World Rubber Industry - Global Rubber Consumption to rise 4.3% / year through 2015 - 2020

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Global rubber consumption is forecast to rise 4.3 percent per year through 2015 to 30.5 million metric tons. Rubber demand will be stimulated by a pickup in tire output growth as global motor vehicle production accelerates following a relatively weak 2005-2010 period in many developed nations around the world. Because tires represent by far the largest market for rubber, growth in output of motor vehicles, as well as rising numbers of motor vehicles in use, greatly impacts the amount of rubber consumed globally.
The Asia/Pacific region will exhibit the fastest gains in rubber production of any region except the small Africa/Mideast market. Gains in China will be especially strong, with the country accounting for over one-fourth of global rubber output gains through 2015 in volume terms. The Asia/Pacific region is also an important producer of non-tire rubber products, and it is expected to account for 80 percent of world market growth in volume terms through 2015.

Asia/Pacific region to see best growth in consumptionThe Asia/Pacific region is by far the largest market for rubber, accounting for 60 percent of global rubber demand in 2010. In addition, the region will post the strongest growth in rubber consumption through 2015. The massive Chinese rubber market, which alone accounted for nearly one-third of global rubber demand in 2010, will record the best gains of any major nation through 2015. The large amount of motorcycle and bicycle production in the country supports strong demand for rubber utilized in non-motor vehicle tires. China also represents the largest national market for rubber used in motor vehicle tires. The rubber markets in Western Europe and North America will continue to see gains below the global average, although both regions will rebound somewhat from the sales declines seen during the 2005 to 2010 period. Eastern Europe and Central and South America will also register accelerating, albeit below-average growth through 2015, while gains in the small Africa/Mideast market will match the global pace during that period.

Tire rubber to remain dominant rubber segment
Tire rubber, which accounted for more than two-thirds of all rubber demand in 2010, is expected to register slower gains than other rubber product sales through 2015 but will remain the larger market segment. Sales will be fueled by strong increases in production of non-motor vehicle tires for bicycles, motorcycles and industrial vehicles tires. Production of such tires in certain areas of the world, especially developing nations in the Asia/ Pacific region, will greatly outpace motor vehicle tire output. Rubber utilized in motor vehicle tires, which accounted for over half of tire rubber sales in 2010, will continue to represent the majority of tire rubber demand.

Rubber utilized in non-tire applications will post stronger advances through 2015, but will remain the smaller segment of the rubber market. Market gains through 2015 will be bolstered by a strengthened outlook for global manufacturing activity, which will stimulate demand for rubber utilized in industrial applications like sealing and vibration control. In addition, segment growth will be spurred by the acceleration in motor vehicle production worldwide, which will lead to higher consumption of rubber used in automotive products such as belts, hoses and gaskets.
More Information on: Global Rubber Consumption to rise 4.3% / year through 2015 - 2020 World Rubber Market Forecasts : ReportsnReports
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November 5, 2014 at 10:34 PM

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