1. Market Research
  2. > Materials
  3. > Resin and Rubber Market Trends

World Industrial Rubber Products Market, Freedonia

  • December 2014
  • 449 pages
  • Freedonia
Report ID: 701883

Summary

Table of Contents

World demand to rise 6.6% annually through 2018

Worldwide demand for industrial rubber products is projected to rise a healthy 6.6 percent annually to $158 billion in 2018. Sales will be boosted by an acceleration in fixed investment expenditures and expanding durable goods output. Also contributing to value gains will be a shift in the product mix toward more expensive, better performing items. However, competition from alternative materials (primarily plastics) in some applications will limit the overall pace of market growth through 2018, as will the use of improved designs and higher quality rubber materials, which will reduce aftermarket component needs.

Mechanical goods to claim half of all sales

Mechanical goods (including vehicular body seals, vibration control products, and wiper blades, among other items) will account for roughly half of all industrial rubber goods sales in 2018. Suppliers will benefit from increased output of motor vehicles, a pickup in machinery production, and growth in equipment and vehicular stocks as investment spending climbs. However, rubber hose, the second largest product segment, will post faster advances, due in part to rising demand for higher priced, better quality items.

Industrial equipment, motor vehicle markets are key

Industrial equipment (including off-road machinery) represents the largest market for industrial rubber goods, accounting for over half of the 2013 sales total. Motor vehicles are the second largest market, responsible for one-third of all product demand, with construction, aerospace equipment, and other applications accounting for the remainder.

China to post strongest gains

China will post the strongest gains of any national market in value terms. In fact, almost half of all additional product demand through 2018 will be accounted for by China. Market advances in the country will be stimulated by robust economic growth, ongoing increases in business investment spending, strong gains in manufacturing output, and healthy levels of motor vehicle production and sales. India, a considerably smaller but still large industrial rubber goods market, will also record large, double-digit annual percentage increases. A number of smaller national markets -- including Indonesia, Thailand, Turkey, Malaysia, and Brazil -- are expected to register healthy sales advances as well. Global industrial rubber product demand is projected to climb at more moderate rates in the US and Western Europe, supported by renewed strength in gross fixed investment and growth in durable goods output. Product sales in Japan will rebound from recent declines, but market advances will be well below the world average, limited by generally sluggish increases in durable goods activity and further decreases in motor vehicle output.
Demand growth in Eastern Europe will be stronger than during the 2008-2013 period but not as robust as increases in other developing areas because investment expenditures and durable goods production will not rise as rapidly, due in part to subpar economic gains in neighboring Western Europe, which represents a major export market for many East European manufacturers.

Study coverage

Details on these and other key findings are contained in World Industrial Rubber Products . It presents historical demand data (2003, 2008 and 2013) plus forecasts for 2018 and 2023 by market, product, region, and for 27 countries. The study also considers market environment factors, examines the industry structure, evaluates company market share and profiles 41 industry competitors worldwide.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers
Industrial Rubber Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Industrial Rubber Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • April 2017
  • by Transparency Market Research

Global Industrial Rubber Products Market: Overview This report analyzes and forecasts the market for Industrial Rubber Products at the global and regional level. The market has been forecast based on revenue ...

Isoprene Market by Type, Application, End-Use Industry, and Region - Global Forecast to 2021

Isoprene Market by Type, Application, End-Use Industry, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“The isoprene market is expected to grow at a CAGR of 7.4% during forecast period” The isoprene market is projected to reach USD 2.96 billion by 2021, at a CAGR of 7.4% from 2016 to 2021. Isoprene ...

Global Industrial Rubber Products - Industrial Supplies & Accessories

Global Industrial Rubber Products - Industrial Supplies & Accessories

  • $ 4950
  • Industry report
  • January 2017
  • by Global Industry Analysts

This report analyzes the worldwide markets for Industrial Rubber Products in US$ Million by the following Product Segments: Mechanical Rubber Goods, Rubber Hose and Belting, and Others. The US and Chinese ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.