Forecast on Industrial Rubber Market: Global Industry Analysis and Trends Till 2025 by Future Market Insights

Rubber industry is more than 100 years old. Industrial rubber industry is dominated by one major product tires. Tires are used in large numbers on bicycles, trucks, aircrafts, and automobiles. Automobile tires, inflatable rafts, conveyor belts, rain coats and waterproof cloth tents are produced by impregnating fabrics with rubber, using calendaring process. Molding is another important process in the tire production. Tires are the principal product of industrial rubber industry. It accounts for approximately three-fourth of total rubber tonnage.
Production of rubber goods comprises of two stages- first stage is the production of rubber, either by the natural rubber (which is an agricultural crop) or from the petroleum products. Second stage is processing of the rubber so produced into the finished goods form. Processing of rubber into the finished goods like tires and other products is usually designated as rubber industry. Synthetic rubbers are produced from petrochemicals by polymerization method.

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Rapidly growing automotive sector in developing economies and increased demand for high-performance tires, sealing products, and tire adhesive are expected to contribute to the growth of the global industrial rubber market. As on date, Asia Pacific is the largest producer and consumer of industrial rubber, with its tire sector exhibiting promising growth rate. Manufacturers have shifted their production facilities to emerging economies, due to the low labor and operating costs.

In the industrial rubber industry, construction market is estimated to post the strongest gain during the forecast period. Other construction-related products like rubber roofing are projected to register the healthy growth. Mechanical goods is expected to account for the largest share of total demand.

suppliers of hose and belts will gain benefits from increased consumer demand of the durable...