25 Aug 2010
ERJ staff report (DS)
Mumbai, India -- Lanxess India expects demand for synthetic rubber to increase in India, a country with a long history in the production and consumption of natural rubber. Driven by the needs of rapid modernisation, said Lanxess, "India is currently undergoing a shift towards replacing natural with synthetic rubber in a variety of applications." .
One of the growth drivers for high performance rubber in India is the automotive industry, said Lanxess. Triggered by a burgeoning middle class, demand for passenger cars and two-wheelers is rising. The automotive industry is expected to grow by about 12-14 percent in 2010-2012. In addition, the government has an ambitious project of expanding and strengthening the highway infrastructure of India by an estimated growth rate of 8-9 percent.
Increases in mobility, said Lanxess, would generate more demand for tyres. Modern radial tyres rely on high-performance synthetic rubber to achieve their superior qualities. LANXESS manufactures a wide range of rubber chemicals, high-performance rubber and technical rubber products to cater to these demands.
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Press release from Lanxess
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