As per this study, the Global Rubber Compound Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%. By volume, the market was estimated XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
The compounds which are used to manufacture rubber products in the different market are referred to the rubber compounds. These products possess properties like low compression set and good resilience excellent heat which enables their application across the various end-user industry. Rubber compound has high demand across the automotive sector for the production of tires. They also have application across the different industrial sector.
Growing demand from the automotive industry for the production of automotive components such as tires, seat etc. are fueling the market growth. Additionally, growing demand for styrene butadiene rubber which has application across footwear, polymer development and adhesives will further propel the market growth. Rising application of elastomer will also demand rubber compound.
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 rubber compound.
The broad rubber compound market has been sub-grouped into product 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.
By Product Type
- Hose and Belting
- Roofing and Geo Membranes
- Wire and Cable Insulation
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for rubber compound 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 Rubber Compound 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 rubber compound market include AirBoss Rubber Compounding, BD Technical Polymer, Condor, ContiTech, Dyna-Mix, Hexpol Compounding, KRAIBURG, Polymer-Technik Elbe, Preferred Compounding, and Roop. 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.