The tire industry has always been the most important industry in China's rubber products industry .The per capita consumption of rubber can reach 65%-70% of the total consumption of rubber products .Take Japan as an example the per catita consumption of rubber is the main measure of the industrial technology level of a country's rubber products. As one of the fixed indicators ,Japan's glue consumption reaches 14.76kg/in,ranking first in the world ,while the glue consumption in developed countries such as the United Stated States and Germany can also reach 11-12kg/person .
Global market analysis
From 2010 to 2020, the overall consumption of the global tire market slowed down .In 2019, the market size and consumption of China's total tire products were about 1.822 billion .The outbreak of COVID-19 began in 2020,resulting in the suspension of a large number of industrial product markets the sluggish start-up rate of tire manufacturing enterprises ,a sharp decline in market supply capacity ,and a sudden major impact on tire manufacturing enterprises,Affected by the COVID -19 pandemic , the tire industry chain has been blocked ,and a considerable number of tire enterprises have urgently adjusted their production capacity to stop production directly .Under this crisis ,various manufacturing enterprises are facing a great test, and the annual consumption and sales have decreased by more than 15% year-on-year.
