It is expected that the global rubber market will be driven by the industrial application of rubber. Natural rubber is used in applications requiring high wear resistance and heat resistance. It is expected that the global market will be driven by important rubber applications in different industries, including aerospace, medical, defense, printing, automobile and agriculture.
With the expansion of the automobile market in the world, the demand for rubber manufacturing is expected to increase. Due to the strong expansion of developing economies and the increase in the per capita income of consumers in these countries, the demand for automobiles is increasing.
Therefore, the demand for rubber in these areas is rising. In addition, the increasing popularity of latex products such as catheters, gloves and belts is another factor that may support the expansion of the rubber market.