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Global Industrial Rubber Products market to grow at a CAGR of 5.85 percent over the period 2012-2016. One of the key factors contributing to this market growth is the rapid growth of the Automotive industry. The Global Industrial Rubber Products market has also been witnessing increasing mergers and acquisitions. However, the growing threat from substitute products could pose a challenge to the growth of this market.
TechNavio recognizes the following companies as the key players in the Global Industrial Rubber Products Market: Bridgestone Corp., Continental AG, Cooper-Standard Automotive Inc., Freudenberg and Co., KG, and Hutchinson SA.
TechNavio's Engineering team said: ''Industrial rubber products are used in several applications due to their advantages such as the ability to withstand extreme environments, durability, corrosion protection against chemicals, acids, and alkalis, and their property of impermeability. These properties of rubber make it a key product in a wide range of industrial applications. For instance, rubber products such as seals, closures, stops, caps, and containers are increasingly used in the Medical and Pharmaceutical sector to protect the product contents against external environment contaminants. Rubber products such as tank linings and condenser packaging have industrial applications due to their high resistance to moisture, heat, and ozone gas. In addition, the Construction industry is increasing the use of geomembranes for waterproofing applications. Thus, the increased use of rubber products in various applications is expected to drive the growth of the Global Industrial Rubber Products market during the period 2012-2016.''
According to the report, one of the main drivers for this market is the rapid growth of the Automotive industry. The increase in the production of motor vehicles increases the demand for several industrial rubber products such as belts, hoses, and gaskets.
Further, the report states that one of the major challenges in this market is the increased threat from substitute products. Industrial rubber products face strong competition from an innovative range of plastics. The use of thermoplastic elastomers in various industries, especially in cost-conscious countries, reduces the market share of industrial rubber products across the globe.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Bando Chemical Industries Ltd., Carlisle Companies Inc., Delphi Corp., Eaton Corp., Federal-Mogul Corp., JSJ Corp., Lanxess AG, Michelin SCA, Meiji Rubber and Chemical Co. Ltd., Mitsubishi Belting Ltd., Myers Industries Inc., Nichirin Co. Ltd., NOK Corp., Parker-Hannifin Corp., Sumitomo Rubber Industries Ltd., The Goodyear Tire and Rubber Company, The Yokohama Rubber Company Ltd., Tokai Rubber Industries Ltd., Tomkins plc, Toyo Tire and Rubber Co. Ltd., and Trelleborg AB.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Toho Tenax, the core company of the Teijin Group’s carbon fibres and composites business, has developed a new prepreg, or carbon fibre sheet pre-impregnated with matrix resin, that is said to achieve rapid curing for increased productivity and feature...
Kelheim Fibres, leading manufacturer of viscose speciality fibres, is extending its range of speciality products by a newly developed viscose fibre that reflects infrared (IR) radiation for improved wellbeing and better performance.
Elbit Vision Systems (EVS), a leading provider of vision technology for automatic surface inspection and in-line quality monitoring systems, has generated US 1 million in orders to date for its iBar – a new product launched earlier this year.
Stahl, a leader in chemicals for leather products and performance coatings, now offers a complete EVO range, the next generation polyurethane coatings for shoes, bags, upholstery and automotive interiors.
Trelleborg has, through its business area Trelleborg Coated Systems, signed an agreement to acquire the assets and businesses from the U.S. based privately owned Uretek Archer LLC Group, comprising Uretek LLC and Archer Rubber Company LLC. Completion o...
May 6, 2014 — Trelleborg is to open its first North American manufacturing facility dedicated to the manufacture of premium radial tires for agricultural machinery. The plant will be located in Spartanburg, South Carolina and represents an investment of $50 million. It will create around 150 jobs by 2018.
Production of agricultural tires will commence in late 2015 and all manufacturing equipment will be installed by 2018 to cater for market growth and ensure that OEMs, dealers and farmers benefit from Trelleborg’s proximity and product availability.Citing a presence in North America as central to its growth strategy, the 430,000 square foot production facility will increase manufacturing capacity and ensure availability of Trelleborg premium tires both for original equipment manufacturers and tire dealers.
Maurizio Vischi, President of the Trelleborg Wheel Systems business area, says: “North America is the largest agricultural market in the world and it is highly attractive for us. Demand for extra-large agricultural tires, where Trelleborg is a market leader, is growing in the region. Although we already sell our products in the U.S. and Canada, local production offers considerably more favorable conditions, thus enhancing our competitiveness.
“We are already a leading global supplier of premium tires for agricultural machines and we now intend to consolidate this position through production in North America. We’ll be located in a modern facility in a prime location, capitalizing on existing partnership agreements with major original equipment manufacturers (OEMs) and distributors while facilitating the transfer of technology from one part of the world to another.”
The manufacturing facility will be located at Trelleborg’s existing premises in Spartanburg and the $50 million investment constitutes new state-of-the-art equipment designed according to the latest Trelleborg technology standards.
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