Industrial Rubber Market 2019 - Size, Share, Trends, Growth and Forecast Analysis Report by Application and Region - Global Forecast 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 that is elastic
and water-resistant in nature. It comes off as a
milky latex in the sap of numerous plants and can
be even manufactured in a synthetic manner. Some
of the properties of rubber that make it highly
preferable for different applications are
resistance to tear, hardness, elongation,
compression set, resistance to abrasion, tensile
modulus strength, and others. Rubber comprises
thousands of loosely joined molecules to make
long and tangled chains. The global industrial
rubber market is expected to attain a striking
CAGR during the forecast period between 2018
2023. The proliferating demand for rubber in the
automotive industry is expected to proliferate
the industrial rubber market. A majority of the
industrial rubber is utilized or consumed by the
tire manufacturing industry and is subsequently
used in the military vehicles, trucks, buses,
automobiles, tractors, others. The growing
urbanization in the Asia-Pacific region is
projected to drive the market growth for
industrial rubber in the building construction
sector. Aside from its application in the tire
manufacturing industry, an expected penetration
of rubber in non-rubber products is also believed
to substantially expand the market during the
forecast period, particularly in the automotive
industry. Mechanical automotive rubber parts like
hoses, vibration control devices, gaskets, seals,
and wiper blades are few of the rubber products
with revenue generating capacity for the market.
In addition to all these, an emerging vehicle
parc, particularly in developing countries, has
witnessed subsequent growth in the automotive
aftermarket, thereby further ameliorating the
demand for industrial rubber products. View Full
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Industrial Rubber Market Research Report-
Forecast to 2023
Segmental Analysis
The Global Industrial Rubber Market is segmented
by Type, Product, Product Processing, End-Use
Industry and Region. Industrial Rubber occurs
naturally or can be commercially synthesized.
Natural rubber is obtained from tree Hevea
brasiliensis, the polymer content of which
depends on a variety of factors such as weather,
soil type, geographical area, and others. Various
grades of natural rubber are a ribbed smoked
sheet, air-dried sheet, and pale crepe rubber.
However, synthetic rubber can be formed using
crude oil by-products through emulsion
polymerization techniques. Also, they contain
lesser impurities, and their properties can be
adjusted accordingly. Thus, the synthetic type
industrial rubber is the leading segment. The
Global Industrial Rubber Market is segmented on
the basis of the product into tires, seals,
shock-absorbing parts, conveyor belts, hoses,
roofing, adhesives sealants, sports equipment,
and others. Among these, the tires segment is
leading the Global Industrial Rubber Market owing
to the increasing sale of automotive, especially
in the emerging economies. The products formed by
the rubber are processed using the various
processes such as extrusion, roller dies
calendering, coating, molding casting. Among
these, the roller die is the leading segment as
it offers the better quality product as compared
to the extrusion and calendering process. The
End-User Industry Segment includes automotive,
building construction, industrial
manufacturing, electrical electronics, and
others. The high demand for rubber tires from the
automotive industry is the major driver of the
market growth. Also, the shifting focus towards
the manufacturing of tires with increased fuel
economy is expected to propel the demand for
eco-friendly automotive. Following automotive,
the building construction segment accounts for
the second largest market share and is projected
to fuel the market growth due to the fast-paced
urbanization in the emerging countries.
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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 accounted for the
largest market share in 2016 on account of the
high demand for industrial rubber from major
end-use industries such as automotive,
construction, and electronics. 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. Europe is expected to grow
considerably due to high production and sales of
automotive parts and the high investment in
healthcare. Latin America and the Middle East
Africa are projected to witness significant
growth owing to the growing automotive and
infrastructure industry in respective regions.
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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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