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The global rubber market is anticipated to gain impetus from a rise in the demand from tire and non-tire automotive parts sector. This information is published in a report by Fortune Business Insights, titled, “Rubber Market Size, Share and Industry Analysis, By Type (Natural, and Synthetic), By Application (Tire, Non-Tire Automotive, Footwear, Industrial Goods, and Others), and Regional Forecast, 2019-2026.” The report further mentions that the rubber market size is projected to reach USD 60.38 Billion by 2026, thereby exhibiting a CAGR of 5.1% during the forecast period. However, the market was valued at USD 40.71 Billion in 2018. Furthermore, rubber consists of numerous crucial properties, namely, high flexibility, insulation property, and weather resistance. Hence, it is used in manufacturing non-flat belts, elevators, and transmission belts.
Browse Complete Report [email protected] https://www.fortunebusinessinsights.com/industry-reports/rubber-market-101612
Fortune Business Insights profiles few of the most prominent companies operating in the rubber market. They are as follows:
The report provides a detailed analysis of the rubber market growth rate and size for all the significant segments. It further offers qualitative and quantitative insights into the industry, such as rubber market trends, growth drivers, hindrances, competitive landscape, and challenges. It also aids in highlighting and analyzing the most important business strategies of renowned market players. Combined with this, it presents accurate information regarding market value, size, and volume.
North America to Dominate: Increasing Demand from Automotive and Footwear Industries to Boost Growth
The rubber market is geographically divided into Europe, the Middle East and Africa, North America, Latin America, and Asia Pacific. Out of these regions, North America is projected to dominate the market during the forecast period. It would occur due to the increasing demand for rubber from footwear and automotive applications. Additionally, the ongoing technological advancements and a rise in the applications in textile and chemical industry would contribute to the rubber market growth in this region.
The Middle East and Africa and Latin America are anticipated to showcase lower growth as compared to the other regions. It is likely to happen due to reduced production of tires, expensive nature of synthetic rubber, and increasing dependency on the imports of natural rubber.
Table of Content from rubber market
1. Introduction of rubber market
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Industry Trends
4.2. Overview of Global Natural Rubber Production
4.3. Overview of Global Synthetic Rubber Production
4.4. Overview of Global Automotive Production
5. Global Rubber Market Analysis, Insights and Forecast, 2014-2025
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast By Type
5.2.1. Natural Rubber
5.2.2. Synthetic Rubber
5.3. Market Analysis, Insights and Forecast By Application
5.3.2. Non-Tire Automotive
5.3.4. Industrial Goods
5.4. Market Analysis, Insights and Forecast By Region
5.4.1. North America
5.4.3. Asia pacific
5.4.4. Latin America
5.4.5. Middle East and Africa
6. North America Rubber Market Analysis, Insights and Forecast, 2014-2025
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To view the original version on The Express Wire visit Rubber Market Worth by Top International Players USD 60.38 Billion by 2026| Fortune Business Insights