This report was recently updated on July 20 2024 with the latest and most recent
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Industrial Rubber Products Market Size, Trends & Analysis – Forecasts to 2026 By Rubber Type (Natural Rubber, Synthetic [Elastomers {EPM/EPDM}, Silicon Rubber, Butyl Rubber {IIR Isobutylene-Isoprene rubber}, Ethylene-Propylene, Liquid Silicone Rubbers {LSR}]), By Product Type (Hoses, Conveyor belts, Sealing Products, Others), By End-Use (Construction, Manufacturing, Aerospace, Automotive, Others), By Region (North America, Europe, Asia Pacific, MEA, and CSA, Competitive Landscape
The usage of rubber is known to exist in industrial applications from the very beginning of the industrial era. It is used for varied industrial applications as well as household applications such as matting, flooring, belts, tiers, and tubes. As rubber is highly exploited in tires and tubes, which is an essential part of the automobile industry, it would add to the indirect growth of the rubber product market.
The global industrial rubber products market is expected to grow with a CAGR of 5.2% during the forecast period (2021-2026). The major factors responsible for the market demand are the increasing production and sale of automobiles, rising demand for eco-friendly rubber, and vigorous economic view for the Asia Pacific region.
The two rubber types include natural and synthetic rubber (elastomers [EPM/EPDM], and butyl rubber [IIR isobutylene-isoprene rubber] among others. The synthetic rubber segment is expected to lead the market demand. This can be derived by a wide range of use of synthetic rubber in the form of abrasion-resistant in automobile application, latex form used in carpet manufacturing, and other types of rubber used in roll covering, belts, and conveyors.
As per the study based on product type the market can be divided into hoses, conveyor belts, sealing products, and others. The hoses segment is estimated to dominate the market due to the increased manufacturing of automobiles which is expected to use the highest amount of rubber products in the forecast period.
Given the end-use, the market is split into automotive, aerospace, construction, and others. The automotive segment is estimated to dominate the market as industrial rubber offers stiffness and abrasion resistance making it the ideal replacement for wood, glass, and metal.
Asia Pacific region will grow rapidly in this market due to the rising demand for industrial rubber from end-users such as industrial manufacturers, automotive, and building and construction in the forecast period [2021-2026]. Whereas, the North American region will emerge as a dominating player due to the rising consumption of rubber products in the automotive and footwear industries.
Greenville Industrial Rubber & Gasket Co., Cooper Standard Automotive Inc., Yokohama Rubber Company Ltd., Bridgestone Corp., Continental AG, Carlisle Companies INC., Eaton Corp., and Delphi Corp. among others are the players accounting for a significant market share.
Please note: This is not an exhaustive list of companies profiled in the report.
In January 2021, Goodyear Tire and Rubber Company and ConMet collaborated to create a digital solution for the fleets to remotely monitor their vehicles in real-time, improve decision making to improve vehicle safety and maximize efficiency.
In January 2021, Bridgestone Corp. held a digital exhibition to showcase their innovations that would give power to sustainable mobility in the future.
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The Global Industrial Rubber Products Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Industrial Rubber Products Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
![Industrial Rubber Products Market Size, Trends & Analysis – Forecasts to 2026 By Rubber Type (Natural Rubber, Synthetic [Elastomers {EPM/EPDM}, Silicon Rubber, Butyl Rubber {IIR Isobutylene-Isoprene rubber}, Ethylene-Propylene, Liquid Silicone Rubbers {LSR}]), By Product Type (Hoses, Conveyor belts, Sealing Products, Others), By End-Use (Construction, Manufacturing, Aerospace, Automotive, Others), By Region (North America, Europe, Asia Pacific, MEA, and CSA, Competitive Landscape](https://www.globalmarketestimates.com/images/cat/Chemicals & Advanced Material.png)
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