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Global rubber molding market forecast at CAGR of 5.3 percent through 2022
Editor:LISA TAN  Post Time:2017-09-21  Click:

Global rubber molding market forecast at CAGR of 5.3 percent through 2022

 

(sources from rubberworld, edited by Lisa Tan, Hunan Farida tel:+86-731-83213228 cellphone: +86-1511 354 285 lisa@hnyxchem.com.cn

Hunan Yixiang Technology has a history of more than 20 years, and we are specialized in producing organic peroxides, such as BIPB(Cas NO.:25155-25-3), DHBP(Cas NO.:78-63-7), TMCH(Cas NO.:6731-36-8), co-crosslinking agent TAIC(Cas NO.:1025-15-6) and flame retardent TBC(Cas NO.:52434-90-9).We have fully finished REACH registration for BIPB and TAIC and maderegistration for TBC.

The key drivers for the growth of the rubber molding market are technological advancements, growing demand for lightweight materials and increasing vehicle production. EPDM by material contributes highest to the overall growth of the market. The main reasons for the adoption of EPDM material by automotive applications are its stability in high and low temperatures, low electrical conductivity, and resistance to UV exposure and many chemicals. The global rubber molding market is expected to show a growth at CAGR of about 5.3 percent from 2016 to 2022, according to the latest report from marketresearchfuture.com. Asia-Pacific is expected to dominate the rubber molding market in the forecast period, and is followed by Europe. The China and India region has recently seen an increase in demands for automobiles, as the spending capability of the population is increasing. Economical and infrastructural growth in the Asian-Pacific region have boosted growth of the automobile market, hence driving the market of rubber molding. This study provides an overview of the global rubber molding industry, tracking market segments across the categorized four geographic regions. The report provides a five-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, and rest of the world. The scope of the study segments the global rubber molding market based on components, types, material and vehicle type.

 

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