The Synthetic Rubber Manufacturing industry in China is expected to generate $25.5 billion in 2014, up 14.3% from 2013. Over the past five years, revenue has been growing strongly at an annualized rate of 26.0%, largely due to the rapid development of the downstream Automobile Manufacturing industry (IBISWorld industry report 3721), a key consumer of synthetic rubber tires.
Output of synthetic rubber in 2014 is expected to increase by 7.3% to 4.4 million tons. Exports are set to reach $626.4 million in 2014 or 2.5% of total revenue – down from 3.5% in 2009. Imports are forecast to reach $5.0 billion or 16.6% of domestic demand – down from 32.8% in 2009.
The Synthetic Rubber Manufacturing industry in China manufactures synthetic or artificial rubber and polymer elastomer.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.