Bulk Chemical Industry reports: November 2021

Thursday, 18 November 2021

Water And Wastewater Treatment Equipment Market Worth $84.12 Billion By 2028

The global Water And Wastewater Treatment Equipment Market size is expected to reach USD 84.12 billion by 2028 registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. Some of the key players in this industry are Veolia, SUEZ, DuPont, Pentair plc, Xylem, Inc. Increasing demand for clean water owing to rapid urbanization and industrialization coupled with infrastructural developments in the water management industry is anticipated to drive the market growth over the forecast period. Wastewater and its discharge sludge contain several valuable resources, including phosphorus, and nitrogen, which can be recovered and reused to preserve threatened resources. Thus, a rising focus on reducing water consumption by reusing wastewater to ensure resource efficiency and support a circular economy is likely to open new avenues for market growth.

Rapid technological developments in the global industry are expected to positively influence short- as well as long-term modifications at water & wastewater management facilities. Market players are increasingly focusing on integrating advanced technologies to develop more efficient and effective solutions for water management, thereby driving the product demand. In addition, the rising environmental concerns along with the need to comply with the stringent government regulations regarding water management across the globe are anticipated to propel the product demand. Increasing investments to treat micropollutants and Per- and Polyfluoroalkyl Substances (PFAS), majorly in Europe and North America, are likely to have a positive impact on the growth of the global market.

Related Press Release @ Water And Wastewater Treatment Equipment Market Report

Water And Wastewater Treatment Equipment Market Report Highlights

The biological product segment is estimated to register a CAGR of 4.0% from 2021 to 2028 on account of the stringent regulations coupled with the increasing demand for high-quality solutions for wastewater management
The segment of secondary process accounted for a revenue share of 37% in 2020 owing to the high adoption of advanced wastewater management technologies, such as Moving Bed Biofilm Reactors (MBBR) and Integrated Fixed-Film Activated Sludge (IFAS)
The product demand in the industrial application segment is anticipated to ascend at the fastest CAGR of 4.1% from 2021 to 2028
This growth can be attributed to the rapid industrialization, particularly in developing countries, coupled with stringent regulations pertaining to effluent discharge from industries
Major companies have undertaken several business strategies, such as mergers, acquisitions, and R&D, to strengthen their presence in the global market
For instance, in February 2020, Veolia Water Technologies, U.K. completed the acquisition of Biochemica Water Ltd.

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Optical Coating Market by Alluxa, Inc., Cascade Optical Corp., Chroma Technology Corp., Inrad Optics

The global Optical Coating Market size is expected to reach USD 31.4 billion by 2028, registering a CAGR of 9.2% over the forecast period, according to a new study by Grand View Research, Inc. Alluxa, Inc., Cascade Optical Corp., Chroma Technology Corp., Inrad Optics are some of the key players in this industry. The market is estimated to be driven by the growing smart consumer electronics industry across the globe. Consumer electronic devices include smartphones, tablets, phablets, smartwatches, and smart televisions. Rapid urbanization resulting in changes in consumer lifestyles is expected to create lucrative opportunities for smart consumer electronic devices.

This is projected to lead to increased product utilization as they have a superior optical display and high impact resistance. Asia Pacific is a major market for consumer electronics owing to the presence of a large number of key players. The demand in the region has shifted toward Southeast Asian countries, a trend that is likely to continue over the forecast period. A rising focus on electricity generation through clean sources is also expected to drive product demand. However, the global COVID-19 pandemic is severely affecting the manufacturing industries.

This, in turn, is anticipated to negatively impact the market growth in various applications, such as consumer electronics, automotive, aerospace & defense, solar, and architecture. Moreover, the pandemic led to order cancellations and shipping complications throughout the global industry. The reflective products segment is anticipated to register the fastest CAGR over the forecast period due to the rising usage of these products for roofing applications in the construction industry, as they prevent direct sunlight exposure and reduce overall cooling costs.

There has been a rising demand for both commercial and passenger automobiles in emerging economies like South Africa, Mexico, Brazil, India, and China due to the improving standards of living and population growth. This is projected to benefit the automotive coatings industry, which in turn, is expected to propel the product demand. Furthermore, the increasing need for protection against dust, dirt, UV radiation, and harsh climate is anticipated to drive the product demand in the coming years.

