Growing Demand for Industrial Rubber Products: A Market Overview
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In 2023, the industrial rubber products market is expected to exceed US$ 113.7 billion. According to FMI, the market is expected to reach US$ 214.7 billion by 2033, expanding at a 6.6% CAGR over the forecast period. <br>The industrial rubber products market has been gradually expanding due to rising demand from end-use sectors such as automotive, construction, and aerospace. The increased need for lightweight and long-lasting rubber products in various sectors is a primary driver of market expansion.
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Growing Demand for Industrial Rubber Products: A Market Overview
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