Our latest research report entitled Industrial Rubber Products Market (by product type (mechanical goods, hose, roofing, rubber belts), rubber type (natural rubber, styrene-butadiene rubber, polybutadiene, ethylene-propylene) provides complete and deep insights into the market dynamics and growth of industrial rubber products. The latest information on market risks, industry chain structure industrial rubber products cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential industrial rubber product growth factors.
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Growing Demand for Automotive and Its Components Contribute to the Growth
Industrial rubber products have a diverse range of applications. It has a spectrum of performance requirements from common strength properties to fluid resistance, friction coefficient, conductivity, permeation, and many more. Companies operating in the global industrial rubber market are adopting strategic mergers, acquisitions, and new product launches that expand their market share. For instance, in 2017, Goodyear Tire & Rubber Company acquired Ventech Systems GmbH. Ventech Systems is a leader in automated tire inspection technology. The acquisition strengthens Goodyear’s value proposition towards fleets such as premium tires, advanced technology, and mobile fleet solutions.
The increasing applications of rubber products in end-use industries drive the growth of the industrial rubber products market. The growing demand for automotive and its components contribute to the growth of industrial rubber products market. The surge in infrastructure and construction activities in developing countries boosts the growth of the industrial rubber products market. In addition, increasing demand for autonomous and battery vehicles stimulates the growth of the industrial rubber products market. On the other side, fluctuating raw material prices and the volatility of raw material supply hinder the growth of the industrial rubber products market. Moreover, research and development encourage innovations that create novel opportunities for the growth of the industrial rubber products market.
Asia-Pacific is expected to hold a premium share
Based on geography, the global industrial rubber products market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific is expected to hold a premium share in the global industrial rubber products market. The rising construction and automotive sector in the Asia-Pacific region contribute to the growth of the industrial rubber products market in Asia-Pacific.
Europe is expected to grow in the global industrial rubber products market with a healthy CAGR over the forecast period. North America is showing steady growth in the global industrial rubber products market.
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Report on Global Industrial Rubber Products Market Covers Segments such as Product Type, Rubber Type, and End-User
On the basis of product type, the sub-markets include mechanical rubber goods, rubber hose, rubber roofing, and rubber belts. On the basis of rubber type, the sub-markets include natural rubber, styrene-butadiene rubber, polybutadiene, ethylene-propylene, and nitrile butadiene rubber, other rubber types. On the basis of end-user, the sub-markets include construction, aerospace, automotive, and other end-users.
The report provides profiles of the companies in the market such as ZEON Corporation, Goodyear Tire, and Rubber Company, TSRC Corporation, Kumho Petrochemical Co., Ltd., Sinopec Group, LG Chem Ltd., Versalis S.p.A., Gates Corporation, Myers Industries, Inc., Yokohama Rubber Co., Ltd., and other companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-industrial-rubber-products-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of industrial rubber products.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.