Global Molded Rubber Products Manufacturing Market 2018
Computer simulation and 3D printing technology is expected to have a significant impact on the molded rubber products manufacturing industry. Increasing number of companies are adopting 3D technology to design and develop rubber or rubber products. Stratasys develops 3D printing technologies to produce automotive tires that can be customized to different levels of hardness, and elongation. In March 2016, Goodyear introduced the Eagle-360 that will be a 3D printed spherical tire that promises to provide a 360 degree motion.
Asia Pacific was the largest region in the rubber products manufacturing market in 2017, accounting for around 49% market share. This was due to high demand for rubber products from manufacturing industries, especially from the industrial machinery and motor vehicle industries. North America was the second largest region accounting for around 21% market share. Africa was the smallest region accounting for around 1.5% market share.
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