Since the reform and opening up, rubber industry of China's has developed rapidly, and has formed a relatively complete industry consisting of tires, hoses, belts, latex, seals, shock absorption and isolation, building waterproofing, medical and health care, daily rubber, electronic rubber, oilfield rubber and other products, with a total of 18 categories and more than 50,000 varieties and specifications. At the same time, a complete set of industries such as synthetic rubber and natural rubber, steel wire and fibre fabrics, auxiliaries and accessories, rubber machinery and moulds have been formed.In 1997, rubber industry accounted for about 1/5 of the total industrial output value and 1/4 of profits and taxes. It has become an important industry in China's national economy that can not be ignored.
Now, rubber planting has become an important part of the economy of many countries in the tropics.The structural changes in industry and household goods are accelerating.With the increasing trend of tire production in rubber industry.Industrial products and other rubber products, articles of daily use , have a relatively slow growth in rubber usage. The tendency of blending, compounding and resinization of rubber and plastics is increasing.