Rubber industries in India – In a nutshell

The rubber industries in India fast expanding and has the reputation of being the largest producer and consumer of natural rubber in the world. The annual growth rate of rubber is growing standing at a growth rate of 8-9% in foreign exchange reserves. Despite the volatility in the global rubber production, the Indian rubber production has remained stable at the rate of 6% per annum. Moreover, the consumption of rubber has increased by 22% in 2021, meanwhile the demand for global rubber has also increased with a growth of 11%.

The rubber industries in India are adopting new technologies to stay ahead in the game to maximize opportunities and take advantage of the emerging technologies and latest innovations in the field. The global rubber market is expected to touch USD 51.21 billion by 2027. Bearing this in mind the industry must take steps to reduce plastic waste, use renewable resource to stay ahead of competition. The manufacturing process is revolutionized with innovations like 3D printing and self-healing rubbers. It improves the quality of the product by increasing efficiency and minimizing costs.



The growth in rubber industries in India is due to the development in the automotive sector. To increase revenue in the sector it is important to embrace innovative technology and trends and make informed decisions. Evaluate the market risks before strategizing on the capital, customer requirements and profits. Investing in technologies can improve operational efficiency. Manufactures like Alfa Rubber have embraced latest technology to improve the production using automatic batching machines, vacuum molding and transfer press, performer & cryogenic de-flashing, rubber injection molding, etc. for producing rubber products to cater to different industries like automotive, agriculture, electrical and electronics, defense, etc.

Digitalization helps in reducing emissions and transparency in the supply chains. Embracing biodegradable materials can save the planet. The global rubber demand is likely to increase by 2.8% by 2023, says International Rubber Study Group (IRSG).


For More Details:

ALFA RUBBER & SPRINGS PRIVATE LIMITED

A-13/A, SIPCOT INDUSTRIAL COMPLEX,

GUMMIDIPOONDI. TAMILNADU 601 201, INDIA

 

Website: https://alfarubber.com/

Email: info@alfarubber.com

Phone: +91-44-27922057


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