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Global industrial rubber products market forecast to reach $79.4 billion by 2025​
Editor:Lisa Tan  Post Time:2017-06-26  Click:

Global industrial rubber products market forecast to reach $79.4 billion by 2025

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.

According to the latest report published by Credence Research, Inc., “Industrial Rubber Products Market – Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global industrial rubber products market was valued at $48.96 billion in 2016, and is expected to reach $79.41 billion by 2025, expanding at a CAGR of 5.5 percent from 2017 to 2025. The global industrial products market is expected to progress at a satisfactory pace during the following decade, primarily owing to growing demand for rubber products from automotive OEM manufacturers, the construction industry and the growing application areas of industrial rubber in the commercial, construction and infrastructure sectors. However, fluctuations in prices of raw material used in the manufacturing of industrial rubber products may have a restraining effect on the overall market growth. The demand for mechanical rubber goods products is anticipated to be the highest through the forecast period. Heavy deployments of mechanical goods in the manufacturing industry and automotive industry are the major contributors to the dominance of the mechanical rubber products segment. In terms of application areas, rising demand for automotive products, and gradual expansion of automotive manufacturers in the emerging nations of the Middle East, Africa and Asia Pacific will contribute to the dominance of automotive as the largest application area for industrial rubber products. The demand for these products across both OEMs and aftermarket solutions is anticipated to remain strong through the forecast period. In terms of geographical distribution, the global industrial rubber products market is anticipated to be dominated by Asia Pacific. Domicile of several large rubber manufacturing zones and prevalence of several large consumer companies scattered across the region make Asia Pacific the largest market for industrial rubber products on the global front. On the other hand, heavy infrastructural development in the Middle East and Africa, especially in commercial and construction sectors, allows the region to present lucrative opportunities for industrial rubber products manufacturers in the region. Carlisle Companies Inc., Bridgestone Corp., Continental AG, Cooper Standard Automotive Inc., Delphi Corp., Dunlop Conveyor Belting (Fenner plc), Eaton Corp, Freudenberg Group, Goodyear Tire and Rubber Company, Hutchinson SA (Total), Myers Industries Inc., Nichirin Co. Ltd., NoK Corp., Parker-Hannifin Corp., Toyo Tire and Rubber Co. Ltd., Tokai Rubber Industries Ltd., Trelleborg AB and Yokohama Rubber Company Ltd. are some of the most prominent names in the industrial rubber products market.

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