According to Allied Market Research, the global industrial rubber market size was valued at $29.8 billion in 2018 and is projected to reach $44.6 billion by 2026, growing at a CAGR of 5.2% from 2019 to 2026. The demand for the industrial rubber market is expected to majorly increase owing to the growth in the automotive sector. Also, the growing use of natural rubber by automotive, chemical, medical, and other industries drive the growth of the market. However, there has always been a challenge in the industrial rubber market pertaining to the quality of products in ratio with the cost and the deliver ability of products as per the timeline.
A.B. Elasto Products Pvt Ltd., established on 21st May, 1996, is the entity that has been one of the best industrial rubber hose manufacturing companies in India. AB Elasto Products Private Limited is engaged in manufacturing and supplying a wide range of quality & cost effective industrial mountings, industrial hoses, air ducts, rubber products, expansion joint, to name a few, for almost 25 years now. Therefore, as a leading manufacturer of industrial rubber products in India, the firm has homestead of state-of-the-art
machines to test the quality of raw material that is procured from certified vendors, and offer robust products to its clients.
“In the last few years, we've been one of the highest suppliers of air brake hoses, which is a very integral safety item of Indian railways. And currently, we are also the largest suppliers in the Eastern part of India. Despite of COVID-19 outbreak, our company has always been on the positive side of the market, growing at 10-20 percent year-on-year. We are expecting a growth of 30 percent by the end of the year,” highlights Sushim Bhol, MD at A.B. Elasto Products.
Offering State-of-the-art products and services
A.B. Elasto Products ordained for Customers throughout the country in varied Industries which includes chemicals, petro-chemicals, railways, defense, mining & materials handling, excavator, automobile & variety of OEM market. Moreover, the company is connected with most of the government projects such as Indian Railways, SAIL, BHEL, NTPC, UCIL, BEML, NPCIL, etc. The robustness of the company's products and its related services has made clients cling to them for years across every requirement.
We've been one of the highest suppliers of air brake hoses, which is a very integral safety item of Indian railways.
“We do not sell it to the on-road market or the local market. We only offer our products to the OEMs, or the firms, such as TATA, KOBELCO, L&T etc. Any product that comes out, our directors do their best to execute the product within the stipulated period of time. So to speak, our clients are pretty much happy with our services and products. As our clients have their own commitment dates, we try our best and work 24/7 to execute the order within that period of time, we abide by our tagline, “WE MOULD YOUR REQUIREMENTS,” signifies Sushim.
The company has been consistently developing and offering services so as to cater to its clients across numerous industry verticals. The YOY revenue growth of A.B. Elasto Products has been steadily growing at an average of 25 percent with around 15-16 crore with the future looking forward to20 crore by the end of this fiscal year.