Industrial Rubber Products Market Research Report and Forecast Industrial Rubber Products Market - Global Industr

Industrial Rubber Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024 Global Industrial Rubber Products Market: Snapshot The global industrial rubber products market is poised to expand at a healthy rate over the next few years, thanks to the growing application of industrial rubber products, such as tire, hose, belts, and roofing, in the automotive, construction, and the manufacturing industries. The significant growth in the automotive industry, especially, is likely to influence the sales of these products in the near future. The market is expected to proliferate at a CAGR of 5.80% between 2016 and 2024, rising from US$47.7 bn in 2015 to US$79.5 bn by the end of 2024. Although the market’s future looks thriving, the volatility in the prices of the raw materials utilized in the manufacturing of industrial rubber and the overdependence of suppliers on OEMs may obstruct the progress of this market over the forthcoming years. View Report @ rubber-products.html Mechanical Rubber Goods to Continue Witnessing Strong Demand Mechanical rubber goods, rubber hose, rubber belts, and rubber roofing are the key industrial rubber products available across the world. Among these, mechanical rubber goods have been witnessing a stronger demand and are expected to remain the leading contributor to this market over the next few years, thanks to the heavy deployments of these goods in automobile vehicles. The increasing motor vehicle output is the main factor behind the growing demand for mechanical rubber goods across the world. The demand for rubber roofing is also anticipated to be fueled in the years to come, thanks to their increasing application in commercial and residential buildings and other infrastructure. With the revival of the construction industry, the rubber roofing segment is projected to experience a significant rise in the near future. Get accurate market forecast and analysis on the Industrial Rubber Products Market Request a sample to stay abreast on the key trends impacting this market. flag=S&rep_id=1565