LANXESS, Arkema Rubber Processing Chemicals Market to Cross US $5.31bn by 2025 : Basf, Solvay, AkzoNobel , Eastman Chemical Company and 5 Other Companies Profile

Sellbyville, DE — (SBWIRE) — 01/31/2019 — Rubber Processing Chemicals Market was more than USD 3.5 billion in 2017 and will forecast to exceed USD 5.3 billion by 2025 with 4.9% CAGR during the forecast timespan 2018 – 2025 ; according to a new research report by Global Market Insights.

Asia Pacific created a major chunk of product demand in past and it is likely to grow with highest growth rate over the forecast timeframe. This can be attributed to the presence of major automobile manufacturers in this region. According to the recent OICA reports, more than 50% of global vehicles…

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USTMA Launches First Industry Sustainability Report

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WASHINGTON, DC – January 28, 2019 – The U.S. Tire Manufacturers Association (USTMA) today released its first U.S. industry sustainability report presenting its members’ collective progress and shared vision for a sustainable U.S. tire manufacturing industry.

“Sustainability drives our members’ business practices and operating principles,” said Anne Forristall Luke, President and CEO of USTMA. “From engineering innovations that maximize tire longevity and performance, to ensuring driver and employee safety, to preserving the environment throughout the life cycle of a tire, our members are continually looking for ways to improve the societal contributions of their products and operations.”

Read the source article at U.S. Tire Manufacturers Association

Increasing carbon black capacity an industry priority, latest Smithers Rapra research shows

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Increasing carbon black capacity an industry priority, latest Smithers Rapra research shows

According to The Future of Carbon Black to 2023, a new market report from Smithers Rapra, increasing carbon black production capacity is an industry priority for the five years to 2023. More than 70% of all carbon black produced is used in the production of tires, and demand for the fossil fuel-based rubber reinforcing agent continues to grow in relation to increasing global vehicle and tire demand. Industrial and middle class growth in emerging markets is driving the need for greater carbon black supply.

Data from the new Smithers Rapra market report estimates global carbon black demand at around 12.03 million tons in 2013. The market will increase to a projected total of 14.55 million tons in 2018. Across the same time period the projected value in the market has risen from $18.1 billion to $19.9 billion.

Global demand for carbon black is forecast to increase to reach almost 18 million tons in 2023, an average year-on-year increase of 4.3%, Smithers Rapra data shows. Total value will increase significantly faster and the market will be worth $30.4 billion. The market is driven primarily by continued large investments in capacity for passenger vehicle tires and light truck tires, and a stable replacement market. Carbon black has a stable growth profile, with a compound annual growth rate (by volume) of around 3.9% during 2013–18.

Several key trends are driving the increased demand for carbon black globally.

Changes in the tire market

Because the tire industry consumed 73.5% of the global volumes of carbon black in 2017, changes in the tire manufacturing industry are putting new pressures on carbon black producers. In the US, capacity utilization in all sectors of tire production is in the 70%–80% range, but tire size and structure are changing. Tires are getting wider with smaller sidewalls, which creates more demand for tread blacks, and less demand for carcass carbon blacks. The most popular rim size has increased from 14-16 inches and reached 18 inches in 2018.

Industry consolidation

There is a trend toward merger and acquisition (M&A) activities in the carbon black industry worldwide. The growing consolidation within the carbon black industry is inevitable to meet market demand for quality products at competitive pricing. This benefits larger suppliers.

The top three carbon black producers are Cabot, Aditya Birla and Orion Engineered Carbons. In

2017 these three companies produced around 39.2% of global supply. To meet growing demand, Cabot has strengthened its position with multiple expansion projects, while Aditya Birla has doubled its capacity by acquiring Columbian Chemical’s assets. The India-based firm is now present in 12 countries with 17 manufacturing facilities.

For Chinese producers the emphasis is more on increasing operating rates and realizing higher pricing and profit margins. However, still more new carbon black production capacity is required to meet the growing demand during 2018–23.

Environmental issues and government regulations

Environmental issues and national government regulations are playing an important role in the M&A activity, shifting production sites around the world; as does a renewed focus on lean manufacturing. In the US, for example, the five major domestic carbon black makers have signed consent agreements with the Environmental Protection Agency (EPA) – three of them in 2017 – to reduce toxic emissions from their plants. The expense of complying with these environmental consent agreements will hamper investment in production capacity to the end of the current decade.

