Skip to main content

Industrial Rubber Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

 Global Industrial Rubber Products Market: Key Highlights

·         The global industrial rubber products market was valued at ~US$ 106 Bn in 2018, and is anticipated to expand at a CAGR of ~6% from 2019 to 2027. The demand for synthetic rubber has increased in industrial, automotive, and performance-demanding applications due to their unique properties.

·         In terms of volume, the automotive industry is a major consumer of industrial rubber products, which are used in various dynamic and static seals, belts, and hoses. Thus, rise in the demand for rubber products in various industries is driving the global industrial rubber products market.

Key Drivers of Global Industrial Rubber Products Market

·         According to the European Construction Industry Federation (FIEC), the global construction sector is expected to reach US$ 8 Trn by 2030. China, the U.S., and India account for more than 50% share of the global construction sector.

·         Rubber is widely used in construction in the production of window seals, bearings, expansion joints, facade seals, belts, sheets, floorings, and mountings, due to its excellent physical properties such as temperature resistance, flame retardancy, low smoke & toxicity, absorption, environmental resistance, and water resistance.

·         Growth of the construction & infrastructure industry is driving the global industrial rubber products market.

 

Request PDF brochure

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1565

Increase in Recycling Rate of Rubber to Create Opportunities in Global Market

·         Recycled rubber is environment-friendly. Commonly recycled rubber is used in the manufacturing of tires, tennis shoes, rubber beach balls, and hot water bottles, etc.

·         Environment-friendly rubber products can be used in the automotive and construction sectors. They are commonly used as a type of flooring product, such as rubber flooring, playground surfaces, rubber matting, recycled rubber mulch, and rubber pavers. These factors are likely to create lucrative opportunities for the global industrial rubber products market.

Government Regulations and Health Hazards Associated with Industrial Rubber to Hamper Market

·         The production of rubber products entails heterogeneous mixtures of numerous chemicals to carry out heat, pressure, and catalytic actions during various manufacturing processes. As a result, the work environment may be contaminated with dust, gases, vapors, fumes, and chemical byproducts. Workers may be exposed to these hazards through inhalation and skin absorption during rubber processing and product manufacturing.

·         Competition from suppliers in low-cost countries is expected to adversely affect the prices of a majority of industrial rubber products, thereby limiting value gains. Thus, overdependence on suppliers, uncertain raw material prices, import duties, health hazards, and stringent government regulations are anticipated to hamper the global industrial rubber products market.

 

More Trending Reports

https://www.prnewswire.com/news-releases/producers-in-oleate-esters-market-consolidating-output-to-meet-demands-in-wide-spectrum-of-applications-global-valuation-to-surpass-us-2-63-bn-by-2027-tmr-301268864.html

Asia Pacific Dominates Global Industrial Rubber Products Market

·         The industrial rubber products market in China is driven by significant increase in the number of automobiles in the country. Growth of the automotive industry in China and the availability of low-cost labor in the region are major factors driving the automotive parts & components sector in Asia Pacific. Rubber is commonly used to manufacture various automotive parts, such as washers, wipers, and belts. Thus, the expanding automotive industry in Asia Pacific is driving the industrial rubber products market in the region.

 

Request enquiry before buying

https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1565

 Natural Rubber Held Major Share of Global Industrial Rubber Products Market

·         Natural rubber is expected to be a highly attractive rubber type segment of the industrial rubber products market. Natural rubber has low hysteresis, which leads to low heat generation, maintains the integrity of belts and hoses, and extends retreadability. Moreover, natural rubber has low rolling resistance, which results in enhanced fuel economy.

·         The styrene-butadiene rubber sub-segment accounted for a considerable share of the synthetic rubber segment in the global industrial rubber products market in 2018. SBR possesses high strength, abrasion resistance, and blend capability. SBR is comparatively less expensive than other synthetic rubber products.

Molded Process Prominent in Global Industrial Rubber Products Market

·         In terms of process, molded is likely to be a highly attractive segment of the global industrial rubber products market during the forecast period. Transfer molding offers design flexibility and allows for sharper edges. The molded process provides tighter control of dimensional tolerance and economical process for medium to high precision components.

 

Request for custom research

https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1565

Top Players Account for Major Market Share

·         Prominent players operating in the global industrial rubber products market are Bridgestone Corporation, Goodyear Tire and Rubber Company, Continental AG, and Sumitomo Riko Company Limited. Key industrial rubber product manufacturers accounted for approximately 40% to 50% share of total global market in 2018.

·         On April 1, 2019, Parker Hannifin Corporation extended its hose range with the introduction of R50TC/R56TC ParLock multi-spiral hoses, which are available with four or six spirals. ParLock R50TC/R56TC offers a tight bend radius, not greater than R15 hose specification. Additionally, it has been tested for one million cycles at 120% working pressure. The range has also been approved with 8,000 psi flanges in straight, 45° and 90° configurations.

·         In March 2017, Yokohoma Rubber Co., Ltd. acquired Aichi Tire Industry, which manufactures and markets tires for use in forklifts and other industrial machinery.

 

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more