According to the prediction of the Association of Natural Rubber Producing Countries (ANRPC), the world's natural rubber production will drop by 6.8% in 2020 due to the fall in rubber prices, climate change and other factors. The world's natural rubber consumption is expected to fall by 7.3% in 2020 and increase by 8-10% in 2021.
Read MoreMedical-related rubber materials may become better A few days ago, the 2020 ranking of the top 50 non-tire rubber products in the world organized by the European Rubber Journal (ERJ) was announced. The rankings show that in 2019, most of the non-tire rubber companies saw a decline in sales revenue, a decline in profits, and a decline in gross profit margins. The non-tire rubber industry as a whole has entered a downward channel. In 2020, the new crown pneumonia epidemic will have a great impact on downstream industries such as the automobile industry. The non-tire rubber industry will continue to decline, and the situation is not optimistic. However, medical-related rubber materials may become a new hot spot for non-tire rubber products.
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