Rubber Industry
The rubber industry involves the production and processing of rubber, a versatile material derived from the sap of the rubber tree or synthesized from petroleum. It plays a crucial role in various sectors, including automotive, manufacturing, and consumer goods, providing essential products like tires, seals, and footwear.
Natural rubber is primarily sourced from tropical regions, while synthetic rubber is produced through chemical processes. The industry faces challenges such as fluctuating prices, environmental concerns, and the need for sustainable practices. Innovations in biodegradable rubber and recycling methods are being explored to address these issues and enhance the industry's sustainability.