China will lead the rapid growth of world demand for rubber

According to the U.S. market research firm Freedonia Group forecasts that the world rubber consumption will continue to increase, representing an annual increase of 4.0% in 2011 to reach 26,300,000 tons. Chinese demand for 20 from 90 in the world to start rapid growth in 2002 than the United States as the world's largest rubber consuming country. Freedonia forecasts that strong growth will continue for five years, Chinese demand growth to be maintained at 9.5% / year or so, in 2011 the Chinese market rubber consumption reached 8,800,000 tons.

Asia-Pacific region is the world leader in rubber consumption areas, the use of more than half of the global rubber consumption. The region is also expected to maintain strong growth momentum, mainly in China, India, Thailand and Vietnam a few countries demand growth.

Latin America, Eastern Europe and Africa / Middle East region will be demand for rapid development. In contrast, Western Europe, the United States and Japan's demand for rubber is expected to increase the speed of less than 1%. Freedonia said that in the next few years in non-tire rubber applications will be more than rubber tires. Rubber demand will benefit from, will help increase the level of industrialization in developing countries, particularly in industries such as automotive (belts, hoses, gaskets, decorative, liner), industrial applications (adhesives, Filled with goods, belts, vibration suppression goods, wire and cable sheathing, hose), consumer products (toys, cushion, decorative door) and construction (wire insulation, decoration, roofing, sealants and adhesives).