Global Automotive Rubber Market Drivers, Restraints, Opportunities, Trends and Forecasts to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 5, 2018--The “Automotive Rubber Market By Types (Natural and Synthetic Rubber), By End-user (Tire Component and Non-tire component) and By Geography - Global Driver, Restraints, Opportunities, Trends, and Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
Growing usage of the tire and non-tire component applications is fostering the automotive rubber market growth. The companies are indulged in R&D activities to innovate and develop new products, which can open new paths of applications.
Asia Pacific is the emerging region and also has a significant share in the global automotive rubber market. Other than Asia Pacific, South America, Middle East, and developing countries of Europe have been witnessing substantial growth scenarios for automotive rubber.
China and India are driving the demand for automotive rubber in the Asia Pacific region due to regional growth along with huge base of automobile manufacturers, increasing demand for non-tire components from various applications industries, and the existence of OEMs for automotive rubber. In developing regions, growing purchase power is leading the economic growth.
Globally, Asia Pacific is the largest automotive rubber market, primarily due to the presence of export-oriented manufacturing capacities and intense domestic demand from various end-user industries. The increase in the number of manufacturing industries is further driving the market growth in the region.
The anticipated economic stability in Europe is expected to boost its manufacturing sector, complementing the growth of the automotive rubber market. North America is likely to remain the key region with a significant contribution from the US.
DriversGrowing Miniaturization in the Products Immensely Growing Demand Automotive Industry
RestraintsRaw Material Price Fluctuations Changing Geo-Political Structure of Various Countries
OpportunitiesLarge Untapped Market in Developing and Underdeveloped Countries Technological Developments in Tire Manufacturing
Companies FeaturedBASF SE DowDuPont Inc. LANXESS SABIC Shin-Etsu Chemical Corp.
Key Topics Covered
1 Executive Summary
2 Market Positioning
3 Market Outlook
4 Market Characteristics
5 Automotive Rubber Market, By Type
6 Automotive Rubber Market, By End-user
7 Automotive Rubber Market, By Geography
8 Competitive Landscape
9 Vendor Profiles
10 Customers Profile
11 Companies to Watch For
13 Expert’s Views
For more information about this report visit https://www.researchandmarkets.com/research/h3tkd8/global_automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181005005246/en/
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Related Topics:Automotive Materials
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING NATURAL RESOURCES FOREST PRODUCTS AUTOMOTIVE TIRES & RUBBER OTHER AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/05/2018 08:24 AM/DISC: 10/05/2018 08:24 AM