The key drivers for the growth of the rubber molding market are technological advancements, growing demand for lightweight materials, and increasing vehicle production. EPDM by material contributes highest to the overall growth of the market. The main reason for the adoption of EPDM material by automotive applications are its stability in high and low temperature, low electrical conductivity, and resistance to UV exposure & many chemicals. The global rubber molding market is expected to show a growth at CAGR of about 5.3% from 2016 to 2022.
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Asia-Pacific is expected to dominate the rubber molding market in the forecast period and is followed by Europe. China and India region has recently seen the increase in the demands for the automobiles, as the spending capability of the population is increasing. Economical and infrastructural growth in the Asian-Pacific region have boosted the growth of automobile market hence driving the market of rubber molding.
Scope of the Report:
This study provides an overview of the global rubber molding industry, tracking market segments across the categorized four geographic regions. The report provides a five-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, and Rest of the world. The scope of the study segments the global rubber molding market based on components, types, material, and vehicle type.
Key Players of Rubber Molding Market:
- Continental AG
- DANA Holding Corporation
- Federal-Mogul Corporation
- Hutchinson SA
- Cooper-Standard Holdings Inc.
- Toyoda Gosei Co., Ltd.
- Sumitomo Riko Co., Ltd.
- AB SKF
- NOK Corporation.
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