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Industrial Rubber Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023

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Industrial Rubber Market Research Report- Forecast to 2023

Industrial Rubber Market - Overview Rubber is a hydrocarbon polymer occurring as a milky latex in the sap of various plants and can also be manufactured synthetically. Some of the physical properties of rubber include abrasion resistance, tear resistance, compression set, elongation, tensile modulus & strength, hardness, and others.

The increasing demand for rubber from the automotive industry is driving the Global Industrial Rubber Market. Majority of Industrial Rubber is consumed by the tire manufacturing industry, which is used in automobiles, trucks, buses, tractors, military vehicles, and others. Furthermore, rapidly growing urbanization in Asia Pacific is expected to drive the demand for Industrial Rubber in building & construction industry. Apart from the tire applications, penetration of rubber in non-tire rubber products is expected to grow substantially during the forecast period, especially in the automotive industry. Mechanical automotive rubber components such as hoses, seals, gaskets, vibration control devices and wiper blades are some of the major revenue generating rubber products to look out for. Furthermore, an emerging vehicle parc, especially in the developing nations, has witnessed a subsequent growth in the automotive aftermarket, which is further propelling the demand for Industrial Rubber products.

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Industrial Rubber Market Research Report- Forecast to 2023 Segmentation The Global Industrial Rubber Market is segmented by Type, Product, Product Processing, End-Use Industry and Region. Industrial Rubber occurs naturally or can be commercially synthesized. Natural Rubber is obtained from tree Hevea brasiliensis, the polymer content of which depends on a variety of factors such as weather, soil type, geographical area, and others. Various grades of Natural Rubber are a ribbed smoked sheet, air-dried sheet, and pale crepe rubber. However, Synthetic Rubber can be formed using crude oil by-products through emulsion polymerization techniques. Also, they contain lesser impurities, and their properties can be adjusted accordingly. Thus, the synthetic type industrial rubber is the leading segment. The Global Industrial Rubber Market is segmented on the basis of the product into tires, seals, shock-absorbing parts, conveyor belts, hoses, roofing, adhesives & sealants, sports equipment, and others. Among these, the tires segment is leading the Global Industrial Rubber Market owing to the increasing sale of automotive, especially in the emerging economies. The products formed by the rubber are processed using the various processes such as extrusion, roller dies calendering, coating, molding & casting. Among these, the roller die is the leading segment as it offers the better quality product as compared to the extrusion and calendering process. The End-User Industry segment includes automotive, building & construction, industrial manufacturing, electrical & electronics, and others. The high demand for rubber tires from the automotive industry is the major driver of the market growth. Also, the shifting focus towards the manufacturing of tires with increased fuel economy is expected to propel the demand for eco-friendly automotive. Following automotive, the building & construction segment accounts for the second largest market share and is projected to fuel the market growth due to the fast-paced urbanization in the emerging countries. 3

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Industrial Rubber Market Research Report- Forecast to 2023 Regional Analysis The Global Industrial Rubber Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific accounted for the largest market share in 2016 on account of the high demand for Industrial Rubber from major end-use industries such as automotive, construction, and electronics.

North America accounted for the second largest market in 2016 on account of high demand for Industrial Rubber from the reviving construction, and automotive industries. Europe is expected to grow considerably due to high production and sales of automotive parts and the high investment in healthcare. Latin America and the Middle East & Africa are projected to witness significant growth owing to the growing automotive and infrastructure industry in respective regions.

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Industrial Rubber Market Research Report- Forecast to 2023 Major Players in this Research Industrial Rubber Market Prominent Players:  LANXESS (Germany)

 Bridgestone Corporation (Japan)  LG Chem (South Korea)  Sinopec (China)  The Goodyear Tire & Rubber Company (U.S.)  KUMHO PETROCHEMICAL (South Korea)

 TSRC (Taiwan)  JSR Corporation (Japan)  Versalis S.p.A. (Italy)  PJSC "Nizhnekamskneftekhim" (Russia)  ZEON CORPORATION (Japan) Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/6083

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Industrial Rubber Market | Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast  

Global Industrial Rubber Market Information: By Type (Natural, Synthetic), Product (Tires, Seals, Hoses), Product Processing (Extrusion, Cal...

Industrial Rubber Market | Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast  

Global Industrial Rubber Market Information: By Type (Natural, Synthetic), Product (Tires, Seals, Hoses), Product Processing (Extrusion, Cal...

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