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Industrial Rubber Products Market Foreseen to Grow Exponentially by 2027

Industrial Rubber Products Market Foreseen to Grow Exponentially by 2027<br>

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Industrial Rubber Products Market Foreseen to Grow Exponentially by 2027

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  1. Industrial Rubber Products Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved

  2. About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

  3. Multifunctionalized Synthetic Tires Improve Fuel Efficiency in SUVs and Light Trucks Innovations in synthetic rubber are triggering growth for the industrial rubber products market. As such, styrene butadiene rubber is anticipated to dominate the global industrial rubber products market with the second-highest production amongst all rubber types, estimated to reach an output of ~7,500 kilo tons by the end of 2027. Hence, manufacturers are innovating new synthetic rubber solutions to improve tire technology. For instance, in March 2019, Trinseo - a provider of chemical material solutions, revealed that, the company is presenting a new grade of multifunctionalized styrene butadiene rubber tires at a trade fair in Germany. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  4. Industrial Rubber Products Projected for Exponential Growth in Automotive and End Markets • The demand for industrial rubber products is largely dependent on innovations in auto components and motor vehicle output. • Likewise, the automotive industry is estimated to account for the highest usage of industrial rubber products among all the end-use industries, predicted to consume ~30,700 kilotons by 2027. • The growing demand from the automotive industry and rise in application of rubber products in various end markets have triggered growth for the industrial rubber products market. • Increased adoption of autonomous and battery vehicles is another driver for the growth of the industrial rubber products market.

  5. Favorable Operation Environment and Increasing Exports Boosting Incremental Opportunities in Asia Pacific Companies in the industrial rubber products market are focusing on expanding their business in Asia Pacific. This is because Asia Pacific is projected to progress rapidly in terms of market volume share, from a record of ~40% in 2018 to ~47% by 2027. Moreover, China, India, and Indonesia are rapidly expanding in the industrial rubber products landscape, owing to the easy availability of raw materials and labor. Due to favorable government tax incentives and subsidies, low-cost destinations in Asia Pacific are attracting major rubber recyclers to set up their manufacturing base. ©2019 Transparency Market Research, All Rights Reserved

  6. Top Players Account for Major Market Share Yokohoma Rubber Co., Ltd. acquired Aichi Tire Industry ©2019 Transparency Market Research, All Rights Reserved

  7. To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact:Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY – 12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

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