[02 Feb] Global Rubber Consumption to Rise 4.3% Annually Through 2013

Bharatbook.com added a new report on "World Rubber & Tire" which covers the worldwide Rubber and Tire market outlook, demand and its market environment.

World Rubber & Tire to 2013

World rubber consumption is forecast to rise 4.3 percent per year through 2013 to 27.9 million metric tons from a weak, recession-plagued 2008. A majority of rubber demand is accounted for by the motor vehicle sector, particularly via usage in tires. A healthy recovery in the motor vehicle industry in important producing nations such as the US, France and Canada will benefit rubber demand through 2013. China, the largest national rubber market, will account for half of all new rubber demand in the world through 2013, and account for almost one-third of the global market in 2013.

Dominant Asia/Pacific market to post best growth The Asia/Pacific region is by far the leading rubber consumer, accounting for 57 percent of global rubber demand in 2008.

Moreover, the region will post the strongest growth in rubber demand through 2013, despite the fact that the important Japanese market is expected to see a decline through 2013 due to a fall in motor vehicle production levels after a surprisingly strong performance in 2008. North America and Western Europe will continue to see subpar gains relative to the global average through 2013, although both regions will see an improvement from the declines they experienced over the 2003-2008 period.

Non-tire rubber to outpace tire rubber demand Non-tire rubber will outpace tire rubber demand through 2013. Demand for non-tire rubber products will benefit from rising industrialization levels in developing countries and solid opportunities in sectors such as automotive (belts, moldings, hoses, gaskets, cushioning), industrial (adhesives, padding, belting, vibration dampening, wire and cable sheathing, hoses), consumer (toys, cushions, door moldings) and construction (wire insulation, moldings, roofing, sealants and adhesives). Demand for synthetic rubber will register a slightly slower growth rate than demand for natural rubber through 2013.

(Source: irco.biz)