𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐑𝐮𝐛𝐛𝐞𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝟐𝟎𝟑𝟏 𝟐𝟎𝟑𝟏
The global industrial rubber products market was valued at over US$124.3 billion in 2021
It is estimated to grow at a CAGR of 5.8% from 2022 to 2031
The global market for industrial rubber products is expected to surpass $218.4 billion by the end of 2031
𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 – https://www.transparencymarketresearch.com/industrial-rubber-products.html
𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐑𝐮𝐛𝐛𝐞𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
According to the latest report released by Transparency Market Research, the global industrial rubber products market is expected to grow at a significant rate during the forecast period, driven by rising demand for rubber products across various industries in end use such as automotive, industrial, and electrical. In oil and gas applications, industrial rubber products such as blowout preventers, inflatable water preventers, drill seals, pipe protectors, inflatable preventers, wellhead seals and downhole plugs are used.
The rubber retains excellent physical properties, especially in a mixed environment of oil and coolants. It can be widely used in belt applications, sealing applications, oil pan gaskets, drain plug gaskets and water pump gaskets, due to its superior dynamic properties, loss minimum hardness and its modulus with increased temperature. It offers excellent heat and fluid resistance, allowing for extended life at high temperatures.
𝐑𝐢𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐢𝐧, 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐞𝐜𝐭𝐨𝐫𝐬
Automotive companies are focused on increasing vehicle performance by replacing traditional engines with high-performance overhead cam engines and multi-valve designs. The combination of synthetic rubber’s physical and chemical properties, along with its high performance at low temperatures, make it ideal for under-the-hood applications. Synthetic rubbers such as nitrile butadiene rubber and polychloroprene can be widely used in dynamic and static seals, belts and hoses, due to their good static and dynamic properties at operating temperatures and good retention properties under continuous exposure to heat.
New material grades with improved low temperature flexibility extend the service temperature range of synthetic rubbers, enabling new applications in seals and mounts. For example, hydrogenated nitrile butadiene rubber (HNBR) is primarily used in gaskets and castings for car engines that run on new fuels such as rapeseed oil methyl ester. Synthetic rubber compounds provide excellent mechanical properties and resistance to heat, oil and fluids in many demanding automotive applications. It is also suitable for environmental housing seals exposed to oil and O-rings for equipment exposed to extreme environments.
Reclaimed rubber produced from rubber through a multi-step process is environmentally friendly and more economical than natural and synthetic rubber, thus widely used in adhesives, tire inner lining, etc.
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐔𝐬𝐞 𝐨𝐟 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 & 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
Rising construction activities across the globe are expected to help expand the market for industrial rubber products. In the construction sector, there is an increasing demand for rubber products due to their excellent temperature, environmental and water resistance properties. Rubber can be used in the manufacture of window seals, bearings, expansion joints, face seals, belts and industrial rubber sheets. These favorable properties have increased the market demand and supply of rubber products in the construction industry.
According to the European Construction Industry Federation (FIEC), the global construction industry is expected to reach US$8 billion by 2030. China, the United States and India are expected to be top regions. plan on the industrial rubber products market. Rising infrastructure development activities and residential construction projects in India are fueling the growth of the market. Thus, the growing urban population in countries like India and China creates opportunities for companies operating in the industrial rubber products market.
The construction industry in Europe is expected to grow at a significant rate during the forecast period, thereby driving the demand for industrial rubber products and the growth of its market.
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐢𝐧 𝐄𝐧𝐝-𝐮𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬
In terms of rubber type, the industrial rubber products market has been divided into natural rubber, styrene butadiene rubber, polybutadiene, ethylene propylene, nitrile butadiene rubber and others.
Natural rubber is widely used in the manufacture of many products used in different industries due to its strength, flexibility and excellent abrasion resistance. Natural rubber has low hysteresis, which results in low heat generation. This helps maintain the integrity of belts and hoses; and extends retreadability. It also has low rolling resistance, which increases fuel economy.
Additionally, styrene-butadiene rubber is widely used in the automotive industry to make various parts of a vehicle. Styrene-butadiene rubber is more cost effective than other types and offers improved strength, abrasion resistance and compounding compatibility. Nitrile butadiene rubber has high resilience and wear resistance, but poor resistance to aromatic oils. NBR, or Nitrile Synthetic Rubber, is considered the workhorse of rubber products for automotive and other industrial units.
𝐌𝐨𝐥𝐝𝐞𝐝 𝐑𝐮𝐛𝐛𝐞𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐭𝐨 𝐇𝐨𝐥𝐝 𝐒𝐡𝐚𝐫𝐞 𝐒𝐡𝐚𝐫𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐑𝐮𝐛𝐛𝐞𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭
Based on the process, the industrial rubber products market has been categorized into molded, extruded, fabricated, latex-based, and others.
Molded rubber products are expected to occupy a dominant position in the global rubber products market. Different rubber molding processes such as transfer molding, injection molding, and compression molding are popular among end-use industries because they provide tighter dimensional tolerance control. Injection molding is the most precise method for shaping rubber and is mainly used in the mass production of rubber. Transfer molded rubber products provide design flexibility and allow for cleaner edges. Extruded, fabricated, and latex-based are other methods used for the production of rubber. Extruded rubber products can be produced neatly and uniformly.
A variety of shapes can be produced according to industry requirements. Thanks to the latex process, large parts can be manufactured without large investments in tooling. It is a time consuming process, however, these products have good abrasion resistance.
𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭
The Asia-Pacific industrial rubber products market is expected to account for a major market share during the forecast period. The expansion of the Asia-Pacific market can be attributed to the growth of the automotive industry in countries like China, South Korea, and India. Rubber is used in fluid transfer systems, body sealing systems, transmission systems and automotive anti-vibration systems in the automotive industry.
The growth of the construction industry in North America is driving the industrial rubber products market in the region. Rubber is widely used in applications such as industrial rubber roofing and windows in the construction and infrastructure sector. The rapid increase in construction activity in the United States and Canada, the expansion of the residential sector due to lower borrowing costs and the increase in consumer purchasing power are fueling the demand for new housing.
Rising sales of passenger cars due to low interest rates are expected to drive the industrial rubber products market in Latin America during the forecast period.
𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐬
Companies operating in the global industrial rubber products market are focusing on M&A strategies and expanding product portfolios. The major players in the industrial rubber products market are Parker Hannifin Corporation, Carlisle Companies Inc., Bridgestone Corporation, The Goodyear Tire & Rubber Company, Cooper-Standard Holdings Inc., Continental AG, Eaton, Freudenberg Group, Nok Corporation, The Yokohama Rubber Co., Ltd., and Sumitomo Riko Company Limited.
Each of these players has been profiled in the Industrial Rubber Products Market report on the basis of parameters such as company overview, financial overview, business strategies, product portfolio, product segments activity and recent developments.
Transparency Market Research, a global market research firm registered in Wilmington, Delaware, USA, provides personalized research and advisory services. The company examines the factors that shape demand dynamics in various markets. Market insights and insights assess opportunities in various segments. Opportunities in segments based on source, application, demographics, sales channel, and end-use are analyzed which will determine the growth of the markets over the next decade.
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