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Global industrial rubber market forecast at $45 billion by 2026

  2/22/2021 - New York, NY - According to the research study by Facts and Factors, the global industrial rubber market was estimated at $32 billion in 2019, and is expected to reach $45 billion by 2026. The global industrial rubber market is expected to grow at a compound annual growth rate (CAGR) of 5 percent from 2019 to 2026. The industrial rubber market is projected to witness significant demand in the forthcoming time. The demand from industries such as building and construction and automotive is estimated to fetch predominant demand for industrial rubber. Rubber products are having a wide range of applications in various fields. The rubber components used in the automotive industry are generating significant demand for industrial rubber. In the automotive industry, industrial rubber is used in brakes, components and tires. Also, a growing disposable income of the population and rising technological advancement in the construction and building industry is boosting the growth of the industrial rubber market. The growing greenhouse gas legislation and mandates may hinder the market growth, while it is also estimated to create an opportunity for natural-based or bio-based rubber in the upcoming years. Top market players include Lanxess; Zeon Corporation; Sinopec; Versalis S.p. A.; LG Chem; Goodyear Tire and Rubber Company; JSR Corporation; Kumho Petrochemical; Nizhnekamskneftekhim; and TSRC Corporation. The industrial rubber market is segmented by type, product and application. Based on type, the market is bifurcated as synthetic rubber and natural rubber. Synthetic rubber is estimated to have predominant demand owing to easy production and availability. Also, inherent properties and characteristics of synthetic rubber such as resistance to high temperature and longer life are making synthetic rubber favorable to use. On the basis of the product, the market is categorized as mechanical rubber goods, rubber roofing, rubber belt, rubber hose, and others. Mechanical rubber goods and rubber belt and rubber hose are estimated to generate significant demand owing to their wider range of application. In terms of the application, the market is further divided into automotive, medical and healthcare, building ad construction, coating, sealant and adhesive, industrial manufacturing, bitumen modification, polymer modification, electrical and electronics, wire and cable, and other applications. The automotive market is estimated to have significant demand owing to the demand for bikes, commercial cars and heavy vehicles.

Monday, March 8, 2021

ECO USA completes phase one for first silicone rubber recycling plant in the U.S. - click to expand

Medical grade silicone tube market forecast at $18.5 billion by 2027 - click to expand

Rubber Division offers upcoming learning opportunities for compound development - click to expand

Meridian Adhesives acquires European adhesive suppliers GENTEC and FT Polymer - click to expand

DuPont to expand production of Molykote specialty lubricants facilities - click to expand

Michelin North America launches the Michelin X One Multi T trailer tire - click to expand

Friday, March 5, 2021

USW denounces Giti Tire for laying off 100 workers in South Carolina - click to expand

Smithers moves into new building in Suzhou, China, expanding it tire, wheel and product testing operations - click to expand

Goodyear, EASE Logistics create pilot program for cloud based tire technology - click to expand

Milestar introduces Weatherguard AS710 Sport all-season tire - click to expand

Twin Cities Rubber Group announces free virtual technical meeting on HNBR curing - click to expand

Goodyear announces leadership changes to coincide with acquisition of Cooper Tire - click to expand

Thursday, March 4, 2021

Global adhesive and sealant market forecast at $83 billion by 2026 - click to expand

Smithers cancels planned corporate headquarters move - click to expand

Specialty Silicone Products announces EMI silicones for ADAS and advanced automotive applications - click to expand

Rubber Division extends deadline for scholarship applications - click to expand

Wacker Polymers announces global price increase for dispersions, resins and dispersible polymer powders - click to expand

Rubber and tire industry webinars organized by KnowHow Webinars - click to expand

Wednesday, March 3, 2021

Michelin announces price increase for Michelin, BFGoodrich and Uniroyal passenger and light truck tires - click to expand

Cabot expands capabilities at Malaysian manufacturing facility - click to expand

Federal district judge dismisses lawsuit against Denka Performance Elastomer in Louisiana - click to expand

U.S manufacturing activity increases 2.1 percent in February - click to expand

Gelest founder Barry Arkles elected to National Academy of Engineering - click to expand

USTMA forecasts increased tire shipments for 2021 - click to expand

Tuesday, March 2, 2021

Cooper Tire recalls more than 430,000 light truck tires in the U.S. - click to expand

BFGoodrich Tires launches Advantage Control tire for passenger cars, crossovers and minivans - click to expand

Global rubber molding market size expected to reach $51.42 billion by 2026 - click to expand

KraussMaffei is selling its subsidiary, KraussMaffei Austria, to Luger GmbH - click to expand

ARPM announces 2021 Environmental Health and Safety (EHS) Summit - click to expand

Michelin launches Pilot Sport EV tire for electric sport vehicles - click to expand

Monday, March 1, 2021

Andrew Alaya promoted to Davis-Standard vice president, aftermarket sales - click to expand

Bridgestone, Arlanxeo and Solvay co-develop Techsyn tire technology - click to expand

Arburg releases 2020 sustainability report - click to expand

Goldsmith & Eggleton introduces raw materials handling line - click to expand

Goodyear names Christopher P. Helsel senior vice president, global operations and chief technology officer - click to expand

Arkema reports full year 2020 financial results - click to expand

Market Reports

Medical grade silicone tube market forecast at $18.5 billion by 2027 - click to expand

U.S manufacturing activity increases 2.1 percent in February - click to expand

Global adhesive and sealant market forecast at $83 billion by 2026 - click to expand

Global rubber molding market size is expected to reach $51.42 billion by 2026 - click to expand

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