The global rubber molding market size is expected to reach USD 51.42 billion by 2026 according to a new study by Polaris Market Research. The report “Rubber Molding Market Share, Size, Trends, Industry Analysis Report By Type (Injection Molding, Transfer Molding, Compression Molding); By Material (EPDM, SBR, Natural Rubber); By End User (Automotive, Healthcare, Industrial, Sporting Goods); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rubber molding is increasingly being used in manufacturing of automotive parts. The growing urbanization and improving living standards have increased the demand for automobiles, thereby supporting the market growth. The growth in global automotive industry and increasing average life of vehicles has resulted in market growth. The growing need for improved fuel efficiency and reduced rolling resistance accelerates the demand for rubber molding. Other driving factors include rapid industrialization, production at faster rates, and modernization of industrial machinery. Increasing demand from developing nations, increasing trend towards green materials, stringent government regulations regarding vehicular emissions and safety, and technological advancements are expected provide numerous growth opportunities to the market players during the forecast period.
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The injection molding process is categorized into three types namely organic rubber injection, liquid injection molding, and thermoplastic rubber. Organic rubber injection offers benefits such as elimination of operator placement of pre-forms, easy flow into the cavities owing to decreased viscosity of materials, and quicker cycle times than compression and transfer molding. Liquid injection molding offers benefits such as reduced contamination, optimized cycle times, biocompatibility, inertness and stability, flexibility, and superior heat resistance. The features offered by thermoplastic rubber include simplified processing, and recyclable scraps and parts.
Asia-Pacific generated the highest revenue in the rubber molding market in 2018, and is expected to lead the global market throughout the forecast period. The presence of emerging industries such as healthcare, construction, and automotive, substantial initiatives in research and development, and stringent government policies regarding vehicular emissions, performance, and safety drive the market growth. Rapid industrialization and growth of manufacturing industry further support market growth in the region.
The well-known companies profiled in the report include Freudenberg and Co. Kg, Continental AG, Sumitomo Riko Co., Ltd., NOK Corporation, Federal-Mogul Corporation, Hutchinson SA, Toyoda Gosei Co., Ltd., Trelleborg AB, Bohra Rubber Pvt. Ltd, and Steele Rubber Products among others. These companies are consistently launching new products to enhance their offerings in the rubber molding industry. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their reach in the market.
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Polaris Market Research has segmented the global Rubber Molding Market on the basis of type, material, end-user and region.
Rubber Molding Type Outlook (Revenue, USD Billion, 2015 – 2026)
- Injection Molding
- Transfer Molding
- Compression Molding
Rubber Molding Material Outlook (Revenue, USD Billion, 2015 – 2026
- Ethylene Propylene Diene Monomer
- Styrene-Butadiene Rubber
- Natural Rubber
Rubber Molding Material End-User Outlook (Revenue, USD Billion, 2015 – 2026)
- Sporting Goods
Rubber Molding Material Regional Outlook (Revenue, USD Billion, 2015 – 2026)
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Belgium, Russia, Netherlands, RoE)
- Asia Pacific (India, Japan, China, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines, RoAPAC)
- Latin America (Brazil, Mexico, Argentina, RoLATAM)
- MEA (UAE, Saudi Arabia, South Africa, Rest of MEA)
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
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