Indonesia's Rubber Industry Faces Oversupply, States Smart Research Insights in Its New Report Available at MarketPublishers.com29 Sep 2016 • by Natalie Aster
LONDON – The global rubber market continues to experience a surplus of natural rubber. Such a surplus has resulted in a fall of prices.
The surplus is expected to amount to approximately 3 million tons of synthetic rubber and 1 million tons of natural rubber by 2020 globally.
In the meantime, the global demand for natural rubber continues to cool down given economic difficulties experienced by China.
Asia is the largest manufacturers, with its share reaching 93%. Country-wise, Thailand is the leading producer, and it is followed b Vietnam and Indonesia.
China, Malaysia and India are other prominent manufacturers.
Country-wise, China occupies a position of the number of consumer of natural rubber, with the U.S. and India lagging behind.
The increasing demand for industrial rubber products and tyres is set to ignite the demand for natural rubbers globally.
Currently, Indonesia is the second largest producer of natural rubber, and Sumatra is the key producing area. This country is currently facing oversupply, and this situation is caused by the demand slowdown (in China in particular).
New research report “Indonesia's Rubber Industry Analysis 2016” worked out by Smart Research Insights represents a valuable source of information of the Indonesian rubber industry. The study starts with a detailed overview of market statistics (i.e. export, production and consumption) and an in-depth insight into its performance.
It covers market challenges in detail. The report comprises a thorough overview of this industry in Indonesia. The research study explores the competitive landscape and focuses on such key companies as Continental, Michelin, Bridgestone Corp, and more.
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More new studies by our partner can be found at its page.