Higher environmental standards for tire exports will boost demand for high-end synthetic rubber.
San Francisco, CA (PRWEB) January 09, 2013
The Synthetic Rubber Manufacturing industry in China is estimated to generate of $15.9 billion in 2012, says IBISWorld. Over the past five years, revenue has been growing strongly at an annualized rate of 27.1%, largely due to the rapid development of the downstream Automobile Manufacturing industry, a key consumer of synthetic rubber tires.
The top four synthetic rubber manufacturers in China – China Petrochemical Corporation, China National Petroleum Corporation – Shenhua Chemical Industrial Group and Shandong Yuhuang Chemical – generate 57.4% of industry revenue in 2012, indicating a medium concentration level within the Synthetic Rubber Manufacturing industry in China. As competition among industry participants heats up, IBISWorld anticipates that the level of market share concentration will rise. Increasing competition is the result of rising environmental protection standards and the entry of foreign companies into the China market.
The steady growth of the Automobile Manufacturing industry in China will continue to support demand for the Synthetic Rubber Manufacturing industry in China, says IBISWorld, with higher environmental standards for tire exports spurring demand for high-end synthetic rubber in particular.
For more information, visit IBISWorld’s Synthetic Rubber Manufacturing in China industry report page.
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IBISWorld Industry Report Key Topics
The Synthetic Rubber Manufacturing industry in China manufactures synthetic or artificial rubber and polymer elastomer.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.