BEIJING, China (Dec. 1, 2011)—Lanxess A.G. expects sales of low-rolling resistance car tires in China to increase from practically zero today to 50 percent of the market by the year 2020.
China is the world's largest car market, and demand for car tires (whether green or not) is expected to rise by 9 percent per year in the coming years.
About 400 million car tires are produced in China each year – one-third of global tire production.
The announcement was made at an event on the eve of the Lanxess Rubber Day event in Beijing Dec. 2.
The China Petroleum and Chemical Industry Federation is the partner for Rubber Day China. The conference is also supported by the two Chinese industrial associations for rubber and synthetic rubbers, the German Institute of Rubber Technology, Beijing University of Chemical Technology and Qingdao University of Science and Technology.