Industrial Rubber Products
Market
An ever-expanding population, rising spending power of people in emerging economies of the world, and rapid
urbanization are some of the primary factors driving growth in the global market for industrial rubber products.
On account of the aforementioned factors, demand for bicycles and motorcycles across the globe has seen a
major uptick and this in turn has driven up demand for rubber used in non-motor vehicle tires. Besides,
increasing commercial construction, numerous infrastructural projects, and growing production of machinery
are also said to be stoking the market.
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“A restraint in the global market for industrial rubber products is the uncertain prices of raw materials and a
strong dependency of suppliers on original equipment manufacturers. Besides, growing penetration of import
and declining demand from transportation equipment