Industrial Rubber Market by Application (Automotive, Building & Construction, Industrial Manufacturing, Polymer Modification, Wire & Cable, Electrical & Electronics, Bitumen Modification), Type, Product, and Region - Global Forecast to 2022

  • ID: 4481352
  • Report
  • Region: Global
  • 152 Pages
  • Markets and Markets
1 of 4
Industrial Rubber Market Projected to Grow from USD 26.99 Billion in 2017 to USD 33.82 Billion by 2022, at a CAGR of 4.6%

FEATURED COMPANIES

  • Exxonmobil
  • JSR Corporation
  • Lanxess
  • Nizhnekamskneftekhim
  • Sibur
  • Tosoh Corporation
  • MORE

"The industrial rubber market is projected to grow at a CAGR of 4.6% from 2017 to 2022."

The industrial rubber market is projected to grow from USD 26.99 billion in 2017 to USD 33.82 billion by 2022, at a CAGR of 4.6% between 2017 and 2022. The application segment of the industrial rubber market includes automotive, building & construction, industrial manufacturing, polymer modification, wire & cable, electrical & electronics, bitumen modification, coating, sealant & adhesive, and medical & healthcare. The growth of the industrial rubber market can be attributed to the robust economic outlook for the Asia Pacific, and the increasing motor vehicle production and sales across the globe.

The industrial rubber market is expected to witness significant growth in a number of emerging economies, such as India, Thailand, Malaysia, and Brazil. The industrial rubber market in developed economies, such as the US and Japan will witness market gains below the global average, owing to sluggish growth in durable goods consumption and automotive production. One of the major restraints for the industrial rubber market growth is environmental regulations and health hazards associated with the industrial rubber and its manufacturing. There are a number of regulations for the industrial rubber manufacturing; for example, butadiene was listed as a toxic substance under the Canadian Environmental Protection Act, 1999 (CEPA 1999). Such regulations have restricted the growth of the global industrial rubber market.

"Among applications, the automotive segment is expected to lead the industrial rubber market during the forecast period."

Based on application, the industrial rubber market has been segmented into automotive, building & construction, industrial manufacturing, polymer modification, wire & cable, electrical & electronics, medical & healthcare, bitumen modification, coating, sealant, & adhesive, and others. Automotive is expected to be the largest application segment of the industrial rubber market. In terms of value, the automotive segment is projected to continue its dominance during the forecast period. Industrial rubbers are replacing other materials in several applications, as they have improved performance characteristics such as stiffness and abrasion resistance making them a suitable replacement for metal, glass, and wood parts used in the automotive application.

"Among types, the synthetic rubber segment is expected to lead the industrial rubber market during the forecast period."

Based on type, the industrial rubber market has been segmented into natural rubber and synthetic rubber. The growth of the synthetic rubber segment can be attributed to its wide use in different applications. Synthetic rubber is used in large quantities in the automotive application due to its abrasion-resistant property. Synthetic rubber produced in the latex form is used as a rubbery adhesive in carpet manufacturing. Its other applications include drive couplings, haul-off pads, conveyor belts, adhesives, roll coverings, and various other molded rubber goods.
 
"The Asia Pacific industrial rubber market is projected to grow at the highest CAGR during the forecast period."

The industrial rubber market in the Asia Pacific is expected to grow at the highest CAGR of 5.1%, in terms of value, between 2017 and 2022. The Asia Pacific is expected to lead the industrial rubber market, in terms of both volume and value, in 2017. In terms of value, the Asia Pacific is estimated to account for the largest share of the global industrial rubber market in 2017. The increased demand for industrial rubber from non-tire automotive, building & construction, industrial manufacturing, and other applications in countries such as China and India is driving the industrial rubber market in the Asia Pacific.

Breakdown of Primaries

In the process of determining and verifying the market size gathered through secondary research for different segments and subsegments of the industrial rubber market, extensive primary interviews have been conducted with key industry experts. The break-up of profiles of primary participants has been given below.

Break-Up of Profiles of Primary Participants:

  • By Company Type: Tier 1 - 50%, Tier 2 - 37%, and Tier 3 - 13%
  • By Designation: C Level - 48%, Director Level - 31%, and Others - 21%
  • By Region: North America - 33%, Europe - 28%, Asia Pacific - 21%, South America - 10%, and Middle East & Africa - 8%

LANXESS (Germany), Sinopec (China), Goodyear Tire and Rubber Company (US), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), Nizhnekamskneftekhim (Russia), JSR Corporation (Japan), LG Chem (South Korea), Versalis S.p.A. (Italy), and ZEON Corporation (Japan), among others, are the key players operating in the industrial rubber market.

