Industrial Rubber Market 2020: Phenomenal Growth – Sinopec Corporation, LG Chem Ltd., The Goodyear Tire & Rubber Company

Surge in demand from the automotive industry and rise in construction activities across the world drive the growth of the global industrial rubber market. On the other hand, varying costs of raw materials utilized in rubber manufacturing hinder the market growth to certain extent. However, advancements in technologies would offer numerous opportunities for the key market players.

According to the report published Allied Market Research, the global industrial rubber market generated $31.3 billion in 2019, and is estimated to generate $44.6 billion by 2026, growing at a CAGR of 5.2% from 2019 to 2026. The research offers a detailed analysis of changing market dynamics, top winning strategies, key segments, Porter’s Five Forces analysis, and competitive landscape.

Download Sample Report with Detailed COVID-19 Impact Analysis @ https://www.alliedmarketresearch.com/request-sample/6275

Based on type, the synthetic segment is estimated to register more than three-fifths of total share of the global industrial rubber market in 2019, and is estimated to remain its dominant position from 2019 to 2026. In addition, this segment is expected to grow at the fastest CAGR of 5.7% from 2019 to 2026. This is due to synthetic rubber being more abrasion resistant as compared to natural rubber. The research also analyzed the natural rubber segment.

Based on end use industry, the automotive segment contributed to more than one-third of the total share in terms of revenue in 2019, and is projected to lead throughout the forecast period. Moreover, the segment is expected to witness the fastest CAGR of 6.0% from 2019 to 2026. The report also analyzes segments including construction, electrical & electronics, manufacturing, and others.

Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/purchase-enquiry/6275

Based on geography, Asia-Pacific is expected to garner the highest share of the market, accounting for more than one-third of the total market share of the global industrial rubber market. This region is expected to witness the highest CAGR of 5.8% from 2019 to 2026. This is due to expansion of manufacturers into economies such as China, India, and Japan. The research also discusses regions including North America, Europe, and LAMEA.

Key market players analyzed in the research include Sinopec Corporation, The Goodyear Tire & Rubber Company, LG Chem Ltd., Bridgestone Corporation, Toyo Tire & Rubber Co., Ltd., Arkema S.A., Lotte Chemical Corporation, Celanese Corporation, Braskem S.A., and United Rubber Industries India private Limited.

Obtain Report Details: https://www.alliedmarketresearch.com/industrial-rubber-market

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.