Companies in the market experience fluctuating prices of raw materials, which are driven by factors, such as changes in supplier feedstock costs, inventories, demand and supply factors, and government regulations. Therefore, manufacturers have been focusing on developing technologies for the production of efficient products at low costs. In addition, key players are continuously engaged in the diversification of their existing product portfolio to cater to a large customer base, which ultimately enables a strong foothold in the global market.

Related Press Release@ Optical Coating Market Report

Optical Coating Market Report Highlights

Asia Pacific dominated the global market in 2020, in terms of revenue, and is estimated to expand further at the fastest CAGR from 2021 to 2028
Anti-reflective was the largest product segment with a revenue share of over 29% in 2020 due to their high demand from the solar industry
The solar application segment is expected to witness the fastest CAGR over the forecast period
Rising demand for solar photovoltaic (PV) cells and emphasis on solar energy production, especially in emerging countries like China, India, and Japan, is anticipated to augment the growth of the solar segment
In April 2020, Alluxa, a U.S.-based optical coatings and filters manufacturer, launched Ultra Series qPCR filter for integration into medical equipment that performs COVID-19 testing of patient samples

Surface Disinfectant Market: Top Key Players, Trends, Scope and Segmentation, 2028

The global Surface Disinfectant Market size is expected to reach USD 8.23 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.7% from 2021 to 2028. BASF SE, Procter & Gamble, Evonik Industries, 3M Company are some of the key players in this industry. The market is driven by the increasing disease outbreak worldwide, coupled with the growing implementation of regulations in medical hygiene.

There is a spiraling demand for superior-quality surface disinfectant products due to the growing requirement to improve hygiene in ambulatory surgical centers, clinics, and hospitals to inhibit the spread of infections, including COVID-19, among staff and patients. The market is also driven by the growing number of laboratories and rising awareness among people about personal hygiene. Furthermore, various governments in North America and Europe have implemented stringent regulations concerning the use of chemical-based formulations and their discharge processes.

However, the market growth is likely to be restricted due to the toxicity of chemical-based products. Surface disinfectants consist of chemical substances, which when used properly as per guidelines yield excellent results. They help prevent the occurrence and transmission of diseases. However, the use of these products can pose a threat to humans as well as animals and lead to environmental hazards. Incomplete knowledge regarding the proper use and the health hazards associated with these products can pose a potential threat to industry growth.

However, the growing adoption of novel and advanced technologies by manufacturers for producing disinfectants with enhanced effectiveness and the shift in the trend toward biobased products are expected to promote the overall market growth globally over the foreseeable future.

In terms of the supply and demand equation on a global scale, manufacturers are inclined toward raw material procurement at competitive pricing. Raw material procurement involves engaging in long-term supply contracts with raw material suppliers. Some of the independent manufacturers hire third-party suppliers to sell their products. Disinfectant manufacturers are increasingly focused on product innovation and differentiation as they are steadily moving toward consolidation through mergers & acquisitions, joint ventures, and collaborative partnerships.

Related Press Release@ Surface Disinfectant Market Report

Surface Disinfectant Market Report Highlights

Prices of chemicals used for manufacturing surface disinfectants, such as hydrogen peroxide, glutaraldehyde, cresylic acid, castor oil, sodium hypochlorite, aldehyde, sulfonic acids and salts, and pine oil, are volatile in nature and prone to sudden hikes due to the changing demand landscape
In terms of revenue, the chemical product type segment accounted for the largest share in 2020 and is further expected to witness steady growth over the forecast period
By form, sprays are poised to register the fastest volumetric growth rate over the forecast period due to increasing innovations by industry participants backed by consumer purchasing pattern
As of 2020, North America accounted for the largest revenue share. Increasing focus on public sanitization, coupled with household hygiene practices, is assisting industry growth in the region
Increasing mergers & acquisitions and new product development by key industry participants are anticipated to pave way for higher demand for surface disinfectant products worldwide for the next couple of years

Wednesday, 17 November 2021

Plastic Market Size is Expected to Experience a CAGR of 3.4% till 2028

The global Plastic Market size is expected to reach USD 750.1 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 3.4% from 2021 to 2028. Some of the key players in this industry are BASF SE, SABIC, Dow Inc., DuPont de Nemours, Inc., Evonik Industries. Increasing automotive production and a subsequent rise in plastic consumption in automotive component fabrication because of regulatory policies pertaining to vehicular weight reduction and fuel efficiency are expected to drive the market over the forecast period. Plastics facilitate fuel saving in automotive applications on account of reduced car weight and density as compared to conventional materials, such as metals or rubber.

