• Vietnam industrial rubber market is projected to grow at a significant rate during the forecast period owing to growing tire industry in the country, increasing demand for automobiles and boosting economy of the country.
  • Additionally, growing applications of industrial rubber in roofing, flooring, hoses, belts, and others is further expected to fuel the market growth.
  • Further, rapidly increasing demand from building and construction industry is expected to act as an important growth driver for industrial rubber market through 2025.