Transforming the global rubber and tire supply chain to create lasting, environmentally sound sustainable rubber production requires a collaborative approach. Through an industry-first commitment to sourcing sustainable natural rubber in its tires, General Motors is helping drive the industry toward net-zero deforestation and uphold human and labor rights.
Join us on June 19th and 20th in King City, Ontario, to explore the latest developments in the Canadian tire and rubber industry.
These are tumultuous times for international trade, so it’s no surprise that the Summit 2017 will focus on the questions of trade, as the Canadian rubber manufacturers and suppliers face profound challenges brought on by global economic and political changes.
As NAFTA comes under fire, the Canadian industry is inundated with trade agreements between Canada and E.U., and potential agreements with South America (Mercosur) and a seeming fast-paced pivot to China, with others coming on soon.
With NAFTA renegotiations underway, the U.S. is raising prospects of a border tax on automotive products, and disregarding how deeply integrated the automotive industry is across North America, causing a major concern for the automotive industry, a principal industry for tire and rubber manufacturers.
Tire & Rubber Summit 2017 comes at a critical time and may be the perfect anecdote to make sense of it all with learned colleagues and expert panelists to discuss the major issues and challenges affecting our businesses, our market and our country.
Thailand, Malaysia and Indonesia are cooperating to ensure stability of world rubber prices, which continue to fluctuate after signs of recovery.
Titus Suksaard, governor of the Rubber Authority of Thailand, said the three countries, which account for 70% of the world’s natural rubber supply, recently held a meeting to discuss the situation.
They agreed that rubber prices will continue to rise because of several factors, including lower supply due to heavy rainfall and flooding in the South of Thailand. However, the big players in the natural rubber industry see prices as still volatile.
As a result, the three countries have agreed to increase domestic demand as much as possible. They will meet again in July to discuss the issue again and see whether prices are still fluctuating; if so, the group might consider controlling rubber exports to tamp down prices.
Malaysia, Indonesia and India implemented policies to reduce rubber plantations in a bid to curb production and boost market prices, said Mr Titus.
BRUSSELS – The formation of ASTM Committee D36, Recovered Carbon Black, may well be the biggest step forward the tire recycling technology known as pyrolysis has taken toward commercial success and mass acceptance.
With the Hungary plant going on stream, Apollo Tyres plans to increase its market share to 3.5 per cent in the next two-three years from the current 2.5 per cent in Europe. And, it plans to start supplying to major brands, including Volkswagen and Mercedes-Benz. It also said the US would be its next stop for building brands. Apollo Tyres Vice-Chairman and Managing Director Neeraj Kanwar said its Vision 2020 for Europe was to be a premium brand both in terms of size and price.
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.
The world total rubber consumption increased to 27.2 million tonnes in 2016 with a 1.8% increase on a year-over-year, driven by strong market activities in China, especially in Q4 2016, according to the latest statistics from the International Rubber Study Group(IRSG). The auto industry in China registered a rapid growth, with its sales and production both hitting new records in 2016, signalling a recovery from Chinese manufacturing recession.
Malaysia’s rubber industry is not a sunset industry following demand for high-value engineering rubber products from many countries, says Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong. He said Malaysia has the ability to produce high-value engineering rubber products used specially in the field of vibration and earthquake engineering. Mah said Malaysian manufacturers had installed and supplied rubber seismic bearings to high-seismic activity countries like New Zealand, Iran, Indonesia, Turkey and China. “Our rubber products are of world standard, so the rubber industry is definitely not a sunset industry,” he told reporters after visiting the Doshin Rubber Products (M) Sdn Bhd factory here Monday.
The 9th edition of India Rubber Expo, the premier international rubber event showcasing India’s rubber power to the world, is back in the south Indian metropolis of Chennai for a second time. Once again, this grand rubber show provides a great a global platform for the rubber industry players across the world, especially those hailing from the most happening Asian region, to come together, interact and exchange their ideas, display their most innovative products and services to the visitors. Major overseas rubber industry players and experts from Japan, China, Malaysia, Korea, the Netherlands, Germany and the US will converge at Chennai during the event, meet face to face with their Indian counterparts and discuss emerging market scenarios, technologies, alliances and other industry-related issues and explore opportunities to work together.
It is also a venue for the Indian players to get to know and imbibe the latest technological trends and happenings taking place in rubber world and make improvements in their own processes. IRE 2017 is particularly relevant in Asia where growth rates for the rubber markets are expected to be higher than any other region in the coming years. IRE is a clear indicator of India’s own position which is currently the fastest growing economy in the world pushing back China to the second slot.
The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Non Tire Rubber market analysis is provided for the United States markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and Bill of Materials cost structures are also analyzed.