Rubber Market to Reach $51.21 Billion Forecast by 2027; Rising Application in Textile and Chemical Industries to Foster Growth, states Fortune Business Insights™

Pune, India, April 16, 2021 (GLOBE NEWSWIRE) -- The global rubber market size is expected to reach USD 51.21 billion by 2027, exhibiting a CAGR of 5.3% during the forecast period. The heavy demand from the automotive industry owing to its insulation property and will propel the growth of the market during the forecast period. The market size stood at USD 40.77 billion in 2019.


List of the Leading Companies Profiled in the Global Rubber Market are;

  • ARLANXEO (Netherlands)
  • Kumho Petrochemical Co., Ltd. (South Korea)
  • PetroChina (China)
  • TSRC Corporation (Taiwan)
  • LG Chem (South Korea)
  • Versalis (Italy)
  • Dow Chemicals (U.S.)
  • Von Bundit (Thailand)
  • Sri Trang Agro-Industry (Thailand)
  • Southland Holding Lonza (Thailand)
  • Vietnam Rubber Group (Vietnam)
  • Tradewinds Plantation Berhad (Malaysia)
  • Tong Thai Rubber Group (Thailand)
  • Ravasco (India)
  • Halcyon Agri (Singapore)
  • Unitex Rubber (Thailand)


Get Sample PDF Brochure with Impact of COVID19:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/rubber-market-101612


Key Market Driver:

Rising Application of Rubber in Numerous Industries to Boost Market

The growing demand for tire and other automotive parts will simultaneously spur opportunities during the forecast period. The growing utilization of rubber in wide-ranging automotive products such as tires, crap tubes, adhesives, hoses, pipes, gaskets, and roll coverings will further enhance the scope of the market. Moreover, the increasing application in footwear, industrial goods, construction, textiles, and other consumer products will aid the expansion of the market. For instance, the use of latex offers substantial protection against water, chemicals, electricity, impact, and low temperatures. Additionally, its use in a variety of textiles, and consumer products, such as bands, protective covers, mats, and others will further foster the growth of the market.


Key Questions Answered:

  • What are the key demands and trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the market growth?
  • Why Choose Fortune Business Insights?


Browse a Detailed Summary of this Research Report With TOC:

https://www.fortunebusinessinsights.com/industry-reports/rubber-market-101612


Disturbed Supply Chain to Dwindle Business Amid Coronavirus

The coronavirus incident has resulted in the shutdown of production facilities, and restrictions on transportation. The disruption in the supply and distribution can further limit the scope of the market. The major impacted countries include China, India, Germany, Italy, Brazil, and Canada. China is a major consumer of rubber. The constraint on export and import activities of industrial rubber goods and tires will act as an inhibiting factor for the development of the global market.


Regional Analysis:

Rising Construction Activities to Bolster Growth in Asia Pacific

The market size in Asia Pacific stood at USD 22.09 billion in 2019 and is expected to witness an exponential growth rate during the forecast period. The growth in the region is attributed to the rising production and consumption in India and China. Thailand is the largest producing country of natural rubber. The flourishing automotive and construction industry is predicted to enable speedy expansion of the market in the region. The market in North America is expected to rise tremendously owing to the rising demand in footwear applications. The growing automotive, chemical, and textile industries are expected to create opportunities for the market in North America.


Key Development:

June 2018:  Kumho Petrochemical announced that it has extended its NB Latex production capacity by 400 KT to 550 KT per annum at its manufacturing plant in Ulsan.


Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/rubber-market-101612


Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market SegHouseholdtation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Key Developments: Mergers, Acquisition, Partnership, etc.
    • Insights on Regulatory Scenario
    • Porters Five Forces Analysis
  • Qualitative Insights – Impact of COVID-19 on Global Rubber Market
    • Supply Chain Challenges
    • Steps taken by Government/Companies to overcome this impact
    • Potential opportunities due to COVID-19 outbreak
  • Global Rubber Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Size Estimates and Forecast
      • By Type (Volume/Value)
        • Natural Rubber
        • Synthetic Rubber
      • By Application (Volume/Value)
        • Tire
        • Non-Tire Automotive
        • Footwear
        • Industrial Goods
        • Others
      • By Region (Volume/Value)
        • North America
        • Europe
        • Asia Pacific
        • Latin America
        • Middle East & Africa

TOC Continued…!


Get your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/rubber-market-101612


Have a Look at Related Research Insights:

Rubber Color Masterbatch Market Size, Share & Industry Analysis, By Product type (Silicone Rubber Color Masterbatch, EPDM Rubber Color Masterbatch, Others), By Application (Pigment, Fiber, Film, Others) and Regional Forecast, 2020-2027

Rubber Compound Market Size, Share & Industry Analysis, By Rubber Type (Silicone Rubber, Fluoro Rubber, Butyronitrile Rubber, EPDM Rubber, Chloroprene Rubber, Others), By End-User (Tires, Hose & Belting, Roofing & Geo Membranes, Footwear, Wire & Cable Insulation, Others)and Regional Forecast, 2020-2027

Rubber Foam Market Size, Share & Industry Analysis, By Rigidity (Rigid Foam, Flexible Foam), By Foam Type (Polyurethane Foam, Cross-linked Polyethylene Foam, Neoprene Foam, Silicone Foam, Polyvinyl Chloride – Nitrile Butadiene Rubber (PVC – NBR blend) Foam, Others), By Application (Household Furnishing, Construction, Automotive) Others and Regional Forecast, 2019-2026

Rubber Foam Materials Market Size, Share & Industry Analysis, By Type (Cross-Linked Polyethylene Foam, Polyurethane Foam, Microcellular Urethane Foam), By Application (Dust seals for HVAC access doors, Cabinet insulation, Noise and vibration reducers, Transportation, Automotive trim, Refrigerated transport vehicles, Foam rubber tubes) and Regional Forecast, 2019-2026


About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd


Read Press Release:

https://www.fortunebusinessinsights.com/press-release/rubber-market-9349


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.