China to dominate industrial rubber goods - Freedonia

ERJ staff report (DS)

Cleveland, Ohio -- Freedonia has published a new report titled, World Industrial Rubber Products to 2016. The 392-page report was first published in May 2012 and is available for a price of around US$6000, depending on delivery options.

The publishers say, "The global market for industrial rubber products is projected to increase 5.8 percent per year to $140 billion in 2016. Demand gains will be fueled by growth in key original equipment manufacturing (OEM) markets, particularly motor vehicles. In addition, the worldwide motor vehicle parc will grow at a faster pace based on the emerging strength of developing markets, supporting aftermarket demand. "

The Asia/Pacific region, which represented 44 percent of the global market for industrial rubber products in 2011, is forecast to post the fastest growth of any region through 2016. Gains in regional demand will be fueled by ongoing industrialisation efforts and rising personal income levels

China will remain the largest national market for industrial rubber products, accounting for 27 percent of total global demand in 2016. However, India is expected to register the fastest growth of any country worldwide, outpacing even China. Several lower volume markets, such as Indonesia and Malaysia, are also forecast to register healthy gains as a result of increased manufacturing activity.

ERJ has not seen this report and can make no comment on the quality of the research or of the conclusions.

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Home page of report on Freedonia website