Since the last decade, there has been a substantial demand for the products as a replacement for metals and ferrous alloys across various industries, such as consumer goods, automotive, and industrial machinery. The growth of the market criticality lies in various factors, such as the ever-increasing requirement of end users in terms of product specification and versatility influencing consumption dynamics. Other factors such as socio-political, production process, and feedstock availability events also have a significant impact on industry trends.

Rapidly developing construction and automobile markets in Asia Pacific are expected to increase the demand for plastics in interiors, exteriors, and under the hood components. Its major applications include under the hood components in the automotive industry, building interiors and exteriors in the construction and infrastructure industries, and various applications in electronics and durables.

The outbreak of COVID-19 is fueling the demand for plastics in the medical end-use industry. Companies are focusing on stepping up their resources and production capabilities to meet the rising demand. For instance, in April 2020, Exxon Mobil Corporation announced to increase the monthly production of specialized polypropylene by 1,000 tons to meet the growing need for medical masks and gowns owing to the spread of coronavirus. This surge in the production of polypropylene is expected to help medical masks and gown manufacturers to produce an additional 20 million gowns or 200 million medical masks.

The extrusion application segment is anticipated to expand at a substantial growth rate over the forecast period. It is widely used to produce straws, hoses, pipes, and window frames. Increasing demand for these products from the packaging and construction industries is anticipated to create lucrative growth opportunities for the extrusion application segment during the forecast period.

Related Press Release@ Plastic Market Report

Plastic Market Report Highlights

In terms of revenue, the packaging industry in Asia Pacific is projected to expand at a CAGR of 3.7% from 2021 to 2028
By product, polyether ether ketone is expected to register a CAGR of 7.5% in terms of revenue during the forecast period. Increasing demand from medical applications, such as housing, valves, switches, guide components, sleeves, adapters, reducers, cylinders, and ventilators, is anticipated to positively impact the segment growth during the forecast period
Various strategic initiatives were recorded over the past few years in order to boost the growth of the market. For instance, in August 2020, Sinopec Zhongke, China has prepared to start a new unit for the production of polypropylene (PP) in Zhanjiang by the end of August 2020. The unit possesses a production capacity of 350,000 tons/year of polypropylene

Silicone Market Size Worth $19.7 Billion By 2028

The global Silicone Market size is anticipated to reach USD 19.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2021 to 2028. The rising demand for lightweight automotive materials to decrease the overall vehicle weight and fuel consumption is likely to drive the market over the forecast period. The rising importance of liquid silicone rubber as Liquid Injection Molding System (LIMS) materials in wire harness for inducing indispensable wiring system is also expected to drive the market. Furthermore, the growing demand for electroactive materials in the electrical industry will fuel market growth.

On the basis of end-use applications, the market is segmented into transportation, electronics, industrial processes, construction, consumer goods and personal care, energy, and healthcare sectors. The electronics segment is expected to witness a CAGR of 5.4% over the projected period. In the electronics industry, silicone is used in the form of greases, fluids, varnishes, rubbers, and oil in a broad range of applications such as for moisture-proofing of boards, modification of semiconductor encapsulating materials, and protecting the ends of heating element wires in Printed Circuit Boards (PCBs), semi-conductors, Electronic Control Units (ECUs), LED devices, and various ICT equipment. This, in turn, is attributed to propel market growth over the forecast period.

Moreover, silicone is biologically inert and is known for bio durability and biocompatibility owing to its inherent thermal and chemical stability, hydrophobicity, low surface tension, and resistance to sterilization methods. These favorable properties of silicone make it ideal for a wide range of healthcare applications. Silicone is majorly used in catheters, drains and shunts, orthopedics, blood-oxygenator, heart-bypass machines, heart valves, components in kidney dialysis, and aesthetic implants.

