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Rising usage of cellular rubber in solar components & transportation and high demand from space are major key factors drives Revenue Growth
NEW YORK CITY, NEW YORK, UNITED STATES, May 23, 2022 /EINPresswire.com/ -- The cellular rubber market size was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are rising usage of cellular rubber in solar components & transportation and high demand from space, automotive, & electronics industries. Also, the automotive industry uses cellular rubber for the manufacturing of door tubing, seals, and frames of vehicles. In the space industry, it is utilized for shock absorption, light seals, and engine seals.
Cellular rubber, also known as foam rubber, is a permeable and closed-cell rubber. It consists of all-round closed cells produced with a foaming agent that creates a structure of an air-filled matrix. It is developed using a gas-growing agent by expansion processes and is obtainable in numerous resistance densities. Cellular rubber blocks have non-functional skins which are fabricated and removed as wastes in the process. The surface is sensitive and fragile due to the absence of the outer skin. Cellular rubber is suitable for self-adhesives and have several beneficial properties, such as elevated tear strength, resistance of oil, acid, & chemicals, and restricted absorption of water.
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Major Companies in the Market Include:
Griswold Rubatex Kirkhill Martins Rubber American National Rubber Rubbermill SJG International Sperry & Rice LLC Reilly Foam Company Other
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Material Type Outlook (Revenue, USD Billion; 2018-2028)
Natural Silicone Fluorine Chloroprene EPDM Othres
End-use Outlook (Revenue, USD Billion; 2018-2028)
Aircraft Chemicals Daily Necessities Space Electronics Automotive
Product Outlook (Revenue, USD Billion; 2018-2028)
Cellular Rubber Sheets Cellular Rubber Rolls Regional Outlook
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Key Drivers: High demand for electronic devices and vehicles is set to be one of the major factors contributing to the cellular rubber market growth. Manufacturers worldwide are nowadays partnering up with other companies to develop unique materials that can reduce noise and operate in a variety of automotive applications. Manufacturers are using cellular rubber to make vehicle doors, seal tubes, and tires as this type of rubber can bond quickly with metal and provide a very strong shield in opposition to the weather. Cellular rubber is also used in numerous electronic devices as it can seal and isolate vibrations. To meet the requirements of specific electronic devices, cellular rubber can be easily customized. Environmental seals use silicone cellular rubber to protect exterior additions, such as lighting fixtures, Heating Ventilation and Air Conditioning (HVAC) system, and cabinets of computers from dust, moisture, air, or illumination. Cellular rubber is also used for various processes of solar components, namely, transporting and fitting.
Restraints: High cost of raw materials and increasing competition among top companies are expected to hinder the cellular rubber market growth in the near future. Most of the companies are striving persistently to adapt to unsteady raw material prices. Unreliable weather conditions and increasing competition in the oil and gas sector would also limit growth of the cellular rubber market in the near future.
For comprehensive understanding of market dynamics, the global Cellular Rubber market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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Some points on how the report benefits stakeholders:
The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each. Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028. The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market. The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace. Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
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