HOUSTON (Feb. 18, 2010)—The International Institute of Synthetic Rubber Producers has issued three Chinese synthetic rubber market studies concerning polybutadiene rubber, acrylic rubber (ACM) and the general Chinese synthetic rubber industry.
The reports, prepared by the China National Chemical Information Center, are collected in the “Elastomer Bulletin,” which is published jointly by the IISRP and CNCIC, according to Leon Loh, IISRP's general director of programs.
The first study, (2A), updates the status of the Chinese synthetic rubber industry. The cash-rich emerging companies in the private sector are playing an increasingly important role in the synthetic rubber manufacturing business, versus the existing two state-owned groups of PetroChina and Sinopec, according to the study. In the next few years, the privately held companies are expected to add more than 300,000 metric tons, primarily in the area of specialty rubbers such as IR and IIR.
The second study, (2B), covers the polybutadiene rubber supply and demand in Chinese market Total BR capacity in China reached more than 500,000 tons at the end of 2009. An additional 360,000 tons of BR capacity will be added by year 2011 by all Chinese producers.
The third study, (2C), concerns the ACM market in China, where total demand is about 24,000 to 26,000 tons per year, mainly for use in the automobile production and maintenance sectors.