Global demand for butyl rubber will likely rise 3.0%-3.5% annually over the next few years and may rise above 1.0 million metric tons for the first time in 2011, a senior executive said Wednesday.
The market size was around 950,000 tons last year and is projected to be lower in 2009 but will recover from 2010 onwards, said Ron Commander, managing director of Lanxess International.
Switzerland-based Commander said the company's two BTR production units at Zwijndrecht in Belgium and Sarnia in Canada have been operating at full capacity since May.
Despite the rising demand for butyl rubber, the company won't bring forward from 2014 its plan to start a new plant in Singapore, he added.
Close to 86% of the world's BTR is used in automotive parts and tires.
(Source: http://irco.biz)
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