Global Industrial Rubber Market: An Overview 

The industrial rubber market is growing at a healthy rate, and is expected to continue its expansion in future. This is mainly due to rising availability of products in developing countries, increasing disposable income, and increasing demand for rubber-made commodities. 

Industrial rubber is one of the most versatile and widely used products in the world. Industrial rubber market is increasingly serving a wide range of sectors including building & construction, automotive, wire & cable, coating, medical & healthcare, electrical & electronics, etc. 

Synthetic rubber is a petrochemical byproduct. It is an elastic polymer, which is stronger and more flame resistant as compared to the natural variety. Hence, the synthetic rubber provides more flexibility for manufacturers in conceptualizing various different end products. 

Global Industrial Rubber Market: Key Trends 

A major driver influencing the growth of the global rubber market is the positive economic outlook of the Asia Pacific market. Increased sales for the automotive industry is expected to boost the industrial rubber market significantly. The industrial rubber market is anticipated to make major gains in emerging economies including Thailand, Malaysia, Brazil and India. 

Additionally, the mechanical rubber is also foretold to witness major growth due to  increasing in purchasing parity in China. This variety of rubber is commonly used in machinery equipment and motor vehicles. 

Growing automotive sales in China and its status as the manufacturing hub for automotive is expected to drive the market further. Increasing household income in emerging countries, lack of adequate public infrastructure, and changing preference for private cars is expected to drive the global industrial rubber market.    

 Rising construction activities in emerging economies is also a key factor fueling prosperity for the industrial rubber market. Various governments in Asia Pacific are investing in both public and private initiatives to boost infrastructure in countries such as India and China. Several airports, metros, highways, other smart city projects are being undertaken in these economies. These projects are expected to boost demand for industrial rubber market during the forecast period in Asia Pacific. 

Global Industrial Rubber Market: Regional Outlook 

The industrial rubber market is expected to grow with the fastest CAGR in the Asia Pacific region. It is prophesized to grow at an average CAGR in North America as well as Europe. However, These regions are expected to hold the largest share of the global industrial rubber market during the forecast period . 

The automotive industry contributes to a major contributor to GDP in several European countries. Hence, its sluggish growth can receive a boost from government initiatives during the forecast period. Increasing population in emerging markets is expected to drive Asia Pacific, followed by South America, and the Middle East & Africa.

Global Industrial Rubber Market: Competitive Dynamics 

Main players in the industrial rubber market are TSRC Corporation, Nizhnekamskneftekhim, Kumho Petrochemical,  JSR Corporation, Tire, and Rubber Company (US).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

.