Covid impact on cellular rubber market was vast, it interrupted the supply of various raw materials which affected the overall production process of cellular rubber. However, the market have been witnessed a steady growth due to the demand from various key players in the market. The automotive industry has shown a prominent growth in the market after the covid outbreak, due to demand for electrical and personalised vehicles. Which gave a large opportunity to cellular rubber market.
The cellular rubber market is expected to grow at a CAGR of 4.3% from 2021 to 2028, reaching $ 10.884 billion from $8.1 billion in 2021.
Sheet Segment to Remain Dominant through the Forecast Era
Based on the product type, the sheets segment are projected to hold the market share in the forecast period. The cellular rubber sheets are lightweight and can be compressed, the sheets are created into microcellular rubber sheets by combining rubber sheets with micro porosity cells.
The cellular rubber sheets have wide range of application in industries such as automotive, electronic, Aerospace as it has a unique ability of sealing and protecting. The cellular rubbers are available in different materials and sizes according to the needs such as NBR, EPDM and neoprene sheets.
EPDM Material to Witness the Largest Expansion
Based on the material, the EPDM segment is expected to have the largest share in the market. The EPDM rubber is made from crude oil and then synthesized using polymerization. EPDM has a unique application for UV radiation and moisture resistance which makes it a popular material in the market. The EPDM is usually used for sealing vehicle, window, and home molding.
Automotive End-Use to Sustain the Largest Revenue Share
Based on end user, the automotive industry segment are anticipated to dominant the market. Cellular rubber is mainly used for sealing doors and tries in vehicle body parts. The EPDM cellular rubber are widely used in the automotive industry due to its sealing and heat resistance properties. The EPDM cellular rubber is used as a barrier between the product for heat, weather, Road surface, and engine vibration.
Based on regional analysis, Europe is anticipated grow widely in the cellular rubber market. The fast growing of automotive industry in this region due to the demand for vehicles and designed home are the key reason to lift the market in the forecast period.
Cellular rubber are largely used in the automotive sector for its sealing and noise reduction properties. The EPDM cellular rubbers can bond quickly with metals, which are used as protecting Shield against changing climatic conditions. It also protects the body parts of the vehicles from bad road surfaces and heavy vibration.
The Cellular Rubber Market to expand substantially backed by rampant adoption in the automotive industry
The competitors in the cellular rubber market are investing to produce eco-friendly variants.
The cellular rubber is produced using the foaming agent which creates a matrix structure filled with air. The closed-cell rubbers that are produced during the expansion process with the help of developing gas agents are cellular rubber. These rubbers are produced based on synthetic or natural rubber which has EPDM and elastomer are included.
The cells may be tight or connected with each other, as this property makes the cellular rubber water or airtight. The rubbers are produced in a huge process in form of blocks. The product can be fitted for any application as it has a variety of properties in the rubber mixture composition.
The key properties of cellular rubber are high heat resistance, low water absorption, better insulation property, and EPDM mixture for aging and heat resistance, and CR mixture for high flame and oils resistance.
The cellular rubber is used for many purposes such as sealing, shock absorption confinement in the space industry. The foam blocks that are made from cellular rubber are used for transparent and adding solar components. Space industry uses cellular rubber to block or seal the engines and lights.
The main obstacle faced by the cellular rubber market is the high raw material prices. The market has been highly competitive, as the cost indicates the minor changes in the balance of demand and supply affect the market. The increasing competition among the market players has made the competitors decrease their prices. The decrease in the price of crude oil has significantly declined the market for cellular rubber as it affected the oil and gas sectors.
This report offers detailed information and quality insight with market intelligence. This report is structured in a way that it offers maximum business value and information and provides critical market dynamics and will enable the process of decision making for the current market players and those who are willing to enter the market. This report studies the forecast period of ten years, the various insight used in the study are based the primary and secondary information.
Proceeding ahead this report contains information regarding the major key players and the competitive areas and strategies used by the leading companies in the market of cellular rubber and the growth trends in the markets in forthcoming years are discussed. In addition to it, the impact of COVID—19 is discussed with the industry’s initial response and tactics used by the companies to overcome the impact.
Recent innovation in the market
- The Monmouth rubber, has brought new innovation with products that are eco-friendly based on the limestone process.
Cellular Rubber Market Scope
|Revenue forecast in 2028
|USD 10.884 billion
|CAGR of 4.3 % during 2018-2028
|Type, Application, Regions
|North America, Europe, Asia Pacific, Middle East and Africa, South America
|Key Players Profiled
|Griswold, Rubatex, Kirkhill, Martins Rubber, American National Rubber, Rubbermill, SJG International, Sperry & Rice LLC, Reilly Foam Company, Hanna Rubber Company, Colonial Diversified Polymer Products LLC
Key Segments of the Global Cellular Rubber Market
Type Overview, (USD Billion)
Material Overview, (USD Billion)
End-User Overview, (USD Billion)
Regional Overview, (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa