Global Industrial Rubber Market Research Report 2026

NAVI MUMBAI, India - Feb. 29, 2020 - PRLog -- The global Industrial Rubber Market (https://www.bharatbook.com/marketreports/industrial-rubber-market-by-type-natural-and-synthetic-and-end-use-industry-automotive-construction-manufacturing-/1976405) was valued at $29.8 billion in 2018 and is projected to reach $44.6 billion by 2026, growing at a CAGR of 5.2% from 2019 to 2026. Industrial rubber are polymers, specifically elastomer which can stretch and shrink. Industrial rubber can be produced from natural sources such as from latex found in trees or rubber and can be synthesized on an industrial scale. Gloves, tires, plugs, and masks are products made from rubber.

The rise in demand for industrial rubber from automotive industry is expected to offer growth to the global industrial rubber market. Asia-Pacific is one of the growing markets where rubber is utilized at a large scale. However, hazards related with rubber manufacturing and expensive cost is expected to hamper the market growth. Nevertheless, the global industrial market is yet to explore its full potential. Innovation and development in rubber industry such as manufacturing of eco-friendly rubber is expected to offer growth opportunity to the market.

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The global industrial rubber market is segmented into type and end-use industry. On the basis of type, the market is bifurcated into natural and synthetic rubber. By end-use industry, the market is classified into automotive, construction, manufacturing, electrical & electronics, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players involved in the global industrial rubber market are Sinopec Corporation, LG Chem Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., Bridgestone Corporation, Lotte Chemical Corporation, Arkema S.A., Braskem S.A., Celanese Corporation, and United Rubber Industries India private Limited.

Browse our full report with Table of Content : https://www.bharatbook.com/marketreports/industrial-rubber-market-by-type-natural-and-synthetic-and-end-use-industry-automotive-construction-manufacturing-/1976405