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Rubber Cement Market Witness CAGR Of Around 5% Over 2021 to 2031
Rubber Cement market to witness a CAGR of Around 5%According to latest research by Fact.MR, rubber cement market is set to witness steady growth during 2021-2031. Demand for rubber cement will witness growth in coming years, owing to increase in awareness about rubber cement globally.
In the past few years, demand for lightweight electronic products has significantly increased in electronic industries. Electronic product manufacturers are using rubber cement to reduce the weight by removing nuts and bolts from electronic products.
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Covid-19 Affected the Global Sales of Rubber Cement
Mining industry and electronic industry are two of the badly affected sectors globally, as most of the big and small mining projects and electronic companies were put on hold to avoid the spread of virus.
This has impacted the market growth of the rubber cement market as this sector plays a vital role in rubber cement market.
Companies are facing issues in procurement of raw materials like chemical, natural rubber, synthetic rubber and other mixing particles from other countries due to the trade restriction between countries, manufacturer facing issues in delivering their previous orders to their international clients. This has forced the companies to look for local opportunities for procuring rubbers and chemicals.
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Who are the Key Manufacturers and Suppliers of Rubber Cement?
Some of the leading manufacturers and suppliers of rubber cement includes
Belzona International Ltd. (England)
Eli-Chem Resins UK Limited (UK)
LORD Corporation (US)
Fourthane (Chile)
3M Company (US)
Henkel AG & Co. KGaA (Germany)
Rema Tip Top AG (Germany)
ITW Performance Polymers (US)
Eli-Chem Resins UK Limited (UK)
H.B. Fuller Company (US)
Sika AG (Switzerland)
Permabond LLC (China)
BASF SE (China)
Yangzhou Qixiang Science & Technology Company (China)
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Key Segments
Based on product type, rubber cement market segmented into:
Hot Bond
Cold Bond
Based on application, rubber cement market segmented into:
Tanks / Vessels
Pipe and fittings
Cars
Electronic circuits
Convey belt
Rubber tires and wheels
Wall tile
Floor tile
Ceiling tile
Indoor tiles
Outdoor tiles
Swimming pool tiles
Others
Based on end user, rubber cement market segmented into:
Residential
Commercial
Mining Industry
Manufacturing
Others
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Rubber Cement Market Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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Europe Demand Outlook for Rubber Cement
Europe holds the second largest share of rubber cement market followed by North America. United Kingdom, France and Germany dominate the European market of rubber cement, as most of the big players of the automobile, engineering and electronic industry come from these countries.
Asia Pacific Rubber Cement Market Outlook
Asia Pacific is the leading market for rubber cement globally.
The Asia Pacific accounts more than 30% share of the global rubber cement market. The demand in Asia Pacific is expected to grow at a rapid pace in forecasted period (2021 – 2031), as the number of activities are increasing in end use industry.
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