RUBBER PRODUCTS MANUFACTURING MARKET TO REACH $507 Bn BY 2020 TBRC REPORT

摘要

Growth in the global markets for rubber tires and retreads, hoses and belting, sealants and other rubber-based products is speeding up, according to research by The Business Research Company's (TBRC) recent report Rubber Products Manufacturing Market Global Briefing 2017. Rising at 3.5 per cent annually to 2016, when it was worth $411 billion, the market is now expanding at over 5 percent a year and will be worth $507 billion by 2020. Tires are the biggest-selling products, accounting for nearly three-fifths of the market and worth $240 billion in 2016, the report says.