Global Industrial Rubber Market Size, Growth Analysis Report, Forecast to 2027

The global Industrial Rubber market is anticipated to grow significantly at a CAGR of 4.8% over the forecast period (2021-2027). The global industrial rubber market is segmented on the basis of type, application, and end-use industry. Based on the type, the market is segmented as natural and synthetic. The synthetic segment is likely to hold the most substantial share during the forecast period. The key aspect that drives the segmental growth of the global industrial rubber market includes the comprehensive applications of synthetic industrial rubber.

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Based on the application, the market is segmented as tires & tubes, hoses, gaskets, & seals, conveyor belts, wires & cables, and others. The tires & tubes segment is likely to hold the most substantial share during the forecast period. The key aspect that drives the segmental growth of the global industrial rubber market includes increased rubber demand from the automobile industry in the various tire and non-tire applications. This is due to the underlying properties of rubber, such as resilience, toughness, and elasticity which makes the product the key material for manufacturing tires for the automobile industry.

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Based on the end-use industry, the market is segmented as automotive & transportation, building & construction, industrial machinery & equipment, and others. The automotive & transportation segment is likely to hold the most substantial share during the forecast period. The key aspect that drives the segmental growth of the global industrial rubber market includes the emerging focus of the key automakers on electric vehicle manufacturing.

Market Coverage

Market number available for – 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered- By Type, Application, and End-Use Industry
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- JSR Corp., Asahi Kasei Corp., E.I. du Pont de Nemours and Co., Exxon Mobil Corp., Lanxess AG, LG Chem Ltd., Sumitomo Chemical Co. Ltd. and Ube Industries, Ltd. among others

Global Industrial Rubber Market – Segmentation

By Type

Natural
Synthetic

By Application

Tires & Tubes
Hoses, Gaskets, & Seals
Conveyor Belts
Wires & Cables
Others

By End-Use Industry

Automotive & Transportation
Building & Construction
Industrial Machinery & Equipment
Others

Global Industrial Rubber Market – Segmentation by Region

North America

US
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

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