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Rubber Industry Sees Growth as Demand Increases

Mar 03, 2023
Rubber Industry Sees Growth as Demand Increases

The global rubber industry is experiencing significant growth as demand for rubber products increases worldwide. The industry is expected to reach a value of $44.6 billion by 2026, with a compound annual growth rate of 4.6% from 2021 to 2026.

Rubber is used in a wide range of products, including automotive tires, footwear, gloves, and industrial products such as conveyor belts and seals. With the increasing demand for these products, the rubber industry is seeing a surge in production