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Non-tire rubber products are the materials of rubber components that are generally preferred to be employed in applications that focus on industrial equipment and other products which are not related to tires. Non-tire rubber products gain popularity from their ever-increasing use in a wide variety of end-user industries. This happens mostly because rubber has a variety of properties, such as heat resistance and corrosion resistance. This is primarily used for the manufacture of roller covers, adhesives, gaskets, garbage tubes and others.
Improved use of non-tire rubber in automotive sector to minimize vehicle weight for fuel economy increases consumer demand for non-tire rubber. In addition , the growing use of non-tire rubber for the manufacture of rubber boots, medical appliances, rubber belts, mechanical rubber products, roofing rubber, are accelerating market development. However, This may cause health isusues such as allergies coupled with high raw material costs, which may impede market development.
Key Market Driver -
The growing use of non-tire rubbers in automotive applications coupled with industrial uses drives the market.
Key Market Restraint -
Volatility in the prices coupled with health concerns restrict the market growth
Based on product type, the market for non-tire rubber products is further segmented into rubber gloves, rubber hoses, medical equipment and devices, rubber belts, roofing (rubber), mechanical rubber goods, toys, and others. Based on product type, the market for non-tire rubber products is further segmented into ethylene-propylene, nitrile butadiene rubber, styrene-butadiene rubber, polybutadiene, natural rubber, and others. Based on application, the market for non-tire rubber products is further segmented into aerospace, printing, agriculture & forestry, mechanical/plant engineering, defense, construction, ships, ports & ocean, oil & gas,material handling and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global non-tire rubber products market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the non-tire rubber products market includes Exxon Mobil, Goodyear Tire and Rubber Company, Kumho Petrochemical, Lanxess, Lion Elastomers, LLC, Nizhnekamskneftekhim, Versalis, Sibur, Zeon Corporation, and others.
In terms of Geography, the non-tire rubber products market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific region dominates the non-tire rubber products market owing to the rapidb industrialisation and urbanisation coupled with favorable economic environment and the advent of many domestic manufacturers. The growing number of applications for non-tyre rubber contributes to the development of the non-tyre rubber market coupled with the need for domestic non-tyre items . Clear business awareness, technically mature production facilities and, importantly, broad end-users environment define North American industry. Europe has a high market share of non-tire rubber products. This is due to the European Union program aimed at improving the development of guayules for gloves which enables many organizations to take the step towards production of non-tyre rubber that will drive the demand in these regions. Middle East and Africa are predicted to witness considerable growth in the market attributed to the advent of many manufacturing plants in the region whereas Latin America would move towards slow growth owing to the governments rules related to use of VOC products.
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