Global Rubber Compound Market 2018-2022

Some of the key findings from our rubber compound market forecast report are summarized below

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Global rubber compound industry outlook

Styrene-butadiene rubber (SBR) is used in various applications including shoe soles, tire treads, adhesives, polymer modification, and other durable products. SBR exhibits high durability since styrene, a sturdy and hard plastic is one of its key components. It is an alternative to natural rubber as it is not as expensive compared to other elastomers. The manufacturers also prefer SBR due to its high flexibility at low temperatures. The growing demand for SBR will be a key trend driving the growth of the rubber compounds market.

The high growth rate of the automobile industry primarily in the APAC region will further boost the growth of the rubber compound market. Countries in the APAC region such as India, Indonesia, Malaysia, and Thailand are home to some of the major automobile manufacturers and rubber producers. With increasing automotive production in APAC, the demand for rubber compounds used for manufacturing tires will also grow. Thus, the growing automotive sector in APAC is driving the rubber compound market growth at a CAGR of 2% during the forecast period.

Top rubber compound companies covered in this report

The global rubber compound market is moderately fragmented with the presence of several companies competing for the market share. To help clients improve their revenue shares in this market, this research report provides an analysis of the market's competitive landscape and offers information on the products offered by various leading companies. Additionally, this rubber compound market analysis report suggests strategies companies can follow and recommends key areas they should focus on to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

• AirBoss of America
• B D Technical Polymer
• Bridgestone
• ContiTech
• HEXPOL
• Polycomp
• Sanock Rubber Company

Rubber compound market segmentation based on application

• Tires
• Roofing and geomembranes
• Wires and cables
• Footwear
• Hose and belting

The tires segment accounted for the largest rubber compound market share in 2017. This segment will continue to increase its market share and lead the market over the next five years.

rubber compound market segmentation based on geographic region

• Americas
• APAC
• EMEA

The APAC region dominated the global rubber compound market in 2017. This region will be the highest revenue generator and continue to dominate the market for the next five years.

Key highlights of the global rubber compound market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the rubber compound market during the next five years
• Precise estimation of the global rubber compound market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the rubber compound industry across the Americas, APAC, and EMEA
• A thorough analysis of the market's competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of rubber compound companies

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