit appeared first on Global Rubber Markets.

Read the source article at Global Rubber Markets News

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

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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.

Read the source article at PR Newswire

Conti sees improved outlook for materials costs

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HANOVER, Germany — Continental A.G.\’s Rubber Group has reduced its estimates for the negative impact of raw materials prices in 2017. In its recently published third quarter results, Continental said it was lowering its forecast for the average price of natural rubber (TSR 20) this year to $1.70 per kilogram from $1.90/kg. Recent declines in […]

The post Conti sees improved outlook for materials costs appeared first on Global Rubber Markets.

Read the source article at Global Rubber Markets News

Smithers Rapra Data Shows Steady Uptick in Global Tire Demand

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Expanding demand in the world tire market is expected across the next five years according to the latest exclusive data from Smithers Rapra.

The Future of Global Tires to 2022 is available for purchase now. Tire and Rubber Association of Canada members can receive a 15% discount on this definitive market strategy tool.

Its new definitive report – The Future of Global Tires to 2022 shows how worldwide 2.24 billion tires will be sold in 2017, with and overall value of $223 billion. Across the next five years the rate of volume demand will fall to 3.4% per year, down from 5.2% in the 5 years preceding. In contrast the rate of value increase will increase from 3.4% to 3.7% per annum reflecting:

  • Stabilisation of raw material pricings
  • The new added value innovation is adding to the industry in developed markets
  • Volume demand increases in transition economies with rising disposable incomes – especially China.

Smithers Rapra’s analysis tracks these trends across all:

  • Tire raw materials
  • Tire type and vehicle
  • Key national and regional geographic markets ,

Production in North America is growing, and outpacing domestic demand, as Asian and European companies continue to shift capacity here to be closer to automotive OEMs, and circumvent potential trade restrictions that some view as more likely with the 2017 change of US administration.

The region’s tire market will reach a value of $39.7 billion in 2017 – 236 million units.

In mature markets demand will be especially strong for materials that enable energy efficiency. For example, continuing improvements in lowering rolling resistance means demand highly dispersible silica (HDS) is set to increase at over 10% per year through to 2022. This will run in parallel to continuing interest in complimentary technologies, such as automated tire pressure monitoring systems (TPMS).

Synthetic Rubber Market Worth 37.82 Billion USD by 2022

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The report “Synthetic Rubber Market by Type (SBR, BR, SBC, EPDM, IIR, NBR), Application (Tire, Non-Tire Automotive, Footwear, Industrial), and Region (North AmericaEuropeAsia PacificSouth 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.

 

Read the source article at PR Newswire

Conti sees improved outlook for materials costs

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Hanover, Germany – Continental AG’s Rubber Group, which includes Tire Division and ContiTech, has reduced its estimates for the negative impact of rising raw materials prices in 2017.

In its recently-published third quarter results, Continental said it was lowering forecast for the average price of natural rubber (TSR 20) this year from $1.90/kg to $1.70/kg.

Read the source article at European Rubber Journal

More drivers using winter tires in BC than Alberta, Ontario and some other provinces

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Summary A survey has found 60 per cent of drivers in BC are using winter tires, which is more than in a few other provinces More British Columbians are using winter tires than drivers in Alberta, Ontario, Saskatchewan or Manitoba, according to the 2017 Canadian Consumer Winter Tire Study . The results show British Columbians are getting the message, with 60 per cent of drivers here using winter tires.

Read the source article at NEWS 1130