Wide Application Base to Escalate Cellular Rubber Market Growth During 2021–2028
According to our latest market study on “Cellular Rubber Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Sheets, Rolls, and Others), Material (NBR, Neoprene, EPDM, Silicone, and Others), and End User (Automotive, Electronics, Aerospace, and Others),” the market was valued at US$ 8,115.83 million in 2021 and is projected to reach US$ 10,884.81 million by 2028; it is expected to grow at a CAGR of 4.3% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Cellular rubber is a type of foam rubber with a cell structure, wherein the cells are not interconnected. It is lightweight and compressible, and the rubber sheet is generally combined with microporosity cells to create the microcellular rubber sheet. These rubber sheets are commonly used to make the soles of shoes and slippers, and are primarily designed for comfort, flexibility, and durability. Cellular rubber is used in the automobile industry for a variety of applications, including sealing doors and tubes, and manufacturing tires, along with protecting vehicle body parts from harsh weather.
Cellular rubber is completely impenetrable, waterproof, and dustproof, and it has a self-adhesive layer and low thermal conductivity. It is cheaper than sponge rubber and is resistant to aging, temperature, and oils. This, cellular rubber finds a wide range of applications in industries such as construction; automotive; aerospace; marine and railways; consumer goods; heating, ventilation, and air conditioning (HVAC); electrical enclosures; and control panels. Primarily, it offers sealing, isolation, insulation, confinement, rattle prevention, and shock absorption in these applications. Being a dense material, cellular rubber can be compressed with low pressure to create a seal. The closed cell structure of cellular rubber does not allow gases or liquids to penetrate. Such a wide application scope of cellular rubber is a main factor driving the growth of the global cellular rubber market.
NDS-Seals, PANA Foamtec GmbH, ERIKS, Ridderflex, Polymax Ltd., Rogers Corporation, W. KÖPP GmbH & Co. KG, SEDO Chemicals Neoprene GmbH, Kautschuk- und Kunststoffteile GmbH, and Oskar Pahlke GmbH are among well-established players operating in the cellular rubber market.
Impact of COVID-19 Pandemic on Cellular Rubber Market
An interrupted supply of raw materials such as polyethylene and polypropylene, affecting production processes, has been a prime factor limiting the cellular rubber market growth during the COVID-19 pandemic. Additionally, a hike in crude oil prices have led to fluctuations in raw material prices, creating hurdles in the steady market growth. However, the cellular rubber market has witnessed a continuous demand from end-user industries such as automotive, construction, HVAC, and consumer goods. Moreover, as a part of economic recovery efforts, several sectors are strategically planning to invest in advanced and bio-based materials, such as cellular rubber, to address the growing need for environment friendly products. The automotive sector has started to gain momentum and is expected to witness significant growth in the coming years with the increasing sale of electric vehicles, eventually providing significant growth opportunities for the cellular rubber market players. Further, the demand for various medicines and COVID-19 vaccines has also surged during the COVID-19 pandemic across the world. The trade of these entities is propelling the need for suitable storage facilities and systems, eventually adding to the demand for cellular rubber as a sealant and insulator.
Cellular Rubber Market, by Region, 2020
Cellular Rubber Market Size, Share and Industry Growth by 2028
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Cellular Rubber Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Sheets, Rolls, and Others), Material (NBR, Neoprene, EPDM, Silicone, and Others), and End User (Automotive, Electronics, Aerospace, and Others)
Cellular Rubber Market Size, Share and Industry Growth by 2028
Download Free SampleCellular Rubber Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Sheets, Rolls, and Others), Material (NBR, Neoprene, EPDM, Silicone, and Others), and End User (Automotive, Electronics, Aerospace, and Others)
The “Global Cellular Rubber Market Analysis to 2028” is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation based on product type, material, end use, and geography. Based on product type, the cellular rubber market is segmented into sheets, rolls, and others. Based on material, the cellular rubber market is segmented into NBR, neoprene, EPDM, silicone, and others. Based on end user, the market is segmented into automotive, electronics, aerospace, and others. Based on geography, the cellular rubber market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America.
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