Global Rubber Molding Market Opportunities and Forecast 2020-2027

Global Rubber Molding Market, By Type (Molding, Transfer Molding, Compression Molding, And Others), By Material (Ethylene Propylene Diene Monomer, Styrene-Butadiene Rubber, Natural Rubber, And Others), By Application, (Automotive, Healthcare, Industrial, Sporting Goods, And Others) And Opportunities And Forecast 2020-2027

Rubber Molding Market Overview

The Rubber Molding market is projected to witness a significant growth during the forecast period. Rapid developments in the automotive industry is the major factor driving the growth of the rubber molding market. Increasing development of advanced automotive and growing research and development activities in producing rubost material that would help increase the life of the vehicle is generating demand for rubber molding material.

Moreover, increasing demand in developing nations, growing trend towards green materials, stringent government regulations regarding vehicular emissions and safety, and technological advancements are also expected to provide significant growth opportunities in this market.

However, price volatility, and stringent regulatory barriers are likely to hinder the growth of the rubber molding market during the forecast period..

Covid-19 Impact on Rubber Molding Market:

The ongoing COVID-19 pandemic conditions has severely affected every sector around the world. Whereas, the chemicals and materials sectors moderately affected during the pandemic. This is primarily due to uncut demand of chemicals for healthcare, life science and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end use industries directly affected the chemical demand all around the world.

Rubber Molding Market Segment Overview

Based on type, the market is segmented into injection molding, transfer molding, compression molding, and others. The demand for injection molding is expected to increase during the forecast period owing to benefits such as automatic material feeding, use in high precision molding applications, high level of repeatability, and closed mold injection.

Based on material, the industry is segmented into ethylene propylene diene monomer, styrene-butadiene rubber, natural rubber, and others. The ethylene propylene diene monomer accounted for the highest share in the global rubber molding industry in 2018 owing to increasing demand from the automotive sector, rising penetration of electric vehicles, and stringent government regulations.

On the basis of application, the market is segmented into automotive, healthcare, industrial, sporting goods, and others. The automotive sector accounted for the highest market share in 2018 owing to increasing demand for passenger vehicles, and increasing restrictions regarding vehicle performance, safety, and emissions.

Market Analysis, Insights and Forecast – By Type

·       Molding, Transfer Molding
·       Compression Molding
·       Others

Market Analysis, Insights, and Forecast – By Material

·       Ethylene Propylene Diene Monomer
·       Styrene-Butadiene Rubber
·       Natural Rubber
·       Others

Market Analysis, Insights, and Forecast – By Application

·       Automotive
·       Healthcare
·       Industrial
·       Sporting Goods
·       Others

Rubber Molding Market Regional Overview

The regional analysis include adoption of Rubber Molding products across North America, Europe, Asia-Pacific (APAC), Latin America Middle East & Africa (MEA). In 2020, Asia-Pacific dominated the market as the automotive industry is this regional segment is growing at a rapid pace. Moreover, rapid urbanization, increasing resreach and development activities, expansion of international players in this region, and technological advancements are some of the additional factors attributed to the growth of this regional segment. Furthermore, Europe is expected to follow Asia-Pacific and hold second highest market share in the global market. Large presence of key players operating in this industry, and rapid advnacements in automotive industry are considered to the factors attributed to the huge market in this region.

Rubber Molding Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Rubber Molding Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Rubber Molding are highlighted below.

·       In June 2019, Trelleborg launched its expanded liquid silicone rubber manufacturing facility in Pernik, Bulgaria. This enabled the company to better focus on LSR manufacturing and enhanced customer service..

Rubber Molding Market, Key Players

·       Freudenberg and Co. Kg
·       Continental AG
·       Sumitomo Riko Co., Ltd
·       Hutchinson SA
·       Toyoda Gosei Co., Ltd
·       Trelleborg AB
·       Federal-Mogul Corporation
·       NOK Corporation
·       Bohra Rubber Pvt. Ltd
·       Steele Rubber Products