Industrial Rubber Market Report

Impact of COVID-19 on Industrial Rubber Market

Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

Note: The summary below might not have included insights on covid impact since we have large number of reports.

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Impact of COVID-19 on Industrial Rubber Market

Covid-19 has impacted the market dynamics, competition, and global...

See more...

Impact of COVID-19 on Industrial Rubber Market

Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

Note: The summary below might not have included insights on covid impact since we have large number of reports.

Get Impact Analysis

Industrial Rubber Market Insights

Industrial rubber market is likely to witness a moderate CAGR of 5.0% during the forecast period. The prime factor that is contributing to the demand for industrial rubbers is mainly the increasing usage of versatile materials in various applications, such as automotive, building & construction, medical & healthcare, coating, sealant & adhesives, and wire & cables.

Market Share Analysis

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Industrial Rubber Market Share: By Type

Based on the type, the market is segmented as natural rubber and synthetic rubber. The synthetic rubber segment held the larger share of the market during the forecast period. The synthetic rubber is an abrasion-resistant replacement for natural rubber, widely used in the automotive application, which is driving the growth of this segment. Further, it is produced in the latex form to be used as a rubbery adhesive in manufacturing carpet. The various other applications where synthetic rubber is used are roll coverings, drive couplings, conveyor belts, and adhesives.

Industrial Rubber Market Share: By Application Type

Based on the application type, the industrial rubber market is segmented as automotive, building & construction, industrial manufacturing, polymer modification, wire & cable, electrical & electronics, bitumen modification, coating, sealant & adhesive, medical & healthcare, and others. The automotive application dominates the market, as industrial rubbers are majorly used in this due to their better performance and easier processing ability. Further, industrial rubbers are used as a replacement for metal, glass, and wood parts used in the automotive application. They also possess various properties such as stiffness and abrasion resistance, which are propelling the growth of the segment during the forecast period.

Industrial Rubber Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the fastest-growing industrial rubber market during the forecast period, with lucrative growth opportunities. The growth of the market is driven by the increasing demand for vehicles, automotive components, and substantial infrastructural development, growing building & construction sector, which is generating huge demand for industrial rubbers, and the presence of a large number of industrial rubber manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer significant growth opportunities during the forecast period.

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Some of the major industrial rubber manufacturers are-

• Lanxess AG
• Sinopec
• Kumho Petrochemical Co., Ltd
• TSRC Corporation
• The Goodyear Tire and Rubber Company

Market Scope & Segmentation

Industrial rubbers are majorly of two types i.e. synthetic rubber and natural rubber. Synthetic rubber is an elastomer, developed by the process of polymerization of unsaturated hydrocarbons from petroleum byproducts. It is more flame resistant as compared to natural rubber.

Industrial rubbers are most versatile and widely used products, in various applications, such as automotive, adhesives, buildings & construction, wire & cable, and medical & healthcare.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The industrial rubber market is segmented into the following categories. 

Industrial Rubber Market Size, Share, & Forecast, by Type:

• Natural Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Synthetic Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Industrial Rubber Market Size, Share, & Forecast, by Product Type:

• Mechanical Rubber Good (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Rubber Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Rubber Belt (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Rubber Roofing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Industrial Rubber Market Size, Share, & Forecast, by Application Type:

• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Industrial Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polymer Modification (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wire & Cable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Bitumen Modification (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Coating, Sealant & Adhesive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medical & Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Industrial Rubber Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].