UAE Industrial Rubber Market, By Type (Natural Rubber and Synthetic Rubber), By Product (Mechanical Rubber Good, Rubber Belt, Rubber Hose, Rubber Roofing and Others), By Application (Automotive, Wire & Cable, Building & Construction, Industrial Manufactur

UAE Industrial Rubber Market, By Type (Natural Rubber and Synthetic Rubber), By Product (Mechanical Rubber Good, Rubber Belt, Rubber Hose, Rubber Roofing and Others), By Application (Automotive, Wire & Cable, Building & Construction, Industrial Manufacturing, Medical & Healthcare, Coating, Sealant & Adhesive and Others), By Region, Competition Forecast & Opportunities, 2017-2027

UAE industrial rubber market is anticipated to grow at a formidable rate during the forecast period. The market growth can be attributed to the expanding application of industrial rubber in various end-user industries such as automotive, building & construction, industrial manufacturing, polymer modification, wire & cable, electrical & electronics, etc. The rising penetration of electronic devices and automobiles owing to rapid digitization and increasing personal disposable income among the middle and upper middle-class population has led to an increased need for synthetic rubber, which is contributing to its market growth. Besides, increasing application of industrial rubber in conveyor belts and other belting applications, including gaskets, belts, etc., and the establishment of manufacturing units of industrial rubber to cater to the local demand from automotive companies such as Volkswagen, Mercedes, Benz, etc. are expected to fuel the market growth. Increasing environmental awareness, fluctuating prices of petrol and gas, and adoption of sustainable and green programs are fuelling the adoption of eco-friendly industrial rubber. However, the availability of polymer alternatives with better performance indicators might impede the adoption of industrial rubber, which could affect its market negatively. A vast portfolio of industrial rubber products and high investments in R&D activities are contributing significantly to the growth of the UAE industrial rubber market during the forecast period. Research & development activities conducted in fields like agronomic science, physics, chemistry, and automotive sectors are anticipated to expand the uses of industrial rubber and support the market growth.

UAE industrial rubber market is segmented on the basis of type, product, application, company, and region. Based on type, the market is divided into natural rubber and synthetic rubber. The synthetic rubber segment is anticipated to hold the largest share in the UAE industrial rubber market during the forecast period. Synthetic rubber is being widely adopted in the automotive application as an abrasion-resistant replacement for natural rubber, which is aiding segmental growth.

Lanxess, TSRC Corporation, The Goodyear Tire and Rubber Company, Sinopec, Zeon Corporation, Nizhnekamskneftekhim, Kumho Petrochemical, JSR Corporation, Versalis S.P.A., LG Chem, etc., are some of the leading players in the UAE industrial rubber market.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F–2027F

Objective of the Study:

• To analyze and forecast the market size of UAE industrial rubber market, in terms of value and volume.
• To classify and forecast UAE industrial rubber market based on type, product, application, and regional distribution.
• To identify drivers and challenges for UAE industrial rubber market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in UAE industrial rubber market.
• To conduct the pricing analysis for industrial rubber market.
• To identify and analyze the profile of leading players involved in the industrial rubber market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across UAE. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major manufacturers across UAE.

TechSci Research calculated the market size of UAE industrial rubber market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Industrial Rubber Manufacturers
• End Users
• Industry associations and experts
• Research organizations and consulting companies
• Research Institutes
• Industry associations
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, UAE industrial rubber market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• UAE Industrial Rubber Market, By Type:
• Natural Rubber
• Synthetic Rubber
• UAE Industrial Rubber Market, By Product:
• Mechanical Rubber Good
• Rubber Belt
• Rubber Hose
• Rubber Roofing
• Others
• UAE Industrial Rubber Market, By Application:
• Automotive
• Wire & Cable
• Building & Construction
• Industrial Manufacturing
• Medical & Healthcare
• Coating
• Sealant & Adhesive

Others

• UAE Industrial Rubber Market, By Region:
• UAE
• Dubai
• Abu Dhabi
• Sharjah
• Rest of UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Industrial Rubber Market.

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

Companies Mentioned

1. Lanxess
2. TSRC Corporation
3. The Goodyear Tire and Rubber Company
4. Sinopec, Zeon Corporation
5. Nizhnekamskneftekhim
6. Kumho Petrochemical
7. JSR Corporation
8. Versalis S.P.A.
9. LG Chem

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights