World Industrial Rubber Product Markets

World Industrial Rubber Products to 2013

World Industrial Rubber Products to 2013

Global demand to climb 4.5% yearly through 2013

Global demand for industrial rubber products is forecast to climb 4.5 percent annually through 2013 to nearly $110 billion. Market advances in developing areas will be fueled by healthy economic growth, ongoing industrialization efforts and rising personal income levels, bolstering manufacturing output and fixed investment expenditures. In addition, higher living standards will help stimulate demand for automobiles and other industrial rubber product-containing durables, boosting both original equipment (OEM) and maintenance/repair/operations (MRO) industrial rubber product sales. ( http://www.bharatbook.com/detail.asp?id=133631&rt=World-Industrial-Rubber-Products.html )

Mechanical rubber goods to benefit from rising motor vehicle production

Mechanical rubber goods, which includes body seals, vibration control products, wiper blades and a variety of miscellaneous goods such as bellows, bumpers, duct covers, mallets, pads, plates and trim, comprised the largest product segment in 2008. Suppliers of mechanical rubber products will benefit from continued gains in motor vehicle production through 2013, as these products are highly represented in this market. Industrial equipment to remain largest application Industrial equipment -- which includes industrial machinery and equipment as well as off-road vehicles -- will continue to comprise the largest end-use market in 2013. Demand in this market will benefit from rising demand for heavy industrial equipment such as construction and mining machinery.

China to account for over 40% of all new demand

China, which recently surpassed the US to become the largest national market for industrial rubber products, will account for over 40 percent of all additional demand through 2013. India will also record strong gains, and sales growth is expected to be healthy as well in a number of lower-volume markets, including Thailand and Indonesia. Advances will continue to be solid in Eastern Europe, reflecting the ongoing shift of durable goods manufacturing to that region, primarily from Western Europe.

Mature markets in developed regions to also see gains

Industrial rubber product demand in the US, Western Europe and Japan will rise as well. Advances will be spurred by largely favorable economic climates and higher per capita income, resulting in increased manufacturing activity and consumer spending for durable goods. Although representing mature markets, these areas -- along with Australia and Canada -- will remain the most intensive users of industrial rubber product products because of the advanced industrial and technological nature of their economies. The large numbers of industrial rubber product-containing equipment in use will also help bolster aftermarket industrial rubber product demand.

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