The abundant supply of upstream rubber resources and the rapid development of downstream automotive industry have created favorable conditions for the development of Thailand's tire industry, which has also released the application demand of the rubber accelerator market.
Rubber accelerator refers to a rubber vulcanization accelerator that can accelerate the cross-linking reaction between the vulcanizing agent and rubber molecules, thereby achieving the effect of shortening vulcanization time and reducing vulcanization temperature. From the perspective of the industrial chain, the upstream of the rubber accelerator industry is mainly composed of raw material suppliers such as aniline, carbon disulfide, sulfur, liquid alkali, chlorine gas, etc. The midstream is the production and supply chain of rubber accelerators, while the downstream application demand is mainly concentrated in the fields of tires, tape, rubber pipes, wires and cables, rubber shoes, and other rubber products. Among them, tires, as the main consumer field of rubber products, have a huge demand for the application of rubber accelerators, and their market also greatly affects the development of the rubber accelerator industry.
Taking Thailand as an example, the development of the rubber accelerator market in Thailand is influenced by the local tire industry. From the supply side perspective, the upstream raw material for tires is mainly rubber, and Thailand is the world's largest producer and exporter of natural rubber, with over 4 million hectares of rubber planting area and an annual rubber production of over 4 million tons, accounting for over 33% of the global rubber supply market. This also provides relatively sufficient production materials for the domestic tire industry.
From the demand side, Thailand is the fifth largest automotive market in the world, and also the most important automotive sales and production country in Asia, except for China, Japan, and South Korea. It has a relatively complete automotive industry production chain; In addition, the Thai government actively encourages foreign automobile manufacturers to invest and build factories in Thailand, not only providing various investment preferential policies such as tax exemptions, but also cooperating with the advantage of zero tariffs in the ASEAN Free Trade Area (AFTA), resulting in rapid development of Thailand's automobile industry. The abundant supply of upstream rubber resources and the rapid development of downstream automotive industry have created favorable conditions for the development of Thailand's tire industry, which has also released the application demand of the rubber accelerator market.
Post time: Jul-02-2023