Report ID: 10324807 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Rubber Products Market is valued approximately USD XX million in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026. Though the demand for rubber in the automotive sector decreased due to global economic slump due to the concerns over the Coronavirus spread, the demand for latex for the production of rubber gloves increased in order to meet the rising demand during the pandemic. Industrial rubbers are among the most versatile materials that are used in almost every area of modern industry. Increasingly, synthetic rubber is used in automobile, building & design, chemical processing, silicone modification, wire & cable, electrical & electronics, bitumen modification, insulation, sealant & adhesive, medical & healthcare, and other applications. Industrial rubber is widely used in various applications in the automotive industry, including gaskets, belts and so forth. The growth of the automotive industry in the Asia Pacific region is driven mainly by the increase in the production of automobiles in China supported by the increasing demand for electric vehicles. Several foreign firms are investing in China and India as they will be the largest and fastest-growing markets in the future to support the local markets. Main industrial rubber manufacturers are building up their Asia Pacific manufacturing base to satisfy local demand from the automotive industries. International rubber manufacturing firms are also building their manufacturing units in the city, as their clients, such as Volkswagen, Mercedes Benz, and other multinationals are increasingly producing automotive locally. For instance, PJSC Nizhnekamskneftekhim began construction of a highly concentrated formaldehyde processing plant with a capacity of 100,000 tons per annum in September 2017. Formaldehyde is a raw material which is used in isoprene processing. The growth would help the firm satisfy the increasing need for isoprene rubber. Strict environmental laws have resulted in limits on the production of some kinds of synthetic rubbers. The Environmental Protection Agency (EPA) established rubber refining, production facilities for rubber goods, and sealant applications as a major source of dangerous air pollutants (HAP) pollution. BR (butyl rubber), for example, a form of synthetic rubber, through its manufacturing cycle creates harmful contaminants such as carbon dioxide, carbon monoxide, and other toxic pollutants and gases.
The regional analysis of Rubber Products market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. In terms of value, the Asia Pacific industrial rubber market is projected to grow at the highest CAGR over the forecasted period (2020-2027). The increased demand for industrial rubber from automotive, construction & construction, industrial production, and other applications in countries like China and India drives the Asia Pacific industrial rubber industry.
Major market player included in this report are:
Lanxess
Sinopec
The Goodyear Tire and Rubber Company
Kumho Petrochemical
TSRC Corporation
Nizhnekamskneftekhim
JSR Corporation
LG Chem
Versalis S.P.A.
Zeon Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By type:
Natural Rubber
Synthetic Rubber
By Product:
Automotive
Building & Construction
Industrial Manufacturing
Polymer Modification
Wire & Cable
Others
By Applications:
Mechanical Rubber Good
Rubber Hose
Rubber Belt
Rubber Roofing
Others
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026
Target Audience of the Global Rubber Products Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Report ID: 10324807 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
