Industrial Rubber Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Industrial Rubber Market Research Report- Forecast to 2023 Rubber is a hydrocarbon polymer that is elastic and water-resistant in nature. It comes off as a milky latex in the sap of numerous plants and can be even manufactured in a synthetic manner. Some of the properties of rubber that make it highly preferable for different applications are resistance to tear, hardness, elongation, compression set, resistance to abrasion, tensile modulus & strength, and others. Rubber comprises thousands of loosely joined molecules to make long and tangled chains. The global industrial rubber market is expected to attain a striking CAGR during the forecast period between 2018 – The proliferating demand for rubber in the automotive industry is expected to proliferate the industrial rubber market. A majority of the industrial rubber is utilized or consumed by the tire manufacturing industry and is subsequently used in the military vehicles, trucks, buses, automobiles, tractors, others. The growing urbanization in the Asia-Pacific region is projected to drive the market growth for industrial rubber in the building & construction sector. Aside from its application in the tire manufacturing industry, an expected penetration of rubber in non-rubber products is also believed to substantially expand the market during the forecast period, particularly in the automotive industry. Mechanical automotive rubber parts like hoses, vibration control devices, gaskets, seals, and wiper blades are few of the rubber products with revenue generating capacity for the market. In addition to all these, an emerging vehicle parc, particularly in developing countries, has witnessed subsequent growth in the automotive aftermarket, thereby further ameliorating the demand for industrial rubber products. View Full Press Industrial Rubber Market - Overview

Industrial Rubber Market Research Report- Forecast to 2023 The Global Industrial Rubber Market is segmented by Type, Product, Product Processing, End-Use Industry and Region. Industrial Rubber occurs naturally or can be commercially synthesized. Natural rubber is obtained from tree Hevea brasiliensis, the polymer content of which depends on a variety of factors such as weather, soil type, geographical area, and others. Various grades of natural rubber are a ribbed smoked sheet, air-dried sheet, and pale crepe rubber. However, synthetic rubber can be formed using crude oil by-products through emulsion polymerization techniques. Also, they contain lesser impurities, and their properties can be adjusted accordingly. Thus, the synthetic type industrial rubber is the leading segment. The Global Industrial Rubber Market is segmented on the basis of the product into tires, seals, shock-absorbing parts, conveyor belts, hoses, roofing, adhesives & sealants, sports equipment, and others. Among these, the tires segment is leading the Global Industrial Rubber Market owing to the increasing sale of automotive, especially in the emerging economies. The products formed by the rubber are processed using the various processes such as extrusion, roller dies calendering, coating, molding & casting. Among these, the roller die is the leading segment as it offers the better quality product as compared to the extrusion and calendering process. The End-User Industry Segment includes automotive, building & construction, industrial manufacturing, electrical & electronics, and others. The high demand for rubber tires from the automotive industry is the major driver of the market growth. Also, the shifting focus towards the manufacturing of tires with increased fuel economy is expected to propel the demand for eco-friendly automotive. Following automotive, the building & construction segment accounts for the second largest market share and is projected to fuel the market growth due to the fast-paced urbanization in the emerging countries. Segmental Analysis

Industrial Rubber Market Research Report- Forecast to 2023 Regional Outlook The Global Industrial Rubber Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific accounted for the largest market share in 2016 on account of the high demand for industrial rubber from major end-use industries such as automotive, construction, and electronics. North America accounted for the second largest market in 2016 on account of high demand for industrial rubber from the reviving construction, and automotive industries. Europe is expected to grow considerably due to high production and sales of automotive parts and the high investment in healthcare. Latin America and the Middle East & Africa are projected to witness significant growth owing to the growing automotive and infrastructure industry in respective regions.

Industrial Rubber Market Research Report- Forecast to 2023 Major Players in this Research Industrial Rubber Market Prominent Players: LANXESS (Germany) Bridgestone Corporation (Japan) LG Chem (South Korea) Sinopec (China) The Goodyear Tire & Rubber Company (U.S.) KUMHO PETROCHEMICAL (South Korea) TSRC (Taiwan) JSR Corporation (Japan) Versalis S.p.A. (Italy) PJSC "Nizhnekamskneftekhim" (Russia) ZEON CORPORATION (Japan) Get Free Sample

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