Industrial Rubber Market Size , Share , Trends , Analysis and Forecasts To 2022
Global Industrial Rubber Market is expected to reach $ 168.3 billion by 2022 . Increasing automotive industry and increased demand for high-performance tires are the factors driving the growth of global industrial rubber market . Environmental issues , rising threat from the substitutes and Volatility of the oil prices are the factors hindering the market . Mechanical goods are expected to account for the largest share . Provider of belts and hose will gain profit from increased customer demand of the durable goods , mainly machinery and equipment . Construction market is estimated to be the strongest gain during the forecast period .
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North America dominated the global industrial rubber market in terms of market revenue followed by Europe . Asia Pacific is the major producer and consumer of industrial rubber , with its tire sector witnessing promising growth rate . Manufacturers have shifted their manufacturing facilities to emerging economies , due to the low labor and operating costs .
Some of the key players in the market include Bando Chemical Industries Limited , Bridgestone Corporation , China National Chemical Corporation , Continental AG , Datwyler Holding Incorporated , Dayco Products , Eaton Corporation plc , GenFlex Roofing Systems , Federal-Mogul Corporation , Freudenberg & Company KG , Hutchinson , Mitsubishi Corporation , Semperit AG Holding , Tenneco Incorporated and Trelleborg AB .
Applications Covered : Aerospace Industrial Equipment Construction Motor Vehicles Manufacturing Automotive
Products Covered : Conveyor belts Footwear Hoses Sealing products Gaskets Mechanical Goods Vibration Control Products