The Latest Industrial Rubber Industry Statistics Explained
The global industrial rubber market size was valued at USD 31.22 billion in 2018 and is expected to grow at a CAGR of 4.3% from 2019 to 2025.
This statistic describes the global industrial rubber market’s financial value, reporting that it was worth USD 31.22 billion in 2018. Furthermore, the data suggests that this market is projected to experience a compound annual growth rate (CAGR) of 4.3% from 2019 to 2025. This indicates that the industrial rubber market is expected to continue expanding over the specified period, with an average annual growth rate of 4.3%. Such a growth trajectory suggests potential opportunities for businesses operating within this market, while also reflecting possible shifts in demand and supply dynamics, technological advancements, or regulatory changes affecting the industry during this time frame.
The industrial manufacturing segment accounted for a significant share of over 20% in the overall market in 2018.
The statement indicates that the industrial manufacturing segment held a substantial portion of the total market in 2018, with a share exceeding 20%. This implies that the industrial manufacturing sector played a crucial role in the overall performance and growth of the market during that year. A share of over 20% suggests that this segment was a major contributor to the market’s total output, revenue, or other relevant metrics. It highlights the importance and influence of the industrial manufacturing industry within the broader market landscape in 2018.
Natural rubber accounted for over 43% of the total market revenue in 2018.
The statistic stating that natural rubber accounted for over 43% of the total market revenue in 2018 indicates that natural rubber was a significant contributor to the overall revenue generated within the market during that year. This suggests that natural rubber had a substantial market share compared to other products or services within the same industry. The high percentage of market revenue attributed to natural rubber also implies that it played a vital role in driving the financial performance and growth of the market in 2018. This statistic highlights the importance and dominance of natural rubber in the market landscape during that period.
The highest consumers of industrial rubber in 2020 are those in the mechanical engineering industry (34%).
The statistic indicates that the mechanical engineering industry was the largest consumer of industrial rubber in 2020, accounting for 34% of the total consumption. This suggests that mechanical engineering companies heavily rely on industrial rubber products for various applications in their processes. The high percentage of consumption by this industry reflects the importance of industrial rubber in supporting the operations and technologies within the mechanical engineering sector. It further implies that the demand for industrial rubber products is driven significantly by the needs and advancements within the mechanical engineering field, highlighting the sector’s substantial contribution to the overall consumption of industrial rubber in 2020.
Asia Pacific was the leading regional market in 2018, accounting for over 46.5% share in terms of revenue.
In 2018, the Asia Pacific region emerged as the dominant market, generating more revenue than any other region within the industry. With a staggering share of over 46.5%, the Asia Pacific market significantly outperformed its counterparts in terms of generating revenue. This statistic indicates that businesses or industries operating within the Asia Pacific region experienced the largest portion of the overall revenue generated across all regions in 2018. The strong performance of the Asia Pacific market suggests that it may have been a key driver of growth and profitability within the industry during that period, highlighting the importance of this region in the global economy.
The rubber products manufacturing industry in the US has a revenue of $20 billion in 2021.
The statistic that the rubber products manufacturing industry in the US has a revenue of $20 billion in 2021 provides a quantitative measure of the total income generated by this industry within the United States during that year. This revenue figure reflects the collective sales of various rubber products manufactured within the industry, such as tires, hoses, belts, and gaskets. The $20 billion revenue signifies the economic activity and financial performance of the rubber products manufacturing sector, indicating the value of goods produced and sold by companies operating within this industry. This statistic can be used to assess the industry’s contribution to the overall economy, track its growth or decline over time, and analyze its competitiveness and market position within the domestic market.
Rubber tire and tube manufacturing industry in Canada generated approximately 1.09 billion Canadian dollars in 2019.
The statistic indicates that the rubber tire and tube manufacturing industry in Canada had a total revenue of approximately 1.09 billion Canadian dollars in the year 2019. This figure represents the amount of money generated by companies within this industry through the production and sale of rubber tires and tubes. Such data is important for understanding the economic impact and size of this particular sector within the Canadian economy. It provides valuable insights into the financial performance and contribution of the industry to the overall economy, highlighting its significance in terms of revenue generation and job creation.
The global industrial rubber products market size is projected to reach USD 38.31 Billion by 2026.
This statistic indicates the projected value of the global industrial rubber products market by the year 2026, estimated at USD 38.31 billion. This projection suggests an expected growth trend in the market for industrial rubber products, encompassing a wide range of items such as hoses, belts, seals, gaskets, and other rubber components used in various industries. Factors contributing to this growth may include increasing industrial activities, rising demand for durable and high-performance rubber products, technological advancements in manufacturing processes, and expanding applications across sectors such as automotive, construction, aerospace, and healthcare. Monitoring and analyzing such market projections can provide valuable insights for businesses, investors, and policymakers to make informed decisions and strategies within the industrial rubber products industry.
The global rubber market size was valued at $40.77 billion in 2019.
The statistic highlights the total value of the global rubber market in 2019, which amounted to $40.77 billion. This figure serves as a key indicator of the economic significance and scale of the rubber industry worldwide during that year. It provides valuable insight into the size and scope of the market, encompassing the production, consumption, and trade of rubber-based products across various sectors such as automotive, construction, and consumer goods. Understanding the market size helps stakeholders, including policymakers, investors, and industry players, to make informed decisions, assess market trends, and forecast future developments in the rubber industry.
The rubber market is expected to grow at a CAGR of around 4.8% from 2020 to 2027.
This statistic indicates that the rubber market is projected to experience a Compound Annual Growth Rate (CAGR) of approximately 4.8% from the year 2020 to 2027. This means that the rubber market is expected to expand steadily at a rate of 4.8% per year during this period. This growth rate suggests a positive trend in the industry, implying increasing demand, potential innovations, and overall market development over the specified time frame. Monitoring and understanding CAGR can provide valuable insights for businesses, investors, and policymakers to assess the trajectory and opportunities within the rubber market.
China was the largest market in the Asia Pacific rubber market accounting for 59% of the market in 2020.
This statistic indicates that in 2020, China held the dominant share of the rubber market in the Asia Pacific region, accounting for 59% of the total market. This suggests that China played a significant role in the consumption and production of rubber compared to other countries in the region. As the largest market, China likely had a considerable influence on pricing, demand, and supply dynamics within the Asia Pacific rubber market. This statistic highlights the importance of China in the global rubber industry and underscores its position as a key player driving the market’s overall performance in the region.
Over 44 million metric tons of natural rubber was consumed worldwide in 2019.
In 2019, the global consumption of natural rubber surpassed 44 million metric tons, indicating a significant demand for this versatile material across various industries. Natural rubber is a key raw material used in the production of countless goods, including tires, automotive parts, footwear, and consumer products. The high consumption volume of natural rubber reflects its essential role in manufacturing and economic activities worldwide, highlighting its importance in driving growth and innovation in multiple sectors. This statistic underscores the continued reliance on natural rubber as a valuable resource that plays a crucial part in sustaining modern lifestyles and industries on a global scale.
The automotive sector accounted for almost 60% of all industrial rubber use in Europe in 2016.
This statistic indicates that the automotive sector was a dominant consumer of industrial rubber in Europe in 2016, as it accounted for nearly 60% of all industrial rubber usage. This high proportion suggests that the automotive industry heavily relies on rubber-based products for various applications, such as tires, hoses, and seals. The significance of this statistic lies in highlighting the central role of the automotive sector in driving the demand for industrial rubber within the European market, reflecting the sector’s size, scale, and importance within the region’s industrial landscape.
In Indonesia, the rubber industry recorded an enormous export value of $3.78 billion in 2019.
The statistic that the rubber industry in Indonesia recorded an export value of $3.78 billion in 2019 indicates the significant economic contribution of rubber exports to the country’s economy. Indonesia is one of the world’s largest producers of natural rubber, and this high export value highlights the importance of the rubber industry to the country’s overall trade performance. The substantial export value also suggests that Indonesia’s rubber industry is competitive on the global market and plays a vital role in generating revenue, providing employment opportunities, and supporting economic growth in the country.
The global rubber market is expected to reach USD 51.21 billion by 2027.
The statistic that the global rubber market is expected to reach USD 51.21 billion by 2027 implies that there is projected growth and expansion within the rubber industry over the coming years. This figure denotes the anticipated total value of rubber products traded on the global market by the year 2027. Factors such as increasing demand for rubber in various industries including automotive, construction, and healthcare, as well as advancements in manufacturing technologies and rising disposable incomes in key markets, are likely to drive this growth. The forecasted market value serves as a key indicator for investors, policymakers, and industry stakeholders to understand the potential opportunities and challenges in the rubber market and to make informed decisions regarding investment, production, and trade strategies.
The global industrial rubber market is projected to reach USD 41.49 billion by 2025.
The statistic stating that the global industrial rubber market is projected to reach USD 41.49 billion by 2025 indicates the anticipated value of the market in terms of revenue by the specified year. This projection suggests a significant growth trend in the industrial rubber industry, driven by factors such as increasing demand from various end-user industries like automotive, construction, and manufacturing. It highlights the potential opportunities for growth and investment in the industrial rubber sector due to factors such as technological advancements, rising infrastructure developments, and the increasing focus on sustainability and innovation within the industry. Additionally, this projection serves as a valuable insight for businesses, policymakers, and investors looking to capitalize on the growth potential of the global industrial rubber market in the coming years.
The U.S. rubber product manufacturing industry includes about 4,600 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $22 billion.
The statistic indicates that the U.S. rubber product manufacturing industry consists of approximately 4,600 establishments, encompassing both single-location companies and units of multi-location companies. These establishments generate a combined annual revenue of around $22 billion, illustrating the substantial size and economic significance of the industry within the United States. This information highlights the scale of operations, competitiveness, and financial impact of the rubber product manufacturing sector in the country, as well as its contribution to the overall economy through revenue generation and job creation.
In 2021, the rubber industry in Vietnam is estimated to achieve a total value of exports at about 3.6 billion U.S. dollars.
The statistic indicating that the rubber industry in Vietnam is projected to achieve a total value of exports around 3.6 billion U.S. dollars in 2021 highlights the significant economic contribution of the industry to the country. This figure represents the value of rubber products that Vietnam is expected to export to international markets during the year. The growth and success of the rubber industry in Vietnam can be attributed to various factors such as favorable climatic conditions for rubber cultivation, increasing global demand for rubber products, and efforts to modernize production processes. Achieving such a substantial export value serves as a positive indicator of the industry’s competitiveness and potential for further growth and development in the future.
Conclusion
By examining the latest statistics of the industrial rubber industry, it is evident that the sector continues to play a crucial role in global manufacturing. With a steady rise in demand for rubber products across various industries, the future looks promising for the industrial rubber industry. Keeping a close eye on trends and developments in this sector will be essential for businesses looking to stay competitive and capitalize on the growth opportunities presented by the market.
References
0. – https://www.www.statista.com
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6. – https://www.www.globenewswire.com
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