Global Industrial Rubber Products Strategic Business Report 2023: Market to Reach $173.9 Billion by 2030 – The Evolution of Rubber Manufacturing Processes and Technologies

DUBLIN, Dec. 8, 2023 /PRNewswire/ — The “Industrial Rubber Products – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

Global Industrial Rubber Products Market to Reach $173.9 Billion by 2030

The global market for Industrial Rubber Products estimated at US$106.1 Billion in the year 2022, is projected to reach a revised size of US$173.9 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2022-2030. Mechanical Rubber Goods, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$71 Billion by the end of the analysis period. Growth in the Rubber Hose & Belting segment is estimated at 7.4% CAGR for the next 8-year period.

The industrial rubber products market is poised for growth, driven by a recovering economy and increasing demand in the automotive sector. The adoption of reclaimed rubber is on the rise, contributing to market expansion. Developing markets are expected to lead the growth, as indicated by regional market analysis.

Mechanical rubber goods continue to dominate the market, and the report provides insights into the market by rubber type, including natural, styrene butadiene, polybutadiene, ethylene-propylene, nitrile butadiene, and other rubber types.

The competitive landscape of the industrial rubber products market is examined, along with recent market activity and select global brands. Key competitors’ market share and their competitive market presence are also highlighted in the report. Overall, the report offers a comprehensive view of the industrial rubber products market, its growth drivers, regional dynamics, and competitive landscape, providing valuable insights for industry stakeholders and businesses in this sector.

The U.S. Market is Estimated at $20.9 Billion, While China is Forecast to Grow at 7.4% CAGR

The Industrial Rubber Products market in the U.S. is estimated at US$20.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$47.5 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.

What`s New?

Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Automotive Industry: Major End-Use MarketReduction in Automotive Demand in 2020 (In Million Vehicles)World Automobile Production in Million Units for 2008-2022Rubber Products Relevant in Automotive OEM & Aftermarket ApplicationsIncreasing Average Life of Vehicles: Fertile Environment for Rubber ProductsAverage Age of Light Vehicles in the United States for the Years 2007, 2011, 2015 & 2019Average Age of Passenger Cars & Light Commercial Vehicles in the United States for the Years 2011, 2015 & 2019Average Age of Vehicles in the EU for the Years 2011, 2015 & 2019Average Age of Passengers Cars in the EU by Select Countries for 2019Relevance of Rubber Products in Construction & Infrastructure SectorGlobal Construction Spending (In US$ Trillion) for 2019, 2020 & 2021Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040Key Applications of Industrial Rubber Products in Construction & Infrastructure ProjectsIndustrial Machinery Trends Influence Rubber Products MarketImportance of Rubber Products in Aerospace ApplicationsOpportunities in Other End-Use MarketsWiper Blades Market: Safety Drives DemandFactors Affecting the Wiper Systems Market – On a Scale of 1-5 Market DriversEnhancements in Wiper Blade MarketVehicular Hose Market: An InsightNew Designs and Superior Performance Qualities Boost MarketGrowing Threat from Substitute Products: The Ongoing ChallengeStiff Competition from Thermoplastic ElastomersTechnological Advancements Lower Demand for Replacement PartsChloroprene Rubber Seeks to Widen Addressable MarketAdhesives Market: Largest Consumer of Chloroprene RubberChloroprene Rubber Vs Other Polymers in Contact Adhesive FormulationsGlobal Adhesives Market by Application (in %): 2020Product Innovations & Advancements Augur WellFord Pioneers Use of Soy Oil-Based RubberEnvironmental IssuesEnvironmental Issues Concerning Rubber Products Manufacturing IndustryMeasures to Prevent Environmental PollutionEnvironmental Concerns Drive Focus onto Recycled ProductsRegulatory EnvironmentEnvironmental Protection Agency (EPA)Occupational Safety and Health Administration (OSHA)ISO Technical Committees (ISO/TCs)An Introduction to Industrial Rubber ProductsMechanical Rubber GoodsRubber HosesRubber BeltingRubber Hose and Belting: A PerspectiveOther Industrial Rubber ProductsFabricated Rubber ProductsWorld Rubber Production and Consumption ScenarioGlobal Rubber Production (2019): Percentage Breakdown of Production Volume by Rubber TypeGlobal Production of Natural and Synthetic Rubber (2019): Percentage Breakdown of Production Volume by Geographic RegionGlobal Rubber Consumption (2019): Percentage Breakdown of Consumption Volume for Natural and Synthetic RubberGlobal Consumption of Natural and Synthetic Rubber (2019): Percentage Breakdown of Consumption Volume by Geographic RegionRubber Manufacturing Processes Undergo Drastic ChangesStages of Rubber ManufacturingManufacturing Processes for Different Industrial Rubber ProductsTypes of RubberMaterial and Technology Analysis

FOCUS ON SELECT PLAYERS (Total 321 Featured)

Federal-Mogul CorporationBridgestone CorporationFreudenberg SEAmp Impex Private LimitedCaledonian Industries Ltd.Dayco Products LLCABG Rubber & Plastics Ltd.ALFAGOMMA SpAAmerican High Performance Seals, Inc.Bando Chemical Industries, Ltd. (Bando Group)Bangkok Synthetics Co., Ltd.Bohra Rubber Pvt., Ltd.Codan Rubber A/SBuchanan Rubber Ltd.As One Corporation

For more information about this report visit https://www.researchandmarkets.com/r/gmgknn

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