As per this study the Global Non-Tire Rubber Market was valued USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2027 with a CAGR of XX%.
Non-tire rubber is an artificial rubber (synthetic rubber), which is light in weight, made from raw materials such as butadiene, styrene, isoprene, chloroprene, isobutylene, acrylonitrile, ethylene and propylene, and some petrochemicals. The non-tire rubber sector comprises the medium-scale, small-scale and tiny units, which produce high technology and sophisticated industrial products. Non-tire rubber finds application in the automotive sector and a variety of auto components such as fan belts, mountings, hoses, and others.
The growing use of non-tire rubbers in automotive applications, in order to reduce the weight of vehicles for fuel efficiency, is stimulating the non-tire rubber market demand. Moreover, rising application of non-tire rubber for the production of rubber gloves, rubber hoses, medical equipment and devices, rubber belts, roofing (rubber), mechanical rubber goods, toys is fueling market growth. However, factors such as allergies to latex that are faced by consumers, and volatile prices of raw materials, used for non-tire rubber, shutter the market growth. Whereas, a large untapped market for developing and un-developing countries and some technological advancements in non-tire rubber products is expected to boost the market growth over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of Non Tire Rubber.
The broad Non Tire Rubber market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- General Rubber
- Special Rubber
- Automotive (Non-tire)
- Building & Construction
- Industrial Products
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for Non Tire Rubber in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Non-Tire Rubber Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Non Tire Rubber market include Exxon Mobil, Goodyear, JSR, KUMHO Petrochemical, Lanxess, Lion Elastomers, NKNH, Polimeri Eruopa, Sibur, Zeon, and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.