Industrial rubber products are diversified to various downstream industries, including manufacturing, construction, automotive, aerospace and others. Because of the flexibility, elasticity, toughness, resilience and insulation that rubber products provide, these are widely used in transportation, industrial, consumer, hygienic and medical applications. The global industrial rubber products market is poised to expand at progressive rate, driven by the increasing demand from automotive, construction, and manufacturing industries.
The demand for industrial rubber products market is hugely driven by the motor vehicle output, and auto component manufacturers. Burgeoning demand from the automotive industry and rise in the application of rubber products in the end use industry are the key drivers of the industrial rubber product market. Growth of autonomous and battery vehicles is anticipated to propel the demand for industrial rubber products in the future. Growth of the infrastructure and construction activities in the emerging economies is anticipated to drive the demand for industrial rubber products.
Volatility in the raw material supply and fluctuating prices of the rubber is the main restraint for the industrial rubber products market in the forecast period. Increasing use of rubber products in construction & infrastructure industry and innovation in the products manufactured from synthetic rubber are the key opportunities in the industrial rubber products market.
The industrial rubber products market has been segmented on the basis of rubber type, product, process, and end user. On the basis of rubber type, industrial rubber products market can be classified as: Natural rubber, Styrene Butadiene Rubber, Polybutadiene, Ethylene-propylene, Nitrile Butadiene Rubber and others. The industrial rubber products market over the years has witnessed strong emergence of synthetic rubbers such as Polybutadiene (BR), Ethylene- Propylene (EPDM), Styrene Butadiene Rubber (SBR), Nitrile Butadiene Rubber (NBR), and others. In terms of product, mechanical goods which encompasses products such as body seals, vibration control devices, and wiper blades was the dominant segment accounting for close to fifty percent of the market share in 2016. On the basis of manufacturing process type, the industrial rubber products market has been classified as: molded product manufacturing, extruded/calendared product manufacturing, fabricated product manufacturing, latex based product manufacturing and others. Molded product manufacturing was the dominant manufacturing process in 2016 accounting for a major market share.
Market for industrial rubber products market was promising in Asia Pacific and Middle East & Africa in the past. Owing to increase in the construction and infrastructure activities in the region, these regions have promising outlook in the forecast period. Europe and North America. In 2016, SABIC launched first domestically manufactured synthetic rubber products to cater to the growing demand in the region. Other global player are also planning to expand in the growing Middle East & Africa and Asia Pacific in the forecast period. Johns Manville in 2015, underwent an expansion at its Scottsboro, Alabama rubber roofing plant to increase the capacity by over twenty percent.
In terms of region, Asia Pacific lured most of the demand for industrial rubber products in 2016, accounting for over one third of the market share in 2016. This is attributable to the flourishing automotive and construction sector, favorable government policies for auto manufacturers, and the shifting of the production facilities by major players due to the low labor and operating costs. The industrial rubber product market in Europe is likely to contract marginally during the forecast period. This is because the European economy is in the recovery phase and the region is a mature market for industrial rubber products. North America is expected to witness moderate growth during the forecast period. The significant contribution from the U.S., which is considered as the biggest market for mechanical rubber goods and increasing use of rubber products such as blow-out preventers, packers, and seals in the oilfield application in the region is expected to drive the demand for industrial rubber products in North America in near future.
Key players profiled in the Industrial Rubber Products market include Bridgestone Corporation, Cooper Standard Inc., Continental AG, Freudenberg Group, The Goodyear Tire & Rubber Company, HEXPOL AB, Gates Corporation, NOK CORPORATION, Sumitomo Riko Company Limited, Eaton, Myers Industries, Inc., and Yokohama Rubber Co., Ltd. Continental AG concluded acquisition of Veyance Technologies Inc to increase the proportion of revenue from non-automotive business. Companies are seeking to minimize their dependency on automotive sector and expand product portfolio for other industries.
This report analyzes and forecasts the market for Industrial Rubber Products at the global and regional level. The market has been forecast based on revenue (US$ Mn) & Volume (Kilo Tons) from 2017 to 2025. The study includes drivers and restraints of the global Industrial Rubber Products market. It also covers the impact of these drivers and restraints on demand for Industrial Rubber Products during the forecast period. The report also highlights opportunities in the Industrial Rubber Products market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global Industrial Rubber Products market. Porter’s Five Forces model for the Industrial Rubber Products market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-user are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global Industrial Rubber Products market by segmenting it in terms rubber type, product, process, and end user. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecasted demand for Industrial Rubber Products in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual end-user segments in all the regions.
The study includes profiles of major companies operating in the global Industrial Rubber Products market. Key players profiled in the Industrial Rubber Products market include Bridgestone Corporation, Cooper Standard Inc., Continental AG, Freudenberg Group, The Goodyear Tire & Rubber Company, HEXPOL AB, Airbus Rubber Compounding, Gates Corporation, TOYODA GOSEI Co., Ltd, HUTCHINSON, NOK CORPORATION, Parker Hannifin Corp, Sumitomo Riko Company Limited, Eaton, Delphi Automotive LLP, Myers Industries, Inc., The Yokohama Rubber Co., Ltd. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis.
The report provides the estimated market size of Industrial Rubber Products for 2016 and forecast for the next nine years. The global market size of Industrial Rubber Products has been provided in terms of revenue and Kilo Tons. Market numbers have been estimated based on rubber type, product, process, and end user segment of Industrial Rubber Products. Market size and forecast for each major rubber type, product, process, and end user have been provided in terms of global and regional markets.
The report segments the global Industrial Rubber Products market as:
Industrial Rubber Products Market: Rubber Type Analysis
- Natural Rubber
- Styrene Butadiene Rubber
- Nitrile Butadiene Rubber
Industrial Rubber Products Market: Product Analysis
- Mechanical rubber goods
- Rubber hose
- Rubber belts
- Rubber roofing
Industrial Rubber Products Market: Process Analysis
- Molded Product Manufacturing
- Extruded/Calendared Product Manufacturing
- Fabricated Product Manufacturing
- Latex Based Product Manufacturing
Industrial Rubber Products Market: End use Analysis
- Construction & Infrastructure
Industrial Rubber Products Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
- The report provides an extensive analysis of industrial rubber products market trends and share from 2016 to 2025 to identify the market opportunities and industry development
- Identify the key factors responsible to build the upcoming opportunistic roadmap for industrial rubber products market at a global, regional and country level
- Comprehensive analysis with respect to investments, regulatory scenario and price trend that subsequently impact the market outlook and forecast of global industrial rubber products between 2016 and 2025
- The report provide insights on market opportunities for various stakeholders in the industry value chain and detailed competition landscape for key players dominating the industry to understand competition level and opportunity for strategic merger and acquisition
- Porters Five Forces analysis and SWOT Analysis highlights the potency of buyers & suppliers to enable stakeholders to make profit-oriented business decisions and analyze the strength and weakness to gain strategic position in the market