Rubber Industry
Global Rubber Market is Growing Consistently
Rubber is an indispensable resource. It is required in the manufacturing of many industrial and consumer products, such as tires, gloves, elastics, and hoses to name just a few important applications.
This year, total global rubber consumption is estimated to increase by 1.8% from 2015, with additional growth of 2.9% and 3.3% expected in 2017 and 2018 respectively 1 . Rubber consumption is expected to further increase given expansion in the global automotive and medical device industries, with projected growth of 2.7% per annum over the next decade.
