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Industrial Rubber Market Present Scenario and the Growth Prospects with Forecast 2026
Industrial Rubber Market
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Cushioning rough surfaces and controlling incidence of abrasion-based damages makes adoption of rubber solutions quite practical for industries. By the end of 2026, nearly 55 million metric tons of industrial rubber will be consumed across the globe. In the report, titled “Industrial Rubber Market: Global Industry Analysis and Forecast, 2016-2026,” Persistence Market Research has attributed the market’s growth to factors such as rising global construction output, soaring sales of industrial rubber through digital marketing, technological advancements improving large-scale production of industrial rubber, and effective application of industrial rubber in automotive as well as emerging industrial verticals.
Although, global consumption of industrial rubber will remain at the mercy of fluctuating raw rubber prices and stringent environmental regulations regarding production, use & disposal of rubber products. The report also highlights the downtrend in global demand for natural rubber products. In 2017 and beyond, industrial use of natural rubber is projected to slow down, procuring just over 37% of global market value. With respect to synthetic industrial rubbers, the global consumption of styrene butadiene rubber will be growing at 7% CAGR during the forecast period. Besides, the market is also likely to exhibit higher growth in demand for polybutadiene rubber, ethylene-propylene rubber and silicone rubber.
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The report reveals that a considerable portion of industrial rubber produced in the world will be processed through injection molding method. In 2016, more than US$ 37,189.5 Mn revenues were accounted by global sales of injection-molded industrial rubber. Higher adoption of injection molding will also lower the market presence of compression molding process. Meanwhile, industrial rubber obtained through extrusion process is likely to impose a consistent share on global market value – 34.2% – through 2026.
List of Companies
Bridgestone Corporation
Goodyear Tire & Rubber Corporation
Bando Chemical Industries, Ltd
Trelleborg AB
Eaton Corporation PLC
Continental AG
Yokohama Rubber Company Ltd.
Parker-Hannifin Corporation
Carlisle Companies Inc.
Nichirin Co. Ltd.
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About Chemical Domain of Persistencemarketresearch@ https://www.persistencemarketresearch.com/category/chemicals-and-materials.asp
The Industrial Automation team at Persistence Market Research provides expert opinions and incisive inputs about broad array of products used extensively in the manufacturing industry. The team has compiled comprehensive market research reports on gears, valves, bearings, special purpose machinery, and other key segments in this evolving landscape. In addition to offering syndicated market research studies, the team consults clients from all across the globe on their unique, strategic needs. Need help with your next project? Feel free to reach out.
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