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Global rubber machinery market forecast to reach $5.6 billion by 2021
Editor:LISA TAN  Post Time:2017-12-12  Click:

Global rubber machinery market forecast to reach $5.6 billion by 2021

 

(sources from rubberworld, edited by Lisa Tan, Hunan Farida tel:+86-731-83213228 cellphone: +86-1511 354 285 lisa@hnyxchem.com.cn

     Hunan Yixiang Technology has a history of more than 20 years, and we are specialized in producing organic peroxides, such as BIPB(Cas NO.:25155-25-3), DHBP(Cas NO.:78-63-7), TMCH(Cas NO.:6731-36-8), co-crosslinking agent TAIC(Cas NO.:1025-15-6) and flame retardent TBC(Cas NO.:52434-90-9).We have fully finished REACH registration for BIPB and TAIC and maderegistration for TBC.

     The development of the rubber machinery industry is closely related to the development of the tire industry. The weak tire industry in the past two years has dragged down the development of the global rubber machinery industry whose sales reduced 4.2 percent year on year to $4.6274 billion in 2016. As the tire industry resumes growth, the global rubber machinery revenue is expected to maintain the growth rate of about 5 percent between 2017 and 2021, and will hit $5.634 billion in 2021, according to the latest report from Research and Markets. China has garnered the highest rubber machinery revenue in the world for 13 consecutive years, with annual sales of RMB 9.6 billion and accounting for 36.2 percent of the global total in 2016. Under the considerably improved environment for rubber, tires and the like, the global rubber machinery industry has ameliorated since the second half of 2016; plus, China's victory in final results of the anti-dumping and countervailing duty investigation initiated by the United States against Chinese truck and bus tires at the beginning of 2017 has facilitated the development of the tire market and led to tire makers' greater willingness to make more investments for capacity expansion. The rubber machinery industry will resume growth in 2017, and achieve RMB 14.1 billion in 2021. In the future, driven by Industry 4.0, intelligent manufacturing and other policies, technological innovation, equipment automation and intellectualization will be the main development trend of rubber machinery; besides, the enterprises boasting state-of-the-art technologies will gradually seize the market.

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