Industrial Rubber Products Market To Reach Us$ 79,565.64 Mn By 2024 | TMR | Page 3

Industrial Rubber Products Market
maintain the position of the automotive industry as the key end user of industrial rubber products over
the next few years.
The report further presents a geographical assessment of the worldwide industrial rubber products.
According to it, North America, the Middle East and Africa, Latin America, Europe, and Asia Pacific
are the main regional markets for industrial rubber products across the world. Amongst all, Asia
Pacific acquired the leading position in 2015 with a share of 40% in the overall market. Researchers
predict this regional market to remain on top throughout the forecast period, thanks to the presence of
a massive pool of large-sized rubber production facilities in a number of Asian economies, such as
India, China, Thailand, Malaysia, and Indonesia.
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Urbanization and Industrialization Playing Crucial Role in Increasing Demand for Industrial
Rubber Products
“The rapid urbanization, strengthening economy, and the ongoing efforts towards industrialization
have influenced the global market for industrial rubber products significantly,” says a TMR analyst.
With the rising construction activities to cater the