Singapore – Global demand for natural rubber (NR) and synthetic rubber (SR) is set to increase in 2019, according to the International Rubber Study Group (IRSG).
The IRSG data, published 28 Dec 2018, studied the world rubber industry outlook based on IMF (International Monetary Fund) and other scenarios.
According to the IRSG data, global rubber consumption increased by around 3.2% year-on-year to 29.30 million tonnes in 2018.
Under the IMF scenario, total rubber consumption is forecast to increase further, by 2.5% to 30.03 million tonnes in 2019.
World NR demand rose 4.9% to 13.87 million tonnes in 2018 and is set to increase further by 2.6%, to 14.23 million tonnes in 2019.
Global SR demand increased by 1.7% to 15.43 million tonnes in 2018. The figure is expected to rise by 2.4% to 15.80 million tonnes in 2019.