Non - Tire Rubber Industry As A Whole Into The Descent Channel

The list of the world's top 50 non-tyre rubber products in 2020, organized by THE European Rubber Magazine (ERJ), is released.The list shows that in 2019, most non-tire rubber companies experienced a decline in sales revenue, profits and gross margins.Non - tire rubber industry as a whole into the descent channel.In 2020, the COVID-19 epidemic will have a great impact on downstream industries such as the automobile industry, and the non-tire rubber industry will continue to decline. The situation is not optimistic.However, medical-related rubber materials may become a new hot spot for non-tire rubber products.

Among the top 50 companies, the United States has 15 companies, making it the country with the largest number of top 50 companies; Japan has 13 companies, ranking second; the European Union has 16 companies, including 5 in Germany, 3 in Sweden, 3 in France, 2 in Switzerland, and the United Kingdom One, one in Austria, and one in Italy. In addition, there are 2 in China, 2 in Malaysia, 1 in Australia, and 1 in South Korea. There are still 11 "2 billion dollar clubs" among the top 50.

The industry pattern has not changed much, as the non-tire rubber industry as a whole has entered a downward channel, coupled with the continued impact of the epidemic, the downward trend of the industry has become more obvious, putting pressure on enterprises.

Although the sales of rubber medical supplies have risen, the COVID - 19 epidemic still has a greater impact on the world's non-tire rubber industry, making the industry's downward trend more obvious.

As the non-tire rubber industry still relies on the automotive industry, the epidemic has had a serious impact on the industry as a whole.