Non-tire rubber products industry recovers

A few days ago, the 2022 global top 50 list of non-tire rubber products organized by the European Rubber Journal (ERJ) was release.

Big changes in the top 50 rankings

According to the rankings published by ERJ, Malaysia's Top Glove entered the top 10 for the first time, pushing Japan's Bridgestone out of the top 10. After becoming the new hegemon in the previous year, Germany's Frei denberg will continue to increase its sales by 11% in 2021, ranking first with 12 billion US dollar.

The newcomers to the ranking list are Sweden's Forbo Group and Denmark's Danfoss Group, ranking 49th and 50th respectivel.

Among the top 50, the United States has 15, which is the country with the most entering the top 50. Japan accounted for 13, ranking secon.

Overall sales rebounded sharply

From the list, the non-tire rubber industry as a whole rebounded sharpl.

By product, protective products related to the epidemic have grown significantly, while Supermax and Top Glove, which have experienced a relatively large increase, mainly produce protective product.

The rankings announced this time do not list corporate profits and gross profit margins as in the pas.

Acquisitions and reorganizations change the industry landscape

In recent years, the acquisition and reorganization of the rubber industry has been active, which is changing the pattern of the world's rubber industry and the ranking of the top 50 companie.

In addition, Yokohama Rubber is negotiating to acquire the tire segment of Trelleborg, and Trelleborg will focus on the non-tire rubber segment in the futur.