Research Coverage:

This report offers an overview of the market trends, drivers, restraints, challenges, and opportunities with respect to the industrial rubber market. It also provides a detailed overview of the industrial rubber market across 5 regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The report categorizes the industrial rubber market based on application, type, product, and region. A detailed analysis of the leading players, along with key growth strategies adopted by them has also been covered in this report on the industrial rubber market.

Reasons to Buy the Report:

This report covers the following key aspects:

  • What would be the size of the industrial rubber market by 2022 and what would be its growth rate from 2017 to 2022?
  • What are the key market trends in the industrial rubber market?
  • What are the factors expected to drive the growth of the industrial rubber market?
  • What are the barriers that impact the growth of the industrial rubber market?
  • Who are the key players in the industrial rubber market?
  • The report on the industrial rubber market covers key regions, namely Asia Pacific, North America, Europe, the Middle East & Africa, and South America, including their key countries.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Exxonmobil
  • JSR Corporation
  • Lanxess
  • Nizhnekamskneftekhim
  • Sibur
  • Tosoh Corporation
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in Industrial Rubber Market
    4.2 Asia Pacific Industrial Rubber Market, By Application and Country
    4.3 Industrial Rubber Market, By Application
    4.4 Industrial Rubber Market, By Type
    4.5 Industrial Rubber Market, By Region

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand From the Automotive Industry
                    5.2.1.2 Growing Demand in Asia Pacific
           5.2.2 Restraints
                    5.2.2.1 Environmental Regulations and Health Hazards Associated With Industrial Rubber
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for Eco-Friendly Rubber
           5.2.4 Challenges
                    5.2.4.1 Volatility in Raw Material Prices
                    5.2.4.2 Overcapacity in Asia Pacific
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of Substitutes
           5.3.2 Bargaining Power of Suppliers
           5.3.3 Bargaining Power of Buyers
           5.3.4 Intensity of Competitive Rivalry
           5.3.5 Threat of New Entrants
    5.4 Macroeconomic Indicators
           5.4.1 GDP Growth Rate Forecast of Major Economies
           5.4.2 Automotive Industry Analysis
           5.4.3 Rubber Industry Analysis

6 Industrial Rubber Market, By Type
    6.1 Introduction
    6.2 Natural Rubber
    6.3 Synthetic Rubber

7 Industrial Rubber Market, By Product
    7.1 Introduction
    7.2 Mechanical Rubber Good
    7.3 Rubber Hose
    7.4 Rubber Belt
    7.5 Rubber Roofing
    7.6 Others

8 Industrial Rubber Market, By Application
    8.1 Introduction
    8.2 Automotive
    8.3 Building & Construction
    8.4 Industrial Manufacturing
    8.5 Polymer Modification
    8.6 Wire & Cable
    8.7 Electrical & Electronics
    8.8 Bitumen Modification
    8.9 Coating, Sealant & Adhesive
    8.10 Medical & Healthcare
    8.11 Others

9 Industrial Rubber Market, By Region
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 UK
           9.3.4 Italy
           9.3.5 Russia
           9.3.6 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 South Korea
           9.4.4 India
           9.4.5 Thailand
           9.4.6 Malaysia
           9.4.7 Rest of APAC
    9.5 South America
           9.5.1 Brazil
           9.5.2 Argentina
           9.5.3 Chile
           9.5.4 Rest of South America
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
           9.6.2 UAE
           9.6.3 Qatar
           9.6.4 Kuwait
           9.6.5 South Africa
           9.6.6 Rest of Middle East & Africa

10 Competitive Landscape
     10.1 Overview
     10.2 Market Share Analysis
     10.3 Competitive Scenario
             10.3.1 Expansions
             10.3.2 Joint Ventures
             10.3.3 Acquisitions
             10.3.4 Agreements

