Largest in the world: China is the largest consumer of rubber, the largest producer and exporter of tires.
Large but not strong: There is an overcapacity in low- and mid-range products, leading to fierce homogeneous competition; high-end materials (special synthetic rubber), high-end equipment (such as ultra-large engineering tire molding machines), and high-end brands still rely on imports or foreign investment.
Core Challenges:
High dependence on imported natural rubber (>80%), posing risks to supply chain security.
Increasing environmental pressure, with the "dual carbon" goals driving industrial upgrading.
International trade frictions (such as the US anti-dumping and countervailing duty investigations on Chinese tires).
Development Opportunities:
New energy vehicles: Creating new demand for tires (low noise, high load capacity, low rolling resistance), seals, and shock absorption systems.
Domestic substitution: Accelerated replacement of high-end rubber products in aerospace, military, and automotive sectors with domestically produced alternatives.
"Belt and Road Initiative": Driving Chinese tire and rubber companies to establish overseas factories and expand their global presence.
