Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

Thermoplastic Elastomers In Rubber Production

Author: Praneeth Tbrc
by Praneeth Tbrc
Posted: Dec 17, 2018

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.

Download a sample of the rubber industry report: https://www.thebusinessresearchcompany.com/sample.aspx?id=74&type=smp

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.

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information.

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company

About the Author

The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations.

Rate this Article
Leave a Comment
Author Thumbnail
I Agree:
Comment 
Pictures
Author: Praneeth Tbrc

Praneeth Tbrc

Member since: Nov 04, 2018
Published articles: 60

Related Articles