Global Rubber Market 2017-2021

This market research study identifies Bridgestone, ExxonMobil, MICHELIN, Sri Trang Agro-Industry, and The Dow Chemical Company as the leading players in the global rubber market. A comprehensive analysis of this market is also presented by type (synthetic rubber and natural rubber), by application (tires and non-tires), and by geography (the Americas, APAC, and EMEA).

Overview of the global rubber market

Synthetic rubbers have various properties such as superior resistance to heat, resistance to abrasion, and aging effects. This boosts its adoption as a substitute for natural rubbers. Technavio’s rubber market analysis identifies the increasing demand for synthetic rubber will be one of the primary drivers for the rubber market growth till 2021. A large number of consumers are encouraged to adopt synthetic rubbers over natural rubbers due to the unstable prices of natural rubber. The increasing purchase volume of cars and commercial vehicles and the growing demand for synthetic rubber from the automotive sector will increase the rubber market size and share. Technavio’s rubber market forecasts that this market will grow at a CAGR of close to 5% by 2021.

Major companies are focusing on reducing the demand-supply gap in the APAC region by expanding their natural rubber production capacities in the developing countries. The increasing production rate of rubber in China, India, Malaysia, and Indonesia and the growing automotive and infrastructure industries will drive the rubber market growth prospects in APAC in the forthcoming years. Many end-use industries use rubber in tires, rubber hoses, insulating material, and packaging delicate materials.

What's your takeaway?

Technavio's industry research report on the global rubber market 2017-2021 help you-

• Identify latent opportunities and explorative solutions in the global rubber market: research report
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors

The rubber market is fragmented. The growth opportunity of vendors in the market is increasing because their products are used in various applications, such as automotive industry. Vendors of the rubber material market are focusing on the production of rubber products that comply with the fluctuation of crude prices.

Key vendors in this market are -

• Bridgestone
• ExxonMobil
• MICHELIN
• Sri Trang Agro-Industry
• The Dow Chemical Company

Other prominent vendors in the market include Advanced Multitech, Ansell, Asahi Kasei Advance Corporation, China National Petroleum Corporation, LANXESS, LG Chem, Nishikawa Rubber, THAI RUBBER CORPORATION (THAILAND), Tianjin Lugang Petroleum Rubber, Trinseo, and Versalis.

Segmentation by type and analysis of the rubber market

• Synthetic rubber
• Natural rubber

Synthetic rubber is an artificial elastomer. Most synthetic rubbers are derived from the copolymerization of styrene and 1,3-butadiene. They are extensively used in the production of tires, door and window profiles, hoses, belts, matting, and flooring. As a result, the rubber material market will witness growth in the synthetic rubber segment in the forthcoming years.

Segmentation by application and analysis of the rubber market

• Tires
• Non- tires

The adoption rate of rubber is very high across the world because they are extensively used in the manufacturing of automotive tires. The demand for industrial rubber products from the automotive industry is increasing with the rising purchasing power of consumers and the increasing population. This in turn, will drive the rubber market’s growth.

Key questions answered in the report include

• What will the rubber market size and the growth rate be in 2021?
• What are the key factors driving the global rubber market?
• What are the key rubber market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global rubber market?
• What are the market opportunities and threats faced by the vendors in the global rubber market?
• What are the trending factors influencing the rubber market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global rubber market?

Technavio also offers customization on reports based on specific client requirement.