Global green tyre market to grow @10%
A new report published by Research and Markets suggests that the global “green” or eco-tyre market is expected to grow at a 9.82 per cent compound annual growth rate (CAGR) between 2012 and 2016.
Tag Archive for: eco tyres
93% consumers don’t require tyre labelling info
Just a day after Goodyear Dunlop released its review of the impact of tyre labelling legislation on consumers across Europe, a Lanxess/NTDA report is painting a somewhat less rosy view of progress in this area. Details of the research are expected to be shared at tonight’s Tyre and Fast Fit Awards in Birmingham, with the full report scheduled for publication on the morning of 17 October. While it has to pointed out that the Lanxess/NTDA research centred on the UK only as opposed to Europe, it must als be said the conclusions appear to be somewhat different.
More than half of consumers aware of tyre labelling
A year on from the introduction of European tyre labelling legislation, the longest term data available assessing its impact suggests it is increasingly influence consumer purchasing choices. According to research carried out by Ipsos MarketQuest across six European markets on behalf of Goodyear Dunlop, 54 per cent of consumers are aware of tyre labelling. However, what is perhaps more significant is that about three quarters (71 per cent) say that it has influenced their purchasing decision saying they “utilised its gradings on three performance criteria before making their purchase”. The research was conducted by MarketQuest in June and July 2013 among 4,200 consumers from UK, Germany, France, Italy, Spain and Poland, who had bought tyres over the past six months.
Hankook unveiling innovations at the IAA 2013
Hankook is aiming to innovate with premieres in the fields of green tyres, performance, safety and premium original equipment, award-winning hybrids design-concepts as well as a new generation of airless, almost entirely recyclable tyres at the Korean company’s IAA stand. The 65th IAA, runs from 12 – 22 September 2013 in Frankfurt, Germany.
Kenda-sponsored Ivan Basso attends Autopromotec
World Champion Italian cyclist Ivan Basso was at the Kenda Tyres booth at Autopromotec on 24 May. Between 10:00 and 12 noon the cycling star signed autographs and met with fans. The tyre conection is that Kenda tyres is currently the official tyre sponsor of the Cannondale Pro Cycling team based in Milan, Italy.
Kenda launches green tyres
Kenda has launched a new passenger car tyre designed with a strong focus on decreasing fuel consumption. Hosted by Varga Trading Co., Kenda director James Lo unveiled the newly developed eco tyres in a presentation that also showed the new tyre’s low noise pattern design, addressing another EU tyre label category. Other speakers included Dr Hongder Chang, Kenda’s general manager, who outlined the company’s goal of generating sales of US$2 billion, and dealers Mohammad Shahid, from Pakistan and Nassib Daher from Lebanon. The KR 30 is manufactured in Taiwan.
Analysts: UK to become e-commerce capital of the world
In the future 81 per cent of the UK population will be living in urban areas. There will be 200 million connected devices and one in four British citizens will be shopping online – the highest number in the world, per capita. The over 65s will represent a fifth of the population. The country’s South East region will grow to become the second largest region after London, accounting for 15.3 per cent of total GDP. That’s all if Frost & Sullivan’s 'New Mega Trends in the UK' analysis, which looks forward to 2025, turns out to be correct. However, even if there are only half right the flavor of what might take place in the next year if of interest to all sectors of the industry.
Sustainable materials to remain a green tyre niche – for now
Speaking at the Tire Technology Expo in February, Adam Page, UK-based business manager of reports and consultancy at Smithers Rapra, shared on the global market for green tyres – the subject at the heart of the company’s latest tyre industry market report, the Future of Green Tires to 2017. One significant projection Page shared from the Smithers Rapra report is that although the value of green tyre market is expected to grow by more than 56 per cent between 2012 and 2017, green tyres based on sustainable and bio-materials will likely play a comparatively minor role in this growth.
Green tyres a focus for Michelin’s new China factory
Michelin expects its business to gain momentum in China in the coming years, propelled by a fast increase in vehicle sales. This was the word from Philippe Verneuil, president of Michelin China, upon the opening of the company’s $1.5 billion factory in Shenyang. The facility’s opening has been reported by the China Daily, which writes that the Shenyang plant, Michelin’s largest factory in the world, has an annual capacity of more than 12 million car, truck and bus tyres.
Pirelli doubling ‘speed of evolution’
In an interview with Institutional Investor magazine, which covered topics ranging from BRIC region outlook to the euro crisis, Pirelli CEO Marco Tronchetti Provera shared that the number of new products the tyre maker intends to introduce in the next few years will represent a doubling of its recent programme.
China to focus on green tyre output over coming three years
Fan Rende, chairman of the China Rubber Industry Association, shares that China has launched a plan to develop ‘green’ tyres. The plan calls for half of China’s tyre makers to be capable of manufacturing fuel-efficient tyres by the end of the country’s current five year guideline in December 2015, and for half of these tyre makers’ output to be green tyres by the same date.
Hankook survey shows strong US interest in eco-tyres
According to the results of Hankook Tire America’s “Spring Gauge Index”, 61 per cent of drivers in the US would be interested in buying eco-friendly tyres. The main reason for making such a purchase is the potential fuel savings they’d deliver; Hankook’s study shows that 68 per cent of drivers who’d buy eco tyres gave this reason as their motivating factor.
Lanxess announces record results
At its annual press conference on 22 March, specialty chemicals company Lanxess reported record sales and earnings figures during the 2011 financial year. Highlights the company touched upon were a 23 per cent rise in sales to 8,775 million euros, EBITDA pre exceptionals up 25 per cent to 1,146 million euros – the first time the one billion euro mark has been exceeded. The company’s EBITDA margin pre exceptionals came in at 13.1 per cent, compared with 12.9 percent the year before. Net income rose disproportionately compared with sales and EBITDA pre exceptionals, improving by one third from the previous year to 506 million euros. These positive results were achieved, the company stated, thanks to its price-before-volume strategy, successful acquisitions and focus on the emerging markets.
Eco tyres a Lanxess primary focus, says CEO
In a guest editorial for Reuters, Lanxess CEO Axel Heitmann has described low rolling resistance tyres as being a primary focus for the specialty chemicals company. “As the fastest growing sector in the tyre industry, “green tyres” have enormous growth potential and increase globally by around ten per cent per year. In Asia demand is currently increasing by as much as 14 per cent annually,” he stated. “Our position is therefore clear: Lanxess will continue to build on its leading position and expand its production capacities, particularly in Asia.” Heitmann expanded upon the Asian theme by sharing that Lanxess will produce 140,000 tonnes of Nd-PBR-rubber per annum at a new site in Singapore by 2015.
Toyo placing an emphasis on rolling resistance with Nanoenergy
A new range of Toyo eco tyres is scheduled for release in Japan next February ahead of its launch in other regions, including Europe. Known as the Nanoenergy, the new tyre has been developed with a focus on reducing rolling resistance; Toyo says the tyre boasts a ‘AAA’ rolling resistance rating according to the labelling system introduced by the Japan Automobile Tyre Manufacturers Association (JATMA). This, the label’s highest rating, is given to tyres with a rolling resistance coefficient lower or equal to 6.5.
