RUBBER PROCESSING CHEMICALS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market News

Recent Development

• In April 2023, China Petroleum & Chemical Corporation (Sinopec) started operations in its copolymer-producing plant in Hainan. The new facility will produce 1,70,000 tons of SBS and SEBS goods annually, forming one of the biggest manufacturing facilities in the world. China Petroleum & Chemical Corporation, or Sinopec, is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai. Sinopec Limited's parent, Sinopec Group, is the world's largest oil refining, gas and petrochemical conglomerate, headquartered in Chaoyang District, Beijing.
• In April 2023, Ecore International, a key player engaged in recycling and processing reclaimed products into performance driver surfaces, announced acquisition of 360 Tire Recycling Group. The move is expected to help Ecore International access a large array of recyclable rubber tires and enhance its production scale. Ecore International is a company that specializes in transforming reclaimed materials into performance products that enhance people's lives Ecore International is known for its innovative products made from recycled materials, such as rubber, which are used in various applications, including flooring, surfaces, and insulation.
• In April 2022, Sailun Tire Group introduced a new mixing technology named 'Eco Point3'. The technology would enable continuous and uniform mixing of rubber compounding materials under liquid phase conditions. The technology offers resistance and efficiency for tires while improving the product's traction and durability.