China’s Synthetic Rubber Industry Report 2018-2022 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 18, 2018--The “Research Report on China’s Synthetic Rubber Industry, 2018-2022” has been added to ResearchAndMarkets.com’s offering.
China has become the world’s largest producer, consumer and importer of synthetic rubber in recent years. With the acceleration of China’s tire industry and infrastructure, industrialized production has been achieved for eight types of synthetic rubber, i.e. styrene butadiene rubber, polybutadiene rubber, chloroprene rubber, nitrile-butadiene rubber, butyl rubber, polyisoprene rubber, ethylene propylene rubber and thermoplastic styrene butadiene rubber.
In 2017, the output of synthetic rubber in China reached 5,787,000 tons, increasing by about 3.3% YOY. Synthetic rubbers, including butadiene rubber (BR), styrene butadiene rubber (SBR), nitrile-butadiene rubber (NBR) and SBS thermoplastic elastomers, vary with each other in properties, advantages and disadvantages. For example, China needs to import high-end butadiene rubber such as rare earth butadiene rubber while it has an overcapacity of styrene butadiene rubber. China still needs to import millions of tons of synthetic rubber every year to meet its domestic demand.
According to the report, there is a structural overcapacity in China’s synthetic rubber industry, the low technical barrier of general synthetic rubber, repeated development of low-end sectors, and homogeneous middle and low-end products. Since the R&D of special synthetic rubber requires huge investment and has high technical barriers, special synthetic rubber in China is mainly imported.
According to the researcher, the main downstream industry of synthetic rubber and natural rubber is the automotive industry which contributes over 70% of the rubber consumption in China. The main demand field is automobile tires. From 2018 to 2022, China’s tire production will continue to rise and will drive the development of the synthetic rubber industry with the OEM tire demand from expanding automobile production, the tire replacement demand from increasing automobile reserves, and the increase in tire exports.
Key Topics Covered:
1 Concepts of Synthetic Rubber
2 Analysis on China’s Synthetic Rubber Industry
3 Analysis on Competition in China’s Synthetic Rubber Industry
4 Major Synthetic Rubber Manufacturers in China, 2017-2018
5 Analysis on Production Costs and Prices of Synthetic Rubber in China, 2015-2018
6 Forecast on Development of China’s Synthetic Rubber Industry, 2018-2022
Companies MentionedSinopec Qilu Petrochemical Corporation YPC-GPRO (Nanjing) Rubber Co., Ltd. Shenhua Chemical Industrial Co., Ltd. Hangzhou Zhechen Rubber Co., Ltd. Fujian Fuxiang Chemical Co., Ltd. PetroChina Jilin Petrochemical Company PetroChina Fushun Petrochemical Company PetroChina Lanzhou Petrochemical Company Tianjin Lugang Petroleum Rubber Co., Ltd. ExxonMobil Corporation Sibur Japan Butyl Co. Ltd Sinopec Beijing Yanshan Company Zhejiang Cenway New Synthetic Materials Co., Ltd. Panjin Heyun New Materials Co., Ltd. Qingdao Tpi New Material Co., Ltd. Shandong Shenchi Chemical Group Co., Ltd. Zibo Luhua Hongjin New Material Co., Ltd. Qingdao Yikesi New Material Co., Ltd. For more information about this report visit https://www.researchandmarkets.com/research/7lrcwk/chinas_synthetic?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180918005699/en/
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KEYWORD: ASIA PACIFIC CHINA
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS AUTOMOTIVE TIRES & RUBBER
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/18/2018 10:40 AM/DISC: 09/18/2018 10:40 AM