Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

CEO, Helixtap

Farah Miller

Commodities

<ul><li>Major tire makers are pushing for tire retreading with improvisations like customized retreading rather than rolling out more new tires in an attempt to lower cost and dependency on natural rubber. Retread tires cost almost 30-50% less than a new tire and require only 25% natural rubber, compared to the 80% natural rubber requirement for a new tire.</li><li>Experts say that properly retreaded tires have almost the same life as new ones and the leading tire makers are out to grab this opportunity with the sustainability edge.</li><li>Most end users retread a tire only twice and prefer pre-cure retreading to mold-cure, which offers flexibility and saves costs. With the transportation industry facing the impact of increasing costs, retreading has become more relevant than ever before.</li></ul>

Major tire makers are pushing for tire retreading with improvisations like customized retreading rather than rolling out more new tires in an attempt to lower cost and dependency on natural rubber. Retread tires cost almost 30-50% less than a new tire and require only 25% natural rubber, compared to the 80% natural rubber requirement for a new tire.Experts say that properly retreaded tires have almost the same life as new ones and the leading tire makers are out to grab this opportunity with the sustainability edge.Most end users retread a tire only twice and prefer pre-cure retreading to mold-cure, which offers flexibility and saves costs. With the transportation industry facing the impact of increasing costs, retreading has become more relevant than ever before.

SGX Rubber Future TSR20

Tire Retreading Gaining Traction