The report presents an in-depth assessment of the Automotive Rubber-Molded Components Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Automotive Rubber-Molded Components investments from 2021 till 2025.
Automotive Rubber-Molded Components market is growing at a CAGR of 6.87% during the forecast period (2021-2025).
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The Automotive Rubber-Molded Components market is highly competitive and consists of a number of major players. Top Companies like AB SKF, ALP Group, Bohra Rubber Pvt. Ltd, Continental AG, Cooper-Standard Automotive, DANA Holding Corporation, Freudenberg and Co. Kg, Hebei Shinda Seal Group, Hutchinson SA, NOK Corporation, Steele Rubber Products, Sumitomo Riko Co. Ltd, Jayem Auto Industries Pvt Ltd, Bony Polymers Pvt Ltd
Industry News And Developments:
– In March 2019, Hubner Manufacturing Corporation has invested USD 9.6 million to establish a new manufacturing facility in Dunlap, Tennessee.
– In September 2018, Zeon Corporation (Zeon) announced that it will establish a wholly owned subsidiary for the production and sales of acrylic rubber in Thailand. The new plant will be Zeon’s third acrylic rubber plant after its Japanese and US plants. Demand for acrylic rubber is expected to increase in Asia.
Scope of the Report
– By utilizing renewable soy oil as a swap for 25% of the petroleum oil utilized in rubber, Ford succeeded in doubling the material’s stretchability and diminishing the carbon discharges from its crude materials. The new formula can be utilized in car parts, like seals, gaskets, hoses, radiators, and floor mats. According to the International Rubber Study Group, the automotive sector holds more than 50% of the global rubber consumption, which exceeded 22 million metric ton in 2008. Owing to its benefits and applications in various processes, the use of rubber in car parts is further expected to rise during the forecast period.
Key Market Trends
Ethylene Propylene Diene Monomer (EPDM) Segment To Exhibit A Significant Growth Rate During The Forecast Period
Ethylene propylene diene monomer (EPDM) is a type of synthetic rubber which has a lot of characteristics and features, such as weather resistance, vibration resistance, heat resistance, color stabilization, sealing property, tear resistance, durability, tensile strength (500 to 2500 PSI), etc. considered suitable for automotive applications. EPDM has a density of more than 2.00 g/cm3 and is the best for economical use. Lightweight materials like EPDM which lower pollution are a driving factor for the global automotive rubber-molded components market. The automotive industry is the largest customer for EPDM rubber. The need to reduce the vehicle weight to minimize vehicular emission is driving the growth of the market. The rising trend of electric vehicles and new energy vehicles is propelling the demand for EPDM rubber-molded components. EPDM has excellent electrical insulating properties. It has good resistance to ketones, ordinary diluted acids and alkalis, and excellent weather ability. It has excellent low temperature properties -60F/-51C and good high temperature resistance up to 350F/177C.
Asia-Pacific Is Leading The Market
he electric vehicle market in Japan has been experiencing growth. The demand for emission-free vehicles has been increasing, and the government has been investing heavily in this electric vehicle market. The Japanese government aims to transform all the new cars, sold in the country, to electric or hybrid vehicles, by 2050. The government has also set a target to reduce the emissions of carbon dioxide and other greenhouse gasses, by about 80% per vehicle, by 2050. This will impact the market as the rubber molded components have less application in electric vehicles as compared to IC engines.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Automotive Rubber-Molded Components Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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