COVID 19 Impact Analysis: Rubber Vulcanization
Global rubber vulcanization market is witnessing a mixed impact of COVID 19 outbreak. This is because of the widespread uses of rubber in various end-use industries such as automotive, aerospace, healthcare, and consumer goods, among others.
Rubber vulcanization is a process of modifying the rubber elasticity and strength, and every type of rubber is vulcanized before using. The reduced demand for automobiles and consumer goods coupled with the breakdown of supply chains, has resulted in reduced demand for rubber components in automotive and consumer goods industries.
On the other hand, extensive use of rubber in the healthcare sector for a variety of applications such as injection parts, gloves, tubing, rollers, diaphragm, cord, and catheters is still driving the demand for rubber vulcanization. It is also used in wheels and casters fixed to hospital beds and trolleys as well as in electronic medical devices. Biocompatibility, bio-durability, sterilizability, processability, as well as mechanical properties, such as flexibility and resilience of these rubbers, make them an excellent choice of material for medical applications. The rapidly increasing number of COVID 19 patients across the globe drive the demand for medical rubber products, thereby positively influencing the rubber vulcanization market.
Moreover, with the gradual resuming airline operations as well as roadways due to lifting of travel bans, the market is expected to pick up recovery soon.
For post COVID-19 scenario, rubber vulcanization market remains a growth-positive market for the chemical industry players. Factors such as rapid industrialization and growing geriatric population worldwide would be key drivers of the global rubber vulcanization market.