The global industrial rubber market size reached US$ 28.7 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 36.0 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.
Industrial rubber is widely available in the form of sheets, molds, and pieces for making belts, roofs, hoses and mechanical products. It offers several advantages, such as conductivity, friction, permeation, strength, longevity, and water and heat resistance. As a result, it is used in manufacturing tires for automotive vehicles, aircraft, and bicycles due to the elasticity, resilience, and toughness of industrial rubber. Industrial rubber also finds application in the production of machinery and equipment around the world.
Industrial rubber is widely available in the form of sheets, molds, and pieces for making belts, roofs, hoses and mechanical products. It offers several advantages, such as conductivity, friction, permeation, strength, longevity, and water and heat resistance. As a result, it is used in manufacturing tires for automotive vehicles, aircraft, and bicycles due to the elasticity, resilience, and toughness of industrial rubber. Industrial rubber also finds application in the production of machinery and equipment around the world.
Industrial Rubber Market Trends:
There is currently an increase in the demand for industrial rubber in the manufacturing of joints, seals and gaskets due to its high durability and corrosion-resistance. This, coupled with the expanding construction industry across the globe, is propelling the growth of the market. In addition, governments of several countries, especially in developing countries, are extensively investing in the development of airports, metros, highways, and other smart city projects, which is positively influencing the market. Besides this, the increasing utilization of industrial rubber as adhesive for lamination, shoe, carpentry, and ceramic and plastic tile attachment is offering lucrative growth opportunities to industry investors. Furthermore, the rising employment of industrial rubber in the conveyor belt to transport products in a straight line or through changes in elevation is bolstering the growth of the market. Apart from this, there is an increase in the sales of electric vehicles (EVs) on account of the growing environmental concerns among individuals and the imposition of stringent emission regulations by regulatory authorities. This, along with considerably investment in research and development (R&D) activities to develop compounding rubber for manufacturing novel products, is projected to catalyzing the demand for industrial rubber.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global industrial rubber market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product and end use industry.Breakup by Type:
- Natural Rubber
- Synthetic Rubber
Breakup by Product:
- Mechanical Rubber Goods
- Rubber Hose
- Rubber Belt
- Rubber Roofing
- Others
Breakup by End Use Industry:
- Automotive
- Construction
- Manufacturing
- Electrical and Electronics
- Others
Breakup by Region:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, Braskem, Bridgestone Corporation, Denka Company Limited, Lanxess AG, LG Chem Ltd., The Goodyear Tire and Rubber Company, Trinseo PLC, TSRC Corporation, UBE Corporation, Yokohama Rubber Co. Ltd. and Zeon Corporation.Key Questions Answered in This Report:
- What was the size of the global industrial rubber market in 2022?
- What is the expected growth rate of the global industrial rubber market during 2023-2028?
- What are the key factors driving the global industrial rubber market?
- What has been the impact of COVID-19 on the global industrial rubber market?
- What is the breakup of the global industrial rubber market based on the type?
- What is the breakup of the global industrial rubber market based on the product?
- What is the breakup of the global industrial rubber market based on the end use industry?
- What are the key regions in the global industrial rubber market?
- Who are the key players/companies in the global industrial rubber market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Industrial Rubber Market
6 Market Breakup by Type
7 Market Breakup by Product
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Asahi Kasei Corporation
- Braskem
- Bridgestone Corporation
- Denka Company Limited
- Lanxess AG
- LG Chem Ltd.
- The Goodyear Tire and Rubber Company
- Trinseo PLC
- TSRC Corporation
- UBE Corporation
- Yokohama Rubber Co. Ltd. and Zeon Corporation
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 28.7 Billion |
Forecasted Market Value ( USD | $ 36 Billion |
Compound Annual Growth Rate | 3.8% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |