Global Industrial Rubber Market is expected to reach US$35.16 Bn by 2026 from US$ XX Bn in 2018 at a CAGR of XX %.
Global Industrial Rubber Market
Global industrial rubber market is segmented into type, product, application, and region. On the basis of type, market is divided into Natural Rubber, Synthetic Rubber. Based on the product, market is classified into Mechanical Rubber Good, Rubber Belt, Rubber Hose, Rubber Roofing, Others. According to application, market is segmented by Automotive, Industrial Manufacturing, Building & Construction, Polymer Modification, Electrical & Electronics, Wire & Cable, Bitumen Modification, Medical & Healthcare, Coating, Sealant, & Adhesive, Others. Geographically market is spread by North America, Asia-Pacific, Latin America, Europe, and Middle East & Africa.
Industrial rubber market is mainly driven by automotive industry. Industrial rubber is mainly used for making tires used in bicycles, trucks, aircrafts and automobiles. Construction activities led by emerging economies across world will further impel the growth of industrial rubber market. Volatility of the oil prices, environmental concerns and concerned government regulations, lack of suppliers and increasing threat of alternative are factors hampering the growth of the industrial rubber market.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Mechanical rubber good segment is expected to hold largest shares of the market during the forecast period. Distributor of hose and belts will gain benefits from increased consumer demand of the durable goods, particularly machinery and equipment.
Automotive segment is leading the industrial rubber market. Increasing trend of lightweight vehicle will propel the demand of industrial rubber. Construction segment is about to gain market owing to trend of rubber roofing.
Geographically, the Industrial Rubber market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific is expected to be largest markets for industrial rubber during the forecast period. The increasing use of industrial rubber in the automotive, building & construction and other applications is fueling the market growth in this region.
key players operating in market include Lanxess, Sinopec, The Goodyear Tire and Rubber Company, Kumho Petrochemical, TSRC Corporation, Nizhnekamskneftekhim, JSR Corporation, LG Chem, Versalis S.P.A., Zeon Corporation, PetroChina, ExxonMobil, Sibur, Group Dynasol, Kraton Corporation.
The objective of the report is to present comprehensive Global Industrial Rubber Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Industrial Rubber Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Global Industrial Rubber Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Industrial Rubber Market North America for Asia Pacific make the report investor’s guide.
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Scope Global Industrial Rubber Market:
Global Industrial Rubber Market, By Type:
• Natural Rubber
• Synthetic Rubber
Global Industrial Rubber Market, By Product:
• Mechanical Rubber Good
• Rubber Belt
• Rubber Hose
• Rubber Roofing
Global Industrial Rubber Market, By Application:
• Industrial Manufacturing
• Building & Construction
• Polymer Modification
• Electrical & Electronics
• Wire & Cable
• Bitumen Modification
• Medical & Healthcare
• Coating, Sealant, & Adhesive
Global Industrial Rubber Market, By Geography:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players operated in the Industrial Rubber Market:
• The Goodyear Tire and Rubber Company
• Kumho Petrochemical
• TSRC Corporation
• JSR Corporation
• LG Chem
• Versalis S.P.A.
• Zeon Corporation
• Group Dynasol
• Kraton Corporation
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