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Synthetic rubber industry looks to growth beyond the downturn

8:35 AM MDT | October 4, 2013 | —Natasha Alperowicz

The deceleration in the global economy has caused a downturn in demand for many industrial raw materials, including synthetic rubber. Worldwide production of synthetic rubber was 15.1 million m.t. in 2012, marginally down on the previous year, and consumption was flat, at 14.94 million m.t., according to the International Rubber Study Group (Singapore), an intergovernmental organization composed of rubber producers and consumers. Natural rubber production and consumption were also flat last year, at 11.4 million m.t. and 10.92 million m.t., respectively, says the Malaysian Rubber Board (Kuala Lumpur)....

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