New York
City, 28 January 2019: The Report Rubber Molding Market
size was projected to reach 51.42 billion by
2026 and is anticipated to grow at a CAGR of 5.7% during the forecast period,
according to a new research published by Polaris Market Research. In 2017, the
automotive segment dominated the global market, in terms of revenue.
Asia-Pacific is expected to be the leading contributor to the global market
during the forecast period.
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.
Competitive Landscape and Key Vendors:
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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