Global Industrial Rubber Products Market To Reach $ 136.5 Billion By 2026
Bernice J. Hicks
4 min read
FACTS AT A GLANCE
Editing: 19; Posted: May 2021
Executive commitments: 10762
Companies: 359– Players covered include Airboss of America Corp .; Avon Rubber plc; Bando Chemical Industries, Ltd .; Bridgestone Corporation; ContiTech SA; Cooper standard; Dayco Products, LLC; Eaton Corporation; EnPro Industries, Inc .; Federal-Mogul Corporation; Gates Company; Habasit SA; Hutchinson SA; JSJ Company; Sparks Belting Company; Meiji Rubber & Chemical Co., Ltd. ; Mitsuboshi Belting Ltd .; Nichirin Co., Ltd .; NOK Company; 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 Company; Toyoda Gosei Company Limited; Trelleborg AB and others.
Blanket: All major geographies and key segments
Segments: Product segment (mechanical rubber articles, rubber hoses and belts, other product segments); Type of rubber (natural, styrene butadiene, polybutadiene, ethylene propylene, nitrile butadiene, other types of rubber); End use (automotive, construction and infrastructure, energy, aerospace, other end use)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.
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ABSTRACT-
Global Industrial Rubber Products Market To Reach $ 136.5 billion by 2026
The global industrial rubber products market is expected to register healthy growth in the short and long term. The market, estimated at US $ 100.1 billion in 2020 should reach US $ 136.5 billion by 2026, registering a compound annual growth rate (CAGR) of 5.4% over the analysis period. China represents the largest regional market for industrial rubber products, accounting for an estimated 25.1% share of the world total in 2020. The country is also expected to spearhead growth and become the fastest growing regional market. fast with a CAGR of 6.3% during the analysis period. . The market is expected to grow steadily to evolve as a major regional market for industrial rubber products supported by various factors conducive to healthy growth.
The US market is estimated at $ 20.1 billion in 2021, when China is expected to reach $ 36 billion by 2026
The market for industrial rubber products in the United States is estimated at US $ 20.1 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 36 billion US dollars by 2026, with a CAGR of 6.3% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 4.3% and 4.5% respectively over the period 2020-2027. In Europe, Germany is expected to grow at around 4.9% CAGR.
Segment of mechanical rubber products to reach $ 56.7 billion by 2026 The global market for mechanical rubber articles is estimated at US $ 42.7 billion in 2020, and is expected to reach US $ 56.7 billion by 2026, reflecting a compound annual growth rate of 5.0% over the analysis period. Europe is the largest regional market for the mechanical rubber articles segment, accounting for 25.7% of global sales in 2020. China is on track to record the fastest compound annual growth rate of 5.6% during the analysis period, reaching US $ 12.1 billion by 2027. More
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