THE INTERNATIONAL market demands for vehicle solid tires show the continuous rising trend with annual demand of about 13%, according to China-based consulting and market survey firm, Hudian Research, in its latest report, In-depth Research and Development Forecast of China Solid Tire Market, 2013-2017.
It says: “In 2012, the world’s demand for solid tyres reached 393 million. In terms of the global market, Europe and Southeast Asia are the major places of production of solid tyres.
Vietnam and Sri Lanka and other countries with large rubber output in Southeast Asia, have developed rapidly in the solid tyre manufacturing field in the recent years by virtue of their resource advantages.
Currently, China has approximately 60 manufacturers of solid tyres and the overall capacity reached 7.5 million tyres per year. In 2012, the output of domestic solid tyres reached 6.36 million with the capacity utilisation rate of about 85%.
Among the domestic solid tyre manufacturers, five are in the lead, namely Yantai C.S.I. Rubber Co., Ltd., Shandong Zhongce Tire Co., Ltd., Hebei Starbright Tire Co., Ltd., Guizhou Tire Co., Ltd. and Zhaoyuan City Dongsheng Latex Goods Co., Ltd.
The solid tyre has a wide scope of applications in various industry vehicles, military vehicles, construction machinery, and ports as well as airports. Meanwhile, in the downstream application, forklifts account for about 45% in the demand structure of solid tyres.