Rubber Molding Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026
Rubber Molding Market Overview
- Asia-Pacific dominates the rubber molding market share owing to increasing demand from applications such as automotive and healthcare industries.
- The growing usage of new technologies namely the liquid silicone injection and 3D printing by injection molding machines to prepare resin molds are likely to aid in the market growth of rubber molding
- Increasing the adoption of lighter weight products, implementation of stringent government regulations related to vehicular emissions are driving the market demand for rubber molding.
Rubber Molding Market, by Geography, 2020
Rubber Molding Market Segment Analysis - By Product Type
rising automotive production combined with increased adoption of lightweight
rubber molding such as EPDM rubber will drive this market. In addition to this,
neoprene rubber molding is mostly used to create protective gear for fragile
electronic devices in the electronics industry. This rubber molding stands as
an ideal choice to satisfy the demand for gaskets, hoses, and timing belts in
the automotive industry.
Rubber Molding Market Segment Analysis - By Application
Rubber Molding Market Segment Analysis - By Geography
Rubber Molding Market Drivers
Growing demand for lightweight products in vehicles
Rising adoption of lightweight products to replace metal products in vehicle production to improve the durability and also to reduce the weight and cost of the vehicle. Liquid silicone rubber is one of the versatile material which is mainly used in molding applications. Owing to its flexibility this rubber is suitable for gaskets, lenses, connectors, and provides excellent thermal, chemical, and electrical resistance. In APAC, automobile manufacturers are experiencing the severe impact of fuel mileage regulations. In order to meet those higher mileage standards, automakers are focusing on preparing lighter cars. For that purpose, the carmakers are choosing a durable, strong, and ultralight material instead of high-strength steel and aluminum. For instance, in September 2018, a CRIDER was redesigned with a fuel mileage of 4.9L/100km to meet Chinese fuel mileage regulations for 2020.
Technological advancements – Injection molding
Injection molding supports cost-effective production of identical parts. The advanced technologies of injection moulding machine are utilizing rubber materials to produce many packaging products such as toys, caps for water bottles, home goods, components for cars and airplanes, appliances, TVs, electronic parts and medical products. For this, they are using resin molds to make specific molds of the above-mentioned objects. Organic rubber injection is beneficial as it eliminates operator placement of pre-forms and the decreased viscosity of rubber allow easy flow into the cavities. This is because, the machine is equipped with solenoid valves that control the direction of the hydraulic flow of fluids. In addition to this, liquid injection molding reduces contamination and provide enhanced cycle times, biocompatibility, flexibility, inertness, stability and superior heat resistance.
Rubber Molding Market Challenges
Constraining factors involved in the rubber molding process
Shrinkage of the cured component, mold flash, porosity due to uneven curing, flow marks, surface delamination, short shot, warping, burn marks, set-up efficiency is the list of challenges need to rectified to enjoy the perfect rubber compression molding process. This shrinkage occurs due to the difference in expansion coefficients of mold and component. Whereas incomplete curing resulted in porosity. The fault on the mold surface results in flow marks which leads to a fault in the flow direction. All these glitches may decrease the growth of the rubber molding market size.
Product launches, acquisitions, and Technology launches are key strategies adopted by players in the rubber molding market. In 2020, the market of rubber molding has been consolidated by the top five players, accounting for a share of 60%. AB SKF, Continental AG, Cooper-Standard Holdings Inc., Sumitomo Riko Co. Ltd., Dana Holding Corporation, Federal-Mogul Corporation, Freudenberg & Co. Kg, Hutchinson SA, NOK Corporation, and Trelleborg AB are the Rubber Molding top 10 companies.
- In November 2019, Jrlon Inc. and RotaDyne signed an agreement of acquisition to excel their presence in rubber manufacturing. This acquisition ultimate goal is to expand the sales of rubber molding business.
- In August 2019, Vuteq USA Inc., a subsidiary of Japan's Vuteq Corporation planned to invest an amount of $60 million to inaugurate an injection molding facility in Huntsville, Ala, in the U.S.
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List of Tables
1 US Rubber Molding Market Size 2018
2 Canada Rubber Molding Market Share 2018
3 Brazil Rubber Molding Market Outlook 2019 - 2023
4 Mexico Rubber Molding Market Research 2018
5 Germany Rubber Molding Market Trends 2019 - 2023
6 France Rubber Molding Market Growth 2019 - 2023
7 UK Rubber Molding Market Demand 2019 - 2023
8 Italy Rubber Molding Market Segmentation 2018
9 Russia Rubber Molding Market Analysis 2019 - 2023
10 China Rubber Molding Market Revenue 2019 - 2023
11 Japan Rubber Molding Market Volume 2019 - 2023
12 South Korea Rubber Molding Market Potential 2019 - 2023
13 India Rubber Molding Market Leaders 2018
14 Saudi Arabia Rubber Molding Market Forecast 2019 - 2023
15 Kuwait Rubber Molding Market Value 2018
List of Figures
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