Rubber products sector stocks include companies that manufacture and supply a variety of rubber-based items, such as tyres, industrial rubber components, footwear and automotive parts.
These businesses cater to industries like automotive, construction, healthcare and manufacturing. The demand for rubber sector stocks is driven by factors such as industrial expansion, increased vehicle production, infrastructure projects and innovations in rubber technology.
The industry is also benefiting from the growing need for sustainable and high-performance rubber products. When evaluating rubber sector stocks, investors take into account factors like the cost of raw materials, government regulations on exports, environmental sustainability, advancements in technology and global market conditions.
The sector faces challenges, including fluctuating raw material prices, strict environmental regulations and competition from alternative materials.