• Blog
  • x

    We are working from home under lockdown. Our team is continuously tracking the impact of COVID-19 across different industries and we will incorporate those insights in our reports. For any specific query, mail us at [email protected]

    Industrial Rubber Market | Covid-19 Impact Analysis

    Industrial Rubber Market | Covid-19 Impact Analysis

    Industrial Rubber Market | Covid-19 Impact Analysis
    Report code - SRAM481 Delivery - 2 Weeks
    Industrial Rubber Market Size, Share, Trend, Forecast, & Industry Analysis – 202 See more...
    Purchase Report
    notch

    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 have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy 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.

    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.

    Industrial Rubber Market - Snapshot

    Growth

    5.0% for the next five years

    Major Type

    Synthetic Rubber

    Dominant Application Type

    Automotive

    Fastest-Growing Region

    Asia-Pacific

    Key Players

    Lanxess AG, Sinopec, The Goodyear Tire and Rubber Company, Kumho Petrochemical Co., Ltd, TSRC Corp., Nizhnekamskneftekhim, JSR Corporation, LG Chem Ltd., Versalis S.p.A., Zeon Corporation.

     

    Market Share Analysis

    Industrial-Rubber-Market-Dominant-Segments

    Wish to Get a Free Sample? Register Here

    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.

    Industrial-Rubber-Market-By-Region

    Know which region offers best growth opportunites. Register Here

    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.

    Industrial Rubber Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    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]


    Frequently Asked Questions (FAQs)

    What will be the growth of Industrial Rubber Market in the foreseeable future?

    The industrial rubber market is expected to witness an impressive growth of 5.0% CAGR in the foreseeable future.

    Who are the key players in the Industrial Rubber Market?

    Lanxess AG, Sinopec, Kumho Petrochemical Co., Ltd, TSRC Corporation, and The Goodyear Tire and Rubber Company are among the key players in the Industrial Rubber Market.

    Which country/region is expected to be the fastest-growing Industrial Rubber Market?

    Asia-Pacific is expected to be the fastest-growing industrial rubber market during the next five years.

    What is the prime factor driving the growth of Industrial Rubber Market?

    Increasing usage of versatile materials in various applications, such as automotive, building & construction, medical & healthcare, coating, sealant & adhesives, and wire & cables is the prime factor driving the growth of industrial rubber market.

    •   

      Why are We Class Apart?

      Advanced Materials Offer Next Growth Wave

      We Specialize in Composites & other Materials Market Research

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across the Value Chain

      Track the Latest Trends in Advanced Materials

      Know High Growth Opportunities


       

    FREE SAMPLE