Market Scope
The report on the rubber molding market, published by Market Research Future (MRFR) is expected to exhibit a CAGR of 5.3% across the forecast years of 2016 to 2022. High automotive applications of rubber moulding for the fabrication of their various components is expected to surge its global market in the years to come. The report discuss forces that are likely to control the market and states figures with high degree of accuracy.
Market Insights
The high demand for rubber mould due to its lightweight is expected to underpin its global market. Other benefits of moulded rubber, such as high stability in every temperature, improved electrical resistance, and increased resistance chemicals and UV are also likely to gain high margins for the market. EPDM is highly used in the fabrication of electric vehicle. Currently, it is observed that due to rise in environment pollution and strict government policies regarding protection of the environment are likely to replace fuel powered automobiles. Hence, increase in the production and sales of electric automobiles is expected to favor the rubber molding market. Additional causes, such as technical and growing demand for affordable vehicles can promote the market growth.
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Segmental Outline
The rubber molding market is segmented by types, component, material, and vehicle type.
By component, the rubber molding market is segmented into diaphragm, hoses, gaskets, bellows, seals, and weather strips.
By type of rubber molding, the market is segmented into compression molding, transfer molding, liquid injection molding, and others.
By material, the market is segmented into natural rubber (NR), styrene butadiene rubber (SBR), ethylene propylene diene terpolymer (EPDM), and others. The EPDM segment holds greater significance in the expansion of the market. The extensive use of EPDM in the ever-growing automotive industry the EPDM segment is likely to win high margins for the rubber molding market. In addition, the upcoming developments of EPDM materials is expected to feed the market with better opportunities to grow.
By type of vehicle, the market has been segmented into commercial vehicles and passenger vehicles. The passenger vehicles segment is has a significant role in the market growth. The growing demand for cost-affordability and lightweight passenger vehicles is expected to boost the market expansion.
Key Players
DANA Holding Corporation, Federal-Mogul Corporation, NOK Corporation, SKF, Hutchinson Sa, Continental AG, Trelleborg AB, Sumitomo Riko Co., Ltd., Toyoda Gosei Co., Ltd., Freudenberg, Cooper-Standard Holdings Inc., and Co. Kg are some of the leading companies in the global market of rubber molding. Dynamics these key players are undergoing are elaborated in the report.
Regional Outlook
The rubber molding market in the Asia Pacific region is likely to gain superiority globally. China Thailand, South Korea, India, Japan, and other powerful economies of APAC is witnessing hike in disposable income of people. As a result, the demand for smart cars is surging. Alongside, the comfort threshold of people is also rising. Hence, APAC is experiencing rise in the adoption of lightweight, compact, and fuel-efficient automotive vehicles. The continuous infrastructural developments and support from the regional governments are attracting foreign players to invest in the market, which is further strengthening the economy of the region. The automakers of the region are prospering due to low production expense and affordable labor cost. In addition, governments’ are promoting cars that have minimal adverse effect on the environment, such as electric cars. EPDM is extensively used in electric car production. Regions, such as Thailand, Malaysia, Indonesia, China, and India are top producers of rubber. These factors are expected to escalate the APAC rubber molding market. The Europe market is likely to follow the lead.
Complete Report Details of “Global Rubber Molding Market Research Report – Forecast to 2022” At: https://www.marketresearchfuture.com/reports/rubber-molding-market-1906
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