The global Industrial Rubber market is anticipated to grow significantly at a CAGR of 4.8% over the forecast period (2021-2027). The global industrial rubber market is segmented on the basis of type, application, and end-use industry. Based on the type, the market is segmented as natural and synthetic. The synthetic segment is likely to hold the most substantial share during the forecast period. The key aspect that drives the segmental growth of the global industrial rubber market includes the comprehensive applications of synthetic industrial rubber.
Browse the full report description of "Global Industrial Rubber Market Size, Share & Trends Analysis Report by Type (Natural and Synthetic), By Application (Tires & Tubes, Hoses, Gaskets, & Seals, Conveyor Belts, Wires & Cables, and Others), By End-Use Industry (Automotive & Transportation, Building & Construction, Industrial Machinery & Equipment, and Others) Forecast, 2021-2027" at https://www.omrglobal.com/industry-reports/industrial-rubber-market
Based on the application, the market is segmented as tires & tubes, hoses, gaskets, & seals, conveyor belts, wires & cables, and others. The tires & tubes segment is likely to hold the most substantial share during the forecast period. The key aspect that drives the segmental growth of the global industrial rubber market includes increased rubber demand from the automobile industry in the various tire and non-tire applications. This is due to the underlying properties of rubber, such as resilience, toughness, and elasticity which makes the product the key material for manufacturing tires for the automobile industry.
Based on the end-use industry, the market is segmented as automotive & transportation, building & construction, industrial machinery & equipment, and others. The automotive & transportation segment is likely to hold the most substantial share during the forecast period. The key aspect that drives the segmental growth of the global industrial rubber market includes the emerging focus of the key automakers on electric vehicle manufacturing.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
Global Industrial Rubber Market – Segmentation
By Type
By Application
By End-Use Industry
Global Industrial Rubber Market – Segmentation by Region
North America
Europe
Asia-Pacific
Rest of the World
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