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Report sees rubber demand rising 4.3%
Post time:2010-02-26 14:55:36   Click:37

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CLEVELAND (Feb. 4, 2010)—Global rubber demand will rise at a 4.3-percent annual rate through 2013, helped in part by a recovery in vehicle production in the U.S., Canada and France, according to a new report.

Total consumption will grow to 27.9 million metric tons by 2013, according to market researcher Freedonia Group Inc. China will account for more than one-third of world demand by that date.

 

The Cleveland-based company predicts non-tire rubber demand will grow faster than tire rubber use in the time period, fueled by increasing industrialization in developing countries. Natural rubber will show a slightly higher growth rate than synthetic rubber.

 

Freedonia expects the Asia/Pacific region—which accounted for 57 percent of world rubber demand in 2008—to continue to show the strongest growth. While North America and Western Europe are forecast to grow at a slower pace than other regions, both should see improvement from the declines experienced in the 2003-2008 period.
 

 
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