Global Resin & Rubber Industry
World consumption of rubber is expected to grow at a yearly rate of almost 4.5% through 2015 to exceed 30 million metric tons, according to research from Freedonia. Market growth will be driven by increased demand for rubber thanks to recovery in tire output as the global production of motor vehicles climbs.
In the global resin industry, paints and coatings manufacturers account for the largest market share of acrylic resins, with the paper and paperboard industry representing the fastest growing end-use for acrylic resins. Acrylic resins are part of the thermoplastic or thermosetting plastic substances category made from methacrylic acid, acryclic acid and other compounds of the same nature.