Transparency Market Research Report Added "Ribbed Smoke Sheet Market" to its database.
Albany, NY -- (SBWIRE) -- 05/28/2015 -- Ribbed smoke sheet is a natural rubber in a form of sheet which is used in various industries owing to its properties like tear strength and cleanliness. The main reason to smoke the rubber sheet is to improve its tensile strength. Ribbed smoke sheet market suffered a setback during 2008 – 2009 when the global economy was under pressure, but since then the global ribbed smoke market is growing at a healthy pace.
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Some of the major factors which are contributing to the continuous growth of ribbed smoke sheet market include: the growth of global automotives market which in turn is increasing the market for tires globally, tires represents one of the major application of ribbed smoke sheets. The global tires market both new (OEM) tires and replacement tires market is growing at a healthy pace mainly after 2009. Asia Pacific is the fastest growing market for ribbed smoke sheets owing to strong demands from emerging economies like China and India. The consumers' spending in both these countries is increasing following which their GDP growth rate is well above the global GDP growth. So, huge opportunities lie in the Asia Pacific region for the market players. The global consumption of ribbed smoke sheet is expected to reach 5.5 million tons by 2018, owing to strong demand mainly in the Asia Pacific market. Asia Pacific represents the largest market for ribbed smoke sheet, along with being the largest market it is also the fastest growing market.
Some of the major players in the global ribbed smoke sheet market include: GMG Global Ltd, South Land Rubber Co.,Ltd, Tong Thai Rubber, Von Bundit Co.,Ltd, Kuala Lumpur Kepong Berhad and others.
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