World Tire and Rubber
Sourcewww.titopcn.com AuthorDongguan Titop rubber extruder Manufacture Co. Ltd. 2008-12-22 Click
AbstractWorld rubber consumption is forecast to increase 4.0 percent annually to 26.5 million metric tons in 2011. Gains will directly benefit from solid growth in world motor vehicle production, as well as a strong global economy. The US, China and Japan do..
This article Keywords: rubber
Global demand to rise 4% annually through 2011
World rubber consumption is forecast to increase 4.0 percent annually to 26.5 million metric tons in 2011. Gains will directly benefit from solid growth in world motor vehicle production, as well as a strong global economy. The US, China and Japan dominate global rubber consumption, and will continue to do so, collectively accounting for more than half of the market in 2011. China has become the leading consumer of rubber worldwide, following more than a decade of strong growth in motor vehicle production and industrial goods manufacturing. The country overtook Japan as the second largest rubber market in the late 1990s and by 2001 had essentially caught up to the US as the world’s leading consumer. While China will continue to extend that lead, the US and Japan will remain leading markets worldwide, because of their extensive motor vehicle and tire industries.
Chinese market to slow yet remain fastest growing
The strongest gains are forecast for China, though the double digit annual gains that characterized China’s rubber market from 2001 to 2006 are forecast to slow significantly as its domestic market matures and motor vehicle production decelerates. The Chinese market will be sustained primarily by expanding demand for industrial rubber products such as hoses, belts and gaskets, offsetting slower, though still solid, growth for tire rubber. Above-average gains also are forecast for most of the rest of the Asia/ Pacific, excluding Japan, which will benefit from strong economic growth and rising motor vehicle production. In addition, the growing tire industries in these nations will support demand for rubber.
Among the major developed regions, the large North American, West European and Japanese markets will all see gains below the global average. Each of these regions will suffer from a weak outlook for the regional motor vehicle industry and competition from nations with lower labor or raw material costs.
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