BROWSE THROUGH OUR TRADE FAIRS FOR RUBBER INDUSTRY

Rubber

Overview of the rubber industry

The rubber industry is among the pivotal, time-honoured and leading sectors in the global market. The diverse applications of its end products are among the causes of this. These are produced as elastic polymers through diverse chemical processes. Also, procedures such as vulcanisation strengthen them. This results in a high stretch ratio, resistance to water, resilience, insulation, and adaptability.

Is the industry beneficial?

Rubber has applications in diverse industries. Among them are agriculture, aerospace, chemical, building and construction. They also feature defence, medicine, printing, textiles, toys, and furniture. Similarly, they include mining, automotive, hardware, tools, manufacturing, electronics, electrical, sports, and energy. It also features links to the petroleum industry. It is due to synthetic rubbers being produced from processing their raw materials.

Is the industry valuable?

As a result, the global rubber industry contributes prominently to the worldwide GDP. For instance, it has reached a market size of approximately $48.78 billion in recent years. Likewise, it is anticipated to continue growing at a CAGR of 5.1% in the upcoming decade. It is due to the high global product rates generated by more than 181,000 enterprises. They employ more than 1.3 million specialists globally. Likewise, they have generated up to 29.6 million MT(metric tonnes) worldwide.The industry often implements innovations. It is due to the significance of adapting to the latest challenges, trends, and requirements. Frequently, such innovations are presented during trade expos. It includes annual, biannual and triennial events in diverse countries. They attract hundreds of thousands of attendants.