According to IMARC Group's latest research report, titled "Rubber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," presents a comprehensive analysis of the industry, covering rubber market trends, share, trends, demand, and growth prospects. The report also provides competitor and regional analysis and showcases the contemporary advancements in the global market.
The global rubber market size reached US$ 42.97 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 57.45 Billion by 2028, exhibiting a growth rate (CAGR) of 4.87% during 2023-2028.
Rubber is a synthetically created natural polymer derived from the sap of the Hevea brasiliensis tree. It is manufactured of polyisoprene and contains additional components, including proteins, resins, and inorganic compounds. It offers flexibility, toughness, low density, high tensile strength, and resistance to chemicals and water. It is also capable of stretching and regaining its normal form without suffering long-term damage. It is widely utilized in the development of conveyor belts to move goods uphill or downhill in a straight line. Additionally, it is also utilized in the creation of boots and shoe bottoms to cushion and support the feet.
Get Free Sample Copy of Report at – https://www.imarcgroup.com/rubber-market/requestsample
Significant growth in the automotive industry majorly drives the global market. This can be supported by the rising product utilization to manufacture numerous vehicle components, such as tires, gaskets, belts, engines, hoses, seals, and exhaust systems, to improve the performance and durability of the vehicle. Along with this, the increasing use of rubber for roofing, flooring, soundproofing, insulation, and waterproofing is growing the demand. In addition, a growing number of medical devices and equipment, including respirators, face masks, and gowns, requiring rubber due to the material's many benefits is also contributing to the market. Furthermore, the widespread integration of advanced technologies, such as sensors, actuators, microcontrollers, and communication systems is creating a positive market outlook.
The report has segmented the market into the following categories:
Type Insights:
Application Insights:
Breakup by Region:
Key Highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:
+91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
