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Industrial Rubber Market by Type and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4990110
  • Report
  • December 2019
  • Region: Global
  • 203 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Arkema S.A.
  • Braskem S.A.
  • Bridgestone Corporation
  • Celanese Corporation
  • LG Chem Ltd.
  • Sinopec Corporation
The global industrial rubber market was valued at $29.8 billion in 2018 and is projected to reach $44.6 billion by 2026, growing at a CAGR of 5.2% from 2019 to 2026. Industrial rubber are polymers, specifically elastomer which can stretch and shrink. Industrial rubber can be produced from natural sources such as from latex found in trees or rubber and can be synthesized on an industrial scale. Gloves, tires, plugs, and masks are products made from rubber.



The rise in demand for industrial rubber from automotive industry is expected to offer growth to the global industrial rubber market. Asia-Pacific is one of the growing markets where rubber is utilized at a large scale. However, hazards related with rubber manufacturing and expensive cost is expected to hamper the market growth. Nevertheless, the global industrial market is yet to explore its full potential. Innovation and development in rubber industry such as manufacturing of eco-friendly rubber is expected to offer growth opportunity to the market.

The global industrial rubber market is segmented into type and end-use industry. On the basis of type, the market is bifurcated into natural and synthetic rubber. By end-use industry, the market is classified into automotive, construction, manufacturing, electrical & electronics, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players involved in the global industrial rubber market are Sinopec Corporation, LG Chem Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., Bridgestone Corporation, Lotte Chemical Corporation, Arkema S.A., Braskem S.A., Celanese Corporation, and United Rubber Industries India private Limited.

KEY BENEFITS FOR STAKEHOLDERS
  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current trends and future scenario of the industrial rubber market size from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and industrial rubber market opportunities and their detailed impact analysis are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the report.

KEY MARKET SEGMENTS

By Material Type
  • Natural Rubber
  • Synthetic Rubber

By End use Industry
  • Automotive
  • Construction
  • Manufacturing
  • Electrical & Electronics
  • Others

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Argentina
  • Saudi Arabia
  • Rest of LAMEA
Frequently Asked Questions about the Global Industrial Rubber Market

What is the estimated value of the Global Industrial Rubber Market?

The Global Industrial Rubber Market was estimated to be valued at $29.8 billion in 2018.

What is the growth rate of the Global Industrial Rubber Market?

The growth rate of the Global Industrial Rubber Market is 5.2%, with an estimated value of $44.6 billion by 2026.

What is the forecasted size of the Global Industrial Rubber Market?

The Global Industrial Rubber Market is estimated to be worth $44.6 billion by 2026.

Who are the key companies in the Global Industrial Rubber Market?

Key companies in the Global Industrial Rubber Market include Sinopec Corporation, LG Chem Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co. Ltd., Bridgestone Corporation, Lotte Chemical Corporation, Arkema S.A., Braskem S.A. and United Rubber Industries India p.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arkema S.A.
  • Braskem S.A.
  • Bridgestone Corporation
  • Celanese Corporation
  • LG Chem Ltd.
  • Sinopec Corporation