The rising disposable income of consumers and growing aging population coupled with an increasing number of initiatives taken by governments across the globe to provide basic healthcare facilities to their respective populations, particularly in emerging economies including China and India, is expected to augment the demand for silicone. A rising number of accidents is expected to drive the demand for bandages and cosmetic surgeries, which, in turn, is likely to have a positive impact on market growth.

Related Press Release @ Silicone Market Report

Silicone Market Report Highlights

In North America, the market was valued at USD 3.1 billion in 2020 in terms of revenue and is estimated to witness a revenue-based CAGR of 3.9% from 2021 to 2028. The rising use of enhanced technology such as 4K Ultra HD and smart home is estimated to drive the market in the region over the forecast period
The elastomers segment accounted for the prominent revenue share of 41.5% in 2020 and is estimated to maintain its ascendancy over the forecast period owing to rising demand for lightweight automobile vehicles
The fluids segment is the second-largest product segment and is expected to expand at a healthy revenue-based CAGR of 4.2% over the forecast period owing to its properties like low surface tension, shear stability, and excellent thermos-oxidative resistance
Fluctuating raw material prices of methanol is expected to pose a challenge for the market players to achieve economies of scale and profitability

Tuesday, 16 November 2021

Ultra High Molecular Weight Polyethylene Market Worth $4.43 Billion By 2028

The global Ultra High Molecular Weight Polyethylene Market size is anticipated to reach USD 4.43 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 12.3% over the forecast period. Celanese Corp., LyondellBasell Industries Holdings B.V., Koninklijke DSM N.V. are some of the key players in this industry. Increasing product demand from the medical & prosthetics application is expected to significantly drive the market during the forecast period. The product has been witnessing increasing acceptance as prosthetics in the medical industry for the past few years.

This rising acceptance can be attributed to its favorable physical and chemical properties, such as higher flexibility as compared to metals, and superior strength. Technological advancements have resulted in prosthetics having a longer operational life and being more comfortable for users. Over the recent years, the market participants have taken active steps to process ultra high molecular weight polyethylene (UHMWPE) and improve its properties. The product is majorly used for hip, knee, and spine implants.

The Asia Pacific region is anticipated to progress at the fastest CAGR of 13.1% over the forecast period. China led the regional market in 2020 and is anticipated to witness significant growth during the forecast period owing to the rising product demand in applications including medical grade & prosthetics, filtration, batteries, fibers, additives, and membranes. The increasing efforts by the government to improve public access to healthcare services and the rising incidences of chronic diseases are the major factors driving the product demand in medical-grade & prosthetics applications in the country.

In addition, increasing government expenditure to improve infrastructure and accessibility in rural and urban areas is expected to fuel the demand for medical devices. The aforementioned factors are projected to augment the demand for UHMWPE in the country over the forecast period. However, the recent outbreak of Covid-19 in countries, such as India, China, and Japan, are affecting the product demand in fibers, batteries, additives, and other applications owing to the slowdown in manufacturing activities, restrictions in supply & transport, and declining demand from end-use consumers, which is expected to hamper the overall market growth.

The fiber application segment is anticipated to progress at a robust growth rate over the forecast period. The product is used in the form of fibers for various applications, which include cut resistance gloves, ropes & fishing nets, protective armor, sports & leisure goods, and sling & braids. A surge in demand for high tenacity multifilament polyethylene yarns is expected to benefit the overall demand over the forecast period. In addition, increasing adoption of medical-grade UHMWPE fiber in cardiovascular, orthopedic, and trauma applications, such as implantable cardiac defibrillators, Cardiac Resynchronization Therapy (CRT) devices, vascular closure devices, central venous catheters, cranial plates, and scaffolds, is anticipated to drive the market growth in the coming years.

