Industrial Rubber Products Market to reach US$103.1 bn by 2022

The global industrial rubber products market could be positively influenced by the constant efforts directed toward global industrialization, strengthening economies, and rapid urbanization. The steady rise in the manufacture of automobiles and intensifying construction activities on account of industrialization and urbanization is foreseen to largely contribute to the growth of the market. Products such as belts and hose could be mainly demanded due to the snowballing consumer demand for durable goods. There could be a major requirement of rubber roofing as the construction sector sees a rise. The manufacturing industry is also anticipated to increase the demand as it continues to grow at a telling rate.

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