Global Industrial Rubber Market: Segmental Analysis
The Global Industrial Rubber Market has been segmented on the basis of Product, Type, Product Processing, Region and End-Use Industry.
By Mode of Product Processing, the Global Industrial Rubber Market is segmented into roller die, coating, extrusion, calendering, molding & casting, and others.
By Mode of End-Use Industry, the Global Industrial Rubber Market is segmented into electrical & electronics, automotive, building & construction, industrial manufacturing, and others.
The Industrial Rubber Market is estimated to expand at a staggering CAGR during the forecast period (2018-2023) owing to the increasing demand from the automotive industry, asserts Market Research Future (MRFR). Rubber is a hydrocarbon polymer which occurs as a milky latex in the sap of several plants and can also be synthetically manufactured. Industrial Rubber can naturally occur or can be synthesized commercially.
Mahansaria Tyres Private Limited has proposed a manufacturing plant for several types of automobiles and tyres ancillary items. The company intends to manufacture off-highway tires for vehicles used in construction, forestry, agriculture, industrial, and mining handling. The company apart from this will also manufacture tyres for motorcycles and passenger cars.