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Industrial Rubber Market Worth 33.82 Billion USD by 2022


(, March 21, 2019 ) The report "Industrial Rubber Market by Application (Automotive, Building & Construction, Industrial Manufacturing, Polymer Modification, Wire & Cable, Electrical & Electronics, Bitumen Modification), Type, Product, and Region - Global Forecast to 2022" published by MarketsandMarkets™, is projected to grow from USD 26.99 Billion in 2017 to USD 33.82 Billion by 2022, at a CAGR of 4.6% from 2017 to 2022. The growing demand from the automotive and building & construction industries in the Asia Pacific acts as a key growth driver for the Industrial Rubber Market, as the region has the largest number of automotive production plants globally and is witnessing significant infrastructural developments.

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Based on type, the synthetic rubber segment is projected to lead the Industrial Rubber Market in 2017.

Based on type, the synthetic rubber segment is expected to lead the Industrial Rubber Market in 2017. The growing automotive industry is driving the synthetic rubber segment. The demand for fuel efficiency, lightweight vehicles, and eco-friendly automotive components is driving the automotive industry to adopt eco-friendly industrial rubbers. This, in turn, is increasing the demand for synthetic rubber.

Based on application, the automotive segment is expected to lead the Industrial Rubber Market from 2017 to 2022.

Based on application, the automotive segment is expected to lead the Industrial Rubber Market during the forecast period, as most of the emerging economies such as India, Chain, South Korea, and other South-Asia countries, are witnessing significant growth in the automobile and automotive component production. China is a market leader, in terms of industrial rubber consumption. In the automotive industry, industrial rubber is used in applications such as brakes, fuel seals, chassis, headlight seals, electrical, hoses, grommets, HVAC, engine gaskets and seals, and exhaust hangers.

Don't miss out on business opportunities in Industrial Rubber Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "Industrial Rubber Market"
131 - Market Data Tables
36 - Figures
150 - Pages

Asia Pacific Industrial Rubber Market is projected to grow at the highest CAGR from 2017 to 2022.

The Asia Pacific region is a lucrative market for industrial rubbers. The Asia Pacific Industrial Rubber Market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific Industrial Rubber Market can be attributed to the continuously increasing demand for vehicles, automotive components from the aftermarket, and significant infrastructural development. The building & construction sector in the Asia Pacific region is growing, thereby leading to the increased demand for industrial rubber from the region. This, in turn, is fueling the growth of the Asia Pacific Industrial Rubber Market.

LANXESS (Germany), Sinopec (China), Goodyear Tire and Rubber Company (US), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), Nizhnekamskneftekhim (Russia), JSR Corporation (Japan), LG Chem (South Korea), Versalis S.p.A. (Italy), and ZEON Corporation (Japan), among others, are the key players operating in the Industrial Rubber Market across the globe.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Shelly Singh


Source: EmailWire.Com

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