Year in Review: Natural rubber, synthetic rubber markets struggle with volatility
- Jan 03, 2020-
Synthetic rubber continues to struggle with overcapacity issues, though less so during 2019 than prior years. Roxanna Bauza-Petrovic, general director of programs for the International Institute of Synthetic Rubber Producers, said Asia-Pacific controls 56 percent of overall SR capacity globally with tire elastomers making up 60 percent of the market.
While utilization rates improved overall during the past few years, fewer companies are accounting for the bulk of total global SR production capacity. In 2014, a total of 25 firms controlled 80 percent of capacity. In 2018, that dropped to 21 thanks to a combination of the big players continuing to grow and closures among some of the smaller firms.