Global industrial rubber products market was valued at US$ 48.96 Bn in 2016, and is expected to reach US$ 79.41 Bn by 2025, expanding at a CAGR of 5.5% from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Industrial Rubber Products, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.[Continue reading…]
The demand for mechanical rubber goods products is anticipated to be the highest through the forecast period. Heavy deployments of mechanical goods in manufacturing industry and automotives are the major contributor to the dominance of mechanical rubber products segment. In terms of application areas, rising demand for automotives, and gradual expansion of automotive manufacturers in emerging nations of Middle East and Africa and Asia Pacific will contribute to dominance of automotives as the largest application area for industrial rubber products. The demand for these products across both OEMs and aftermarket solutions is anticipated to remain strong through the forecast period.
In terms of geographical distribution, the global industrial rubber products market is anticipated to be dominated by Asia Pacific. Domicile of several large rubber manufacturing zones and prevalence of several large consumer companies scattered across the region, make Asia Pacific the largest market for industrial rubber products on the global front. On the other hand, heavy infrastructural development in Middle East and Africa especially in commercial, and construction sectors makes the region to present lucrative opportunities for industrial rubber products manufacturers in the region.
Carlisle Companies Inc., Bridgestone Corp., Continental AG, Cooper Standard Automotive Inc., Delphi Corp., Dunlop Conveyor Belting (Fenner plc), Eaton Corp, Freudenberg Group, Goodyear Tire and Rubber Company, Hutchinson SA (Total), Myers Industries Inc., Nichirin Co. Ltd., NoK Corp., Parker-Hannifin Corp., Toyo Tire and Rubber Co. Ltd., Tokai Rubber Industries Ltd., Trelleborg AB and Yokohama Rubber Company Ltd. are some of the most prominent names in the industrial rubber products market.[Continue reading…]
[The report is originally published on Credence Research Inc.]
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Industrial Rubber Products contains:
Analysis and forecast of Industrial Rubber Products market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Industrial Rubber Products market;
Assessment and forecast of Industrial Rubber Products market development;
Financial and business profiles of the leading companies in the Industrial Rubber Products industry.
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