Industrial Rubber Products Market to Reach $84.5 Billion by 2012, According to New Report by Global Industry Analysts, Inc.
Conditions in the automotive industry, a major end user, will largely determine the fortunes of the market. Buoyed by consistent end-use demand, the market is expected to reach $84.5 billion by 2012.
San Jose, CA (PRWEB) April 10, 2008 -- Coupled with rising durable goods shipments in recent years, growth in the industrial rubber sector is being spurred by demand for products that incorporate new designs and superior performance qualities. In the construction industry, industrial rubber products are extensively employed in rubber roofing and rubber flooring. A booming construction sector, particularly in Asia, is expected to fuel significant growth. Higher use of geomembranes is also an important market driver. In the auto industry, the trend towards quieter and more comfortable cabins is expected to boost demand for improved vibration control and weather stripping products.
European industrial rubber products market, the largest worldwide, is estimated at $25.7 billion for 2008 as stated by Global Industry Analysts, Inc. Germany, UK and France are the largest European markets, representing close to 49% share. United States represents the second largest regional market. Collectively, Europe, US and Asia account for 79 percent of the global industrial rubber products market. Mechanical rubber goods represent the largest segment with sales estimated at $37.7 billion for 2008. Rubber hose and belting market in the US is expected to reach $4.04 billion by 2010.
Consolidation among various players and distributors in the industry continues to exert a significant impact on the market. Participants include Avon Rubber Plc, Bridgestone Corporation, Carlisle Companies Incorporated, ContiTech AG, Cooper Automotive Holdings Inc, Dana Corporation, Delphi Corporation, Eaton Corporation, Federal-Mogul Corporation, Fenner Plc, Freudenberg Group, Gates Corporation, GDX Automotive, Habasit AG, JSJ Corporation, Mark IV Industries Inc., Myers Industries Inc., Patch Rubber Company, Newcor Inc., Parker-Hannifin Corporation, Sumitomo Rubber Industries Ltd, The Goodyear Tire & Rubber Company, Total S.A., Toyo Tire and Rubber Co Ltd, Toyoda Gosei Company Limited and Trelleborg AB.
"Industrial Rubber Products: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, end-use perspective, players, competition, technological developments, new product introductions, recent developments, mergers, acquisitions, alliances and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Canada, Japan, France, Germany, the UK, Italy, Spain, Asia-Pacific and Latin America. Value analytics are provided in terms of product segments including Mechanical Rubber Goods, Rubber Hose and Belting and Other Industrial Rubber Products.
For more details about this research report, please visit
http://www.strategyr.com/Industrial_Rubber_Products_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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