The Global Market for Ribbed Smoked Sheet (RSS) is Projected to Exceed 5.7 Million Metric Tons by 2022

Stable Automobile Production Drives Growth in the Ribbed Smoked Sheet Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Ribbed Smoked Sheet (RSS) market. The global market for Ribbed Smoked Sheet (RSS) is projected to exceed 5.7 million metric tons by 2022, driven by steady demand from various end-use applications, particularly the automotive industry where RSS finds sizeable opportunities in tire and other component production.

Ribbed Smoked Sheet (RSS) is a variant of natural rubber, comprising cis-1,4 poly-isoprene with traces of non-rubber constituents such as lipids and proteins. RSS is processed by deliberate coagulation process involving formic acid, and following coagulation, the processed material is washed, sheeted and dried by air treatment or smoking. Subsequently, the material is inspected and graded through visual methods before baling for release into commercial markets. Superior attributes in terms of high tensile strength, high resilience and low heat build-up features makes RSS one of the most widely used forms of natural rubber. Myriad applications of commercial RSS, available in grades from RSS1 to RSS5 with varied technical features, as an established raw material in the manufacture of products and solutions in automotive, healthcare/medical, industrial and consumer goods markets, represents the primary factor driving growth in consumption over the years.

Healthy growth is projected for the market in the coming years driven by expansion in demand for automotive tires, in both OEM and replacement segments. Rising sales of new passenger cars as well as commercial vehicles are consistently driving demand for OEM tires as well as replacement tires, thereby improving the market prospects for tire-grade RSS in a major way. While tires constitute the most established application for RSS within the automotive sector, the material is also widely used in manufacture of a multitude of products for automotive applications such as engine belts, insulators, gaskets, seals and strips, among others. RSS market would also benefit from uptrend in demand for healthcare/medical products market where the natural rubber variant is used to produce syringes, surgical gloves, catheters, droppers, and tests and caps, among others. Favorable economic scenario and positive momentum in the industrial end-use market where RSS finds use in tubes, mats, hoses, linings, moldings and conveyor belts, among others, is also poised to benefit market prospects in the near term.

As stated by the new market research report on Ribbed Smoked Sheet (RSS), China represents the largest and the fastest growing market worldwide with a CAGR of 5.3% over the analysis period. China consumes large quantities of natural rubber ribbed smoked sheets supported by stable economic progress; rising public and private investments in industrial manufacturing; growing automotive tire production; and high business confidence indices that remained positive over the past several years. RSS remains a highly traded commodity worldwide with production concentrated in Thailand, Indonesia, Malaysia, Vietnam, China, India, and the Philippines.

Key players covered in the report include GMG Global Ltd., Hong Sinh Rubber Joint Stock Company, Kuala Lumpur Kepong Berhad, PT Bakrie Sumatera Plantations Tbk, Royal Latex Pvt. Ltd., Shree Tirupati Rubber Products, SouthLand Rubber Co., Ltd., Sri Trang Agro-Industry Public Company Ltd., Srijaroen Group, SSP Rubber (Thailand) Co., Ltd., Teodoro González, S.A., Thai Hua Rubber Plc, The Vietnam Rubber Group, Thomson Group, Titi Latex Sdn Bhd, Tong Thai N.B. Co., Ltd., Unitex Rubber Co., Ltd., Von Bundit Co., Ltd., and Watap Thailand Co., Ltd., among others.

The research report titled “Ribbed Smoked Sheet (RSS): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in volume (metric tons) for all major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), China, Asia-Pacific (India, Malaysia, Thailand, and Rest of Asia-Pacific), and Rest of World.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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