Rubber is a polymer that can stretch and shrink. It can be produced naturally or can be synthesized on an industrial scale. Rubber is used for making tires, gloves, plugs, and masks. Automotive rubber refers to rubber or rubber parts used in the automotive sector. The various benefits proffered by automotive rubbers include resistance to abrasion, chemical & grease, petroleum & oil, hot & cold temperature sustainability, and high tear strength.
MARKET DYNAMICS
Immensely developing demand from automotive industry drives the growth in the automotive rubber market. Growing miniaturization in products is also a factor responsible for driving market growth. However, fluctuation in raw material prices and dynamic geopolitical structure in various countries hampers the fruitful development of the automotive rubber market. Technological advancements in the manufacture of tires and large untapped market in anticipated to bode well the growth of the automotive rubber market in the near future.
MARKET SCOPE
The "Global Automotive Rubber Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive rubber market with detailed market segmentation by type, end user and geography. The global automotive rubber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive rubber market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global automotive rubber market is segmented on the basis of type, end user and geography. On the basis of type the market classify intonatural and synthetic. In terms of end user, the market is broken into tire and non tire component.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive rubber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the automotive rubber market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive rubber market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive rubber market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive rubber market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive rubber market in the global market. Below mentioned is the list of few companies engaged in the automotive rubber market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive rubber market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Bridgestone India Automotive Products Pvt. Ltd.
- DuPont de Nemours, Inc.
- Lanxess Aktiengesellschaft
- Pirelli and C. S.p.A
- Saudi Basic Industries Corporation
- Shin-Etsu Chemical Co. Ltd.
- The Goodyear Tire & Rubber Company
- Toyo Tire & Rubber Co Ltd.
- Yokohama Rubber Company Ltd.
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