Primary Drivers and Key Barrier
Rubber molding refers to the process involving the manufacturing of usable rubber products. Rubber molding makes use of uncured rubber or elastomers to produce rubber products. It helps produce molded rubber parts wherein a block of rubber is pressed into a rubber molding metal cavity. Following this, the rubber makes use of pressure and heat to form molded rubber products.
Rising applications of rubber molding in the automotive industry coupled with the worldwide expansion of manufacturing sector stimulate market growth. Also, increasing application of rubber molding in manufacturing of tires combined with soaring demand for vehicles benefits the market to a great extent. Other factors that drive market growth include rising automobile production, modernization of industrial machinery and rapid industrialization.
Furthermore, the rubber molding industry gets a significant boost from the growing adoption of lightweight materials used to manufacture vehicles along with increasing penetration of electric vehicles. With the surge in stringent government regulations with regard to fuel efficiency, safety, as well as vehicular emissions, boosts the demand for rubber molding. Surging trend towards green materials and technological innovations also offer a number of growth opportunities to the global rubber molding industry.
Get Free Sample of Complete Report Details of “Global Rubber Molding Market Research Report – Forecast to 2022” At: https://www.marketresearchfuture.com/sample_request/1906
Market Segmentation
The global rubber molding market has been categorized in terms of component, types, material, and vehicle type.
The component types mentioned in the report are gaskets, hoses, bellows, diaphragm, seals, and weather strips.
Types of rubber molding include liquid injection molding, compression molding, transfer molding, and others.
The market, depending on the material, is considered for natural rubber (NR), ethylene propylene diene terpolymer (EPDM), styrene-butadiene rubber (SBR), and others. The EPDM segment holds immense significance in the market, given its extensive use in the automotive industry. Ongoing advancements in EPDM materials also boost market demand.
Vehicle types covered by the report are passenger vehicles and commercial vehicles. The passenger vehicles segment enjoys higher demand than its counterpart in the market, due to the rising demand for cost-effective, lightweight passenger vehicles.
Regional Insight
Asia Pacific (APAC), North America, Europe and the rest of the world (RoW) are the key regions on the basis of which the rubber molding market has been studied in the MRFR report.
APAC is making its presence felt in the global rubber molding market and has managed to seize the highest share. China has emerged as a highly lucrative market for rubber molding in the region. An expansive population along with the low production cost of vehicles in the region works in favor of the rubber molding market. APAC is known for high production of cost-effective and compact cars. Some other growth-inducing factors in market growth include surge in government initiatives for FDIs, lenient emission and safety norms and easy availability of economical labor. Currently ongoing infrastructural developments combined with strong government support is luring in international vendors and other foreign investments, which also benefits the regional market.
Europe is the second-largest market for rubber molding, thanks to the upsurge in demand for environmentally friendly and fuel-efficient vehicles. A number of chemical companies are exploring advanced molding processes for manufacturing of rubber molding components. These factors are deemed to boost market demand in the region in the coming years.
Steady economic and infrastructural growth has helped North America become a bankable region in the global rubber molding market. Soaring demand for automobiles paired with high spending capability of the population in the region results in considerable market growth, which is expected to be consistent even in the future.
Top Competitors
NOK Corporation, Federal-Mogul Corporation, Trelleborg AB, AB SKF, Hutchinson Sa, Continental AG, Cooper-Standard Holdings Inc., Freudenberg and Co. Kg, Toyoda Gosei Co., Ltd., DANA Holding Corporation, Sumitomo Riko Co., Ltd., are the top competitors in the worldwide rubber molding market.
Complete Report Details of “Global Rubber Molding Market Research Report – Forecast to 2022” At: https://www.marketresearchfuture.com/reports/rubber-molding-market-1906
Continued…….
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/rubber-molding-market-1906