Industrial Rubber Products Market Estimated to Reach US$ 79,565.64 Mn by 2024: Transparency Market Research

ALBANY, New York, April 11, 2017 /PRNewswire/ --

Transparency Market Research has released a new market report titled "Industrial Rubber Products (Rubber Type - Natural Rubber, Styrene Butadiene Rubber, Polybutadiene, Ethylene-propylene, Nitrile Butadiene Rubber, Others ; Product - Mechanical rubber goods, Rubber hose, Rubber belts, Rubber roofing, Others ; Technology - Tire Manufacturing , Tube Manufacturing , Molded Product Manufacturing , Extruded/Calendared Product Manufacturing, Fabricated Product Manufacturing, Latex Based Product Manufacturing, Others; End use -Construction, Automotive, Aerospace, Others) Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024." According to the report, the global Industrial Rubber Products market was valued at US$ 47,793.84 Mn in 2015 and is projected to reach US$ 79,565.64 Mn by 2024, expanding at a CAGR of 5.8% between 2016 and 2024.

Industrial rubber products industry comprises plethora of rubber products such as automobile tires, inflatable rafts, conveyor belts, hose, rubber roofing and many other rubber related products. Tires are the principal product of industrial rubber products industry. Tires are used in large numbers on automobiles, aircrafts and bicycles. Rubber products are manufactured in two stages. In first stage, the rubber goods are manufactured either by natural rubber or from the petroleum products. In second stage, the processing of rubber takes place to produce finished goods. On the basis of rubber, the industrial rubber products market has been classified into: Natural rubber, Styrene Butadiene Rubber, Polybutadiene, Ethylene-propylene, Nitrile Butadiene Rubber and others.

Natural rubber holds the major share in industrial rubber products market owing to its extensive use in the manufacture of automobile tires all over the world. However, with the technology advancement and fluctuations in raw material prices, synthetic rubbers such as Styrene Butadiene Rubber, Nitrile Butadiene Rubber, and Ethylene-propylene are expected to grow at a significant rate during the forecast period. The market for industrial rubber products also covers various technologies such as: tire manufacturing, tube manufacturing, molded product manufacturing, extruded/calendared product manufacturing, fabricated product manufacturing, latex based product manufacturing and others.

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In terms of products, the industrial rubber product market covers: Mechanical rubber goods, rubber hose, rubber belts, rubber roofing and others. Mechanical rubber goods witnessed the largest demand in 2015 and are expected to remain the key product segment through 2024. Mechanical rubber goods are employed heavily in automobile vehicles and the growth of the segment is largely attributable to the increasing motor vehicle output. Rubber roofing is expected to grow at a promising rate due to the extensive use of rubber roofing product in commercial and residential buildings. With revival of construction industry, the rubber roofing segment is expected to witness huge growth during the forecast period In terms of end use, industrial rubber products market is largely driven by the automotive sector. Numerous rubber related products finds applications in interior, structural and under the hood applications of an automobile.

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Key players profiled in the Industrial Rubber Products market include Bridgestone Corporation, Cooper Standard Inc., Continental AG, Freudenberg Group, The Goodyear Tire & Rubber Company, HEXPOL AB, AirBoss Rubber Compounding, Gates Corporation, TOYODA GOSEI Co., Ltd., SaarGummi, HENNIGES AUTOMOTIVE, Trelleborg AB, Johns Manville, HUTCHINSON, NOK CORPORATION, Parker Hannifin Corp, Sumitomo Riko Company Limited, Preferred Compounding Corporation, Eaton, Delphi Automotive LLP, Myers Industries, Inc., The Yokohama Rubber Co., Ltd.

The report segments the global Industrial Rubber Products market as follows:

Industrial Rubber Products Market: Rubber Type Analysis 

• Natural Rubber
• Styrene Butadiene Rubber
• Polybutadiene
• Ethylene-propylene
• Nitrile Butadiene Rubber
• Others

Industrial Rubber Products Market: Product Analysis 

• Mechanical rubber goods
• Rubber hose
• Rubber belts
• Rubber roofing
• Others

Industrial Rubber Products Market: Technology Analysis 

• Tire Manufacturing
• Tube Manufacturing
• Molded Product Manufacturing
• Extruded/Calendared Product Manufacturing
• Fabricated Product Manufacturing
• Latex Based Product Manufacturing
• Others

Industrial Rubber Products Market: End use Analysis 

• Construction
• Automotive
• Aerospace
• Others

Industrial Rubber Products Market: Regional Analysis 

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • U.K.
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC
  • Egypt
  • South Africa
  • Rest of MEA

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• Rubber Processing Chemicals Market: http://www.transparencymarketresearch.com/rubber-processing-chemicals-market.html

About TMR 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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SOURCE Transparency Market Research