Rubber Molding Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022. —
The global rubber molding market has been experiencing swift growth over the past few years. Technological advancements and spreading awareness regarding advantages of lightweight automotive parts are fueling the growth of the market. Increasing automation alongside, the integration of the entire value chain in the rubber processing industry is positively impacting the market growth.
According to Market Research Future (MRFR), the global rubber molding market is expected to register a moderate 5.3% CAGR throughout the forecast period (2016 to 2022).
High demand for fuel-efficient vehicles is also another key driving force, enhancing the growth of the rubber molding market. The transportation industry, including aerospace, automotive, and marine, are growing by making the best of rubber molding advantages of performance and usability.
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The global rubber molding market has been segmented on the basis of component, types, material, vehicle type, and region. Component types have been segmented into hoses, gaskets, diaphragm, bellows, seals, and weather strips.
Types of rubber molding have been segmented into compression molding, liquid injection molding, transfer molding, and others.
Material has been segmented into ethylene propylene diene terpolymer (EPDM), natural rubber (NR), styrene butadiene rubber (SBR), and others . The EPDM segment is significant in the market due to its extensive use for automotive rubber molding. Ongoing development of EPDM materials is likely to provide the market with opportunities.
Vehicle types have been segmented into passenger vehicles and commercial vehicles. The passenger vehicles segment is particularly significant as there is a high demand for cost-effective, lightweight passenger vehicles.
Among the key regions analyzed in the report, the Asia Pacific has emerged as a leading regional market. Made up of China, Japan, South Korea, India, Thailand, and several other countries, the APAC is a heavily populated region. The region also has a number of rapidly emerging economies which have been witnessing a rise in disposable income. As a result, the demand for automotive vehicles has gone up. The region displays an affinity toward the adoption of compact and lightweight, fuel-efficient automotive vehicles, thus driving the market. Moreover, ongoing infrastructural developments and government support have attracted international players and other foreign investments further aiding economic growth in the region. The regions have been established as a manufacturing hub for automotive due to the low production costs, and cheap labor available in the region. The government's promotion and support for cars that have a minimal environmental impact is another driver for the APAC market. Additionally, the largest producers of rubber are in the APAC region. Countries like Thailand, Indonesia, Malaysia, India, and China are among the leading rubber producers in the world.
The Asia Pacific regional market is followed by Europe.
Federal-Mogul Corporation, DANA Holding Corporation, NOK Corporation, Trelleborg AB, AB SKF, Hutchinson Sa, Continental AG, Cooper-Standard Holdings Inc., Sumitomo Riko Co., Ltd., Toyoda Gosei Co., Ltd., and Freudenberg and Co. Kg are among the leading market players that are participating in the global rubber molding market. Their market strategies and several other important details regarding the above-mentioned competitors have been included in the report.
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