The industrial rubber market is projected to grow at a CAGR of 4.6% from 2017 to 2022. The industrial rubber market is projected to grow from USD 26.99 billion in 2017 to USD 33.82 billion by 2022, at a CAGR of 4.6% between 2017 and 2022. The application segment of the industrial rubber market includes automotive, building & construction, industrial manufacturing, polymer modification, wire & cable, electrical & electronics, bitumen modification, coating, sealant & adhesive, and medical & healthcare. The growth of the industrial rubber market can be attributed to the robust economic outlook for the Asia Pacific, and the increasing motor vehicle production and sales across the globe.
The industrial rubber market is expected to witness significant growth in a number of emerging economies, such as India, Thailand, Malaysia, and Brazil. The industrial rubber market in developed economies, such as the US and Japan will witness market gains below the global average, owing to sluggish growth in durable goods consumption and automotive production.
One of the major restraints for the industrial rubber market growth is environmental regulations and health hazards associated with the industrial rubber and its manufacturing. There are a number of regulations for the industrial rubber manufacturing; for example, butadiene was listed as a toxic substance under the Canadian Environmental Protection Act, 1999 (CEPA 1999). Such regulations have restricted the growth of the global industrial rubber market.
Among applications, the automotive segment is expected to lead the industrial rubber market during the forecast period. Based on application, the industrial rubber market has been segmented into automotive, building & construction, industrial manufacturing, polymer modification, wire & cable, electrical & electronics, medical & healthcare, bitumen modification, coating, sealant, & adhesive, and others.Automotive is expected to be the largest application segment of the industrial rubber market.
In terms of value, the automotive segment is projected to continue its dominance during the forecast period. Industrial rubbers are replacing other materials in several applications, as they have improved performance characteristics such as stiffness and abrasion resistance making them a suitable replacement for metal, glass, and wood parts used in the automotive application.
Among types, the synthetic rubber segment is expected to lead the industrial rubber market during the forecast period. Based on type, the industrial rubber market has been segmented into natural rubber and synthetic rubber.The growth of the synthetic rubber segment can be attributed to its wide use in different applications.
Synthetic rubber is used in large quantities in the automotive application due to its abrasion-resistant property.Synthetic rubber produced in the latex form is used as a rubbery adhesive in carpet manufacturing.
Its other applications include drive couplings, haul-off pads, conveyor belts, adhesives, roll coverings, and various other molded rubber goods.
The Asia Pacific industrial rubber market is projected to grow at the highest CAGR during the forecast period. The industrial rubber market in the Asia Pacific is expected to grow at the highest CAGR of 5.1%, in terms of value, between 2017 and 2022. The Asia Pacific is expected to lead the industrial rubber market, in terms of both volume and value, in 2017. In terms of value, the Asia Pacific is estimated to account for the largest share of the global industrial rubber market in 2017. The increased demand for industrial rubber from non-tire automotive, building & construction, industrial manufacturing, and other applications in countries such as China and India is driving the industrial rubber market in the Asia Pacific.
Breakdown of Primaries In the process of determining and verifying the market size gathered through secondary research for different segments and subsegments of the industrial rubber market, extensive primary interviews have been conducted with key industry experts. The break-up of profiles of primary participants has been given below.
BREAK-UP OF PROFILES OF PRIMARY PARTICIPANTS: • By Company Type: Tier 1 - 50%, Tier 2 - 37%, and Tier 3 - 13% • By Designation: C Level - 48%, Director Level - 31%, and Others - 21% • By Region: North America - 33%, Europe - 28%, Asia Pacific - 21%, South America - 10%, and Middle East & Africa – 8%
LANXESS (Germany), Sinopec (China), Goodyear Tire and Rubber Company (US), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), Nizhnekamskneftekhim (Russia), JSR Corporation (Japan), LG Chem (South Korea), Versalis S.p.A. (Italy), and ZEON Corporation (Japan), among others, are the key players operating in the industrial rubber market.
Research Coverage: This report offers an overview of the market trends, drivers, restraints, challenges, and opportunities with respect to the industrial rubber market.It also provides a detailed overview of the industrial rubber market across 5 regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America.
The report categorizes the industrial rubber market based on application, type, product, and region. A detailed analysis of the leading players, along with key growth strategies adopted by them has also been covered in this report on the industrial rubber market.
Reasons to Buy the Report:
This report covers the following key aspects: • What would be the size of the industrial rubber market by 2022 and what would be its growth rate from 2017 to 2022? • What are the key market trends in the industrial rubber market? • What are the factors expected to drive the growth of the industrial rubber market? • What are the barriers that impact the growth of the industrial rubber market? • Who are the key players in the industrial rubber market? • The report on the industrial rubber market covers key regions, namely Asia Pacific, North America, Europe, the Middle East & Africa, and South America, including their key countries.
Our reports have been used by over 10K customers, including:
Rubber Processing Chemicals Market, Size, Share, Outlook and Growth Opportunities 2019-2025 Rubber Processing Chemicals market outlook report presents key insights into global Rubber Processing Chemicals markets and companies with emphasis on market size, growth factors, R&D investments, market shares and 2019 market...
Stringent emission and fuel economy regulations will drive the automotive lightweight material market The automotive lightweight material market is projected to grow to USD 157.7 billion by 2027 from USD 89.1 billion in 2019, at a CAGR of 7.4% during the forecast period. The increasing demand for lightweight materials is...
Market Overview The market for polyurethane is expected to grow at a CAGR of around 8% during the forecast period of 2019 – 2024. The major factor driving the market studied is the growing demand from bedding, carpet and cushioning industry. Competition from fiberglass and polystyrene foam is expected to hinder the growth...
368 pages •
By Asia Market Information & Development Company
• Jun 2019
China’s demand for Automotive Plastics has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
The global 3D time-of-flight sensor market is estimated to account to US$ 332.29 Mn in 2018 and is expected to grow at a CAGR of 6.3% during the forecast period 2018 – 2027, to account to US$ 568.97 Mn by 2027. The global 3D time-of-flight sensor market is experiencing steady growth in the forecast period. The rapid expansion and advances...
The global precision parts market is expected to grow at a CAGR of around 12% during the period 2018–2024. The development and usage of new substrate materials, the growing prominence of Asian manufacturing, the increased automation expenditure, and advancements in CNC and milling machinery are some of the prominent factors expected...
The global automotive PCB market is expected to reach more than $14 billion during 2018–2024. The rising applicability of rigid-flex PCBs, the penetration of in-vehicle infotainment systems, the arrival of new energy vehicles, and the increased potential of ADAS are expected to contribute to the growth of the global automotive PCB market. The...
Growing adoption of automation; rising demand from emerging economies; and increasing defense expenditure are among major driving factors for motion sensor market The motion sensor market is expected to reach USD 9.3 billion by 2025 from USD 5.7 billion in 2019, at a CAGR of 8.3%. This growth can be attributed to the growing...
113 pages •
By Asia Market Information & Development Company
• Jun 2019
This study focuses on China’s Industrial Rubber Products industry forecasts. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.