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World Rubber to 2015

 
 





Study #: 2843
Document Type: Industry Study
Date Published: Mar-2012
Format:
   Full study: PDF
   Section, Pages, Tables and Charts: HTML
Pages: 355
Full Study Price: $5,800.00
       

    

Increases in tire output growth due to rising motor vehicle production worldwide, plus strong gains in rubber used in non-tire applications, will spur demand for rubber on a global scale.

World consumption to grow 4.3% per year through 2015

Global rubber consumption is forecast to rise 4.3 percent per year through 2015 to 30.5 million metric tons. Rubber demand will be stimulated by an increase in tire output growth as global motor vehicle production accelerates following a relatively weak 2005-2010 period in many developed nations. Because replacement motor vehicle tires represent by far the largest market for rubber, strong gains in the number of motor vehicles in use throughout the world will significantly boost the amount of rubber consumed. In addition, a pickup in global manufacturing activity through 2015 will spur rubber demand in non-tire applications.

Asia/Pacific region to see fastest demand growth

The Asia/Pacific region is the largest regional market for rubber, accounting for 60 percent of global demand in 2010. In addition, the region will register the fastest growth in rubber consumption through 2015. The massive Chinese rubber market, which alone accounted for nearly one-third of global rubber demand in 2010, will record the best gains of any major nation through 2015. The large amount of motorcycle and bicycle production in the country supports significant demand for rubber used in non-motor vehicle tires. The rubber markets in North America and Western Europe will rebound somewhat from the sales declines recorded during the 2005 to 2010 period. Rubber markets in Eastern Europe and Central and South America will also see accelerating gains through 2015, while growth in the small Africa/Mideast market will match the global pace

Motor vehicle tire rubber to remain dominant

Tire rubber, which accounts for about two-thirds of all rubber demand, is forecast to post slower gains than non-tire rubber sales through 2015. Production of non-motor vehicle tires -- including bicycle, motorcycle and industrial vehicle tires -- will significantly outpace motor vehicle tire output in certain areas of the world, especially developing nations in the Asia/Pacific region. Nevertheless, rubber used in motor vehicle tires, which accounted for 57 percent of tire rubber sales in 2010, will continue to represent the majority of world tire rubber demand.

Rubber utilized in non-tire applications will register stronger gains through 2015, but will remain the smaller segment of the rubber market. Market gains through 2015 will be fueled by a strengthened outlook for global manufacturing activity, which will boost demand for rubber used in industrial applications like sealing and vibration control. In addition, segment growth will be spurred by an acceleration in motor vehicle production worldwide, which will lead to greater consumption of rubber used in automotive products such as belts, hoses and gaskets. The Asia/ Pacific region is a key producer of nontire rubber products, and it is expected to account for 80 percent of world market growth in volume terms through 2015.

Study Scope

This study analyzes the 24.8 million metric ton world rubber industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by application (e.g., motor vehicle tires and tire components, non-tire rubber products), type (synthetic, natural), world region and for 30 countries.

The study also considers market environment factors, details industry structure, evaluates company market shares and profiles 31 industry players, including LANXESS, Goodyear and Sinopec.
 










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