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and View)*
     11.1 Lanxess
     11.2 Sinopec
     11.3 The Goodyear Tire and Rubber Company
     11.4 Kumho Petrochemical
     11.5 TSRC Corporation
     11.6 Nizhnekamskneftekhim
     11.7 JSR Corporation
     11.8 LG Chem
     11.9 Versalis S.P.A.
     11.10 Zeon Corporation
     11.11 Other Key Market Players
             11.11.1 Petrochina
             11.11.2 Exxonmobil
             11.11.3 Sibur
             11.11.4 Group Dynasol
             11.11.5 Kraton Corporation
             11.11.6 Synthos
             11.11.7 Trinseo
             11.11.8 Asahi Kasei Advance Corporation
             11.11.9 American Synthetic Rubber Company
             11.11.10 Lion
             11.11.11 Firestone Polymers
             11.11.12 Indian Synthetic Rubber Private Limited
             11.11.13 Rishiroop
             11.11.14 UBE Industries
             11.11.15 Tosoh Corporation

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and View Might Not Be Captured in Case of Unlisted Companies.

List of Tables
Table 1 Trends and Forecasts of GDP Growth Rates, 2016-2022
Table 2 Automotive Production Statistics of Key Countries in 2016
Table 3 Rubber Production/Consumption Ratio in APAC
Table 4 Industrial Rubber Market Size, By Type, 2015-2022 (Kilotons)
Table 5 Industrial Rubber Market Size, By Type, 2015-2022 (USD Million)
Table 6 Natural Rubber: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 7 Natural Rubber: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 8 Synthetic Rubber: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 9 Synthetic Rubber: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 10 Industrial Rubber Market Size, By Product, 2015-2022 (Kilotons)
Table 11 Industrial Rubber Market Size, By Product, 2015-2022 (USD Million)
Table 12 Mechanical Rubber Good: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 13 Mechanical Rubber Good: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 14 Rubber Hose: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 15 Rubber Hose: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 16 Rubber Belt: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 17 Rubber Belt: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 18 Rubber Roofing: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 19 Rubber Roofing: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 20 Others: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 21 Others: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 22 Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 23 Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 24 Automotive: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 25 Automotive: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 26 Building & Construction: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 27 Building & Construction: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 28 Industrial Manufacturing: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 29 Industrial Manufacturing: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 30 Polymer Modification: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 31 Polymer Modification: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 32 Wire & Cable: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 33 Wire & Cable: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 34 Electrical & Electronics: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 35 Electrical & Electronics: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 36 Bitumen Modification: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 37 Bitumen Modification: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 38 Coating, Sealant & Adhesive: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 39 Coating, Sealant & Adhesive: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 40 Medical & Healthcare: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 41 Medical & Healthcare: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 42 Others: Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 43 Others: Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 44 Industrial Rubber Market Size, By Region, 2015-2022 (Kilotons)
Table 45 Industrial Rubber Market Size, By Region, 2015-2022 (USD Million)
Table 46 North America: Industrial Rubber Market Size, By Country, 2015-2022 (Kilotons)
Table 47 North America: Industrial Rubber Market Size, By Country, 2015-2022 (USD Million)
Table 48 North America: Industrial Rubber Market Size, By Type, 2015-2022 (Kilotons)
Table 49 North America: Industrial Rubber Market Size, By Type, 2015-2022 (USD Million)
Table 50 North America: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 51 North America: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 52 US: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 53 US: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 54 Canada: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 55 Canada: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 56 Mexico: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 57 Mexico: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 58 Europe: Industrial Rubber Market Size, By Country, 2015-2022 (Kilotons)
Table 59 Europe: Industrial Rubber Market Size, By Country, 2015-2022 (USD Million)
Table 60 Europe: Industrial Rubber Market Size, By Type, 2015-2022 (Kilotons)
Table 61 Europe: Industrial Rubber Market Size, By Type, 2015-2022 (USD Million)
Table 62 Europe: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 63 Europe: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 64 Germany: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 65 Germany: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 66 France: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 67 France: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 68 UK: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 69 UK: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 70 Italy: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 71 Italy: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 72 Russia: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 73 Russia: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 74 Rest of Europe: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 75 Rest of Europe: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 76 APAC: Industrial Rubber Market Size, By Country, 2015-2022 (Kilotons)
Table 77 APAC: Industrial Rubber Market Size, By Country, 2015-2022 (USD Million)
Table 78 APAC: Industrial Rubber Market Size, By Type, 2015-2022 (Kilotons)
Table 79 APAC: Industrial Rubber Market Size, By Type, 2015-2022 (USD Million)
Table 80 APAC: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 81 APAC: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 82 China: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 83 China: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 84 Japan: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 85 Japan: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 86 South Korea: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 87 South Korea: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 88 India: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 89 India: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 90 Thailand: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 91 Thailand: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 92 Malaysia: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 93 Malaysia: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 94 Rest of APAC: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 95 Rest of APAC: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 96 South America: Industrial Rubber Market Size, By Country, 2015-2022 (Kilotons)
Table 97 South America: Industrial Rubber Market Size, By Country, 2015-2022 (USD Million)
Table 98 South America: Industrial Rubber Market Size, By Type, 2015-2022 (Kilotons)
Table 99 South America: Industrial Rubber Market Size, By Type, 2015-2022 (USD Million)
Table 100 South America: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 101 South America: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 102 Brazil: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 103 Brazil: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 104 Argentina: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 105 Argentina: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 106 Chile: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 107 Chile: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 108 Rest of South America: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 109 Rest of South America: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 110 Middle East & Africa: Industrial Rubber Market Size, By Country, 2015-2022 (Kilotons)
Table 111 Middle East & Africa: Industrial Rubber Market Size, By Country, 2015-2022 (USD Million)
Table 112 Middle East & Africa: Industrial Rubber Market Size, By Type, 2015-2022 (Kilotons)
Table 113 Middle East & Africa: Industrial Rubber Market Size, By Type, 2015-2022 (USD Million)
Table 114 Middle East & Africa: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 115 Middle East & Africa: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 116 Saudi Arabia: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 117 Saudi Arabia: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 118 UAE: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 119 UAE: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 120 Qatar: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 121 Qatar: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 122 Kuwait: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 123 Kuwait: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 124 South Africa: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 125 South Africa: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 126 Rest of Middle East & Africa: Industrial Rubber Market Size, By Application, 2015-2022 (Kilotons)
Table 127 Rest of Middle East & Africa: Industrial Rubber Market Size, By Application, 2015-2022 (USD Million)
Table 128 Expansions, 2011-2017
Table 129 Joint Ventures, 2011-2017
Table 130 Acquisitions, 2011-2017
Table 131 Agreements, 2011-2017

