San Jose, California (PRWEB) May 23, 2014
Follow us on LinkedIn – Global market for industrial rubber products, based on both natural and synthetic rubber, comprise products such as hoses, belting, mechanical rubber goods, roll coverings all of which are widely used in aerospace equipment, office equipment, motor vehicles and industrial machinery. Improvement in global manufacturing activity across various industry verticals, including construction machinery and household appliances, is helping drive demand for industrial rubber products. In the automotive industry, continuous rise in production of motor vehicles in line with growing sales in developing countries is generating strong demand for industrial rubber products such as gaskets, belts and hoses. Future growth in the market is forecast to come from end-use sectors such as construction, aerospace, mining and forestry, among others. Innovation in production technology is additionally expected to aid in the reduction of prices of rubber goods thus stimulating growth. Despite the opportunities for growth, the market will continue to witness challenges manifested in the form of environmental concerns pertaining to VOC emissions during rubber manufacturing, and the threat of substitution from thermoplastic elastomers which are already being preferred in cost-conscious countries across the world.
As stated by the new market research report on Industrial Rubber, Asia-Pacific represents the largest and the fastest growing market worldwide. The region is forecast to grow at a CAGR of 8.2% over the analysis period. Rapid pace of industrialization, rising income levels, and growing manufacturing base in developing Asian countries represent factors driving growth in the region. Growth in mature markets such as the United States, Japan and Western Europe will stem from equipment and manufacturing plant upgrades.
Mechanical rubber goods comprising products such as vibration control devices, wiper blades, and body seals, represent the largest segment in the global industrial rubber goods market. The market is expected to experience strong demand in the coming years fuelled by the healthy outlook for the automobile industry in developing markets. The market for Rubber Hose & Belting is also expected to register rapid gains, driven by favorable pricing as compared to mechanical rubber goods.
Major players covered in the report include Avon Rubber Plc, Bridgestone Corporation, ContiTech AG, Cooper-Standard, Dayco Products, Delphi Automotive PLC, Eaton Corporation, Federal-Mogul Corporation, Freudenberg Group, Habasit AG, JSJ Corporation, Meiji Rubber & Chemical Co. Ltd., Mitsuboshi Belting Ltd., Nichirin Co. Ltd., NOK Corporation, Parker-Hannifin Corporation, Semperit AG Holding, Sumitomo Rubber Industries Ltd., The Yokohama Rubber Company Ltd., Tokai Rubber Industries Ltd., Toyo Tire and Rubber Co. Ltd., Toyoda Gosei Company Limited, and Trelleborg AB, among others.
The research report titled “Industrial Rubber Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Product segments analyzed in the report include Mechanical Rubber Goods, Rubber Hose & Belting, and Other Industrial Rubber Products. End-use applications analyzed for the US market include Automotive, Industrial Equipment, and Others.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Industrial_Rubber_Products_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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