According to IMARC Group's latest research report, titled "Rubber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the rubber market trends. The global rubber market size reached US$ 42.97 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 57.45 Billion by 2028, exhibiting a growth rate (CAGR) of 4.87% during 2023-2028.
Rubber Market Overview:
Rubber is a versatile and elastic material derived from the sap of rubber trees or synthesized through chemical processes. It is a polymer primarily composed of repeating units of isoprene. It exhibits unique properties that make it suitable for a wide range of applications. It has high elasticity, resilience, and durability. Rubber can be stretched and deformed under stress, and upon release of the force, it returns to its original shape. It offers excellent resistance to abrasion, impact, and weathering, making it suitable for outdoor applications. It is highly impermeable to liquids and gases, which contributes to its effectiveness as a sealant or insulation material. It is utilized in the production of tires, belts, hoses, seals, gaskets, footwear, adhesives, gloves, and medical devices.
Get Sample Copy of Report at – https://www.imarcgroup.com/rubber-market/requestsample
Rubber Market Trends:
Significant growth in the automotive industry is driving the global market. Coupled with this, the rising popularity of electric and hybrid vehicles contributes to the steady demand for rubber products. Moreover, the expansion of the construction industry is also supporting the market as rubber materials are extensively used in construction applications, including roofing, flooring, sealants, and insulation. Besides, the increasing emphasis on healthcare services, advancements in medical technology, and the global focus on healthcare infrastructure contributes to the demand for rubber products in the healthcare sector. Furthermore, the growing focus on developing sustainable rubber production practices, including responsible sourcing, efficient processing methods, and waste reduction, is creating a positive market outlook.
Key Market Segmentation:
Competitive Landscape with Key Players:
- Arlanxeo (Saudi Arabian Oil Co.)
- Kumho Petrochemical Co. Ltd.
- LG Chem Ltd.
- Southland Holdings LLC
- Sri Trang Agro-Industry Plc
- TSRC Corporation
- Unitex Rubber Co. Ltd.
- Vietnam Rubber Group
- Von Bundit Co. Ltd.
Type Insights:
- Synthetic Rubber
- Natural Rubber
Application Insights:
- Tire
- Non-Tire Automotive
- Footwear
- Industrial Goods
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
