The industrial rubber market includes raw material suppliers, manufacturers, and distributors. 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.
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Download Study Papers of Industrial Rubber Market spread across 150 Pages, Profiling 15 Companies and Supported with 131 Tables and 36 Figures is now available at www.rnrmarketresearch.com/contacts…ple?rname=1412897 .
The industrial rubber market was valued at USD 25.68 Billion in 2016 and is projected to grow at a CAGR of 4.6% to reach USD 33.82 Billion during the forecast period. Factors driving the global industrial rubber market are the growing demand for automotive and its components, and significant investments made in infrastructural development in the Asia Pacific region.
Key Target Audience
- Manufacturers, Dealers, and Suppliers of Industrial Rubber
- Government Bodies
- End Users
- Feedstock Suppliers
- Industrial Associations
- Investment Banks
- Consulting Companies/Consultants in the Chemicals & Materials Sector
Study aims to estimate size of industrial rubber market for 2017 & projects demand for industrial rubber till 2022.
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It also provides a detailed qualitative and quantitative analysis of industrial rubber market. Various secondary sources that include directories, industry journals, & various associations, like International Natural Rubber Organization (INRO) & International Rubber Association (IRA) have been considered to identify & collect information useful for this extensive commercial study of industrial rubber market.
More Information on Industrial Rubber Market with Company Profiles at www.rnrmarketresearch.com/contacts/1412897 .
Use of industrial rubber market in automotive, building & construction, and other applications is expected to increase in Asia Pacific region, followed by South America and the Middle East & Africa regions over next 5 years. This growth in use of industrial rubber can be attributed to increasing population & growing disposable income in these regions.
Based on type, synthetic rubber segment is expected to grow at highest CAGR between 2017 and 2022, in terms of value.
Industrial Rubber Market, By Application:
- Building & Construction
- Industrial Manufacturing
- Polymer Modification
- Wire & Cable
- Electrical & Electronics
- Bitumen Modification
- Coating, Sealant, & Adhesive
- Medical & Healthcare
Industrial Rubber Market, By Product
- Mechanical Rubber Good
- Rubber Hose
- Rubber Belt
- Rubber Roofing
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.
“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” report at www.rnrmarketresearch.com/contacts/?rname=1412897
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.
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.
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