The latest industry analysis report published by Reports and Data provides vital data and information relating to the global Industrial Rubber industry and precisely evaluates the forecast market size and revenue growth rate. The study specializes in an in-depth analysis of the key market dynamics including drivers, restraints, opportunities, supply demand ratios, upcoming market trends, technological innovations, and value chain analysis. The report offers numerous Industrial Rubber market projections based on historical and current market data. Moreover, it presents quantitative and qualitative market insights derived through research studies and market surveys.
According to the latest market intelligence report, the global Industrial Rubber market is projected to reach a staggering market size of USD 42.01 Billion by 2028 from USD 30.21 Billion in 2020, registering a steady CAGR of 4.30%. The report offers other vital information related to industry annual sales, regional market outlook, product portfolios, application ranges, shifting consumer tastes preferences, changing production consumption patterns, volatile demand supply graphs, and key industry statistics. The report expounds on the competitive scenario of the Industrial Rubber market and evaluates the current position of each market player using analytical tools including SWOT analysis, Porter’s Five Forces analysis, and Capacity Utilization analysis.
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The global materials chemicals industry has gained impetus over recent years, owing to factors such as rising demand for essential consumer products including food beverages, cosmetics, and personal care hygiene products, and increasing use of chemicals and raw materials in the buildings construction, agriculture, textiles, automotive, packaging, and several other industries. The rising focus of manufacturers on deploying environmentally sustainable materials and chemicals to augment industrial productivity and reduce carbon footprint is a major factor driving the growth of this industry. Rising consciousness about environmental conservation, the introduction of technologically advanced and organic chemical products, and the growing use of high-performance specialty chemicals further boost the industry revenue growth.
The North American region accounted for the second-largest share of 30.3% of the market in 2018. The growing demand for fuel-efficient automotive parts due to environmental concerns and strict regulations is anticipated to drive growth in this region. In the United States, currently, 111 companies are working within the tire and rubber industry. When combined, they are accountable for more than 42,000 direct employment possibilities.
Top Companies Profiled in the Industrial Rubber Market Report:
Sinopec, Lanxess, The Goodyear Tire and Rubber Company, ExxonMobil, Kumho Petrochemical, TSRC Corporation, Nizhnekamskneftekhim, JSR Corporation, LG Chem, Versalis S.P.A., Zeon Corporation, PetroChina, Sibur, Group Dynasol, Kraton Corporation.
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Major Points Covered in the Global Industrial Rubber Market Report:
- Market Coverage: This section of the report provides significant details on key market aspects including the key market segments, product innovation scope, and macro-economic and micro-economic growth indicators. In addition, the report segments the global Industrial Rubber market based on product type, technology landscape, and application range.
- Executive Summary: Under this section, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed.
- Regional Analysis: In this section, the latest report highlights the extensive global presence of the Industrial Rubber market. This section offers key insights into the latest trends in the regional markets including North America, Asia Pacific, Europe, Latin America, and Middle East Africa.
- Competitive Landscape: This section of the report highlights the key players in the global Industrial Rubber market. It further emphasizes the leading products and services offered by these companies.
- Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product catalog, production value and capacity, and other vital information.
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Product Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)
- Mechanical Rubber Good
- Rubber Belt
- Rubber Hose
- Rubber Roofing
- Others
Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)
- Synthetic Rubber
- Natural Rubber
Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)
- Automotive
- Building Construction
- Industrial Manufacturing
- Electrical Electronics
- Others
Process Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)
- Molding Casting
- Extrusion
- Calendaring
- Roller Die
- Coating
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