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PUBLISHER: SkyQuest | PRODUCT CODE: 1461613

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PUBLISHER: SkyQuest | PRODUCT CODE: 1461613

Global Industrial Rubber Market Size, Share, Growth Analysis, By Type(Natural Rubber, Synthetic Rubber), By Application(Automotive, Construction) - Industry Forecast 2024-2031

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Global Industrial Rubber Market size was valued at USD 32.76 billion in 2022 and is poised to grow from USD 34.24 billion in 2023 to USD 48.73 billion by 2031, growing at a CAGR of 4.51% during the forecast period (2024-2031).

The global industrial rubber market has witnessed steady growth recently, with this analysis aiming to delve into its driving factors, industry trends, and future growth opportunities. Key among these drivers is the escalating demand across diverse end-use sectors, notably the automotive industry, where rubber finds extensive application in tire manufacturing and various automotive components like belts, hoses, seals, and gaskets. Additionally, the burgeoning automotive sector, particularly in emerging economies, coupled with the manufacturing industry's substantial reliance on rubber for conveyor belts, rollers, seals, gaskets, and anti-vibration mounts, fuels the demand for industrial rubber products. Asia Pacific emerges as a significant market for industrial rubber, driven by rapid industrialization, urbanization, and infrastructure development in countries like China and India, along with supportive governmental initiatives, investments, and the presence of key manufacturing clusters, particularly in automotive, construction, and manufacturing sectors.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Industrial Rubber Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Industrial Rubber Market Segmental Analysis

The global floating power plant market is segmented on the basis of type, application, and region. Based on type, the market can be segmented into Natural Rubber, Synthetic Rubber, and Reclaimed Rubber. Based on application, the market is segmented into Automotive, Construction, Manufacturing, Electrical and Electronics, Healthcare, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Industrial Rubber Market

The global demand for industrial rubber products is greatly influenced by infrastructure development, which serves as a crucial driver in this market. Infrastructure initiatives worldwide, encompassing the construction of roads, bridges, airports, and residential or commercial structures, fuel substantial needs for rubber-based materials. These materials find wide-ranging applications in roofing, flooring, sealants, waterproofing, and insulation. The focus on infrastructure expansion extends beyond developed nations to include developing economies, thereby playing a substantial role in propelling growth within the industrial rubber sector.

Restraints in the Global Industrial Rubber Market

The industrial rubber market is confronted with obstacles arising from the enforcement of strict environmental regulations pertaining to rubber production and waste handling. These mandates demand rigorous emissions control, appropriate waste management, and sustainable practices from the industry. Consequently, manufacturers within this sector are driven to allocate resources toward eco-friendly processes and the creation of sustainable rubber solutions, aligning with regulatory requirements. Adherence to these regulations is paramount for the industry to maintain compliance and promote a greener approach to rubber manufacturing.

Market Trends of the Global Industrial Rubber Market

A significant trend in the global industrial rubber market is the rising utilization of rubber in conveyor and transmission belts, widely used across diverse sectors including manufacturing, mining, automotive, food and beverage, and logistics. Rubber belts provide outstanding durability, flexibility, and resistance to wear, making them highly suitable for conveying heavy loads and transmitting power efficiently. The surge in demand for conveyor and transmission belts stems from the increasing necessity for seamless material handling and effective power transmission in industrial operations. As industries prioritize heightened productivity, cost-efficiency, and streamlined processes, the adoption of rubber belts in conveyor and transmission systems is anticipated to witness sustained expansion. Manufacturers in the industrial rubber sector are actively engaged in developing innovative rubber compounds and designs to meet the evolving demands of conveyor and transmission belt applications, further propelling growth in this sector.

Product Code: SQMIG25B2004

Table of Contents

Executive Summary

  • Market Overview
  • Wheel of Fortune

Research Methodology

  • Information Procurement
  • Secondary & Primary Data Sources
  • Market Size Estimation
  • Market Assumptions & Limitations

Parent Market Analysis

  • Market Overview
  • Market Size
  • Market Dynamics
    • Drivers
    • Opportunities
    • Restraints
    • Challenges

Key Market Insights

  • Technology Analysis
  • Pricing Analysis
  • Supply Chain Analysis
  • Value Chain Analysis
  • Ecosystem of the Market
  • IP Analysis
  • Trade Analysis
  • Startup Analysis
  • Raw Material Analysis
  • Innovation Matrix
  • Pipeline Product Analysis
  • Macroeconomic Indicators
  • Top Investment Analysis
  • Key Success Factor
  • Degree of Competition

Market Dynamics & Outlook

  • Market Dynamics
    • Drivers
    • Opportunities
    • Restraints
    • Challenges
  • Regulatory Landscape
  • Porters Analysis
    • Competitive rivalry
    • Threat of Substitute Products
    • Bargaining Power of Buyers
    • Threat of New Entrants
    • Bargaining Power of Suppliers
  • Skyquest Special Insights on Future Disruptions
    • Political Impact
    • Economic Impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Global Industrial Rubber Market by Type

  • Market Overview
  • Natural Rubber
  • Synthetic Rubber
  • and Reclaimed Rubber.

Global Industrial Rubber Market by Application

  • Market Overview
  • Automotive
  • Construction
  • Manufacturing
  • Electrical and Electronics
  • Healthcare
  • and Others.

Global Industrial Rubber Market Size by Region

  • Market Overview
  • North America
    • USA
    • Canada
  • Europe
    • Germany
    • Spain
    • France
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2021
  • Strategies Adopted by Key Market Players
  • Top Winning Strategies
    • By Development
    • By Company
    • By Year
  • Recent Activities in the Market
  • Key Companies Market Share (%), 2021

Key Company Profiles

  • Bridgestone Corporation (Japan)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Michelin Group (France)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Continental AG (Germany)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • The Goodyear Tire & Rubber Company (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Sumitomo Rubber Industries, Ltd. (Japan)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Yokohama Rubber Co., Ltd. (Japan)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Pirelli & C. S.p.A. (Italy)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Cooper Tire & Rubber Company (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Hankook Tire & Technology Co., Ltd. (South Korea)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Kumho Tire Co., Inc. (South Korea)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Toyo Tire Corporation (Japan)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • MRF Limited (India)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Apollo Tyres Ltd. (India)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Nokian Tyres plc (Finland)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Giti Tire Corporation (Singapore)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Cheng Shin Rubber Industry Co., Ltd. (Taiwan)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • TSR Co., Ltd. (Thailand)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Lanxess AG (Germany)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Trinseo S.A. (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Versalis S.p.A. (Italy)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
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Manager - EMEA

+32-2-535-7543

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Manager - Americas

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