Rubber Molding Market 2018-2023 By Raw Materials, Manufacturing Expenses, Risk And Customer Preference Change
Rubber Molding Market (Request sample here) report study is provided for global market including development trends by regions, competitive analysis of Rubber Molding. This report offers a comprehensive investigation of the Rubber Molding Market size forecasts covering the next five years (2018-2023). This report will also analyse factors that influence demand for the industry, key market manufactures, types and applications faced by industry participants.
“Rubber Molding market size will grow from USD 34.79 Billion in 2017 to USD 47.13 Billion by 2023, at an estimated CAGR of 5.19%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.With regard to material type, ethylene propylene diene terpolymer (EPDM) is estimated to dominate the market in 2018, followed by styrene-butadiene rubber (SBR). The increasing demand for comfort and safety creates promising growth opportunities for driver assistance systems, which incorporate automotive rubber molded components, and would consequently boost the demand for the same. Moreover, rubber molding materials such as EPDM or natural rubber (NR) provide better flexibility and are lighter than conventional metal parts. This results in an overall reduction in the vehicle weight, which in turn, helps to increase fuel efficiency. The replacement of conventional metal parts with rubber molded components will therefore help in meeting the stringent fuel economy and emission norms in regions such as North America and Europe”
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