Marginal fall in share of SR in rubber consumption
Mumbai, April 17 -- The share of synthetic rubber in total world rubber consumption contracted marginally(-1.8%) from 53.6% in 2017 to 52.6% in 2018, according to the latest Rubber Industry Report released by the International Rubber Study Group (IRSG).
The SR share of USA in 2018 stood at 65.2%, China 44.1%, Asia-Pacific (excluding China) 46.8% and European Union-28 67.5%.
IRSG reports that there was only a marginal growth in both production and consumption of synthetic rubber in 2018. While the world SR production expanded marginally (1.0 %) in 2018, the world SR consumption too reported a marginal growth of 0.7%.
Capacity expansion in Indonesia and Singapore, and steady production growth in India, Malaysia and Thailand driven by dom...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.