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Natural Rubber Market Consumption Growing Largely Driven by Continuous Expansion of Global Tire Industry, Says New Research Reports


News provided by

RnR Market Research

25 Aug, 2015, 12:30 GMT

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PUNE, India, August 25, 2015 /PRNewswire/ --

Global and China Natural Rubber Market Report, 2014-2018 says though output of world's natural rubber fell in 2014, consumption saw a Y-o-Y growth of 6.8% to 12.16 million tons, destocking 89 kt, primarily due to the push from global tire market.

Complete report on natural rubber market spread across 83 pages, profiling 10 global and Chinese companies, as well as supported with 85 charts is now available at http://www.rnrmarketresearch.com/global-and-china-natural-rubber-industry-report-2014-2018-market-report.html .

Global natural rubber market (consumer) is primarily concentrated in China, India, Europe, Japan, etc. China is the world's largest consumer of natural rubber, guzzling 4,760 kt in 2014, representing a year-on-year rise of 13.1%, making up 39.1% of the world's total consumption. Pulled by the demand from automobile and tire industries in China, natural rubber consumption will continue to grow and is expected to reach 6,791 kt by 2018.

However, limited by unfavorable weather conditions, the output of natural rubber market in China is rather low, only 857 kt in 2014, or 7.1% of the global total. In order to meet supply-demand gap, China has to import a large amount of natural rubber from Thailand, Indonesia and Malaysia, with imports reaching 2,610 kt in 2014, 54.8% of total consumption that year. At present, Sri Trang Agro-Industry Plc., Von Bundit and Thai Hua Rubber are major global natural rubber producers. They have, by virtue of their resource advantages, continued to boost planting and production capacity. Von Bundit is the company with the largest natural rubber capacity in the world. It has production bases in Thailand, Singapore, etc. By the end of 2014, the company boasted annual capacity of 1,650 kt.

The 10 companies profiled in this natural rubber market report include Sri Trang Agro-Industry Plc., Thai Rubber Latex Corporation (Thailand) Public Co., Ltd. (TRUBB), Thai Hua Rubber Public Co., Ltd., Von Bundit Co., Ltd., Southland Rubber Co., Ltd. (all global players) as well as Chinese players like China Hainan Rubber Industry Group Co., Ltd. (601118), Sinochem International Corporation (600500), Yunnan State Farms Group Co., Ltd., Guangdong Guangken Rubber Group Co., Ltd. and Yunnan Gaoshen Rubber Co., Ltd. Order a copy of Global and China Natural Rubber Market Report, 2014-2018 at http://www.rnrmarketresearch.com/contacts/purchase?rname=408886 .

Sri Trang Agro-Industry Plc. is the world's second largest natural rubber producer. By the end of 2014, it had set up 26 plants in Thailand and Malaysia, totaling a capacity of 1,400 kt/a. The company's processing plant in Burma will go into production at the end of 2015, then adding natural rubber capacity of 100 kt/a.

Meanwhile, major Chinese natural rubber market producers, including Sinochem International, Guangdong Guangken Rubber Group and China Hainan Rubber Industry Group, are actively developing new products and speeding up the implementation of "going out" strategy.

Sinochem International Corporation is the largest supplier of natural rubber in China. By the end of 2014, the company had 23 processing plants in 8 main rubber producing countries with total annual capacity of 730 kt, including a capacity of 36 kt/a added in Africa.

China Hainan Rubber Industry Group Co., Ltd. is the largest natural rubber producer in China. As of the end of 2014, the company had the planting area of 3.53 million mu (1mu equals to about 1/15 hectare). In Jul 2015, the natural rubber material for domestic military aircraft tire jointly developed by the company and Shuguang Rubber Industry Research and Design Institute of China National Tire Rubber Corporation passed technical evaluation, breaking monopoly of imported high-end products in military aircraft tire in China.

Guangdong Guangken Rubber Group Co., Ltd. began to expand its overseas business from 2004. In May 2015, the company added 1,500 hectares of rubber planting area with operation period of 60 years, further expanding its natural rubber market planting territory.

The second and related research titled Global and China Tire Industry Report, 2014-2015 says declining price in natural rubber market helped substantial cost reduction of tire vendors; the tire price was more stable than the costs although it did drop. Despite the shrunk revenue in 2014, almost all tire producers saw higher profit margins. This situation continues in 2015, reflected in the falling price in natural rubber market and the slight decline in the tire price. What comes to the momentous event in the tire industry in 2015 is that the state-owned Sinochem is probable to acquire the shares of the world's fifth largest tire company -- Pirelli to demonstrate the strength of China in the capital field, which is a blockbuster in the tire industry. For a long time, Chinese tire makers have not found a way into the field of sedan OE Tires, so they primarily target RT and truck tire markets. Pirelli is the most important tire supplier for BMW, and the second largest supplier for Mercedes-Benz, also one of Ford's main suppliers. Through the acquisition of Pirelli, Chinese vendors have begun to supply OE Tires for luxury cars.

In future, Chinese companies may make more acquisitions to expand the market, obtain technologies and avoid the anti-dumping investigation of the United States. Finland-based Nokian, America-based Titan and CTP, Russia-based Nizhnekamskshina and OJSC, as well as Belarus-based JSC Belshina Belarus are likely to be potentially taken over. If Chinese companies take over Nokian, they will seize the excellent winter tire technology. Read more on this research at http://www.rnrmarketresearch.com/global-and-china-tire-industry-report-2014-2015-market-report.html .

For the tires market as well as related rubber industry, RnRMarketResearch.com has multiple newly published and relevant research titles that might be of interest:

Natural & Synthetic Rubber World Report: This global research on synthetic and natural rubber market covers products and markets inclusive of Natural Rubber: Latex, Dry and Synthetic: S-Type Butadiene-Styrene Copolymers, Polyisoprene Type, Ethyl-Propylene Type, Butyl Type, Polychloroprene Type, N-Type (Butadiene-Acrylonitrile), Stereo Polybutadiene Elastomers, Polyurethane, Other Elastomers, Thermoplastic Elastomers and Other Synthetic Rubber Materials. Consumption information is given at industry / distribution channel / service or product line level. Data and information on 13 products are covered for over 200 countries spread across 2059 Pages, 9969 spreadsheets, 9730 database tables as well as 512 diagrams and maps. Comprehensive table of contents and more on this research is available at http://www.rnrmarketresearch.com/natural-synthetic-rubber-world-report-market-report.html .

Explore more reports on rubber industry including natural rubber market at http://www.rnrmarketresearch.com/reports/materials-chemicals/plastics/rubber .

About Us:
RnRMarketResearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

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