Industrial Rubber Market Size is estimated to reach USD 42.01 Billion by 2028 | Reports and Data

The Industrial Rubber Market is expected to reach USD 42.01 Billion by 2028, according to a new report by Reports and Data.

The industrial rubber market is driven principally by the automotive industry. Industrial rubber is primarily used for making tires. Construction activities led by developing economies across the world will generate demand. The volatility of the oil prices, concerning government regulations and environmental concerns, lack of suppliers, and the growing threat of alternatives are factors hindering the growth of the industry.

The North American region accounted for the second-largest share of 30.3% of the market in 2018. The growing demand for fuel-efficient automotive parts due to environmental concerns and strict regulations is anticipated to drive growth in this region. In the United States, currently, 111 companies are working within the tire and rubber industry. When combined, they are accountable for more than 42,000 direct employment possibilities.

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Key players in the industry include Sinopec, Lanxess, The Goodyear Tire and Rubber Company, ExxonMobil, Kumho Petrochemical, TSRC Corporation, Nizhnekamskneftekhim, JSR Corporation, LG Chem, Versalis S.P.A., Zeon Corporation, PetroChina,  Sibur, Group Dynasol, Kraton Corporation.

Market Overview:

To manufacture an enormous array of products, the materials and chemicals business employs a number of raw materials, ranging from air and minerals to oil (such as petrochemicals, agrochemicals, and fragrances). Basic chemicals (sold inside the chemical industry), specialty chemicals (for paints and inks, crop protection), and consumer chemicals are all produced by the chemical industry (sold directly to the public such as detergents). Decarbonization methods are being investigated by the materials and chemicals sectors as a result of the development of digital technology (such as advanced analytics) and growing environmental concerns.

Product Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

Mechanical Rubber Good

Rubber Belt

Rubber Hose

Rubber Roofing

Others

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Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

Synthetic Rubber

Natural Rubber

Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

Automotive

Building & Construction

Industrial Manufacturing

Electrical & Electronics

Others

Process Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

Molding & Casting

Extrusion

Calendaring

Roller Die

Coating

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Reasons for Buying this Report:

The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.

The study provides pinpoint analysis for changing competitive dynamics.

The report helps readers in understanding the product segments and their future growth.

Analysts in this research report can quickly expand their business by focusing on various business and market strategies. 

It helps make informed business decisions by having complete insights into the market and in-depth analysis of market segments.

PEST analysis of the market in the five major regions.

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