News
The market is nearly trillion, what will be the global rubber supply in 2025?
Release time:
2018-03-12 15:07
According to the latest report of the transparency market research company, the global rubber products market is expected to reach $151 billion billion (about 944.32 billion yuan) by 2025.
The development of the global rubber products industry relies heavily on natural rubber as a raw material. The natural rubber market is still in a state of oversupply, mainly due to the continuous expansion of natural rubber planting area in the main producing areas and the slowdown in the growth of the tire industry. The report predicts that the global natural rubber production will still be surplus by 2025.
Global rubber consumption increased by about 3% in 2016, and the automotive industry's demand for global rubber industry products accounted for most of them, which is also the main driving force for the development of the industry.
Raw material supply fluctuations and rubber price fluctuations are the main limiting factors for the industrial rubber products market during the forecast period. Due to the highly volatile price and unstable supply of natural rubber, more and more consumers are forced to switch from natural rubber to synthetic rubber, making styrene-butadiene rubber, nitrile rubber and other synthetic rubbers are expected to grow at a significant rate.
In developed countries, more than 50% of rubber is used in car tires and pipes, and modern cars have more than 300 parts made of rubber.
In terms of regions, the Asia-Pacific market occupies the largest share of the global rubber products industry market, reaching at least 1/3.
The report also specifically mentioned that large and medium-sized rubber product production facilities are located in China. Due to the increasing competitiveness of China's rubber industry, this has compressed the profit margins of all participants in the global rubber product market to a certain extent.
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