Global Synthetic Rubber Consumption Is Growing Year By Year

- Mar 05, 2019-

According to the latest statistics from the International Rubber Research Organization (IRSG), global synthetic rubber consumption in 2017 totaled 15.18 million tons, an increase of 2.1% over the previous year. That is to say, global synthetic rubber consumption has increased year by year since 2011.

According to national statistics, the consumption of synthetic rubber is the highest in China, reaching 4.324 million tons, an increase of 0.5%. Except for the year-on-year level in 2014, the other years exceeded the year-on-year level and showed a growth trend.

After China, the United States, synthetic rubber consumption of 1.874 million tons, down 2.0%. After the last year, there has been a decrease again.

The third place in Japan was 875,000 tons, a year-on-year increase of 1.0%. Thanks to the rebound in demand for industrial products such as hoses and gaskets, it has turned from a decrease in the previous year to an increase.

In addition, the consumption of synthetic rubber in emerging Asian countries such as India, Thailand and Malaysia is increasing year by year.