The growth of global rubber consumption drives the growth of Chinese rubber chemicals 2018

The growth of global rubber consumption drives the growth of Chinese rubber chemicals 2018

1.Global rubber consumption increased by one million tons(2017) . The growth rate is 3-4%

According to data released by the International Rubber Study Group (IRSG), global rubber consumption increased by one million tons in 2017, with a growth rate of about 3-4%. Estimated by this growth rate, global rubber consumption in 2018 is around 29.25 million tons.

2.Chinese rubber consumption accounts for 1/3 of the world

Chinese rubber consumption ln 2017 was 9.432 million tons, and rubber consumption accounted for 33.4% of global rubber consumption of 28.277 million tons, ranking first in global rubber consumption.

3.Chinese rubber chemicals in the first three quarters of 2018 compared with the same period in 2017

Current industrial output value: 20.09% in 2018, 0.6% increased in 2017

Sales revenue: an increase of 19.08% in 2018, an increase of 0.5% in 2017

Rubber chemicals production: an increase of 5.57% in 2018, an increase of -1.7% in 2017

Export delivery value: 25.31% increased in 2018, 9.94% increased in 2017

It can be seen that Chinese rubber auxiliaries industry grew steadily in 2018, and all indicators were better than 2017. However, from the recent forecast of domestic and foreign economy and automobile production and sales data, the market will face challenges next year.