Global firms operating in the rubber chemicals industry are hugely benefited by the healthy growth in both tyre and non-tyre rubber demand in India, China and other Asian countries. The growing automobile industry acts as a key growth driver for the rubber chemicals market in India, says Neelanjan Banerjee, Vice Chairman & Managing Director, LANXESS India Private Limited.
In an interview to Rubber Asia, he points out that the demand-supply position of rubber chemicals has been quite tight in the recent past mainly due to the sudden overall imbalance in the market created by the closure of many rubber chemicals manufacturing units in China.
Companies like LANXESS have significantly increased capacity production and sales to partially offset this tightness and to meet the healthy growth in demand anticipated for the near future, he adds.
(Read full story in November-December 2018 issue of Rubber Asia)