Rubber, considered one of the essential industrial products, has been hit hard by the Covid 19 virus. Rubber is majorly produced in two forms – synthetic and natural. Irrespective of the pros and cons, most industrial applications are made of synthetic rubber. Since the past decade, the consumption of rubber has been great. Rubber chemical manufacturers have been using varied technologies to upgrade the quality of both natural and synthetic rubber.
However, the sudden pandemic crisis all over the world changed the complete picture of the rubber industry. Rubber as a sole industry is not very effective. It is interconnected with many other industries like the automobile, FMCG, electronics and medical industries. Hence, when production and manufacturing in all industries came to a stop, rubber manufacturers started seeing a decrease in demand trend.
While discussing the nature of the impact, it can be suitably said that the Covid crisis positively and negatively affects this industry. For the automobile industry, new restrictions have been imposed on the import of rubber tyres from China. What does this mean? Undoubtedly, acceleration in the domestic demand for rubber!
Moreover, in the coming days, Indian rubber will be exported to other countries as well, which are breaking all business ties with China after the occurrence of the Covid issue. Again on the downside, the demand for rubber in the automobile industry has gone down for the time being. This is likely because of the global lockdown that has been going on since 2020.
Due to lockdown, the need for cars and other automobiles has become stagnant, and hence rubber tyres are no more in need. Moreover, people are travelling less nowadays due to the restrictions; unfortunately, rubber tyres’ need has gone down again drastically.
These tough times are the learning periods for all. However, the rubber manufacturers are coping up with the situation. They’ve accelerated their production in the medical industry. Over the last year, the number of medical equipment pieces produced is highest. Due to Covid, rubber gloves, gaskets, tubes etc., are in high demand globally. Both synthetic and natural rubber is used to make the same. Thus, the companies are trying to recover the losses by supplying raw materials to manufacture these tools.
Among some of India’s prominent rubber producing companies, Merchem Limited has been in the business since 1981. We sell high-quality rubber directly to pharmaceutical and tyre manufacturing companies. Hence Covid-19 has impacted our business; however, we have revived the same and is focused on providing good rubber to our clients.