Rubber Market to Exhibit a Moderate CAGR of 5.1%; Ongoing Technological Advancements to Propel Growth, says Fortune Business Insights

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Rubber Market Size, Share Industry Analysis, By
Type (Natural, and Synthetic), By Application
(Tire, Non-Tire Automotive, Footwear, Industrial
Goods, and Others), and Regional Forecast,
2019-2026
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Published Date April 2019 Report Format PDF
Region Global Base Year 2018
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Rubber Market Size, Share Industry Analysis, By
Type (Natural, and Synthetic), By Application
(Tire, Non-Tire Automotive, Footwear, Industrial
Goods, and Others), and Regional Forecast,
2019-2026
Report Highlights The global rubber market is
anticipated to gain impetus from a rise in the
demand from tire and non-tire automotive parts
sector. This information is published in a report
by Fortune Business Insights, titled, Rubber
Market Size, Share Industry Analysis, By Type
(Natural, and Synthetic), By Application (Tire,
Non-Tire Automotive, Footwear, Industrial Goods,
and Others), and Regional Forecast, 2019-2026.
The report further mentions that the rubber
market size is projected to reach USD 60.38
Billion by 2026, thereby exhibiting a CAGR of
5.1 during the forecast period. However, the
market was valued at USD 40.71 Billion in 2018.
Furthermore, rubber consists of numerous crucial
properties, namely, high flexibility, insulation
property, and weather resistance. Hence, it is
used in manufacturing non-flat belts, elevators,
and transmission belts. The report provides a
detailed analysis of the market growth rate and
size for all the significant segments. It further
offers qualitative and quantitative insights into
the industry, such as rubber market trends,
growth drivers, hindrances, competitive
landscape, and challenges. It also aids in
highlighting and analyzing the most important
business strategies of the renowned market
players. Combined with this, it presents accurate
information regarding the market value, size, and
volume.
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Rubber Market Size, Share Industry Analysis, By
Type (Natural, and Synthetic), By Application
(Tire, Non-Tire Automotive, Footwear, Industrial
Goods, and Others), and Regional Forecast,
2019-2026
Synthetic Rubber Segment to Dominate Owing to its
Various Beneficial Properties In terms of type,
the rubber market is categorized into synthetic
and natural. Amongst these, synthetic rubber is
exhibiting higher demand due to various
applications, namely, industrial goods, footwear,
and tire. It is because they possess superior
properties, such as toughness, elasticity, high
head resistance, and abrasion resistance. All
these vital properties have resulted in the rapid
inclination of consumers towards synthetic rubber
from natural rubber. They are used widely for
commercial purposes, especially for manufacturing
tires. It is considered to be very cost-effective
as compared to natural rubber. North America to
Dominate Increasing Demand from Automotive and
Footwear Industries to Boost Growth The rubber
market is geographically divided into Europe, the
Middle East and Africa, North America, Latin
America, and Asia Pacific. Out of these regions,
North America is projected to dominate the market
during the forecast period. It would occur due to
the increasing demand for rubber from footwear
and automotive applications. Additionally, the
ongoing technological advancements and a rise in
the applications in textile and chemical industry
would contribute to the rubber market growth in
this region. Browse Complete Report
Details https//www.fortunebusinessinsights.com/i
ndustry-reports/rubber-market-101612
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Rubber Market Size, Share Industry Analysis, By
Type (Natural, and Synthetic), By Application
(Tire, Non-Tire Automotive, Footwear, Industrial
Goods, and Others), and Regional Forecast,
2019-2026

• Fortune Business Insights profiles few of the
  most prominent companies operating in the rubber
  market. They are as follows
• LG Chem
• ARLANXEO
• Petrochina
• Southland Holding Lonza
• Kumho Petrochemical
• Tradewinds Plantation Berhad
• Unitex Rubber
• TSRC Corporation
• Halcyon Agri
• Vietnam Rubber Group
• Versalis
• Ravasco
• Dow Chemicals
• Tong Thai Rubber Group
• Sri Trang Agro-Industry
• Von Bundit

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Rubber Market Size, Share Industry Analysis, By
Type (Natural, and Synthetic), By Application
(Tire, Non-Tire Automotive, Footwear, Industrial
Goods, and Others), and Regional Forecast,
2019-2026
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