Global Industrial Rubber Market: APEJ Remains Dominant During 2016 to 2026
Characteristics of rubber such as reusability and higher suppression capacity render them as
ideal raw material among most of the industries across the globe. The versatility of industrial
rubber applications saves loses in millions and rakes billions of dollars. The value of global
industrial rubber market in 2016 was worth US $93,067.7 million and it is estimated to register
an impressive 6.1% CAGR during the forecast period (2016 to 2026) to reach a market value of
US $167,935 million by 2026 end. Industrial rubber of around 55 million metric tons is
estimated to be consumed around the world by 2026 end.
Factors influencing the Growth of Global Industrial Rubber Market Include
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Increasing global construction output
Rising industrial rubber sales through digital marketing
Improvement in large scale industrial rubber production owing to technological
advancements
Effective industrial rubber application in emerging industrial verticals and automotive
segment.
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Fluctuating Costs of Natural Rubber Affects Global Industrial Rubber Consumption
Global industrial rubber consumption highly depends upon fluctuating prices of raw rubber and
austerity environmental regulations on disposal, use & production of rubber products. PMR’s
estimation states that natural rubber consumption by industries will witness a comparatively
slow pace during 2017 and beyond registering a bit more than 37% share of global market
value. Regarding synthetic industrial rubbers, the global styrene butadiene rubber consumption
is estimated to register growth at 7% CAGR during 2016 to 2026. In addition, ethylenepropylene rubber, silicone rubber and polybutadiene rubber are expected to garner higher
demand growth during the forecast period.
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APEJ Remains Dominant in the Global Industrial Rubber Market During 2016 to 2026
Industrial rubber application segments include industrial machinery & equipment, automotive
& transportation, building & construction and others. Among these, automotive &
transportation segment is estimated to remain the largest segment in the global industrial
rubber market during the forecast period accounting for more than 40% global production of
industrial rubber. Region-wise, APEJ (Asia Pacific Excluding Japan) stands as the dominant region
in the global industrial rubber market during 2016 to 2026 owing to robust production of
automobiles in this region. The revenues for APEJ industrial rubber market is estimated to reach
US $55,939.3 million by 2026 end accounting for more than 1/3 rd revenues of overall market.
Middle East & Africa, on the other hand, is expected to witness robust growth in industrial
rubber market registering an impressive 6.6% CAGR during the forecast period.
Injection Molding to be the Most Lucrative Method for Processing of Industrial Rubber
As per PMR’s report, majority of industrial rubber produced across the globe are estimated to
utilize injection molding method. The revenues generated by global sales of industrial rubber
processed through injection molding accounted for US $37,189.5 million in 2016. Owing to
rising adoption of injection molding process, compression molding process is likely to witness
lower market presence in the near future. Whereas, industrial rubber manufactured through
extrusion process is anticipated to contribute consistent 34.2% market value share to global
industrial rubber market during the forecast period.
Leading manufacturers in the global industrial rubber market include Lanxess AG, E.I. duPont de
Nemours & Company, JSR Corporation, Sumitomo Chemical Co. Ltd., Ube Industries Ltd., Dow
Chemical Co., Asahi Kasei Corporation, Exxon Mobil Corporation, Denka Company Limited and
Zeon Corporation. While, prominent industrial rubber manufacturers around the world include
Bridgestone Corporation, Goodyear Tire & Rubber Corporation,
Trelleborg AB, Parker-Hannifin Corporation, Yokohama Rubber Company Ltd., Bando Chemical
Industries Ltd., Eaton Corporation, Continental AG, Nichirin Co. Ltd. and Carlisle Company Inc.
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