Related Press Release @ Ultra High Molecular Weight Polyethylene Market Report

Ultra High Molecular Weight Polyethylene Market Report Highlights

The global market was valued at USD 1.83 billion in 2020 and is estimated to grow at a CAGR of 12.3% from 2021 to 2028
In terms of revenue, the medical grade & prosthetic application segment accounted for the largest share of more than 33% in 2020 and is further expected to witness prominent growth over the forecast period
The fibers application segment accounted for the second-highest revenue share in 2020. The rising product demand from applications, such as ropes & fishing nets, protective armor, sports & leisure goods, owing to its superior properties, such as excellent strength to weight ratio, UV stability, low specific gravity, and high abrasion resistance, are propelling the segment growth
North America accounted for more than 41% share in the overall market and will expand at a steady CAGR from 2021 to 2028
The growth can be attributed to the increasing healthcare spending and growing geriatric population in the region

Thursday, 11 November 2021

Shipping Container Market Worth $15.83 Billion By 2028 | CAGR: 12.0%

The global Shipping Container Market size is expected to reach USD 15.83 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.0% from 2020 to 2028. The market is expected to be driven by maritime trade, expanding penetration of the e-commerce industry, digitization in shipping container space, and increasing demand for specialized shipping containers by the department of defense.

20’ and 40’ are the most popular sizes of shipping containers as of 2021. Although based on application shipping containers are often manufactured in a variety of sizes such as 8’, 10’, 48’, 53’, and others. Their increasing demand for transportation of a variety of goods such as food, pharmaceutical, automotive components, and agricultural products is expected to support industry growth.

Trade agreements promote trade among the nations and favorably impact the demand for shipping containers. In November 2020, members of the Association of Southeast Asian Nations (ASEAN) and five regional partners signed the Regional Comprehensive Economic Partnership (RCEP), which is one of the largest free trade agreements in the world. Moreover, recently concluded multiple trade agreements including NAFTA, EVFTA, EU–UK Trade and Cooperation Agreement (TCA), and others are likely to fuel the growth of the market.

The significant developments in commercial vessels and innovation of efficient and better cargo ships equipped with advanced technology such as navigation systems, advanced sensors, and other components are accelerating the demand for cargo transportation through ships, which is further fueling the growth of the market.

The global e-commerce industry witnessed an exponential surge in the last few years, besides, the rising penetration of smartphones and the internet, especially in developing regions is anticipated to fuel the growth of the e-commerce industry further. The growth of the transportation industry on account of growing online retails is expected to benefit the shipping containers market.

Related Press Release@ Shipping Container Market Report

Shipping Container Market Report Highlights

By product, ISO containers generated a revenue of USD 6.28 billion in 2020. Extensive adoption of ISO containers for international trade mainly accounted for a higher share of the ISO container product segment in the market
Reefer container segment is expected to register the fastest CAGR of 12.5% in terms of revenue from 2020 to 2028 owing to increasing demand for temperature-controlled transportation for shipping pharmaceutical, food, and agricultural products
Industrial transport led the application segment with a share of 56.6% by revenue in the global shipping containers market in 2020. Extensive use of shipping containers for transportation of industrial raw materials and manufactured goods such as metals, minerals, oil and gases, chemicals, ores, slags, machinery, tools, etc. attributed to the high share of the industrial transport segment in 2020
The Asia Pacific region dominated the market with more than 68.1% share of the global revenue in 2020. Presence of countries such as China and India having a large manufacturing base coupled with robust agricultural exports mainly contributed to the high share of Asia Pacific in the global market
The market is highly fragmented with the presence of large- and medium-sized international companies as well as small-sized domestic players

Wednesday, 10 November 2021

North America Thermoformed Plastics Market by Key Players: Pactiv LLC, Sonoco Products Company

The North America Thermoformed Plastics Market size is expected to reach USD 8.86 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.8% from 2021 to 2028. Increasing adoption of the thermoformed plastic resin in the consumer goods, food packaging, medical and healthcare, electronics, and automotive sectors is projected to fuel the market growth during the forecast period. Thermoformed plastics reduce the overall weight of the vehicles, which helps in increasing energy efficiency.

The COVID-19 pandemic has made packaged foods and consumer electronics an intrinsic part of consumer’s lifestyles. Many thermoformed plastic manufacturing companies have already started developing their facilities to cater to the rising concerns due to the COVID-19 pandemic. For instance, in December 2020, Placon Corporation commenced the construction of USD 15 million additional capacity at its Elkhart, Indiana facility. This is expected to house the production of custom plastic packaging for the medical and healthcare industries.

In July 2021, California-based Plastion Industries, Inc. announced to establish a new 100,000-square-foot manufacturing facility in Texas. This new manufacturing facility is expected to produce components for Tesla’s forthcoming Austin factory. The facility is expected to open this fall. Plastion Industries, Inc. provides injection molding, thermoforming, and other services to industries including consumer goods, medical, and automotive. This facility is expected to provide Plastion Industries, Inc. an opportunity to strengthen its foothold in the automotive sector.

Environmental awareness has propelled many electronics companies to produce electronic devices from bio-based polymers as a part of their sustainability goals. This can prove to be one of the major driving factors for the production of thermoformed plastics over the forecast period. In July 2021, SABIC announced the development of bio-based polycarbonate Lexan film and sheet products derived from certified renewable feedstock, which is expected to cater to the rising demand in a wide range of applications, including automotive, construction, specialty glazing, and electrical and electronics.

Related Press Release@ North America Thermoformed Plastics Market Report

North America Thermoformed Plastics Market Report Highlights

The polypropylene product segment accounted for the largest revenue share in 2020 and is further expected to witness prominent growth over the forecast period
The food packaging application segment dominated the market and accounted for a revenue share of more than 40.0% in 2020
In 2020, the U.S. accounted for the largest revenue share of more than 75.0%. The presence of well-established automotive manufacturing players such as Tesla, General Motors Company, and Stellant is anticipated to provide impetus to the market growth
Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, in May 2021, Tide Rock Holdings acquired Plastics Design & Manufacturing, a heavy gauge thermoformed plastic manufacturer. This strategic initiative by Tide Rock Holdings is aimed at the expansion of its plastics manufacturing business in the western region

Polyisoprene Market by Key Players: Zeon Corporation,vJSR Corporation,vPJSC Nizhnekamskneftekhim

The global Polyisoprene Market size is expected to reach USD 2.94 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a cagr of 4.1% from 2021 to 2028. Increasing adoption of polyisoprene in the automotive, footwear, medical, non-automotive sectors is projected to fuel the market growth during the forecast period. The product is also expected to have a high demand in the tires & related products application due to the product properties like excellent resistance to abrasion &tearing and high compression set along with the increasing demand for Electric Vehicles (EVs).

Major players in the market are investing to expand and develop polyisoprene for end-use industries. For instance, in May 2020 Cariflex Pte. Ltd. announced to construct a new polyisoprene latex plant at its Paulinia facility located in Brazil to cater to strong demand from the consumer goods and medical industries. The company is expected to invest USD 50 million to drive this facility expansion project.

Mergers and acquisitions to gain a higher market share are expected to intensify the market competition over the forecast period. In February 2021, Goodyear Tire & Rubber Company completed the acquisition of Cooper Tire & Rubber Company and finalized the merger agreement to create a stronger U.S.-based leader in the global tire industry. This is expected to create more options in the tire segment and is anticipated to boost the product demand over the forecast period.

The rising environmental concerns arising from crude oil-based polyisoprene have compelled many elastomer manufacturers to develop technology for the production of biomass-derived polyisoprene rubber. Zeon Corp., in joint research with Yokohama Rubber Co., Ltd. and National Research & Development Agency RIKEN, successfully synthesized isoprene from biomass. The technology has planned commercialization by the end of 2021.

Related Press Release@ Polyisoprene Market Report

Polyisoprene Market Report Highlights

In terms of revenue, the tires &related products application segment accounted for the largest revenue share in 2020 and is expected to grow further at a prominent CAGR over the forecast period
Europe accounted for the maximum market revenue share in 2020 and will remain dominant throughout the forecast period
Favorable government support to encourage green building construction in various countries including the U.K., Germany, the Netherlands, Poland, Hungary, Sweden, and Ireland is expected to propel the product demand in the safety footwear application
In addition, growth in the sales of EVs is predicted to introduce a competitive dynamic to the automotive market in Europe
Various strategic initiatives were recorded over the past few years to boost the growth of the market
For instance, in August 2021, The Goodyear Tire & Rubber Company entered into a strategic collaboration with Plus, a global provider of self-driving truck technology
This collaboration is expected to expand Goodyear’s services, including connected tires, and enhance transportation efficiency & safety for semi-trucks powered by Plus’s Level 4 autonomous driving technology