PUBLISHER: QYResearch | PRODUCT CODE: 1340736
PUBLISHER: QYResearch | PRODUCT CODE: 1340736
Due to the COVID-19 pandemic, the global Rubber Compound market size was US$ 10,469.73 million in 2022 and is forecast to a readjusted size of US$ 11,634.16 million by 2029 with a CAGR of 2.13% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, EPDM Compounding accounting for 25.91% of the Rubber Compound global market in 2022, is projected to value US$ 6,914.82 million by 2029, growing at a revised 2.78% CAGR from 2023 to 2029. While Automotive Industry segment is altered to an 1.99% CAGR throughout this forecast period.
The United States Rubber Compound market size was US$ 1,956.34 million in 2022, while China was US$ 3,165.52 million. The proportion of the United States was 18.69% in 2022, while Chinese percentage was 30.23%, and it is predicted that China share will reach 29.41% in 2029, trailing a CAGR of 1.84% through the analysis period.
The global key manufacturers of Rubber Compound include: Hexpol Compounding, PHOENIX Compounding, Cooper Standard, Hutchinson, Polymer-Technik Elbe, Elastomix, AirBoss of America, Chunghe Compounding, and Dongjue Silicone Group, etc. In 2022, the global top five players occupied for a share approximately 25.69% in terms of revenue.
In United States, in terms of sales volume, in 2022, the top three players hold a share about 62.87%, while in China, top three players hold a share nearly 16.41%.
The global Rubber Compound market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Rubber Compound market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.