The Business Research Company’s latest report Rubber Products Global Market Report 2020 covers Rubber Products market drivers, Rubber Products market trends, Rubber Products market segments, Rubber Products market growth rate, Rubber Products market major players, and Rubber Products market size. The report provides in-depth analysis of the impact of COVID-19 on the Rubber Products industry, along with revised market numbers due to the effects of the coronavirus.
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Rubber Products Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global rubber products market is expected to decline from $370.1 billion in 2019 to $358.5 billion in 2020 at a compound annual growth rate (CAGR) of -3.2%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $433 billion in 2023.
The report covers the Rubber Products market’s segments-
1) By Type: Tire, Hoses And Belting, Other Rubber Product
2) By Process: Molded, Extruded, Fabricated, Latex-based, Others
3) By End-User Industry: Construction & Infrastructure, Automotive, Electrical & Electronics, Others.
Subsegments covered: Radial Tires, Bias Tires, Rubber Hoses, Rubber Belts.
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