List of Figures
Figure 1 Industrial Rubber Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Industrial Rubber Market: Data Triangulation
Figure 5 Synthetic Rubber Type Segment is Expected to Lead the Industrial Rubber Market Between 2017 and 2022
Figure 6 Automotive Application Segment is Expected to Lead the Industrial Rubber Market Between 2017 and 2022
Figure 7 Asia Pacific Industrial Rubber Market is Expected to Witness Significant Growth During the Forecast Period
Figure 8 Demand From Automotive Industry is Expected to Drive the Industrial Rubber Market
Figure 9 China Led the Asia Pacific Industrial Rubber Market in 2016
Figure 10 Automotive Segment is Expected to Lead the Industrial Rubber Market Between 2017 and 2022
Figure 11 Synthetic Rubber Segment is Expected to Lead the Industrial Rubber Market Between 2017 and 2022
Figure 12 Asia Pacific Industrial Rubber Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Overview of Factors Governing the Industrial Rubbers Market
Figure 14 Porter’s Five Forces Analysis
Figure 15 Top 10 Automobile Manufacturing Countries in 2015
Figure 16 Synthetic Rubber Type Segment Accounted for A Larger Share of the Industrial Rubber Market in 2016
Figure 17 Mechanical Rubber Good Product Segment Accounted for the Largest Share of the Industrial Rubber Market in 2016
Figure 18 Automotive Application Segment Accounted for the Largest Share of the Industrial Rubber Market in 2016
Figure 19 Industrial Rubber Market Regional Snapshot
Figure 20 North America Industrial Rubber Market Snapshot
Figure 21 Europe Industrial Rubber Market Snapshot
Figure 22 Asia Pacific Industrial Rubber Market Snapshot
Figure 23 South America Industrial Rubber Market Snapshot
Figure 24 Middle East & Africa Industrial Rubber Market Snapshot
Figure 25 Joint Venture is the Key Strategy Adopted By the Leading Market Players Between 2011 and 2017
Figure 26 Market Share of Key Players, 2016
Figure 27 Lanxess: Company Snapshot
Figure 28 Sinopec: Company Snapshot
Figure 29 The Goodyear Tire and Rubber Company: Company Snapshot
Figure 30 Kumho Petrochemical: Company Snapshot
Figure 31 TSRC Corporation: Company Snapshot
Figure 32 Nizhnekamskneftekhim: Company Snapshot
Figure 33 JSR Corporation: Company Snapshot
Figure 34 LG Chem: Company Snapshot
Figure 35 Versalis S.P.A.: Company Snapshot
Figure 36 Zeon Corporation: Company Snapshot

Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4

FEATURED COMPANIES

  • Exxonmobil
  • JSR Corporation
  • Lanxess
  • Nizhnekamskneftekhim
  • Sibur
  • Tosoh Corporation
  • MORE

The industrial rubber market is witnessing growth due to its expanding application area, technological advancements in the industry, and its growing demand in the Asia Pacific. Industrial rubbers are some of the most versatile materials used in almost every industry. Industrial rubber is increasingly being used in the automotive, building & construction, industrial manufacturing, polymer modification, wire & cable, electrical & electronics, bitumen modification, coating, sealant, & adhesive, medical & healthcare, and other applications.

The global demand for industrial rubber is projected to witness moderate growth of 4.6% between 2017 and 2022. The industrial rubber market is estimated to be USD 26.99 Billion in 2017 and is expected to reach USD 33.82 Billion by 2022. This growth of the market can be attributed to the robust economic outlook for the Asia Pacific, and the increasing motor vehicle production and sales across the globe. The industrial rubber market is expected to witness significant growth in a number of emerging economies, such as India, Thailand, Malaysia, and Brazil. The industrial rubber market in developed economies, such as the US and Japan will witness market gains below the global average, owing to sluggish growth in durable goods consumption and automotive production.

Based on product, the mechanical rubber good segment is expected to lead the industrial rubber market during the forecast period. This segment will witness steady growth due to the global output of motor vehicles and industrial machinery equipment.

The use of industrial rubber in the automotive, building & construction, and other applications is expected to increase in the Asia Pacific region, followed by South America and the Middle East & Africa regions over the next 5 years. This growth in the use of the industrial rubber can be attributed to the increasing population and the growing disposable income in these regions. Based on type, the synthetic rubber segment is expected to grow at the highest CAGR between 2017 and 2022, in terms of value.

Industrial Rubber Market

APAC is estimated to be the largest industrial rubber market in 2017. High industrial production capacities in China and increasing investments in the automotive industry of India, Thailand, and Indonesia are expected to fuel the growth of the industrial rubber market in APAC. Europe ranked second in the consumption of industrial rubber in 2016; this trend is expected to continue, owing to the recovering economies of the region. The automotive industry contributes a major share to the GDP of several European countries. Therefore, the growing automotive industry, owing to the rising demand for vehicles globally, is driving the industrial rubber market in Europe.

The growth of the automotive industry is one of the key factors driving the industrial rubber market. Moreover, the growing building & construction industry in the Asia Pacific is also propelling the demand for industrial rubber. Overcapacity of industrial rubber in the Asia Pacific is one of the major challenges faced by the industrial rubber industry. This is mainly related to over investments in the production of industrial rubber in China in the past few years.

Leading players in the industrial rubber market include LANXESS (Germany), Sinopec (China), Goodyear Tire and Rubber Company (US), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), Nizhnekamskneftekhim (Russia), JSR Corporation (Japan), LG Chem (South Korea), Versalis S.p.A. (Italy), and ZEON Corporation (Japan). These market players are adopting strategies such as expansions, new product developments, and joint ventures to expand their global presence.

Note: Product cover images may vary from those shown
5 of 4
  • American Synthetic Rubber Company
  • Asahi Kasei Advance Corporation
  • Exxonmobil
  • Firestone Polymers
  • Group Dynasol
  • Indian Synthetic Rubber Private Limited
  • JSR Corporation
  • Kraton Corporation
  • Kumho Petrochemical
  • LG Chem
  • Lanxess
  • Lion
  • Nizhnekamskneftekhim
  • Petrochina
  • Rishiroop
  • Sibur
  • Sinopec
  • Synthos
  • TSRC Corporation
  • The Goodyear Tire and Rubber Company
  • Tosoh Corporation
  • Trinseo
  • UBE Industries
  • Versalis S.P.A.
  • Zeon Corporation
Note: Product cover images may vary from those shown
6 of 4
Note: Product cover images may vary from those shown
Adroll
adroll