What is Rubber Compound Market Scope?
Rubber compounding refers to procedure in which some chemicals are added to the raw rubber to obtain the final product. Rubber compound market has high growth prospects owing to increasing demand for the rubber product in the automotive, footwear, wire and cable insulation, and other industries. Further, growing automobile industry supplementing the growth of rubber compound market. In addition, rising demand from the developing economies expected to drive the demand for rubber compound over the forecasted period.
The Rubber Compound market study is being classified by Type (Silicone Rubber, Fluoro Rubber, Butyronitrile Rubber, EPDM Rubber, Chloroprene Rubber and Others), by Application (Tires, Hose and Belting, Roofing and Geo Membranes, Footwear and Wire and Cable Insulation) and major geographies with country level break-up.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analysts at AMA predicts that Vendors from Germany will contribute to the maximum growth of Global Rubber Compound market throughout the predicted period.
AirBoss of America (Canada), B D Technical Polymer (United Kingdom), Bridgestone (Japan), Continental AG (Germany), HEXPOL (Sweden), Polycomp (Netherlands), Sanock Rubber Company (Poland), Condor (Germany) and Roop Polymers Ltd. (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are EcoWise Holdings Ltd. (Singapore), Thai Hua Rubber (Thiland) and Polycomp (Netherlands).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Rubber Compound market by Type, Application and Region.
On the basis of geography, the market of Rubber Compound 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).
Influencing Market Trend
- Increasing Application of Rubber Compound in the Tire Manufacturing
- Emphasizing On Development of High-Performance Rubber Compound
Market Drivers
- Increasing Demand for Elastomers
- Growing Demand for Rubber and Rubber Products
Opportunities
- Growth Automotive Sector Worldwide
- Rising Demand from the Developing Economies
Restraints
- Fluctuating Raw Material Prizes
- Stringent Government Regulations Regarding Rubber Compound
Challenges
- Lack of Awareness in the Low and Middle Income Group Countries
Key Target Audience
Rubber Compound Manufacturers, Rubber Compound Distributors/Traders/Wholesalers, Rubber Compound Subcomponent Manufacturers, Industry Association, Downstream Vendors and Others
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