Rubber Molding Market for Automotive Worth 40.5 Billion USD by 2020
PUNE, India, December 8, 2015 /PRNewswire/ --
The report "Rubber Molding Market for Automotive Components & Sub-Components (Rings, Weather-strips, Gaskets, Seals, Hoses, Grommets, & Bellows), Material (EPDM, NR, SBR & Others), Vehicle Type (Passenger car, LCV & HCV), & by Region - Global Trends & Forecast to 2020", The market, in terms of value, is projected to grow at a CAGR of 5.20% from 2015 to 2020, to reach a market size of USD 40.5 Billion by 2020.
Browse more than 146 market data Tables with 49 Figures spread through 270 Pages and in-depth TOC on "Rubber Molding Market"
http://www.marketsandmarkets.com/Market-Reports/automotive-rubber-molding-market-38848297.html
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The market report defines and segments the Automotive Rubber Molded Components Market with an analysis and forecast of the global market size, by volume and value.
The growing demand for lightweight materials, increasing vehicle production, and technological advancements are some of the key drivers fueling the growth of the global Automotive Rubber Molded Components Market.
EPDM: Promising market for Automotive Rubber Molded Components
The report segments the Automotive Rubber Molded Components Market on the basis of material into ethylene propylene diene terpolymer (EPDM), natural rubber (NR), styrene-butadiene rubber (SBR), and others (polychloropene and nitrile rubber). EPDM is one of the largest contributors to the Automotive Rubber Molded Components Market. The demand for EPDM will therefore be significantly influenced by its adoption in automotive applications. Several research organizations and automotive giants are currently working towards improving EPDM compounds as well as processing techniques. For Instance, Dutch State Mines (The Netherlands) developed an advanced analytical method to quantify the level of long chain branching to obtain an EPDM polymer structure, from which the level of long chain branching can be derived. According to existing research study and development programs, EPDM materials provide shorter cycle times, and EPDMs with even better low and high temperature properties are a distinct possibility. Moreover, the family of EPDM compounds will be extended to include candidates that are much stiffer, impact-resistant pseudo structural, and fit for use in both, low- and high-abuse applications. This has resulted in the increasing penetration of EPDM in the automotive industry.
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Asia-Oceania: One of the major markets for automotive rubber molded components
The report segments the Asia-Oceania region into China, India, Japan, South Korea, and other countries. The sizeable population and government support for foreign direct investments (FDIs) has boosted the growth of the automotive industry in the region. China is the largest market for automotive rubber molded components in terms of both, value and volume. The Chinese market is currently witnessing an increase in the sales of and demand for automobiles, as the economy and spending capability of the population is growing. Recent infrastructural developments have boosted the growth of commercial vehicles. This can be substantiated by the recent investments made by the Chinese government towards the New Silk Road Economic Belt and the 21st Century Maritime Silk Road. However, pollution levels in the country have increased in conjunction with production levels, worsening the urban air quality. The government is therefore promoting the adoption of vehicles with lower emissions and higher fuel efficiency. Alternatively, Japan has a technologically advanced automotive market, with consumers indicating a preference for small cars owing to their fuel efficiency and lower carbon emissions. According to the Japan Automobile Manufacturers Association (JAMA), as of 2015, auto manufacturing has generated employment for about 5.5 million people in Japan. Japan-based OEMs, such as Honda Motor Company, Ltd., Mitsubishi Motors Corporation, and Toyota Motor Corporation, have successfully established a global footprint through their focus on high-quality and fuel-efficient vehicles.
The report covers all the major players in the global Automotive Rubber Molded Components Market that includes companies such as Continental AG (Germany), Federal Mogul Corporation (U.S.), Cooper Standard Holdings Inc (U.S.), Sumitomo Riko Co. Ltd. (Japan) & Freudenberg & Co. KG (Germany).
The report covers the Automotive Rubber Molded Components Market, in terms of volume ('000 units & '000 tons) and value (USD million). It explains the qualitative and quantitative aspects of the Automotive Rubber Molded Components Market on the basis of region, components, material, and vehicle type from 2015 to 2020. It also provides an overview of technical factors and other important aspects of the Automotive Rubber Molded Components Market.
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