Industrial Rubber Global Market Size, Business Opportunities, Scope By 2032

The Industrial Rubber Global Market Report 2023, provides comprehensive information on the industrial rubber market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Industrial Rubber Global Market Report 2023, the global industrial rubber market size is expected to grow from $39.31 billion in 2022 to $42.04 billion in 2023 at a compound annual growth rate (CAGR) of 6.94%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the industrial rubber market size is expected to reach $53.30 billion in 2027 at a CAGR of 6.1%.

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Technological advancements are a key trend gaining popularity in the industrial rubber market. Major companies operating in the industrial rubber market are introducing new products and technology, such as green and sustainable technology based product to sustain their position in the market. For instance, in August 2022, Global Rubber Industries (GRI), a Sri Lanka-based tire manufacturer, launched the new Green XLR Earth series of radial agricultural tires. This new product is the first sustainable tire series for the agricultural industry based on sustainable technology. It is made of 37.5% sustainable materials and is made with a high percentage of recycled carbon black to lessen its carbon footprint. It also contains soybean oil, which is renewable and sustainable, and ensures that natural rubber retains more of its original properties to improve the tire’s overall performance.

The industrial rubber market is segmented:

1) By Rubber Type: Natural Industrial Rubber, Synthetic Industrial Rubber
2) By Processing Type: Injection Melding, Compression Melding, Extrusion, Others Processing
3) By Product: Mechanical Rubber Good, Rubber Hose, Rubber Belt, Rubber Roofing, Others Products
4) By Application: Automotive, Building and Construction, Industrial Manufacturing, Polymer Modification, Wire and Cable, Electrical and Electronics, Bitumen Modification, Coating, Sealant, and Adhesive, Medical and Healthcare, Others Applications

Asia-Pacific was the largest region in the industrial rubber market in 2022.

The table of contents in TBRC’s industrial rubber market report includes:
1. Executive Summary
2. Industrial Rubber Market Characteristics
3. Industrial Rubber Market Trends And Strategies
4. Industrial Rubber Market – Macro Economic Scenario
5. Industrial Rubber Market Size And Growth
…………………………………………………
26. Africa Industrial Rubber Market
27. Industrial Rubber Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Rubber Market
29. Industrial Rubber Market Future Outlook and Potential Analysis
30. Appendix

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