There were 910 press releases posted in the last 24 hours and 187,026 in the last 365 days.

Industrial Rubber Market By Current Scenario to Expand at Significant CAGR of 5.2% By 2026

Industrial Rubber Market

Industrial Rubber Market

Rise in demand for industrial rubber from the automotive industry, and growth in construction activities fuel the growth of the industrial rubber market.

PORTLAND, OREGON, UNITED STATES, September 11, 2020 /EINPresswire.com/ -- Rise in demand for industrial rubber from the automotive industry, and growth in construction activities fuel the growth of the global industrial rubber market. On the other hand, high cost of raw materials used for rubber manufacturing impedes the growth to certain extent. However, advancements in technologies is expected to usher in a plethora of opportunities for the key players in the industry.

According to the report, the global industrial rubber industry was estimated at $31.3 billion in 2019 and is expected to hit $44.6 billion by 2026, registering a CAGR of 5.2% from 2019–2026.

Download Sample Report with Detailed COVID-19 Impact Analysis @ https://www.alliedmarketresearch.com/request-sample/6275

The synthetic segment to rule the roost till 2030:
Based on type, the synthetic segment is expected to account for more than three-fifths of the global industrial rubber market share in 2019, and would retain its dominance during 2019 to 2026. In addition, the segment is estimated to register the fastest CAGR of 5.7% from 2019 to 2026. The fact that synthetic rubber offers more abrasion resistance than natural rubber drives the growth of the segment.

The automotive segment to dominate during the estimated period:
Based on end user industry, the automotive segment is anticipated to hold more than one-third of the global industrial rubber market revenue in 2019, and would lead the trail throughout the forecast period. Moreover, the segment is predicted to showcase the fastest CAGR of 6.0% till 2026. The growing use of rubber and rubber products in automotive antivibration, fluid transfer systems, adhesives & coatings, body sealing systems, molded parts, flat seals, foam and converting products is expected to drive growth of the market.

Asia-Pacific, followed by Europe and North America, to remain lucrative during the study period:
Based on geography, the region across Asia-Pacific, followed by Europe and North America, is projected to generate the largest share, contributing to more than one-third of the global industrial rubber market. The same region would also cite the fastest CAGR of 5.8% by 2026. The economies like China, India, and Japan are contributing significantly toward the growth of the market.

Frontrunners in the industry:

• LG Chem Ltd
• The Goodyear Tire & Rubber Company
• Bridgestone Corporation
• Toyo Tire & Rubber Co
• Sinopec Corporation
• Arkema S.A
• Lotte Chemical Corporation
• Celanese Corporation
• United Rubber Industries India private Limited
• Braskem S.A

Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/industrial-rubber-market/purchase-options

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

Tushar Rajput
Allied Analytics LLP
+91 9021091709
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn