Kline report highlights growing demand for’greener’rubber process oils

摘要

GLOBAL rubber consumption is expected to slow down in the next five to 10 years due to slower tyre demand.Since tyres are the major consumer of rubber and rubber process oil(RPO),the demand for RPO is expected to grow slower during this period.Furthermore,there is an emerging trend to use less RPO to produce lighter tyres.However,demand for other rubber goods(shoes,toys,tubes,hoses and belts,etc.),is expected to grow and drive growth in the RPO market,which is estimated at close to 3.3-mt globally in 2018,according to a new analysis by consulting firm,Kline.It expects the market to grow at a CAGR of around 1.8% during2018-2028.