Global Automotive Rubber Molding Market Forecast at $44.2 Billion by 2025
Rubber&Tire Digest 06/03/2020 512 views
According to a recent study by www.marketinsightsreports.com, over the next five years the automotive rubber molding market will register a 3.1 percent CAGR in terms of revenue, the global market size will reach $44,290 million by 2025, from $39,180 million in 2019. Key players include: ContiTech AG, Nishikawa, Freudenberg, NOK, Cooper-Standard, Sumitomo Riko, Zhong Ding, Hutchinson, Dana Inc., Toyoda Gosei, Trelleborg, Ningbo Tuopu Group, Times New Material Technology, AB SKF, Tenneco, Gates and Elringklinger. The leading players of the automotive rubber molding industry, their market share, product portfolio and company profiles are covered in this report. The competitive market scenario among automotive rubber molding players will help the industry aspirants in planning their strategies. Rubber molding is a molding process that produces a useable rubber product. Rubber products are made from uncured rubber or elastomers. An elastomer is any material with sufficient resilience or memory for returning to its original shape in response to pressure or distortions. Asia-Oceania is estimated to occupy the largest share in the automotive rubber molded components market in 2018. With regard to material type, ethylene propylene diene terpolymer (EPDM) is estimated to dominate the market in 2018, followed by styrene butadiene rubber (SBR). The increasing demand for comfort and safety creates promising growth opportunities for driver assistance systems, which incorporate automotive rubber molded components, and would consequently boost the demand for the same.