Published on : Apr 03, 2018
Albany, New York, April 3, 2018: The global demand for rubber products has been increased significantly across various end-use industries. A recent study has revealed that growing demand from the automotive industry and its rise in the application of rubber products in the end use industry are the key drivers of the industrial rubber product market. Market Research Hub (MRH) has recently broadcasted a study titled “Industrial Rubber Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025” to its report offerings, which offers useful information and evaluations linked to the current and future market status prospects of industrial rubber products.
This 215-page study offers analysis on market size and forecast which is based on revenue (US$ Mn) & Volume (Kilo Tons) from 2017 to 2025. As per the research assessment, expanding at a CAGR of 5.5%, global industrial rubber products market estimated to reach us$ 151 bn by 2025.
Research Enclosure and Key Insights
To elaborate further on this rapidly growing market, the report encompasses a detailed value chain analysis, which provides a comprehensive view of the global Industrial Rubber Products market. This intelligent study also covers the geographical segmentation which analyzes the scope of the market in different regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Moreover, the report provides qualitative and quantitative analysis of the market, in which market dynamics, trends, product summary, and country-level information are covered.
As the name suggests, rubber products that are used in various industries, known as industry rubber products. Presently, industrial rubber products embrace the plethora of rubber products such as rubber roofing, automobile tires, conveyor belts, inflatable rafts, hose, and many other rubber related products.
For a clear understanding of the market, the study broadly categorized on the basis of rubber type, product, process, and end user. On the basis of rubber type, industrial rubber products market can be categorized as Ethylene-propylene, Natural rubber, Styrene Butadiene Rubber, Polybutadiene, Nitrile Butadiene Rubber and others. The manufacturing process segment covers molded product manufacturing, extruded/calendared product manufacturing, fabricated product manufacturing, latex based product manufacturing and others. Some of the key findings based on segmentation include-
• The natural rubber holds the major share in industrial rubber products market.
• Among various end-user, increasing demand from automotive, construction, and manufacturing industries are higher.
• Mechanical rubber products are expected to remain the key product segment in the global market.
• Regionally, Asia Pacific held a major share of the global industrial rubber products market in 2016. It is further anticipated to remain leader until the end of 2025.
At present, some of the key players operating in the industrial rubber products market include TOYODA GOSEI Co., Continental AG, HUTCHINSON, Airbus Rubber Compounding, Bridgestone Corporation, Cooper Standard Inc., Freudenberg Group, Eaton, The Goodyear Tire & Rubber Company, HEXPOL AB, Parker Hannifin Corp, Sumitomo Riko Company Limited, Myers Industries, Inc., The Yokohama Rubber Co., Ltd.
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