Industrial Rubber Market Insights Emerging Opportunities in Industry by 2026

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

The growth of the global industrial rubber market is driven by an increased demand from the automotive industry and a rise in construction activities worldwide. However, the fluctuating costs of raw materials used in rubber manufacturing pose challenges to market growth. On the bright side, technological advancements are expected to create numerous opportunities for key market players.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/6275

Market Segmentation and Insights

By Type

- Synthetic Rubber: In 2019, this segment held more than three-fifths of the global market share and is expected to maintain its dominance through 2026, with the highest CAGR of 5.7%. The superior abrasion resistance of synthetic rubber compared to natural rubber drives this growth.
- Natural Rubber: The report also covers analysis of the natural rubber segment.

By End Use Industry

- Automotive: This segment accounted for over one-third of the total revenue in 2019 and is anticipated to lead throughout the forecast period, with the fastest CAGR of 6.0%.

- Other Industries: The research also analyzes the construction, electrical & electronics, manufacturing, and other segments.

By Geography

- Asia-Pacific: Expected to capture the highest market share, representing more than one-third of the global market. The region is also projected to witness the highest CAGR of 5.8%, driven by the expansion of manufacturers in China, India, and Japan.

-Other Regions: The study also covers North America, Europe, and LAMEA.

Key Market Players

- 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.
- United Rubber Industries India Private Limited

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

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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 domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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.