Rubber industry has come a long way in the past decade. From producing largely for the domestic market, it has gradually spread its wings and is now exporting to global markets. This is a testimony to the capability of the rubber industry in India. With diverse applications in various industries and for different use cases, rubber products have become the integral cog of the finished goods of a multitude of industries.
Indian rubber industry is characterized by the co-existence of a well-established rubber production sector and a fast growing rubber products manufacturing and consuming sector. The rubber Industry value chain begins from natural rubber plantations and ends with a huge range of dry rubber and latex based products. Historically, natural rubber was a regulated commodity with strong tariff protection and domestic market regulations. The key factors which have contributed to the growth of Indian rubber industry are positive intervention of institutional agencies aiming at self-sufficiency and import substitution.
With rapid growth of natural rubber consumption, tyre industry India is raw material intensive with large import dependence. More than 70 per cent of the total natural rubber usage is by the tyre industry. With time, manufacturers in the industrial rubber products market space are increasing their efficacy in the production of multi-functionalized synthetic tires, since these offer excellent mechanical properties and increased fuel efficiency. Multi-functionalized tyres are gaining widespread application in the automotive industry, since they overcome the challenges of physical stability and safety better as compared to conventionally made tyres. With intent to tap into this potential, numerous players have ventured into the market.
We studied this industry segment in-depth and have come up with the list of Top 10 Rubber Products Manufacturers who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.
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