Apr 4, 2018   SOURCE: BusinessWire

Industrial Rubber Market - Global Forecast to 2022 - ResearchAndMarkets.com

The "Industrial Rubber Market by Application (Automotive, Building & Construction, Industrial Manufacturing, Polymer Modification, Wire & Cable, Electrical & Electronics, Bitumen Modification), Type, Product, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The industrial rubber market is projected to grow from US$26.99 billion in 2017 to US$33.82 billion by 2022, at a CAGR of 4.6% between 2017 and 2022.

The application segment of the industrial rubber market includes automotive, building & construction, industrial manufacturing, polymer modification, wire & cable, electrical & electronics, bitumen modification, coating, sealant & adhesive, and medical & healthcare. The growth of the industrial rubber market can be attributed to the robust economic outlook for the Asia Pacific, and the increased motor vehicle production and sales across the globe.

The industrial rubber market is expected to witness significant growth in a number of emerging economies, such as India, Thailand, Malaysia, and Brazil. The industrial rubber market in developed economies, such as the US and Japan, will witness market gains below the global average, owing to sluggish growth in durable goods consumption and automotive production.

One of the major restraints for the industrial rubber market growth is environmental regulations and the health hazards associated with the industrial rubber and its manufacturing. There are a number of regulations for industrial rubber manufacturing; for example, butadiene was listed as a toxic substance under the Canadian Environmental Protection Act, 1999 (CEPA 1999). Such regulations have restricted the growth of the global industrial rubber market.

Market Dynamics

Drivers

  • Increasing Demand From the Automotive Industry
  • Growing Demand in Asia Pacific

Restraints

  • Environmental Regulations and Health Hazards Associated With Industrial Rubber

Opportunities

  • Growing Demand for Eco-Friendly Rubber

Challenges

  • Volatility in Raw Material Prices
  • Overcapacity in Asia Pacific

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industrial Rubber Market, By Type

7 Industrial Rubber Market, By Product

8 Industrial Rubber Market, By Application

9 Industrial Rubber Market, By Region

10 Competitive Landscape

11 Company Profiles

  • American Synthetic Rubber Company
  • Asahi Kasei Advance Corporation
  • Exxonmobil
  • Firestone Polymers
  • Group Dynasol
  • Indian Synthetic Rubber Private Limited
  • JSR Corporation
  • Kraton Corporation
  • Kumho Petrochemical
  • LG Chem
  • Lanxess
  • Lion
  • Nizhnekamskneftekhim
  • Petrochina
  • Rishiroop
  • Sibur
  • Sinopec
  • Synthos
  • TSRC Corporation
  • The Goodyear Tire and Rubber Company
  • Tosoh Corporation
  • Trinseo
  • UBE Industries
  • Versalis S.P.A.
  • Zeon Corporation

For more information about this report visit https://www.researchandmarkets.com/research/d4m2nn/industrial_rubber?w=4