CELLULAR RUBBER MARKET ANALYSIS

Cellular Rubber MarketSize and Trends

Cellular Rubber Market Outlook – Rising Demand from Chemicals and allied Industries to be the Major Market Driver  

Asia Pacific and North America are expected to be the most potential markets for cellular manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. According to IBEF, US$ 7.64 billion was generated by the Indian plastic industry in 2015-16. This included exports to countries such as US (US$ 898.45 million), UAE (US$ 422.74 million), Saudi Arabia (US$ 169.1 million), China (US$ 489.25 million), UK (US$ 287.68 million), Germany (US$ 290.03 million), Italy (US$ 286.9 million), Bangladesh (US$ 184.33 million), Turkey (US$ 285.23 million) and Nepal (US$ 161.09 million). India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.