ANRPC projects rubber demand - tweets report

ERJ staff report (DS)

Cochin, India -- A series of tweets from SRI Elastomers have been reporting from the ANRPC meeting in Cochin, India. They say the following:

• Over 1 billion tyres will reach their end of life this year
• Over a billion passenger cars on the road by 2020
• By the end of the decade there will be 31.7 million metric tons of rubber consumed globally
• 23.9 million MT of rubber consumed in 2010
• 15.8 percent growth in synthetic rubber demand this year
• Butadiene crucial for synthetic rubber market. New source of low priced natural gas, C4, does not yield much butadiene = shortage
• Natural rubber market tight until 2014, short term crunch until new plantings kick in.
• Synthetic rubber production is almost non-existent in India

SRI adds that most of the statistics are from IRSG, Dr Stephen Evans presentation.

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Twitterfeed from SRI Elastomers