Cellular Rubber Market - Forecast (2022 - 2027)

The cellular Rubber Market size is forecast to reach $XX billion by 2027, after growing at a CAGR of 6.3% during 2022-2027. The rubber, electronics and automobile industries are the main drivers for the cellular rubber industry. In end-use industries such as the automotive industry, cellular rubber is particularly used to produce door seals and tubing, body and frame parts, weather-stripping, among others. Cellular rubber is used, among other things, in the space industry for sealing, shock absorption and confinement. Cellular rubber offers various advantages, such as weather resistance, limited absorption of water, high tear strength, resistance to oil, resistance to chemicals and acid, and is suitable for self-adhesive products.

Cellular Rubber Market Report Coverage

The “Cellular Rubber Market report - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Cellular Rubber Industry.

• By Product: Carboxymethyl Cellulose (CMC), Methyl Cellulose (MC), Hydroxyethyl Cellulose (HEC), Hydroxylpropyl Cellulose (HPC), Ethyl Cellulose (EC), and Others.
• By End Use Industry: Aerospace & Defense, Electrical & Electronics, Sound Insulation Products, Automotive, Space Applications and Others.
• By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

• Any of the rubber's physical and technological characteristics include strong insulation properties, outstanding sealing properties, high compressibility, low heat conducting values, low water absorption, NBR/CR mixture, high oil resistance and high flame retardancy quality, ageing resistance and high temperature EPDM mixture.
• Cellular rubber, like elastomer and EPDM, is based on synthetic or natural rubber. The cells are not close and are not bound to each other in the rubber. This cellular rubber property renders it watertight and airtight. Cellular rubber is processed in the form of blocks in a very large operation. The structure of the rubber mixture has different properties and thus the substance is ideal for particular application requirements.
• The global economic trade effect of the COVID-19 pandemic on the automobile sector is expected to be about $5.7 billion for the already struggling automotive industry, with the European Union the worst-hit region with a fall of $ 2.5 billion in the automotive industry due to instability in the automotive supply chain in the wake of decreased supplies from China. Big global automobile manufacturers' automotive players who have halted their development due to the pandemic of Coronavirus (COVID-19) that has disrupted the demand for cellular rubber.

Cellular Rubber Market Segment Analysis - By End Use Industry

The automotive segment is the largest growing segment of the global Cellular Rubber Market, in terms of value and volume in 2019, by growing at a CAGR of 6.8%. Cellular rubber is commonly used in numerous applications in the automotive industry, including gaskets, braces, etc. In the Asia-Pacific region, the growth of the automotive industry is mainly led by an increase in China's automotive production, backed by increasing demand for electric vehicles. In order to satisfy the local markets, many foreign firms are investing in China and India because they will be the largest and fastest-growing markets in the future. In order to respond to the local demand from automobile firms, main cellular rubber and manufacturers are building their production base in the Asia Pacific. In addition, cellular rubber factories are setting up production facilities in the city, while their clients, such as Volkswagen, Mercedes Benz and other multinationals, are increasingly manufacturing local automobiles.

Cellular Rubber Market Segment Analysis - By Geography

APAC dominated the Cellular Rubber Market share with more than 38.5%, followed by North America and Europe. Due to the growing demand from Japan, India, China and South Korea for Cellular Rubber. The strong economic outlook for the Asia Pacific region and the growing production and sales of motor vehicles worldwide can be attributed to this increase in the industry. A variety of small markets such as India, Thailand, Malaysia, and Brazil, are projected to experience substantial growth in the cellular rubber industry. In developing markets such as the US and Japan, the industrial rubber cellular rubber industry will see market gains below the global average, owing to slow growth in the use of durable goods and in automotive output.

Cellular Rubber Market Drivers

Increasing Demand

Silicone cellular rubber is used in environmental seals to secure exterior additions such as HVAC systems, lighting fixtures, and computer cabinets from the intrusion of dust, air, moisture, or illumination. It is also used in electrical components and construction vehicles for vibration isolation. For the transport and fitting of solar components and photovoltaic systems on flat roofs and systems used on open ground, foam blanks made of cellular rubber are used. Cellular rubber is also used in fittings to protect cooling, ventilation systems and sanitary pipes against condensation and heat loss. Cellular rubber is used in spacecraft for cable bushing, seals for engines, light seals and insulation in the cockpit.

Cellular Rubber Market Challenges

Volatility in raw material prices

One of the main obstacles faced by the demand for cellular rubber is volatile raw material costs. The market for cellular rubber is very competitive; its costs represent even minor shifts in the supply and demand balances. Rising competition among oil producers has ensured that producers have been pushed to lower crude oil prices. This decline in crude oil prices has influenced both the refining and upstream oil & gas sectors. This is viewed as a significant threat to the demand for cellular rubber

Cellular Rubber Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Cellular Rubber Market. In 2019, the market of cellular rubber has been consolidated by the top five players accounting for xx% of the share. Major players in the Cellular Rubber Market are Chicago Wilcox Mfg. Co. Inc., Rogers Foam Corp, Stockwell Elastomeric, American Foam Rubber, LP, Foam Rubber LLC, Saint Gobain Performance Plastics, Metro Industries, McMaster-Carr, Monmouth Rubber & Plastic Corp and Ace Hose & Rubber Co., and among others.


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