World rubber demand to exceed 30m tonnes in 2019

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…

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