In 2021, the global market value of industrial rubber products surpassed US$124.3 billion, reported by "Transparent Market Research". It is estimated to expand at a CAGR (Compound Annual Growth Rate) of 5.8% from 2022 to 2031, crossing US$ 218.4 billion by the end of 2031. This rapidly growing market provides great opportunities to rubber products investors who are looking to start or expand their business, including natural rubber farms, rubber suppliers, rubber products manufacturers, distributors, dealers, wholesalers and retailers.
The increasing demand for rubber products across various industries is driving the global industrial rubber products market.
Rubber is widely used in the construction industry due to its excellent physical properties, such as heat resistance, water resistance, environmental resistance, flame retardancy and absorption, for the manufacture of exterior wall seals, window seals, telescopic joints, bearing frames, shock-absorbing supports, belts, boards, floors, etc.
In terms of sales volume, the automotive industry consists of a major consumption of industrial rubber products as a variety of automotive parts are made of rubber, including all kinds of dynamic and static seals (such as car window rubber seal), belts, wipers, and hoses, etc. The growing automotive industry in the Asia Pacific is driving the industrial rubber products market in the region. Strong growth in China's automotive sales promotes the expansion of the country's industrial rubber products market, which together with China's low-cost labor consists the driving force of the increasing automotive rubber parts market the Asia Pacific.
Recycled rubber can partially replace raw rubber for the production of rubber products, saving raw rubber and carbon black and other raw materials, so it has the advantages of environmental protection and energy-saving and also helps to improve the processability and certain properties of rubber products. Recycled rubber is usually used in the manufacture of hot water bags, tires, beach balls, and tennis shoes, etc. Environmentally friendly rubber products are used in the automotive and construction industries, usually as a certain type of flooring product, such as rubber flooring, playground surfaces, rubber mats, recycled rubber mulch and rubber paving materials. These factors will create lucrative opportunities for the industrial rubber products market.
The report predicts that natural rubber (NR) will become an attractive rubber type in the industrial rubber products market. Thanks to the low hysteresis of natural rubber, NB products are excellent in low heat generation effect, maintaining integrity and extending retreadability. Styrene-butadiene rubber (SBR) accounted for a large share of synthetic rubber in the global industrial rubber products market in 2018.SBR offers high strength, abrasion resistance, and co-blending capabilities, and its products are cheaper than other synthetic rubber products.
The report predicts that natural rubber (NR) will become an attractive rubber type in the industrial rubber products market. Thanks to the low hysteresis of natural rubber, NB products are excellent in low heat generation effect, maintaining integrity and extending retreadability. Styrene-butadiene rubber (SBR) accounted for a large share of synthetic rubber in the global industrial rubber products market in 2018. SBR offers high strength, abrasion resistance, and co-blending capabilities, and its products are cheaper than other synthetic rubber products.
Apart from the automotive and construction industry, rubber products are widely used in our daily life, as you can see many in your kitchen like rubber seals for food containers, gas rubber seal, cooker gasket, silicone kitchenware, etc; in your electrical accessories; in the gym and fitness center for sports and recreation such as sports rubber bracelets, soccer silicone wristbands, yoga resistance rubber bands, PU natural rubber yoga mat, etc. What's more, rubber products also plays an important role in medical fields. The ear tips for stethoscope, rubber medical bracelets, medical rubber gloves are the common rubber products in hospitals and private clinics...Information and content related to rubber products in these application areas will be updated later on, please wait and see.
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