Thermoplastic Elastomers In Rubber Production

Historically, the global rubber products manufacturing market grew at a compound annual growth rate (CAGR) of slightly above 4.5%.

According to TBRC’s world rubber industry outlook, the global rubber products manufacturing market is expected to grow to more than $500 billion in 2021 at a CAGR of nearly 5.5%.

Rise in the application of rubber products in the end use industry is one of the key drivers of the market.

Find TBRC’s report on the rubber market analysis: https://www.thebusinessresearchcompany.com/report/rubber-products-manufacturing-global-market-report-2018

Global demand for thermoplastic elastomers (TPEs) as a source for raw material to the rubber products is increasing. Thermoplastic Elastomer (TPEs) consist both elastomer and thermoplastic properties which can provide flexibility as well as toughness and are also tear resistant. These elastomers have the longer life and better physical range than thermoset rubber which includes rubber latex and silicone. TPEs can stretch to moderate elongations and return to its original shape. They can also be recycled or reprocessed at a temperature above melting point. Demand of TPEs are increasing rapidly as automobile companies are looking for ways to reduce motor vehicle weight.

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The global rubber products manufacturing market was valued at nearly $409 billion in 2017. Asia Pacific was the largest region in the rubber products manufacturing market in 2017, accounting for around 49% market share. China was the largest country in the market in 2017, accounting for around 20% market share.

The rubber products manufacturing market is segmented into Tire Manufacturing, Hoses And Belting Manufacturing and Other Rubber Product Manufacturing.

Tire Manufacturing companies manufacture tires, inner tubes and retreading or rebuilding tires from natural and synthetic rubbers other polymeric raw materials.

Rubber Hoses And Belting includes companies primarily engaged in producing rubber hoses and belting from synthetic and natural rubber, which are used for industrial and domestic purposes.

Other Rubber Product Manufacturing market comprises establishments engaged in the manufacturing of rubber products such as birth control devices, erasers, mechanical rubber goods (extruded, lathe-cut, molded), prophylactics, pipe, reclaiming rubber from waste or scrap, roofing, single-ply rubber membrane, rubber bands, stair treads, thread, toy inflatable rubber swimming pool rafts and weather-stripping.

The top five companies covered are Bridgestone Corporation, Michelin Inc, Good Year Tire & Rubber Company, Continental Tire the Americas and Pirelli & C SpA. Bridgestone Corporation was the largest company in the rubber products manufacturing market in 2017.

The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.

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