Industrial Rubber to gain significance in the APEJ region in the near future

There are two types of industrial rubbers, natural and synthetic. Reusability, as well as the superior capacity of suspension further, fits them in nearly every industry across the globe. Further, rising consumption of rubber in the tires manufacturing industry is ominously driving the worldwide market for industrial rubber. The key usage of industrial rubber is in the manufacturing of bicycles, trucks, aircraft and other automobiles. Industrial rubber has also found its use in gaskets, conveyor belts, sealing products, and hoses.

When purified, natural rubber is the chemical polyisoprene. Further, the chemical can be used in the production of synthetic rubber. Synthetic rubber is further used expansively in numerous applications and products. According to a report, the worldwide market for industrial rubber is expected to grow at the lucrative CAGR of 6.1% and will reach US$ 168 billion by the end of the forecast period (2016-2026). The volumes are likely to exceed at the CAGR of around 5.6% during the aforementioned predictable period. Industrial rubber significantly contributes in controlling abrasion-based damages. It is estimated that over 55 metric tons of industrial rubber will be exploited around the world by the end of 2026.

Request to view Table of content

Automotive and Transportation Segment to Grab Significant Shares

Expansion in overall construction production is said to considerably contribute towards the industry growth in the coming years. Along with this rising technological advancements in order to enhance the large-scale production of industrial rubber will notably drive the market demand in the coming times. Although, severe government rules allied with the production, usage, and dumping may act as the restraining factor to the growth. Also, fluctuating raw rubber prices may curb the growth in the coming times.

The automotive & transportation segment was assessed to account for 41.9% share of the total industrial rubber market by 2016 end. It will further grow lucratively terms of CAGR and market share in the coming times. On the other hand, the industrial machinery & equipment segment is estimated exceed substantially during the predictable period. This owes to the swelling usage of industrial rubber in belting applications such as conveyor belts and also in agriculture and construction machinery. By the end of 2026, it will rise at the substantial CAGR of 29.7%. Furthermore, the revenues of building & construction segment will account for more than 19% of the total shares and will further register a sluggish demand.

Regional Study

Geographically, on the basis of production and consumption, APEJ is currently the leading market for industrial rubber. The rising manufacturing of bicycle and manufacturing tires in the region will further drive the market demand. Many stakeholders in the region are also using industrial rubber in the manufacturing of truck and car tires, thus, propelling the market for industrial rubber.

Request to view Sample Report @

There is a robust market for automobiles used for commercial purposes in evolving markets such as India, Sri Lanka and Bangladesh. This is driving the growth in the manufacture and sales of heavy vehicles such as buses and trucks. In addition to this, many investors are displaying interest in the manufacture of truck and bus tires.

The Middle East & Africa (MEA) industrial rubber revenues will register an extensive growth during the assessment period with the lucrative CAGR of 6.6%.

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

Persistence Market Research is a global market research firm specializing in syndicated research, custom research, and consulting services At Persistence Market Research (PMR), we are in the business of accelerating your business. As a full-service market research firm, we stand committed to bringing more accuracy and speed to your business decisions. From ready-to-purchase market research reports to customized global research solutions, our engagement models are highly flexible without compromising on our deep-seated research values. Briefly stated, our mission is to give you access to forecasts and trends analyses that put you on the path to profitability. Our expertise across multiple market research domains such as Healthcare, Biotechnology, Pharmaceutical, Medical Devices, Chemicals and Materials, Food and Beverages, Consumer Goods, and Shipping and Transportation, gives us a definitive edge. Every research project that we undertake draws from this multi-disciplinary expertise, helping us share information and data that corresponds precisely to your needs. The end result: You can make accurate decisions faster.

No comments.

Leave a Reply

You must be logged in to post a comment.