The worldwide market for Rubber compounds is valued at 8295.5 million USD in 2020 and is expected to reach 9610.3 million USD by the end of 2027, growing at a CAGR of 8.1% during 2022-2027
The main chemical constituents of rubber are elastomers or elastic polymers, large chainlike molecules that might be stretched to great lengths and yet recover their original shape. The first common elastomer was polyisoprene, from which natural rubber is made.The rubber compound is an elastomer compound with thousands of formations and a combination of 4- 15 elements. It is a material used to create rubber products such as car tires, rubber molded parts, O-rings, flat seals, automotive body parts, and others. It is used widely in the automotive industry because of its sustainability, longer shelf-life, and resistance against harsh environments and damages. It decreases vibrations in an automobile and upgrades the driving experience. It insulates the car and rises the resistance of automotive parts against damages. It is also used as a rubber mat thatcan be cleaned easily. It is made up of materials such as polymer, filler, and others.The automotive industry also finds its applications in footwear, adhesives, construction, and wire & cable applications and others. It is a very material used in wire insulation because of its excellent heat absorption and resistance against environmental conditions. It is used in construction applications because of its rigidity, longer shelf-life, and insulation. It is used in the footwear industry to create shoes with excellent grip and rigidity against friction and damages. So, these factors shall positively influence the growth of the market in the upcoming years.The rubber compound is used extensively in the automotive area because of its rigidity and temperature deflation properties. It is very useful to revamp vehicle vibration absorption and guarantees a smooth driving experience to the drivers. It is used throughout an automobile because of its excellent rigidity, durability, and heat and vibration absorption. It is used in rubber mats, tires, sealing, and other applications in an automobile. Its rigidity against effects, excellent grip, friction resistance, sustenance, and provides optimal safety to drivers.
COOPER STANDARD COMPLETES SALE OF EUROPEAN PROPERTY, ADDING TO CONTINUING SOLID LIQUIDITY POSITION
NORTHVILLE, Mich., May 2, 2022 – Cooper-Standard Holdings Inc. (NYSE: CPS) has completed the previously announced sale of a non-core real estate asset in Germany. The transaction generated $50 million in cash proceeds, adding to the Company’s already strong cash position at the end of the first quarter. The Company expects to lease back a portion of the property until the remaining manufacturing operation can be relocated. The lease commitment is not financially material to the Company’s ongoing operations.
July 2021: Minnesota Rubber and Plastics (MRP) announced the acquisition of a New York-based manufacturer known as Pawling Engineered Products. Pawling Engineered Products produces extrude and custom elastomeric inflatable seal products.
As of March 31, 2022, Cooper Standard had cash and cash equivalents totaling $252.9 million including proceeds from the transaction. Total liquidity, including availability under the Company's amended senior asset-based revolving credit facility, was $395.6 million at the end of the first quarter.
Rubber Compound Market is segmented based on the type, applications, companies and regions.
By Type, Rubber Compound Market has been segmented into
The end user’s industry application on Rubber Compound Market is,
The Asia Pacific is anticipated to witness the highest growth in the rubber compound market during the forecast period. The growth is attributed to the rising demand for rubber products from the rapidly growing automotive industry. In North America, the US is a leading country in rubber compound consumption. The rising demand for compounded rubber in the footwear application has surged the market growth in this region. Europe witnessed sustainable growth in the market, owing to the growing demand for tires from the automotive industry in this region. The Middle East & Africa and Latin America will register signification growth, owing to rising demand for compounded rubber for the production of tires, electrical wires & cables, and various consumer products.
Reports Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 8.1% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Hexpol Compounding, PHOENIX Compounding, Cooper-Standard Holdings Inc. (NYSE :CPS), Hutchinson, Polymer-Technik Elbe, AirBoss of America, Dongguan New Orient Technology, Chunghe Compounding, KRAIBURG Holding GmbH, Preferred Compounding |
Regions Covered | • North America • Europe • Asia-Pacific • Rest of the World |
Countries Covered | • US • Canada • Germany • France • UK • Italy • Spain • Rest of Europe • China • Japan • India • Australia • South Korea • Rest of Asia-Pacific • Middle East & Africa • Latin America |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 123 |
Customization Available | Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The Rubber Compound Market is studied from 2017 - 2027.
Who are the key players in Rubber Compound Market?
Hexpol Compounding, PHOENIX Compounding, Cooper-Standard Holdings Inc. (NYSE :CPS), Hutchinson, Polymer-Technik Elbe, AirBoss of America, Dongguan New Orient Technology, Chunghe Compounding, KRAIBURG Holding GmbH, Preferred Compounding, American Phoenix, Dyna-Mix, Guanlian, Condor and others.
What are the significant types of Rubber Compound Market?
Automotive Industry, Building & Construction Industry, Wire & Cable, Footwear, Others,
What are the major end-use applications of the Rubber Compound Market?
Flame Retardant Epoxy Vinyl Ester, Phenolic Epoxy Vinyl Ester, High Crosslinking Density Epoxy Vinyl Ester, Flexible Epoxy Vinyl Ester, PU Modified Epoxy Vinyl Ester, Standard Bisphenol A Epoxy Vinyl Ester, Others
What segments are covered in the Rubber Compound Market report?
The Global Rubber Compound Market is Segmented on the basic of Product, Application, and Geography.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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