The Industrial Rubber Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company's Industrial Rubber Global Market Report for 2024, the industrial rubber market has exhibited robust growth in recent years, surging from $42.01 billion in 2024 to an anticipated $44.86 billion in 2024, reflecting a noteworthy compound annual growth rate (CAGR) of 6.8%. This upswing in the historical period can be attributed to pivotal factors such as industrialization, the burgeoning automotive sector, a construction boom, and notable advancements in material science to meet safety and performance requisites.

Projections indicate that the industrial rubber market is poised for formidable expansion in the ensuing years, foreseeably reaching $58.05 billion by 2028, with a CAGR of 6.7%. This anticipated growth in the forecast period is attributable to dynamic factors, including customization and innovation, supply chain optimization, the integration of industry 4.0, and advancements in material science, particularly in the healthcare and medical sector.

During this forecast period, key trends are anticipated to shape the industrial rubber market landscape, including a heightened emphasis on regulatory compliance, strategic collaborations, product innovations, and the integration of advanced material technologies.

The growth in the automotive industry is expected to propel the industrial rubber market going forward. The automotive industry comprises industries involved in manufacturing, wholesale, retailing, and repairing automobiles. The improving level of living and expanding economy have altered purchasing power. Furthermore, the economic impact of COVID-19 has resulted in a dramatic spike in demand for personal mobility worldwide. Moreover, climate change and the desire to attain net-zero emissions are drive the global shift to emission-free transportation. These adoptions have increased production of EVs and hybrid vehicles. Such a surge in automotive demand has led to increased production and demand for industrial rubber used in a wide range of vehicle interiors and exteriors. For instance, in April 2022, a report published by European Automobile Manufacturers Association, 79.1 million motor vehicles were produced worldwide in 2021. Therefore, the growth in the automotive industry will drive the industrial rubber market.

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The industrial rubber market covered in this report is segmented –
1) By Rubber Type: Natural Industrial Rubber, Synthetic Industrial Rubber
2) By Processing Type: Injection Melding, Compression Melding, Extrusion, Others Processing
3) By Product: Mechanical Rubber Good, Rubber Hose, Rubber Belt, Rubber Roofing, Others Products
4) By Application: Automotive, Building and Construction, Industrial Manufacturing, Polymer Modification, Wire and Cable, Electrical and Electronics, Bitumen Modification, Coating, Sealant, and Adhesive, Medical and Healthcare, Others Applications

A pivotal and burgeoning trend within the industrial rubber market is the ascendancy of technological advancements. Prominent companies in the sector are at the forefront of introducing cutting-edge products and technologies, exemplified by the adoption of green and sustainable technology-based products. A case in point is the august 2022 launch by Global Rubber Industries (GRI), a Sri Lanka-based tire manufacturer, of the groundbreaking Green XLR Earth series of radial agricultural tires. This innovative product represents the industry's first sustainable tire series for the agricultural domain, underpinned by eco-friendly technology. Comprising 37.5% sustainable materials, this tire incorporates a significant proportion of recycled carbon black to minimize its carbon footprint. Notably, it integrates soybean oil, a renewable and sustainable resource, enhancing the retention of natural rubber properties for improved overall tire performance.

The industrial rubber market report table of contents includes:
1. Executive Summary
2. Industrial Rubber Market Characteristics
3. Industrial Rubber Market Trends And Strategies
4. Industrial Rubber Market - Macro Economic Scenario
5. Global Industrial Rubber Market Size and Growth
.....

31. Global Industrial Rubber Market Competitive Benchmarking
32. Global Industrial Rubber Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Industrial Rubber Market
34. Industrial Rubber Market Future Outlook and Potential Analysis
35. Appendix

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