Industrial Rubber Products Market: Rise in Construction and Automotive Sector to Influence Market’s Growth 2024

The global industrial rubber products market is defined by the presence of equally balanced competitors with strong brands value, finds a research study by Transparency Market Research (TMR). The market exhibits a highly concentrated structure. The top six players in this market, namely, Continental AG, Hutchinson, Freudenberg Group, Cooper Standard Automotive Inc., Sumitomo Riko Co. Ltd., and Bridgestone Corp., accounted for more than 63% of the overall market in 2015. The leading companies are focusing aggressively on acquisitions and strategic partnerships, which is likely to increase the competition within the market over the next few years, notes the study.

According to the research report, the global market for industrial rubber products will be proliferating at a CAGR of 5.80% over the period of 2016-2024 with the opportunity in this market increasing from a value of US$47.7 bn in 2015 to US$79.5 bn by the end of the forecast period. Mechanical rubber goods have surfaced as the most valued product in this market. Analysts expect this trend to remain same over the forthcoming years due to the increasing usage of these goods in automobiles across the world.

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Demand for Industrial Rubber Products to Remain Stronger in Automotive Sector

In this report, the construction, automotive, and the aerospace industries have been considered as the prime end users of industrial rubber products, among which, the most prominent demand for these products is being registered by the automotive sector. The widespread application of these products in the interiors, under the hood, and the overall structure of automobiles is expected to maintain the position of the automotive industry as the key end user of industrial rubber products over the next few years.

The report further presents a geographical assessment of the worldwide industrial rubber products. According to it, North America, the Middle East and Africa, Latin America, Europe, and Asia Pacific are the main regional markets for industrial rubber products across the world. Amongst all, Asia Pacific acquired the leading position in 2015 with a share of 40% in the overall market. Researchers predict this regional market to remain on top throughout the forecast period, thanks to the presence of a massive pool of large-sized rubber production facilities in a number of Asian economies, such as India, China, Thailand, Malaysia, and Indonesia.

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Urbanization and Industrialization Playing Crucial Role in Increasing Demand for Industrial Rubber Products

“The rapid urbanization, strengthening economy, and the ongoing efforts towards industrialization have influenced the global market for industrial rubber products significantly,” says a TMR analyst. With the rising construction activities to cater the requirements created by urbanization and industrialization across the world, the demand for industrial rubber products is likely to increase substantially in the near future.

The steady growth in production of motorcycles and bicycles, fueled by the rising trend of owning a vehicle among consumers is also projected to boost the worldwide market for industrial rubber products over the next few years. However, the volatile nature of the raw material prices and the increasing import penetration and decreasing demand from transportation equipment manufacturing are likely to affect the market severely during the forecast period, states the research report.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

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