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Investment Pockets
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping Industrial Rubber Market
3.2.1. High Bargaining Power of Suppliers
3.2.2. Moderate Bargaining Power of Buyer
3.2.3. High Threat of Substitutes
3.2.4. Highly Competitive Rivalry
3.2.5. High Threat of New Entrants
3.3. Impact of Government Regulations On The Global Industrial Rubber Market
3.4. Patent Analysis
3.4.1. By Region (2012–2017)
3.5. Case Studies
3.5.1. Case Study 01
3.6. Market Dynamics
3.6.1. Drivers
3.6.1.1. Increase In Demand For Industrial Rubber From The Automotive Industry
3.6.1.2. Growth In Construction Activities
3.6.2. Restraints
3.6.2.1. High Cost of Raw Materials Used For Rubber Manufacturing
3.6.3. Opportunities
3.6.3.1. Advancements In Technologies
Chapter 4: Industrial Rubber Market, By Type
4.1. Overview
4.2. Natural Rubber
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country
4.3. Synthetic Industrial Rubber
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis, By Country
Chapter 5: Industrial Rubber Market, By End-Use Industry
5.1. Overview
5.2. Automotive
5.2.1. Market Size And Forecast, By Region
5.2.2. Market Analysis, By Country
5.3. Construction
5.3.1. Market Size And Forecast, By Region
5.3.2. Market Analysis, By Country
5.4. Manufacturing
5.4.1. Market Size And Forecast, By Region
5.4.2. Market Analysis, By Country
5.5. Electrical & Electronics
5.5.1. Market Size And Forecast, By Region
5.5.2. Market Analysis, By Country
5.6. Others
5.6.1. Market Size And Forecast, By Region
5.6.2. Market Analysis, By Country
Chapter 6: Industrial Rubber Market, By Region
6.1. Overview
6.2. North America
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Type
6.2.3. Market Size And Forecast, By End-Use Industry
6.2.4. Market Analysis, By Country
6.2.4.1. U.S.
6.2.4.1.1. Market Size And Forecast, By Type
6.2.4.1.2. Market Size And Forecast, By End-Use Industry
6.2.4.2. Canada
6.2.4.2.1. Market Size And Forecast, By Type
6.2.4.2.2. Market Size And Forecast, By End-Use Industry
6.2.4.3. Mexico
6.2.4.3.1. Market Size And Forecast, By Type
6.2.4.3.2. Market Size And Forecast, By End-Use Industry
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Type
6.3.3. Market Size And Forecast, By End-Use Industry
6.3.4. Market Analysis, By Country
6.3.4.1. Germany
6.3.4.1.1. Market Size And Forecast, By Type
6.3.4.1.2. Market Size And Forecast, By End-Use Industry
6.3.4.2. France
6.3.4.2.1. Market Size And Forecast, By Type
6.3.4.2.2. Market Size And Forecast, By End-Use Industry
6.3.4.3. Spain
6.3.4.3.1. Market Size And Forecast, By Type
6.3.4.3.2. Market Size And Forecast, By End-Use Industry
6.3.4.4. Italy
6.3.4.4.1. Market Size And Forecast, By Type
6.3.4.4.2. Market Size And Forecast, By End-Use Industry
6.3.4.5. Rest of Europe
6.3.4.5.1. Market Size And Forecast, By Type
6.3.4.5.2. Market Size And Forecast, By End-Use Industry
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Type
6.4.3. Market Size And Forecast, By End-Use Industry
6.4.4. Market Analysis, By Country
6.4.4.1. China
6.4.4.1.1. Market Size And Forecast, By Type
6.4.4.1.2. Market Size And Forecast, By End-Use Industry
6.4.4.2. India
6.4.4.2.1. Market Size And Forecast, By Type
6.4.4.2.2. Market Size And Forecast, By End-Use Industry
6.4.4.3. Japan
6.4.4.3.1. Market Size And Forecast, By Type
6.4.4.3.2. Market Size And Forecast, By End-Use Industry
6.4.4.4. South Korea
6.4.4.4.1. Market Size And Forecast, By Type
6.4.4.4.2. Market Size And Forecast, By End-Use Industry
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Market Size And Forecast, By Type
6.4.4.5.2. Market Size And Forecast, By End-Use Industry
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Type
6.5.3. Market Size And Forecast, By End-Use Industry
6.5.4. Market Analysis, By Country
6.5.4.1. Brazil
6.5.4.1.1. Market Size And Forecast, By Type
6.5.4.1.2. Market Size And Forecast, By End-Use Industry
6.5.4.2. Argentina
6.5.4.2.1. Market Size And Forecast, By Type
6.5.4.2.2. Market Size And Forecast, By End-Use Industry
6.5.4.3. Saudi Arabia
6.5.4.3.1. Market Size And Forecast, By Type
6.5.4.3.2. Market Size And Forecast, By End-Use Industry
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Market Size And Forecast, By Type
6.5.4.4.2. Market Size And Forecast, By End-Use Industry
Chapter 7: Competitive Landscape
7.1. Introduction
7.1.1. Market Player Positioning, 2018
7.2. Product Mapping of Top 10 Players
7.3. Competitive Heatmap
Chapter 8: Company Profiles:
8.1. Sinopec Corporation
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.2. Lg Chem Ltd.
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Product Portfolio
8.2.5. Business Performance
8.3. The Goodyear Tire & Rubber Company
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Product Portfolio
8.3.4. Business Performance
8.4. Toyo Tire & Rubber Co., Ltd.
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.5. Bridgestone Corporation
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Product Portfolio
8.5.5. Business Performance
8.6. Lotte Chemical Corporation
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Product Portfolio
8.6.5. Business Performance
8.7. Arkema S.A.
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Product Portfolio
8.7.5. Business Performance
8.8. Braskem S.A.
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Product Portfolio
8.8.5. Business Performance
8.9. Celanese Corporation
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.9.5. Business Performance
8.10. United Rubber Industries India Private Limited
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Product Portfolio
8.11. Other Players
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arkema S.A.
  • Braskem S.A.
  • Bridgestone Corporation
  • Celanese Corporation
  • LG Chem Ltd.
  • Sinopec Corporation
According to the report titled, 'Industrial rubber Market by Material Type, Application, and End-user: Global Opportunity Analysis and Industry Forecast, 2019-2026', the market was valued at $29.8 billion in 2018 and is projected to reach $44.6 billion by 2026, growing at a CAGR of 5.2% from 2019 to 2026. Factors driving the growth of the market include rise in vehicle sales and infrastructure investments in the Asia-Pacific region.

