Global Rubber Sheet Market Analysis:
Rubber sheets are rubber that are moulded into flat sheets with an even thickness and are often sold on a roll of a specific length for easy handling. Once the material type is known, tools designed to cut through the rubber are used to cut different shapes from the sheet to form gaskets. The gaskets cut from rubber sheeting keep fluids and gases from penetrating products or keep them contained within vessels or low-temperature mechanical systems.
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Global Rubber Sheet Market Drivers and Restraints:
The Automotive and Transportation segment was accounted for 41.9% share of the global industrial rubber market in 2016 and is expected to be a highly attractive segment in terms of CAGR and market share during the forecast period. The Industrial Machinery and Equipment segment is also anticipated to create substantial incremental opportunity during the forecast period due to the increasing use of rubber in conveyor belts and other belting applications in agriculture and construction machinery. The segment is estimated to account for 26.7% share of the global market by end of 2023.
The global rubber sheet market was valued at $4,120 million in 2017 and is estimated to grow at a CAGR of 2.1% till 2023 to be worth $5,140 million. The market can be segmented into North America, Europe and Asia-Pacific, South America, and Middle East and Africa. Asia Pacific has a significant contribution in the global industrial rubber market. It is a leading region in terms of production and consumption of rubber.
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An emerging trend here is to manufacture motorcycle and bicycle tires. In addition, many stakeholders are exhibiting interest in the manufacture of car and truck tires, and this segment is forecasted to overtake the manufacturing of bicycle and motorcycle tire business.
Major Players in Global Rubber Sheet Market:
Contitech, WARCO BILTRITE, Hanna, Aero, BRP, TOGAWA, O-Rings, Truco, FB Wright, Zenith, Rayflex, PAR, Semperflex, Rubberteck, PATEL, Great wall, etc.
International economic situation is complicated, and in the next few years there will be many uncertainties like a short supply in the market, more and more companies entering into rubber sheet industry, and the current demand for this product is relatively low. Ordinary products on the market do not sell well and the signal of market price change indicates the trend in the rubber sheet industry, low-end product has excess capacity, and high-end product is in short supply. However, the demand is expected to increase overall.
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