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Rubber Market Size is likely to witness a steady growth from 2018 to 2024 due to increasing tire demand in automobile & transportation industry. Rubber originates from three different sources such as natural, synthetic, and reclaimed rubber. Natural rubber is harvested in the form of latex from trees such as hevea brasiliensis, congo, dandelion and others. It is a natural polymer consisting of organic compound isoprene and water having water proof ability and high resilience and stretch ratio.Rubber market has myriad end use domain such as automobile & transportation, electrical & electronics, construction, packing, etc. Automobile & transportation has gathered enough substantiation to widen the product application matrix owing to the maximum use of rubber in tire industry, and other application such as brakes, flooring, interior of passenger cars, bus, etc. Global tire demand in 2016 was more than 1500 million unit and it is likely to grow in forecast timeframe which in turn will propel the growth of rubber market.
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Industrial application is also deemed to be profitable quotient for product market owing to its unique characteristics such as good weather resistance, insulation property, high stability, flexibility, etc. The use of product in inner lining of equipment, sealant, adhesives, flooring, hoses, pipes, gaskets, roll covering, elevators, geo-membrane, transmission belts, non-flat belt, and other rubber fabricated products will contribute to a healthy growth in rubber market in coming years.
Various rules and regulation of the U.S government regarding emission of hazardous air pollutants such as hexane, styrene, toluene, methanol etc. which is associated with adverse health effects will hamper the rubber market growth. The other factor that will encumber the growth of product market is volatility of oil prices, and decreasing number of rubber plants.
The RubberMarket reports basic table of content consists of,
1. Methodology and Scope
2. Executive Summary
3. Rubber Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2018
3.11. PESTEL analysis
3.14. Regional price trends
4. Rubber Product Insights
5. Rubber Application Insights
6. Rubber Regional Insights
7. Competitor Profiles
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On basis of product, the rubber market is segmented as natural, synthetic, and reclaimed rubber. Synthetic rubber is further classified into styrene butadiene (SBR), butyl (BR), nitrile (NR), ethylene propylene diene (EPDM), silicone, chloroprene polyurethane, fluorocarbon, and others such as acrylic, epichlorohydrin, polysulfide, etc. Among all, the global product market share will be led by synthetic segment, followed by reclaimed rubber.
Based on end-user, rubber market is classified as automobile & transportation, industrial application, electrical & electronics, construction, packaging and others which include HVAC, oil & gas, etc. Rising disposable income of consumer will increase the sales of automotive which will propel the automobile & transportation industry. This will lead to increase in demand for product such as tires, tubes, belts, etc.; hence, escalating the growth of product industry. The use of product in industrial applications as an insulating material, adhesives, sealant, hoses, gaskets, etc. will upsurge the product market growth.
Reasons to Buy This Report:
1. Rubber Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Rubber Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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The key participants in the rubber market are Lanxess, ExxonMobil Chemical Co., LG Chem, Sibur International Gmbh, Carst & Walker, Kuraray Co. Ltd, Karbochem, Reliance Industries Limited, Kraton, Dow Chemicals, BRP Manufacturing Company, Asahi Kasei Corp., Sinopec, Showa Denko, PetroChina Company ltd, etc
Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights
Website: https://www.gminsights.com/industry-analysis/rubber-market
Release ID: 523179
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