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...