Shifting trade patterns

The international market in carbon black trading across 2013–23 will experience change. Most significantly, since 2015 North America has become a net importer, due to an increase in demand for carbon black based on reinvigorated domestic tire production. Since 2015 the Middle East has switched from net imports to exports. New production facilities in Saudi Arabia and the United Arab Emirates have created a surplus of carbon black for exporting within the Middle East, and beyond its borders to Africa and Western Europe.

China was the leading global exporter of the commodity, and this is expected to continue during 2018–23. Thailand and Indonesia are its main trade partners, followed by India, Japan, Korea and Vietnam. Recently, China has started to export more carbon black to the US, Western Europe, Poland and Turkey. This has led to protectionist measures – anti-dumping measures in some countries – most recently in India and the US.

For more information about Smithers Rapra’s The Future of Carbon Black to 2023 market report, visit: https://www.smithersrapra.com/market-reports/tire-industry-market-reports/the-future-of-carbon-black-to-2023.

 

Rubber Processing Chemicals Market to Reach US$5.1 Bn by 2024, Staggering Rise in Demand for Automobiles Bolsters Uptake in Manufacturing Tires – Tmr

ALBANY, New York, January 21, 2019 /PRNewswire/ — The global rubber processing chemicals market is prognosticated to expand notably in the coming years, with a decent competitive scenario, says Transparency Market Research (TMR) in its recent report. The four major players in the market…

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Global Synthetic Rubber Market Segments (BR, Sbr, Epr, Iir, Nbr, Butadiene, Styrene, Rubber Additive), Growth, Demands, Revenue and Forecasts 2018-2023

PUNE, India, January 11, 2019 /PRNewswire/ — ReportsnReports adds Global and China Synthetic Rubber Market (BR, SBR, EPR, IIR, NBR, Butadiene, Styrene, Rubber Additive) Report, 2018-2023 to its online research database. In 2018, China boasted a total synthetic rubber capacity of roughly…

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The wide-base super-single story no one is talking about

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Why are retreaders getting squeezed with lower production and profit margins? The tire trade journals have been splashing the effects of cheap “Chinese” Tier 4 tires for many months as the primary cause of production and financial stress for retreaders.

This is no doubt a major influence and major contributor to this decline. To quote recent media on other political national topics, “This is fake news.”

The major Tier 1, Tier 2 tire manufacturers also are contributing in this shrinkage with the advent of the wide-base super-single (WBSS) tires that have been heavily marketed for nearly 18 years now.

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Global Commercial Aircraft Wheels Market 2019-2023| Greater Application Of 3D Manufacturing Techniques to Drive Growth| Technavio

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LONDON–(BUSINESS WIRE)–Jan 6, 2019–The global commercial aircraft wheels market is expected to post a CAGR of nearly 4% during the period 2019-2023, according to the latest market research report. 

A key factor driving the growth of the market is the growing demand for commercial aircraft across the globe. The global commercial aviation industry is growing along with the increasing air traffic at both international and domestic levels. Emerging economies in APAC are driving the growth of the commercial aviation market. The need for more narrow-body aircraft is constantly rising owing to the surging in domestic and international air travel in APAC. This is a positive trend for the commercial aircraft wheels market.

 

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Global Specialty Tires Market Report 2018-2022: Online Tire e-Retailing Market Gaining Traction & Development of Airless Tires Gaining Momentum

DUBLIN, Jan. 2, 2018 /PRNewswire/ — The “Global Specialty Tires Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering. The specialty tires market will register a CAGR of close to 4% by 2022. The development of airless tires to push growth in the market. Automotive…

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2018 Top 10: Raw material volatility

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Prices for raw materials continued to increase in 2018, causing a widespread impact throughout the tire and rubber industries in our No. 3 story of the year.

Read the source article at Rubber and Plastics News

Rubber Processing Chemicals Market to Cross US $5.31bn by 2025: LANXESS, Arkema, BASF, Solvay, AkzoNobel, Eastman Chemical Company and 5 Other Companies Profile

Rubber Processing Chemicals Market to Cross US $5.31bn by 2025: LANXESS, Arkema, BASF, Solvay, AkzoNobel, Eastman Chemical Company and 5 Other Companies Profile Global Rubber Processing Chemicals Market is forecast to exceed USD 5.31 billion Sellbyville, DE Asia Pacific created a major chunk of product demand in past and it is likely to grow with highest growth rate over the forecast timeframe. This can be attributed to the presence of major automobile manufacturers in this region.

Read the source article at SBWire