DUBLIN, Dec. 17, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/grjnn3/rubber_molding) has announced the addition of the "Rubber Molding Market - Global Trends & Forecast to 2020" report to their offering.
The automotive rubber molded components market, in terms of value, is projected to grow at a CAGR of 5.20% from 2015 to 2020, to reach a market size of USD 40.5 Billion by 2020.
This growth can be attributed to factors such as the increasing adoption of lightweight materials, government regulations, fluctuating oil prices, environmental concerns, limited number of suppliers, and technological advances.
Asia-Oceania is estimated to occupy the largest share in the automotive rubber molded components market in 2015. With regard to material type, ethylene propylene diene terpolymer (EPDM) is estimated to dominate the market in 2015, followed by styrene-butadiene rubber (SBR).
The increasing demand for comfort and safety creates promising growth opportunities for driver assistance systems, which incorporate automotive rubber molded components, and would consequently boost the demand for the same. Moreover, rubber molding materials such as EPDM or natural rubber (NR) provide better flexibility and are lighter than conventional metal parts. This results in an overall reduction in the vehicle weight, which in turn, helps to increase fuel efficiency. The replacement of conventional metal parts with rubber molded components will therefore help in meeting the stringent fuel economy and emission norms in regions such as North America and Europe.
Rising raw material prices pose a serious threat to the growth of this market. For instance, EPDM is one of the most versatile and fastest-growing rubber molding materials, and provides excellent resistance to heat, oxidation, ozone, and weather withstanding capacity. However, owing to its high cost, its use in the automotive market is restricted to high-end vehicles.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Rubber Molded Components Market, By Region, Vehicle Type, & Component
7 Automotive Rubber Molded Components Market, By Material
8 Competitive Landscape
9 Company Profiles
- AB SKF
- Continental AG
- Cooper-Standard Holdings Inc.
- Dana Holding Corporation
- Federal-Mogul Corporation
- Freudenberg and Co. Kg
- Hutchinson SA
- NOK Corporation
- Sumitomo Riko Co., Ltd.
- Toyoda Gosei Co., Ltd.
- Trelleborg AB
For more information visit http://www.researchandmarkets.com/research/grjnn3/rubber_molding
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets