Automotive Rubber-molded Components Market Strategy Analysis to 2018 and Forecast to 2023

The report titled Global Automotive Rubber-molded Components Market covers definition, applications, classification, value chain structure and market performance by key leading countries/regions. In a detailed research methodology ndash; wise, the Automotive Rubber-molded Components analysis with various aspects corresponding to the Globally Automotive Rubber-molded Components Market.

In further, the Automotive Rubber-molded Components Market includes drivers, restraints, threats, opportunities, trends, geographical/regional Automotive Rubber-molded Components markets, and competitive landscape.

The Global Automotive Rubber-molded Components Market is expected to grow at a CAGR of 6.3% during the forecast period 2018-2023. Innovation in the automobile and automobile components manufacturing industry is set to revolutionize the automobile rubber component industry around the world. The increase in the production of cars around the world has had a very positive impact on the sellers of the automotive rubber-molded components, which include Bohra Rubber Pvt. Ltd, Continental AG, Hutchison SA, DANA Holding Corporation, and Trelleborg AB. With the growing demand for fuel-efficient and less polluting vehicles, the market for lightweight automotive components of higher durability is on the rise, which is also dependent on the rubber components. Further, with chemical companies such as Chem-Trend coming up with better release agents and molding process aids, the market for automotive rubber molded parts is expected to touch around USD 46 billion by 2023. Technological advancements have been the primary push for this growth. Innovations such as Fords eco-friendly rubber parts using soy oil, and research labs trying to come up with better and durable rubber materials like EPDM, are expected to drive the market at a CAGR of 6.26% by 2023.

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