Rubber Market to Reach USD 60.38 Billion by 2026; Ongoing Technological Advancements to Propel Growth, Says Fortune Business Insights

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PUNE, India, Nov. 11, 2019 /PRNewswire/ — The global Rubber Market is anticipated to gain impetus from a rise in the demand from tire and non-tire automotive parts sector. This information is published in a report by Fortune Business Insights, titled, “Rubber Market Size, Share &…

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Natural rubber output falls in half-year; demand up slightly

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KUALA LUMPUR, Malaysia — The world supply of natural rubber fell 8.3% to 5.85 million metric tons during the first half of 2019 versus the same 2018 period, according to figures released by the Association of Natural Rubber Producing Countries.

Read the source article at Tire Business

Smithers Adds Tire & Wheel Business Development Manager

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Smithers has announced the addition of Mark Shackelford as business development manager of tire and wheel for North America as part of the Smithers Materials Science and Engineering division.

Shackelford is responsible for business development efforts for the tire and wheel industry, connecting clients to tire, wheel and snow traction testing, the Smithers Tire Analysis Report and technical consulting. He will work closely with Smithers laboratory operations managers and subject matter experts.

Read the source article at Tire Review

Sustainable natural rubber a big goal for industry

FAIRLAWN, Ohio—The natural rubber latex industry is taking steps toward sustainability, but it’s important to remember that the process has just begun.

That was the message from Whitney Luckett, founding president of Southland Rubber USA—which produces 200,000 metric tons of latex annually throughout its six manufacturing sites—at the 2019 International Latex Conference, held recently in Fairlawn, Ohio.

Read the source article at Rubber and Plastics News

Bosch sees car production falling 5% in 2019: Reuters

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FRANKFURT (Reuters) – Auto supplier Robert Bosch has revised its forecast for automotive production on Saturday, expecting a 5% fall this year, bigger than an earlier estimate for a 3% decline, the company’s chief financial officer told Boersen-Zeitung. As a result Bosch would not be able to achieve an earnings before interest and taxes margin of 7% as it did last year, Stefan Asenkerschbaumer told the newspaper.

Read the source article at reuters.com

Improving Brazilian NR competitiveness

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The Brazilian Natural Rubber Productive Chain has evolved a lot over the last 30 years. The country has planted about 250,000 hectares (of which just over 150,000 are in production).

Good productivity levels

Despite the average Brazilian productivity, according to the National Institute of Statistics (IBGE) data, the regions where the crop advances the most have good productivity levels. It is revealed that there is still a lot of potential for improvement.

Read the source article at Rubber Asia

NR supply crunch hits manufacturing

The widening demand-supply gap in natural rubber in India, coupled with restrictions on import of the commodity, threatens to hit the tyre and non-tyre manufacturing sector badly. The drastic fall in production is particularly worrisome to rubber MSMEs who can hardly afford the high import duty and many have gone out of existence for want of raw material

Read the source article at Rubber Asia

ANRPC expects rubber-price gains as output lags demand

Kuala Lumpur – Global production of natural rubber (NR) totalled 3.954 million tonnes during the first four months of 2019, the Association of Natural Rubber Producing Countries (ANRPC) has reported.

The level represented a decline of 5.1%, from 4.165 million tonnes, recorded during the same period in previous year, said a 30 June ANRPC statement.

World consumption of NR, meanwhile, improved over the four months to April: up 1.0% year-to-year to 4.591 million tonnes, the association noted.

Read the source article at European Rubber Journal

Tire & Rubber Summit 2019: Suppliers ready to overcome tire industry challenges

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TORONTO—Raw material suppliers face various challenges in providing tire makers with the quality and quantity of materials they need. But they are more than prepared to meet those challenges.

This was the message representatives from three raw materials sectors—carbon black, natural rubber and synthetic rubber—had for attendees at “Driving to the Future,” the 2019 Tire & Rubber Summit sponsored by the Tire and Rubber Association of Canada.

Read the source article at Rubber and Plastics News

LSR resin shortages emerge as demand for silicone grows

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EXTON, Pa.—Liquid silicone rubber, used in automotive, medical and other markets, is growing so quickly that molders are experiencing resin shortages, according to Rick Ziebell, vice president of technology for R.D. Abbott Co. Inc.

Ziebell, the first speaker at an April 9-11 open house at Boy Machine Inc. in Exton, called the shortages “the elephant in the room.”

Read the source article at Rubber and Plastics News