At present, China dominates the consumption of rubber additives, accounting for 49% of the global demand and 37% of the market value. Europe accounted for 13% of global demand, and North America accounted for 11%. The automotive industry is the backbone of demand for rubber additives, with tire production accounting for 60% of its consumption and other automotive applications accounting for about 16% of consumption.
In Asia, demand in China and Southeast Asia has grown rapidly in recent years, thanks to the rapid economic growth of China and Southeast Asian countries.
In the United States, the rubber additives market is growing in tandem with the rubber industry, the consumption of 162,000 tons in North America in 2015 is expected to remain stable until 2016, and the average annual growth rate in the region is expected to be 1-2% in 2020, and the consumption will reach 174,000 tons in 2020.
In Europe, the consumption of rubber auxiliaries in Western Europe in 2015 was about 114,000 tons, of which Central and Eastern Europe produced about 79,000 tons. It is predicted that in 2015-2020, the average annual growth rate of consumption in Western Europe will be 0.5-1.5%, the average annual growth rate of consumption in Central and Eastern Europe will be 1.5-2.5%, and the average annual growth rate of consumption in the Middle East and Africa will be 3-4%.