The Global Industrial Rubber market is increasing the forecast years of 2018-2025 and pulling the industry with it. The company profiles of all the key players and brands that are dominating the Industrial Rubber market with moves like product launches, joint ventures, merges and accusations which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned in the report. The report is generated based on the market type, size of the organization, availability on-premises and the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
The Global Industrial Rubber Market is expected to reach USD 38.49 billion by 2025, from USD 26.86 billion in 2017, growing at a CAGR of 4.4% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The Global Industrial Rubber Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial rubber market for global, Europe, North America, Asia Pacific and South America.
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Global Industrial Rubber Market By Type (Synthetic rubber and Natural rubber), By Application (Automotive, Building & Construction, Industrial Manufacturing, Polymer Modification, Wire & Cable, Electrical & Electronics, Bitumen Modification), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Major Market Competitors/Players: Global Industrial Rubber Market
Some of the major players operating in the global industrial rubber market are LANXESS, US Rubber, TSRC, Nizhnekamskneftekhim , JSR Corporation , LG Chem , Versalis S.p.A. , ZEON Corporation , Ansell, Asahi Kasei Advance Corporation, NISHIKAWA RUBBER CO.,LTD., THAI RUBBER CORPORATION, Companiess.com, Trinseo, versalis.eni.com. Bridgestone, Exxon Mobil Corporation , MICHELIN, Sri Trang Agro-Industry Plc., The Dow Chemical Company , Bridgestone Corporation, Cooper Standard Inc., Continental AG, Freudenberg Group, The Goodyear Tire & Rubber Company, HEXPOL AB, Gates Corporation, NOK CORPORATION, Sumitomo Riko Company Limited, Eaton, Myers Industries, Inc., Yokohama Rubber Co., Ltd. among others.
- To perceive the most influencing pivoting and hindering forces in Industrial Rubber Market and its footprint in the international market.
- Learn about the market policies that are being endorsed by ruling respective organizations.
- To gain a perceptive survey of the market and have an extensive interpretation of the Industrial Rubber Market and its materialistic landscape.
- To understand the structure of Industrial Rubber Market by identifying its various sub segments.
- Focuses on the key global Industrial Rubber Market players, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Industrial Rubber Market submarkets, with respect to key regions (along with their respective key countries).
- To strategically profile the key players and comprehensively analyze their growth strategies
- To analyze the Industrial Rubber Market with respect to individual growth trends, future prospects, and their contribution to the total market.
Major Market Drivers and Restraints:
- Increasing demand from the automotive industry
- Growing demand in Asia- pacific
- Growing demand for eco-friendly rubber
- Environmental regulations
- Health hazards associated with industrial rubber
This market report defines the market trends and forecast the upcoming opportunities and threats of the global industrial rubber market in the next 8 years. Industrial rubber is classified into synthetic rubber and natural rubber. Synthetic rubber is produced by polymerizing unsaturated hydrocarbons such as isoprene and butadiene. It has major role in the automotive industry. Natural rubbers are obtained from the latex sap of trees. There are various applications of natural rubber in different sectors such as chemical, transportation, agriculture, and aerospace industries. Application of wire & cable in rubber industry is the most prominent factors in the market, such as rubber insulated reeling cable, submersible pump cable, flat wire, roller bind cabala, among others. According to the article published in 2016 by powerwatchindia, wires and cables market in India accounted for 40% of the electrical industry. Currently the growing rate of wire & cable industry is around 15%.Due to significant demand of wire and cables will drive the growth of the industrial rubber market in future. Various applications of rubber in automobile industry for the production of tires, door and window profiles, hoses, belts, matting, and flooring are contributing in the growth of industrial rubber market. According to the article published in 2017 by Indian independent and professional investment information and credit rating agency (ICRA), there is increased in sales in the automobile sector. It’s estimated that auto component industry is expected to grow 11% in the upcoming year. Growth of auto component industry will directly effect to the growth of industrial rubber.
- The global industrial rubber market is segmented based on type, application, and geographical segments.
- Based on type, the global industrial rubber market is segmented into synthetic rubber and natural rubber.
- On the basis of application, the global industrial rubber market segmented into automotive, building & construction, industrial manufacturing, polymer modification, wire & cable, electrical & electronics, bitumen modification, and others.
- Based on geography, the global industrial rubber market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil .among others.
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