DUBLIN--(BUSINESS WIRE)--The "Industrial Rubber Products - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Industrial Rubber Products estimated at US$100.1 Billion in the year 2020, is projected to reach a revised size of US$145 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027.
Mechanical Rubber Goods, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$60 Billion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rubber Hose & Belting segment is readjusted to a revised 6.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $19.8 Billion, While China is Forecast to Grow at 6.3% CAGR
The Industrial Rubber Products market in the U.S. is estimated at US$19.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$38.7 Billion by the year 2027 trailing a CAGR of 6.3% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
Other Product Segments Segment to Record 4.6% CAGR
In the global Other Product Segments segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$15.6 Billion in the year 2020 will reach a projected size of US$21.3 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$20.6 Billion by the year 2027, while Latin America will expand at a 4.8% CAGR through the analysis period.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Rubber Production (in Million Tons) for the Years 2012-2019
- Industrial Rubber Products: Recovering Economy to Propel Market Growth
- Futuristic Demand for Automobile to Bode Well for the Market
- Reclaimed Rubber to Witness Increased Adoption
- Regional Market Analysis: Developing Markets to Lead Growth
- World Industrial Rubber Products Market (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
- World Industrial Rubber Products Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Canada, and Japan
- Mechanical Rubber Goods Category Continues to Lead the Market
- Market by Rubber Type
- World Industrial Rubber Products Market by Rubber Type (2020 & 2027): Percentage Breakdown of Sales for Natural, Styrene Butadiene, Polybutadiene, Ethylene-Propylene, Nitrile Butadiene, and Other Rubber Types
- Competitive Landscape
- Recent Market Activity
- Select Global Brands
- Industrial Rubber Products - Global Key Competitors Percentage Market Share in 2022 (E)
2. FOCUS ON SELECT PLAYERS (Total 321 Featured)
- Airboss of America Corp.
- Avon Rubber p.l.c.
- Bando Chemical Industries, Ltd.
- Bridgestone Corporation
- ContiTech AG
- Cooper Standard
- Dayco Products, LLC
- Eaton Corporation
- EnPro Industries, Inc.
- Federal-Mogul Corporation
- Gates Corporation
- Habasit AG
- Hutchinson S.A.
- JSJ Corporation
- Sparks Belting Company
- Meiji Rubber & Chemical Co., Ltd.
- Mitsuboshi Belting Ltd.
- Nichirin Co., Ltd.
- NOK Corporation
- Parker-Hannifin Corporation
- Patch Rubber Company
- Semperit AG Holding
- Sumitomo Riko Company Limited
- Sumitomo Rubber Industries Ltd.
- The Freudenberg Group
- The Yokohama Rubber Company Ltd.
- Toyo Tire Corporation
- Toyoda Gosei Company Limited
- Trelleborg AB
3. MARKET TRENDS & DRIVERS
- Automotive Industry: Major End-Use Market
- Reduction in Automotive Demand in 2020 (In Million Vehicles)
- World Automobile Production in Million Units for 2008-2022
- Rubber Products Relevant in Automotive OEM & Aftermarket Applications
- Increasing Average Life of Vehicles: Fertile Environment for Rubber Products
- Relevance of Rubber Products in Construction & Infrastructure Sector
- Key Applications of Industrial Rubber Products in Construction & Infrastructure Projects
- Industrial Machinery Trends Influence Rubber Products Market
- Importance of Rubber Products in Aerospace Applications
- Opportunities in Other End-Use Markets
- Wiper Blades Market: Safety Drives Demand
- Factors Affecting the Wiper Systems Market - On a Scale of 1-5 Market Drivers
- Enhancements in Wiper Blade Market
- Vehicular Hose Market: An Insight
- New Designs and Superior Performance Qualities Boost Market
- Growing Threat from Substitute Products: The Ongoing Challenge
- Stiff Competition from Thermoplastic Elastomers
- Technological Advancements Lower Demand for Replacement Parts
- Chloroprene Rubber Seeks to Widen Addressable Market
- Adhesives Market: Largest Consumer of Chloroprene Rubber
- Chloroprene Rubber Vs Other Polymers in Contact Adhesive Formulations
- Product Innovations & Advancements Augur Well
- Ford Pioneers Use of Soy Oil-Based Rubber
- Environmental Issues
- Environmental Issues Concerning Rubber Products Manufacturing Industry
- Measures to Prevent Environmental Pollution
- Environmental Concerns Drive Focus onto Recycled Products
- Regulatory Environment
- Environmental Protection Agency (EPA)
- Occupational Safety and Health Administration (OSHA)
- ISO Technical Committees (ISO/TCs)
- An Introduction to Industrial Rubber Products
- Mechanical Rubber Goods
- Rubber Hoses
- Rubber Belting
- Rubber Hose and Belting: A Perspective
- Other Industrial Rubber Products
- Fabricated Rubber Products
- World Rubber Production and Consumption Scenario
- Global Rubber Production (2019): Percentage Breakdown of Production Volume by Rubber Type
- Rubber Manufacturing Processes Undergo Drastic Changes
- Stages of Rubber Manufacturing
- Manufacturing Processes for Different Industrial Rubber Products
- Types of Rubber
- Material and Technology Analysis
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
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