- Global competitiveness and percentage market shares of main competitors
- Market presence in multiple geographies – Strong/Active/Niche/Trivial
- Peer-to-peer collaborative online interactive updates
- Access to our digital archives and the MarketGlass research platform
- Free updates for one year
Editing: 20; Published: February 2022
Executive Pool: 10762
Companies: 321 – 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 Corporation; Habasit SA; Hutchinson SA; JSJ Corporation; Sparks Belting Company; Meiji Rubber & Chemical Co., Ltd. ; Mitsuboshi Belting Ltd. ; Nichirin Co., Ltd. ; NOK Company; Parker-Hannifin Corporation; Patch Rubber Company; Semperit SA 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 and others.
Blanket: All major geographies and key segments
segments: Product segment (mechanical rubber products, 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 uses)
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.
Free Project Preview – This is an ongoing global program. Preview our research program before making a purchasing decision. We provide free access to qualified executives in strategy, business development, sales and marketing, and product management roles at featured companies. Insights provide insider access to business trends; competing brands; profiles of experts in the field; and market data models and much more. You can also create your own bespoke report using our MarketGlass™ platform which offers thousands of bytes of data with no obligation to purchase our report. Registry overview
Global Industrial Rubber Products Market to Reach $136.5 billion by 2026
The industrial rubber products market includes manufacturers engaged in the production of goods by processing rubber (natural, synthetic or reclaimed). These companies use a variety of processes such as cementation, vulcanization, extrusion, lathe cutting, and casting to turn raw material into intermediates or finished products. Major industrial applications of rubber include hoses, gaskets, conveyor belts, and sealants, which find use in several applications due to benefits such as better endurance to extreme environments and increased durability. Industrial rubber products also exhibit corrosion resistance against alkalis, chemicals and acids, allowing their use in a variety of industrial applications. The growth of the global market is expected to be driven by the resumption of growth in the automotive industry and increased manufacturing activity in various verticals, including construction machinery and home appliances. The growth of the industrial rubber products market will also be driven by the growth in the product application base and the relative ease of processing of various products. Considering its high tear resistance and elongation property, rubber is also widely used in the production of adhesives and sealants for various industries. Advances in production technologies used for industrial rubber products will also drive growth. The development of industrial products made from recycled rubber has succeeded in partially solving the environmental and health problems concerning the toxicity and emissions of chemicals and rubber products.
Amid COVID-19 crisis, Global Industrial Rubber Products Market Estimated at US$106.1 billion in 2022, is expected to reach a revised size of US$136.5 billion by 2026, growing at a CAGR of 5.4% over the analysis period. Mechanical Rubber Products, one of the segments analyzed in the report, is expected to register a CAGR of 5% and reach 60 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of the Rubber Hoses & Belts segment is readjusted at a revised CAGR of 6.3% for the next 7-year period. Globally, the industrial rubber products market is currently heavily impacted by the COVID-19 environment, slow pace of industrialization and sluggish income levels, which have held back manufacturing activity. After the pandemic period, improved living standards are expected to support sales of automobiles and durable goods containing industrial products, thereby driving long-term demand for industrial rubber products used by OEMs and those used in operations. maintenance and repair. Over the next few years, the demand for industrial rubber products is expected to increase in various end-use sectors such as construction, aerospace, mining and forestry, OEM and replacement, household appliances and computer equipment. and office.
The US market is estimated at $20.9 billion in 2022, when China is expected to reach $36 billion by 2026
The industrial rubber products market in the United States is estimated at US$20.9 billion in the year 2022. Chinathe second largest economy in the world, 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 predicting growth of 4.3% and 4.5% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 4.9%. Asia Pacific (including Japan and China) is the global market leader in industrial rubber products, with China, India, Malaysiaand South Korea being the main consumers of the products due to construction activities and demand for automobiles. The availability of rubber has increased due to its widespread cultivation in India. The industrial rubber products market in the country has particularly benefited from government-authorized 100% FDI in the mining industry and for the exploration of non-metallic and metallic minerals. North America is another key market for industrial rubber products, mainly driven by strong growth in the construction industry in the United States and Canada. The market in the United States is expected to grow in the future, driven by the expansion of construction and automotive industries and the increase in production in the chemical sector after the COVID-19 scenario. The market will benefit from the expected growth in demand for tires in the country, owing to the increase in sales of various types of vehicles. Furthermore, increasing adoption of premium products and emergence of new and sophisticated rubber products are expected to drive the market growth in the future.
Natural rubber segment to reach $40.5 billion by 2026
In the global natural rubber segment, United States, Canada, Japan, China and Europe will drive the CAGR of 4.9% estimated for this segment. These regional markets representing a combined market size of US$22.8 billion will reach a projected size of US$32.7 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$5.5 billion by 2026, while Latin America will grow at a CAGR of 5.5% over the analysis period.
Our MarketGlass™ platform is a free comprehensive knowledge center that can be custom configured to meet the intelligence needs of today’s busy business executives! This interactive, influencer-focused research platform is at the heart of our core research engagements and draws on the unique perspectives of participating executives from around the world. Features include – enterprise-wide peer-to-peer collaborations; overviews of research programs relevant to your business; 3.4 million profiles of experts in the field; profiles of competitive companies; interactive research modules; custom report generation; follow market trends; competing brands; create and publish blogs and podcasts using our primary and secondary content; follow domain events around the world; and much more. Client companies will have privileged access to the project’s data stacks. Currently used by over 67,000 domain experts worldwide.
Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our mobile application which has just been released on iOS Where android
About Global Industry Analysts, Inc. and StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving over 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for over 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
E-mail: [email protected]
Join our group of experts
Connect with us on LinkedIn
Follow us on twitter
Journalists and media
SOURCE Global Industry Analysts, Inc.