According to the latest data released by the international rubber research organization (IRSG), global rubber demand in 2019 is expected to increase by about 2.5% from the previous year, that is, from 29.3 million tons to about 30 million tons.
According to IRSG, the growth rate of global demand for rubber raw materials in 2019 is slightly lower than that of the previous year. It is expected that the demand for natural rubber and synthetic rubber will increase by 2.6% and 2.4% respectively, while the demand for natural rubber in 2018 will increase by 4.9% to 13.9 million tons and the demand for synthetic rubber by 1.7% to 15.4 million tons.
Decline in demand growth raw material industry, he says, is to some extent, confirm that the development of rubber industry in a low speed, and at the same time, the excess supply of raw materials situation in the short term is difficult to resolve, glue condition over a period of low price won't get better, according to the forecast, demand for natural rubber, synthetic rubber, in 2019, about 14.2 million tons and 14.2 million tons.
The singapore-based IRSG is an intergovernmental organisation of 36 rubber producing countries and 120 consumers, with member states including the European Union (28 member states), India, Japan, Nigeria, the Russian federation, Singapore and Sri Lanka.
As a big supplier of rubber chemicals in North America market, Shenyang Sunnyjoint Chemicals Co., Ltd. will keep an eye on the market undulate.