The global industry analysis, a consulting firm (GIA) recently demand of synthetic rubber in the world for the next several years. For the institution, especially in the global economy under the impetus of the rapid economic development of emerging economies, the world car industry will stimulate the rubber consumption growth. China, Japan and the United States will continue to lead the global rubber consumption. China, in particular, by the rapid growth of the domestic automobile production and industrial products, to become the world's rubber demand growth faster.
In the next five years, however, as the car market development to mature and automobile consumption tends to saturation, global rubber demand growth will gradually slow. Rubber market in China, the demand for tires and industrial rubber products will continue to rise. Other countries in the Asia Pacific region, because of the economic growth, the increase in auto production and more and more new wheel tire factory, rubber consumption will be increased significantly. These countries, due to the raw material and labor costs low, coupled with the auto industry is still in development stage, the rubber demand to Western Europe, North America and Japan market structure into a fierce competition.
GIA company predicted that global consumption of synthetic rubber in 2012 close to 15 million tons. The asia-pacific region (excluding Japan) has a large consumption of synthetic rubber in markets around the world, 37% of the world's market share, followed by European markets accounted for 29%. Between 2001 and 2010, synthetic rubber consumption growth is faster in the asia-pacific region, average annual growth rate as high as 9.28%, followed by Latin America, and Europe's consumption growth is relatively slow. China is larger synthetic rubber consumption market, Asia accounted for 70% of Asia's total consumption. In terms of synthetic rubber varieties, the amount of styrene butadiene rubber is larger, the second is butadiene rubber. By 2015, global consumption of styrene-butadiene rubber, is expected to reach 6.7 million tons.