IRSG predicts decade of strong tyre demand
The secretary general of the influential International Rubber Study Group (IRSG) has predicted strong global demand for tyres through to the end of the decade. Speaking at the opening of Tyrexpo Asia 2011 in Singapore on 29 March 2011 Dr Stephen Evans said:
“Our forecasts point to a sustained growth and strong demand for new vehicles and tyres through to the end of the decade. Much of the extra demand will originate from China and to a lesser extend India, but from an overall perspective the years through to 2020 will be a period of opportunity for tyre makers and the replacement and service sectors.”