Industrial rubber market is an elastomer, made synthetically or naturally from the latex of a tropical plant. It is of two types that is natural and synthetic rubber. The synthetic segment was the highest contributor to the market and is estimated to grow with a CAGR of 5.7% during the forecast period. Natural rubber is the elastic material derived from the latex sap of trees. Natural rubber undergoes the process of vulcanization to convert into finished product. The natural rubber market is estimated to grow with a CAGR of 4.4% during the forecast period.

The industrial rubber market is expected to grow significantly due to the advancements in rubber and rubber products. As of now, leading tire OEMs are using nanotechnology and other technology or software to manufacture tubeless tires. For instance, Bridgestone Tires, one of the leading tire and rubber company, utilizes Contact Area Information Sensing (CAIS) that senses the road conditions by collecting and analyzing the tire contact area. All these factors are expected to unfold various opportunities for the growth of the market.

By end-use industry, the market is divided into automotive, construction, manufacturing, electrical & electronics, and others. The automotive segment was the highest contributor and is estimated to grow at a CAGR of 6.0% during the forecast period. The automotive and manufacturing segments collectively accounted for about 62.9% share in 2018, with the former constituting around 35.2% share.

Rubber is present in antivibration, fluid transfer systems, adhesives & coatings, body sealing systems, molded parts, flat seals, foam and converting products, transmission systems, sealants, O-Rings, spare parts among others. The demand for rubber is expected to an increase owing to the growth of the automotive and manufacturing industry. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

The key players involved in the global industrial rubber market are Sinopec Corporation, LG Chem Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., Bridgestone Corporation, Lotte Chemical Corporation, Arkema S.A., Braskem S.A., Celanese Corporation, and United Rubber Industries India private Limited. Among these Sinopec Corporation, LG Chem Ltd., the Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., and Bridgestone Corporation are the key players of the industrial rubber market. The market dominance of these companies is characterized by their vast product portfolio of industrial rubber, and high investment in R&D activities for industrial rubber, revenue, capital expenditure, employee strength, and geographical presence of companies.

Key findings of the study:

In terms of revenue, Asia-Pacific market is predicted to hold a share of over 34% in 2018.
The synthetic rubber segment is expected to hold a dominant share in the industrial rubber market size, over the projected period.
The automotive segment is projected to grow with a CAGR of 7.2% by 2026.
The qualitative data in the report aims on the industrial rubber market trends, dynamics, and developments in the industrial rubber industry while the quantitative data provides information about the industrial rubber market share in terms of revenue and volume.
Note: Product cover images may vary from those shown
  • Sinopec Corporation
  • LG Chem Ltd.
  • The Goodyear Tire & Rubber Company
  • Toyo Tire & Rubber Co. Ltd.
  • Bridgestone Corporation
  • Lotte Chemical Corporation
  • Arkema S.A.
  • Braskem S.A.
  • Celanese Corporation
  • United Rubber Industries India p
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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