The global market is currently in its fourth year of
surplus of natural rubber. The excess supply situation has caused stocks to
pile high and prices are falling steadily. It is expected that global surplus
by the year 2020 will be approximately 1 million tons of natural rubber and 3
million tons of synthetic rubber.World demand for natural rubber, which is
primarily used to manufacture tires, is cooling down due to the economic
downturn in China.
Asia accounts for 93% of the world natural rubber
production with Thailand being the largest producer followed by Indonesia and
Vietnam. Other large rubber producers in the region include India, China and
Malaysia.
China is the world’s largest consumer of natural
rubber followed by India and the United States. Increasing consumption of tyres
and industrial rubber products is expected to boost the global demand for
natural rubbers. Indonesia is the second largest rubber producer globally
behind Thailand. While the industry is faced with challenges such as low
production and poor infrastructure, growing rubber demand from developing
economies is expected to boost the market in 2015.
Indonesia is the second largest natural rubber
producer globally. The industry is currently experiencing oversupply with
demand having slowed down particularly from China which is the largest buyer of
rubber in the world. Sumatra is the key natural rubber producing area in
Indonesia accounting for two-thirds of the rubber latex harvested followed by
Kalimantan, Sulawesi and Java. 85% of the rubber producers are smallholders and
they contribute 81% to the national output. Actively supporting the sector, the
International Rubber Consortium, which is a body representing rubber producers
Thailand, Indonesia and Malaysia, has recently recommended the commodity not be
sold at the current low prices.
Why should the
report be purchased?
The report ‘Assessment
of Indonesia's Rubber Industry Analysis 2015’ highlights key dynamics ofIndonesia's
rubber sector. The potential of the sector has been investigated along with key
challenges.The current market scenario and future prospects of the sector has
also been studied. The report contains profiles of key players including
Bridgestone Corp, Michelin, Goodyear, Continental A.G. and Sumitomo Rubber
Industries Ltd.The report contains latest verbatim of industry experts.
Spanning over 40 pages “Assessment of Indonesia's Rubber Industry Analysis 2015” report
covers Global Rubber Industry, Indonesia Rubber Industry, Competitive
Landscape, Research Methodology. The report covered companies are - Bridgestone
Cor, Continental A.G., Goodyear, Michelin, Sumitomo Rubber Industries Ltd.
For more information Visit at: http://mrr.cm/ojc
Find all Rubber Report
at: http://www.marketresearchreports.com/rubber
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