[FURL=https://www.industryarc.com/Research/Rubber-Molding-Market-Research-500992?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Rubber molding market[/FURL] size is forecast to reach $52.0 billion by 2026, after growing at a CAGR of 5.0% during 2021-2026. Physical attributes such as strength, stress and heat resistance, recyclability, flexibility, and ease moldability of rubber compounds are ideal components for rubber molding. Widespread application of rubber molding in healthcare, aerospace, automotive manufacturing, electronics, transportation, sports and recreation, EMI shielding and sound management, has been driven because of low energy usage and carbon footprint. Moreover, the synthetic rubber is getting used in numerous applications of healthcare industry because of its capabilities such as avoiding allergic reactions while transferring intravenous fluids.Key Takeaways
Asia-Pacific dominates the rubber molding market share owing to increasing demand from applications such as automotive and healthcare industries.
The growing usage of new technologies namely the liquid silicone injection and 3D printing by injection molding machines to prepare resin molds are likely to aid in the market growth of rubber molding
Increasing the adoption of lighter weight products, implementation of stringent government regulations related to vehicular emissions are driving the market demand for rubber molding.
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Rubber Molding Market Segment Analysis - By Geography
APAC dominated the rubber molding market with a share of more than 36% in 2020, followed by North America and Europe. The share of APAC is mainly influenced by the developing nations namely China and India. According to OICA, APAC automotive sales witnessed a growth of over 6.52% during 2012-2019, with South East Asian countries having huge potential to grow. Thus, the rise in demand for automobiles in Asian countries coupled with the increasing vehicle production in the APAC region is impacting the APAC rubber molding market revenue.
Rubber Molding Market Drivers
Growing demand for lightweight products in vehicles
Technological advancements – Injection molding
Market Landscape
Product launches, acquisitions, and Technology launches are key strategies adopted by players in the rubber molding market. In 2020, the market of rubber molding has been consolidated by the top five players, accounting for a share of 60%. AB SKF, Continental AG, Cooper-Standard Holdings Inc., Sumitomo Riko Co. Ltd., Dana Holding Corporation, Federal-Mogul Corporation, Freudenberg & Co. Kg, Hutchinson SA, NOK Corporation, and Trelleborg AB are the Rubber Molding top 10 companies.
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