What is Automotive Rubber Extruded Parts Market?
Rubber extrusion refers to a class of products created by softening and pressurizing an elastomeric compound and forcing it through a hard tool known as a die. The end result is a continuous piece of material with the same cross-section along its length. The cross-section shape is determined by the die profile. There are thousands of different die profiles available on the market that cater to the automotive industries. Rubber extrusions are lightweight, flexible, extremely durable, and long-lasting. Consumers are extremely resistant to chemicals, heat, cold, ageing, fatigue, friction, abrasion, wear and tear, and etc. Consumers are ideal for use in a variety of harsh or extreme environments.
Highlights from Automotive Rubber Extruded Parts Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Federal-Mogul Holdings (United States), Denso (Japan), Magna International (Canada), Eaton (United States), Meteor Group (Germany), Aggarwal Rubber Industries (India), Dana Incorporated (United States), TVS Group (India), Astron Polymers (P) Ltd. (India) and Yokohama Rubber Company (Canada) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Automotive Rubber Extruded Parts market throughout the forecasted period.
Federal-Mogul Holdings (United States), Denso (Japan), Magna International (Canada), Eaton (United States), Meteor Group (Germany), Aggarwal Rubber Industries (India), Dana Incorporated (United States), TVS Group (India), Astron Polymers (P) Ltd. (India) and Yokohama Rubber Company (Canada) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are HUTCHINSON (France), CIE Automotive (Spain), Timco Rubber (United States), Hebei Shida Seal Group Co., Ltd. (China) and Viscon Rubber Industries (India). Automotive Rubber Extruded Parts Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Tires, Polymer Modification, Adhesive, Conveyor belts, Roll coverings and Others |
Type | E-SBR, -Hot Emulsion, -Cold Emulsion, S-SBR and F-SSBR |
Category | Styrene Butadiene Block Copolymers,Styrene Butadiene Carboxy Monomers,Others |
Sales Channel | Direct,Distributors |
On the basis of geography, the market of Automotive Rubber Extruded Parts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Leading Players are Heavily Investing in Research and Development to Improve Efficiency and Produce Premium Quality Parts
Market Growth Drivers:
Rapidly Growing Sale of Passenger and Commercial Vehicles and Upward Automotive Industrial and Manufacturing Sector in Initial and Developing Regions
Challenges:
Issue Related to the Counterfeit Product of Rubber Extruded Parts and Intense Competition Between Players
Restraints:
Volatile Prices Of Natural Rubber
Opportunities:
Increasing Demand Of Automobiles Across the Global and Rising Automotive Manufacture will Contribute to the Expansion of the Automotive Rubber Extruded Parts Market
Key Target Audience
Automotive Rubber Extruded Parts Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Market Leaders & Development Strategies
30 November 2021, Meteor Group has acquired US-based profiles manufacturer Creative Extruded Products, the German engineered rubber products company has announced. Meteor expects the acquisition to expand its technological capabilities and solidify its presence in North America, as the two entities have a substantial product and customer complementarity