Global rubber demand to rise 4.3 pc until 2013
Monday, 1 February 2010
KUALA LUMPUR, Jan 31 (Commodity Online): Global rubber consumption would rise by 4.3 per cent annually upto 2013, after a weak, recession plagued 2009.A majority of rubber demand is accounted for by the motor vehicle sector, particularly via usage in tyres. 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, according to a research featured in Reportlinker.com.
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.
The Asia/Pacific region is by far the leading rubber consumer, accounting for 57 per cent 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 will outpace tire rubber demand through 2013. Demand for non-tire rubber products will benefit from rising industrialisation 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).
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.
The Asia/Pacific region is by far the leading rubber consumer, accounting for 57 per cent 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 will outpace tire rubber demand through 2013. Demand for non-tire rubber products will benefit from rising industrialisation 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).