According to statistics of the International Synthetic Rubber Manufacturers Association (IISRP), global rubber consumption in 2004 was 2002 million tons, of which 59% were synthetic rubber and 41% were natural rubber. In 2003, the consumption of synthetic rubber in China reached 2.155 million tons, which began to surpass the 1.942 million tons in the United States and 11.11 million tons in Japan, becoming the world's largest consumer of synthetic rubber.
In 2004, among the global synthetic rubber consumption, butyl rubber (BR) and styrene-butadiene rubber (SBR) accounted for more than 60% of the total consumption of synthetic rubber. The total production capacity of BR and SBR in the world is 7.2 million tons/year, of which Goodyear takes up 10%, Chinese producers and Bayer take up 8% each, Russian producers take up 6%, Dow Chemicals, Michelin, and Kumho Petrochemicals Korea Companies each 5%, Petroflex 4%, Eirestone 4%, Eni Chemical 4%, ASC/ISP 3%, JCR (Japan Synthetic Rubber) 3%, Japan Zeon 2%, Karbochem 1%, Korea Hyundai Petrochemical 1%, and other companies 31%.
According to the analysis of the International Rubber Research Group (IRSG), the world's rubber consumption increased to 200,000 tons in 2004, which is the third year of continuous growth in recent years, but the growth rate is 3.7%, which is lower than the growth rate of the previous two years 5% It is expected that the growth rate of global rubber consumption this year will be 4.6% and consumption will increase to 20.94 million tons. Next year, this figure will be 4.3% and 21.84 million tons respectively. The demand for rubber in Asia-Pacific, the European Union and other parts of Europe will rebound, and the demand growth in North America, Latin America and Africa will slow down.
It is expected that the world production of natural rubber will increase by 4.8% this year, and the growth rate will slow down to 1.6% next year. The growth of NR production in Malaysia will be higher than Indonesia and Thailand, while growth in other parts of Asia, Africa and Latin America will be relatively slow. In the next two years, the world's synthetic rubber production will slow down to 3.0% to 2.5%. The growth rate in Europe will slow down, and the Asia Pacific region will become the locomotive for production growth.
According to the forecast of the International Synthetic Rubber Manufacturers Association (IISRP), by 2020, the world's natural rubber consumption will reach around 10 million tons, and synthetic rubber consumption will reach around 16 million tons. Among them, China's natural rubber consumption is more than 2.5 million tons, and synthetic rubber consumption is more than 5 million tons.
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