With the Hungary plant going on stream, Apollo Tyres plans to increase its market share to 3.5 per cent in the next two-three years from the current 2.5 per cent in Europe. And, it plans to start supplying to major brands, including Volkswagen and Mercedes-Benz. It also said the US would be its next stop for building brands. Apollo Tyres Vice-Chairman and Managing Director Neeraj Kanwar said its Vision 2020 for Europe was to be a premium brand both in terms of size and price.
The global automotive rubber moulded components sales grew from 65 million during the 2008-09 recession to over 89 million in 2015, with a spike of over 19% during the past seven years. In light of the growing demand for fuel-efficient and less polluting vehicles, the market for lightweight automotive components of higher durability is on the rise. Further, with chemical companies such as Chem-Trend coming up with better release agents and moulding process aids, the market for automotive rubber moulded components is expected to touch USD 45.16 billion by 2021. Technological advancements have been the major trigger for this growth. Innovations such as Ford’s eco-friendly rubber parts using soy oil and research labs trying to come up with better and durable rubber materials like EPDM are expected to drive the market at a CAGR of 6.26% by till 2022.
The world total rubber consumption increased to 27.2 million tonnes in 2016 with a 1.8% increase on a year-over-year, driven by strong market activities in China, especially in Q4 2016, according to the latest statistics from the International Rubber Study Group(IRSG). The auto industry in China registered a rapid growth, with its sales and production both hitting new records in 2016, signalling a recovery from Chinese manufacturing recession.
About the Tire & Rubber Summit
Save the Date: June 19 & 20, 2017 The Kingbridge Hotel and Conference Centre; 12750 Jane St., King City, ON L7B 1A3, Canada
The precursor of our Tire & Rubber Summit dates back more than 30 years, and its core value remains constant to this day: as a networking aggregator, bring together C-level executives of the tire and rubber industry to collaborate, reveal latest trends and address key issues and developments affecting the global tire industry, with a spotlight on Canada.
In the Tire & Rubber Summit, TRAC created world-class event that explores the rubber industry’s economic aspects, technology, innovation and regulation. All the expertise put forth at the event comes from executives in rubber companies, non-tire manufacturers, rubber compounders, suppliers, auxiliary businesses, and regulators who together create what we know to be the global rubber industry.
Our event features presentations and speakers who deliver thought-provoking ideas, allows the attendees the opportunity to absorb the latest industry insights, and jumpstarts industry conversations. The Summit’s professional presentations provide latest insights and uncover potential new market directions, while the cooperative and collegial environment creates invaluable networking opportunities, connects new business opportunities, and helps grow market presence and increase business performance.
Summit 2017: Industry in the Spotlight
With 200-year history of production, manufacturing and market experience, the rubber industry is the most agile one when it comes to raising up to the challenges and evolving with market demands. Today, the industry faces regulatory challenges brought on by global economic and political changes, need to meet increased demand using limited natural resources, new competition, as well as the ‘elasticity’ of the market—its fragmentation as well as consolidation. But in the face of these challenges, the industry continues to competitively feed the ever-growing demand for this one most strategic of resources.
Malaysia’s rubber industry is not a sunset industry following demand for high-value engineering rubber products from many countries, says Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong. He said Malaysia has the ability to produce high-value engineering rubber products used specially in the field of vibration and earthquake engineering. Mah said Malaysian manufacturers had installed and supplied rubber seismic bearings to high-seismic activity countries like New Zealand, Iran, Indonesia, Turkey and China. “Our rubber products are of world standard, so the rubber industry is definitely not a sunset industry,” he told reporters after visiting the Doshin Rubber Products (M) Sdn Bhd factory here Monday.
The 9th edition of India Rubber Expo, the premier international rubber event showcasing India’s rubber power to the world, is back in the south Indian metropolis of Chennai for a second time. Once again, this grand rubber show provides a great a global platform for the rubber industry players across the world, especially those hailing from the most happening Asian region, to come together, interact and exchange their ideas, display their most innovative products and services to the visitors. Major overseas rubber industry players and experts from Japan, China, Malaysia, Korea, the Netherlands, Germany and the US will converge at Chennai during the event, meet face to face with their Indian counterparts and discuss emerging market scenarios, technologies, alliances and other industry-related issues and explore opportunities to work together.
It is also a venue for the Indian players to get to know and imbibe the latest technological trends and happenings taking place in rubber world and make improvements in their own processes. IRE 2017 is particularly relevant in Asia where growth rates for the rubber markets are expected to be higher than any other region in the coming years. IRE is a clear indicator of India’s own position which is currently the fastest growing economy in the world pushing back China to the second slot.
The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Non Tire Rubber market analysis is provided for the United States markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and Bill of Materials cost structures are also analyzed.
Overcapacity is one of the biggest challenges facing the global synthetic rubber (SR) industry. This has been driven mainly by over-investment in China during the past years. This situation of overcapacity has forced many facilities to work with reduced operating rates and delay or cancel several expansion projects. Some facilities have been deactivated or dismantled and others are in the process of switching over to produce other elastomer types such as SBS. This is most noticeable in China and the Asia Pacific region.
Even so, the SR industry is expected to continue to grow moderately compared to the previous years. By 2016, the installed capacity is expected to grow by 2 per cent, according to our information. To this situation of overcapacity, if we add dull world economic growth, the situation becomes more complicated.
Uses in key industries
Synthetic rubbers have been leading the global rubber market since the 1940’s and are used in the manufacture of many types of products that we use every day which make our lives more comfortable. The automotive and tyre sectors will keep driving the SR demand. The construction sector generates significant demand of synthetic rubber in many end-uses such as paving/roads, waterproofing membranes, and adhesives and sealants. It is also very useful to the food industry with several end uses such as labelling, packaging, and more. Synthetic rubbers are also the material of choice for appliances, footwear, personal care, medical applications and others.
The SR industry has an important and extensive business relationship with all these key industries, and therefore, has been influenced by the performance and situation of its trading partners. The global SR market experienced a sharp downfall in demand during the global economic crisis. However, coming out of the deep recession impact, it expects a moderate growth rate close to 2 per cent CAGR in the upcoming years.
The Association of Natural Rubber Producing Countries (ANRPC) is happy to release its Natural Rubber Trends & Statistics, January 2017. Natural rubber (NR) prices have registered a good start in the beginning of 2017 with an average 10% growth across key NR markets, in spite of the price decline to US$1.00 per kilogram during early […]
The post ANRPC Releases Natural Rubber Trends & Statistics, January 2017 appeared first on Global Rubber Markets.
China is the top consumer of natural rubber in the world, thanks to its booming auto and tyre industries. The country’s domestic production of NR, however, constitutes only a fraction of its demand.
China consumed 4.7 million tonnes of NR in 2015 while the country’s total NR production came to only 794,000 tonnes in 2015. ANRPC expects China’s NR consumption to further rise to 4.9 million tonnes in 2016.