Growth in the world rubber market for will total 3.9% annually through 2019 in volume terms. Gains will be fueled by increasing motor vehicle production, which will bolster demand for rubber used in tires. Rising global manufacturing activity will stimulate demand for rubber used in automotive components and other non-tire applications.
This report segments the world rubber industry by Type, Application, and Region. Data is provided in thousand metric tons.
Rubber types include:
Synthetic rubber will continue to be the largest of these through 2019 and will also post the fastest gains. Growth will be driven by increases in production of tires, which use both synthetic and natural rubber.
Major applications include:
Tire was the largest in 2014 and will register the strongest advances, benefiting from expanding motor vehicle output and an increase in the global motor vehicle park as income levels rise. Growth in the non-tire outlet will be driven by rising industrialization levels in developing countries and solid opportunities in the automotive, industrial, and other sectors.
World regions and countries covered in the study include:
• North America
• Western Europe
• Central & South America
• Eastern Europe
The Asia/Pacific region will see the strongest advances among world regions through 2019. Gains will be aided by the rapid growth in the Chinese motor vehicle park as income levels in that country rise and more consumers purchase automobiles.
The leading global producers in the world rubber industry derive their market positions primarily from synthetic rubber. Among the major rubber producers are Bridgestone, Eni, Exxon Mobil, Goodyear, JSR, Kumho Petrochemical, LANXESS, Michelin, Nizhnekamskneftekhim, PetroChina, SIBUR, Sinopec, Vietnam Rubber Group, and ZEON.