Industrial Rubber Market New Industry Research on Present State & Future Growth Prospects by 2023

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Industrial Rubber Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Industrial Rubber Market Research Report-
Forecast to 2023
Industrial Rubber Market - Overview
Rubber is a hydrocarbon polymer occurring as a
milky latex in the sap of various plants and can
also be manufactured synthetically. Some of the
physical properties of rubber include abrasion
resistance, tear resistance, compression set,
elongation, tensile modulus strength, hardness,
and others. The increasing demand for rubber from
the automotive industry is driving the Global
Industrial Rubber Market. Majority of industrial
rubber is consumed by the tire manufacturing
industry, which is used in automobiles, trucks,
buses, tractors, military vehicles, and others.
Furthermore, rapidly growing urbanization in Asia
Pacific is expected to drive the demand for
Industrial Rubber in building construction
industry. Apart from the tire applications,
penetration of rubber in non-tire rubber products
is expected to grow substantially during the
forecast period, especially in the automotive
industry. Mechanical automotive rubber components
such as hoses, seals, gaskets, vibration control
devices and wiper blades are some of the major
revenue generating rubber products to look out
for. Furthermore, an emerging vehicle parc,
especially in the developing nations, has
witnessed a subsequent growth in the automotive
aftermarket, which is further propelling the
demand for industrial rubber products. The key
players involved in the Industrial Rubber Market
are focussing on the market development by
collaborating with other players. For instance,
on May 08, 2018, Midwest Industrial Rubber
acquired New England Belting Company (NEBCO).
This acquisition has expanded Midwests growth
strategy for expansion and quick access to new
and untapped markets. On May 31, 2018,
Bridgestone HosePower, a subsidiary of
Bridgestone Corporation, announced the expansion
of their hose solutions business in Northeast by
the acquisition of Industrial Rubber Co., a
company based in New Jersey.
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Industrial Rubber Market Research Report-
Forecast to 2023
Segmental Analysis
The Global Industrial Rubber Market is segmented
on the basis of the Type, Product, Product
Processing, End Use Industry and Region. On the
basis of the Type, the Global Industrial Rubber
Market is bifurcated into natural and
synthetic. Based on the Product, the Global
Industrial Rubber Market is segmented into tires,
seals, shock-absorbing parts, conveyor belts,
hoses, roofing, adhesives sealants, sports
equipment, and others. On the basis of the
Product Processing, the market is segmented into
extrusion, calendering, roller die, coating,
molding casting. On the basis of the End Use
Industry, the Global Industrial Rubber Market is
segmented into automotive, building
construction, industrial manufacturing,
electrical electronics, and others. View
Complete TOC with Tables and Figures at
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trial-rubber-market-6083

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Industrial Rubber Market Research Report-
Forecast to 2023
Regional Outlook
The Global Industrial Rubber Market is spanned
across five regions namely Asia Pacific, North
America, Europe, Latin America, and the Middle
East Africa. Asia Pacific dominated the Global
Industrial Rubber Market in 2016 owing to the
high demand for industrial rubber from major
end-use industries such as automotive,
construction, and electronics. High production
and sales of automotive coupled with rapid
urbanization in the region are expected to drive
the market growth over the forecast period. North
America accounted for the second largest market
in 2016 on account of high demand for Industrial
Rubber from the reviving construction, and
automotive industries. The increasing demand for
fuel-efficient automotive parts due to
environmental concerns and stringent regulations
is expected to drive the market growth in this
region. Europe is expected to grow considerably
due to high production and sales of automotive
parts in Western European countries such as
Germany, the U.K, France, and others.
Additionally, the high investment in healthcare
to offer safe and better facilities is likely to
fuel the market growth. Latin America is
projected to witness a considerable growth due to
growing automotive industry in Mexico, Brazil,
and others. The Middle East Africa is expected
to witness high demand for Industrial Rubber
owing to the increasing infrastructural and
construction activities in the GCC countries.
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Industrial Rubber Market Research Report-
Forecast to 2023
Major Players in this Research

• Industrial Rubber Market Prominent Players
• LANXESS (Germany)
• Bridgestone Corporation (Japan)
• LG Chem (South Korea)
• Sinopec (China)
• The Goodyear Tire Rubber Company (U.S.)
• KUMHO PETROCHEMICAL (South Korea)
• TSRC (Taiwan)
• JSR Corporation (Japan)
• Versalis S.p.A. (Italy)
• PJSC "Nizhnekamskneftekhim" (Russia)
• ZEON CORPORATION (Japan).

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