Industrial Rubber Products Market Research Report and Forecast Industrial Rubber Products Market - Global Industr | Page 2

Expanding Automotive and Construction Industries to Propel Asia Pacific
Industrial Rubber Market Further
Asia Pacific, among all the regional markets for industrial rubber products across the
world, stood first in 2015 with a share of more than 40% in the global market. The
presence of many large-sized rubber production facilities in various Asian countries,
such as China, India, Malaysia, Thailand, and Indonesia, have reflected positively on
the market for industrial rubber products in the region. Over the coming years, the
expansion in the automotive and the construction industries is likely to provide
tremendous growth opportunities to the vendors of industrial rubber products in
Asia Pacific, influencing this regional market substantially.
The Asia Pacific market for industrial rubber products is closely followed by the
market in North America, which is slated to expand at a moderate rate in the near
future. Similarly, the Europe market for industrial rubber products is also projected
to witness sluggish growth over the forthcoming years on the grounds of maturation
and recovering economic condition.
The Middle East and Africa, on the other hand, is expected to surface as a lucrative
market for industrial rubber products, thanks to the considerable rise in the
commercial and infrastructure sectors and the increasing production of crude oil in
this region. Latin America is also estimated witness a stable growth in the next few
years, mainly due to the expansion in its automotive and construction industries.
Bridgestone Corp., Cooper Standard Inc., Continental AG, Freudenberg Group, The
Goodyear Tire & Rubber Co., HEXPOL AB, AirBoss Rubber Compounding, Gates
Corp., TOYODA GOSEI Co. Ltd., SaarGummi, HENNIGES AUTOMOTIVE, Trelleborg AB,
Johns Manville, HUTCHINSON, NOK CORP., Parker Hannifin Corp., Sumitomo Riko Co.
Ltd., Preferred Compounding Corp., Eaton, Delphi Automotive LLP, Myers Industries
Inc., The Yokohama Rubber Co. Ltd. are some of the prominent industrial rubber
product manufacturers across the world.
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