South East Asia Rubber Sector Investigated by SRI in New Market Report Recently Published at MarketPublishers.com19 Feb 2016 • by Natalie Aster
LONDON – Globally, the rubber supply is expected to reach close to 1 million tonnes of natural rubber and 3 million tonnes of synthetic rubber by 2020. Global demand for natural rubber, which is mainly used for tyre production, is losing momentum owing to the economic downturn in China. Asia captures 93% of the total natural rubber production; Thailand is the biggest producer, with Indonesia and Vietnam following after. India, China and Malaysia are also large manufacturers of rubber in the region.
China is the globe’s largest natural rubber consumer, followed by India and the USA. Rising consumption of tyres and industrial rubber products will likely give a boost to the natural rubber demand worldwide. Indonesia is the world’s 2nd-biggest rubber producer coming second only to Thailand. Whilst certain challenges such as poor infrastructure and drop in production are facing the industry, growing demand for rubber from developing economies is forecast to keep on propelling the growth of the market going forward.
The production of natural rubber in Malaysia has been cooling down in recent years, owing to extreme weather conditions and small-holders shifting to palm oil production. Thailand is the world’s hugest exporter and producer of natural rubber. However, the lack of demand and large stock piles are amid the factors challenging the sector’s growth. This is largely due to a drop in demand from China – the largest rubber consumer globally. Rubber prices have decreased around 30% as of 2014, and rubber producers are seeing their revenues fall.
New research report “Assessment of the South East Asia Rubber Market” drawn up by Smart Research Insights (SRI) provides an indispensible guide to the current situation in, and key dynamics of the rubber market on a global level with focus on the countries such as Indonesia, Malaysia and Thailand. The study investigates the potential of the sector in tandem with major barriers to its growth. The future prospects of the sector are unveiled as well. Furthermore, the report offers profiles of the top players comprising Bridgestone Corp, Goodyear, Sumitomo Rubber Industries Ltd., Michelin and Continental A.G.
Assessment of the South East Asia Rubber Market
Date: February, 2016
Price: US$ 1,500.00
More studies by the publisher can be found at Smart Research Insights page.