TechNavio recognizes the following companies as the key players in the Global Industrial Rubber Products Market: Bridgestone Corp., Continental AG, Cooper-Standard Automotive Inc., Freudenberg and Co., KG, and Hutchinson SA.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Industrial rubber products are used in several applications due to their advantages such as the ability to withstand extreme environments, durability, corrosion protection against chemicals, acids, and alkalis, and their property of impermeability. These properties of rubber make it a key product in a wide range of industrial applications. For instance, rubber products such as seals, closures, stops, caps, and containers are increasingly used in the Medical and Pharmaceutical sector to protect the product contents against external environment contaminants. Rubber products such as tank linings and condenser packaging have industrial applications due to their high resistance to moisture, heat, and ozone gas. In addition, the Construction industry is increasing the use of geomembranes for waterproofing applications. Thus, the increased use of rubber products in various applications is expected to drive the growth of the Global Industrial Rubber Products market during the period 2012-2016.”
According to the report, one of the main drivers for this market is the rapid growth of the Automotive industry. The increase in the production of motor vehicles increases the demand for several industrial rubber products such as belts, hoses, and gaskets.
Further, the report states that one of the major challenges in this market is the increased threat from substitute products. Industrial rubber products face strong competition from an innovative range of plastics. The use of thermoplastic elastomers in various industries, especially in cost-conscious countries, reduces the market share of industrial rubber products across the globe.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Bando Chemical Industries Ltd., Carlisle Companies Inc., Delphi Corp., Eaton Corp., Federal-Mogul Corp., JSJ Corp., Lanxess AG, Michelin SCA, Meiji Rubber and Chemical Co. Ltd., Mitsubishi Belting Ltd., Myers Industries Inc., Nichirin Co. Ltd., NOK Corp., Parker-Hannifin Corp., Sumitomo Rubber Industries Ltd., The Goodyear Tire and Rubber Company, The Yokohama Rubber Company Ltd., Tokai Rubber Industries Ltd., Tomkins plc, Toyo Tire and Rubber Co. Ltd., and Trelleborg AB.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-industrial-rubber-products-marke…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Industrial Rubber Products Market 2012-2016
