IRSG exec sees 'decade of opportunity for tire makers'

As principal guest at the opening of Tyrexpo Asia 2013, the Secretary-General of the International Rubber Study Group (IRSG) has predicted strong global demand for tires through the coming decade.

"Following two years of disappointing economic growth, in response to the European sovereign debt crisis, the weak U.S.A. economic recovery and budget issues, plus the economic slowdown in China, our latest forecasts point to a period of sustained growth and strong demand for new vehicles and tires through the coming decade," Stephen Evans said.

"Much of the demand will originate from China and to a lesser extent India, but overall the years through to 2022 will be a period of opportunity for tire makers and the replacement and service sectors."

Source: European Rubber Journal