Technology innovations to support key sectors

Asia Pacific retains its position as the largest market in the global rubber industry due to the rapid expansion of the automobile industry alongside rising demand for rubber in the production of medical supplies, household goods, industrial products, building and construction materials, among others.

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While the COVID-19 pandemic has severely affected the supply chain for rubber products manufacturing in 2020, operations of rubber producers in the region have re-started as countries set health protocols in place. Judging by the importance that rubber played in the fight against the coronavirus, the industry is widely projected to sustain its growth momentum in 2021 and beyond. The global rubber market size is expected to surge from 2020 to 2025, with annual growth of 7.7% during the period to reach $54.9 billion by 2025, according to Market Research Reports. In the Asia Pacific, innovations, strategic market expansion, and product diversification are key factors that are expected to push the rubber industry into sustained growth. Representatives of two leading companies engaged in rubber production share their views on market trends and industry directions in 2021.

TECHNOLOGY AND MACHINERY

Medical sector drives demand for efficient systems

Mr. Daniel Yang Manager Jing Day Machinery Industrial Co., Ltd. Website: www.jingday.com