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The Automotive Rubber-molded Component Market is segmented by Material Type (Ethylene Propylene Diene Monomer (EPDM), Natural Rubber (NR), Styrene-butadiene Rubber (SBR), and Other Material Types), Component Type (Seals, Gaskets, Hoses, Weather-strips, and Other Component Types), Vehicle Type (Passenger Cars and Commercial Vehicles) and Geography.
Study Period:
2020-2025
Base Year:
2019
Fastest Growing Market:
Asia Pacific
Largest Market:
Asia Pacific
CAGR:
6.87 %
The automotive rubber-molded component market is anticipated to register a CAGR of about 6.87%, during the forecast period (2020 – 2025).
The automotive rubber-molded component market covers the latest trends and technological development in the automotive rubber-molded component, demand of the material type, component type, vehicle type, geography and market share of major automotive rubber-molded component manufacturers across the world.
By Material Type | |
Ethylene Propylene Diene Monomer (EPDM) | |
Natural Rubber (NR) | |
Styrene-butadiene Rubber (SBR) | |
Other Material Types |
By Component Type | |
Seals | |
Gaskets | |
Hoses | |
Weather-strips | |
Other Component Types |
By Vehicle Type | |
Passenger Car | |
Commercial Vehicle |
Geography | ||||||
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Ethylene propylene diene monomer (EPDM) is a type of synthetic rubber which has a lot of characteristics and features, such as weather resistance, vibration resistance, heat resistance, color stabilization, sealing property, tear resistance, durability, tensile strength (500 to 2500 PSI), etc. considered suitable for automotive applications. EPDM has a density of more than 2.00 g/cm3 and is the best for economical use. Lightweight materials like EPDM which lower pollution are a driving factor for the global automotive rubber-molded components market. The automotive industry is the largest customer for EPDM rubber. The need to reduce the vehicle weight to minimize vehicular emission is driving the growth of the market. The rising trend of electric vehicles and new energy vehicles is propelling the demand for EPDM rubber-molded components. EPDM has excellent electrical insulating properties. It has good resistance to ketones, ordinary diluted acids and alkalis, and excellent weather ability. It has excellent low temperature properties -60°F/-51°C and good high temperature resistance up to 350°F/177°C. The EPDM rubber is generally used for making weather seals and stripping, owing to its good adhesive characteristics with metal, wire and cable harness, window spacers, hydraulic brake systems, and seals for doors, windows, and trunks. The market for EPDM is expected to enjoy a healthy growth rate in the Asia-Pacific region, owing to the growth in electrification, stringent emission norms, growing demand for lightweight and commercial vehicles and availability of low-cost labor for automotive rubber component manufacturing in the region.
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China is one of the major producers of vehicles across the world. In 2019, China produced approximately 28% of the total vehicles in the world. At present, most of the vehicles produced in the country are IC engine vehicles. According to the China Association of Automobile Manufacturers, the total sales in the country fell by 8.2% in 2019 compared to the previous year. However, China's premium car market maintained stable growth in 2019. The luxury car market is concentrated and is dominated by Mercedes-Benz, Audi, and BMW. The Chinese manufacturers have accelerated the market development for hybrid and electric vehicles after the government's development plan that emphasized the need for new energy vehicles (electric, hybrid, and fuel-cell vehicles) in 2012. The Chinese government's policy on new energy to phase out all petrol and diesel cars. The country announced that by 2025, at least one-fifth of the vehicles on the roads would be electric-battery cars and plug-in hybrid cars. This will impact the market as the rubber molded components will phase out the application in electric vehicles used in IC engines.
The electric vehicle market in Japan has been experiencing growth. The demand for emission-free vehicles has been increasing, and the government has been investing heavily in this electric vehicle market. The Japanese government aims to transform all the new cars, sold in the country, to electric or hybrid vehicles, by 2050. The government has also set a target to reduce the emissions of carbon dioxide and other greenhouse gasses, by about 80% per vehicle, by 2050. This will impact the market as the rubber molded components have less application in electric vehicles as compared to IC engines.
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The automotive rubber molded component market is moderately fragmented one and dominated by various players which include, Continental AG, DANA Holding Corporation, Hutchison SA, Trelleborg AB, Federal-Mogul Corporation, Freudenberg and Co. Kg, among others.
The companies are expanding their business by opening new plants. For instance -
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Challenges
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Intensity of Competitive Rivalry
4.3.5 Threat of Substitute Products
5. MARKET SEGMENTATION
5.1 By Material Type
5.1.1 Ethylene Propylene Diene Monomer (EPDM)
5.1.2 Natural Rubber (NR)
5.1.3 Styrene-butadiene Rubber (SBR)
5.1.4 Other Material Types
5.2 By Component Type
5.2.1 Seals
5.2.2 Gaskets
5.2.3 Hoses
5.2.4 Weather-strips
5.2.5 Other Component Types
5.3 By Vehicle Type
5.3.1 Passenger Car
5.3.2 Commercial Vehicle
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 South America
5.4.4.2 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 AB SKF
6.2.2 ALP Group
6.2.3 Bohra Rubber Pvt. Ltd
6.2.4 Continental AG
6.2.5 Cooper-Standard Automotive
6.2.6 DANA Holding Corporation
6.2.7 Federal-Mogul Corporation
6.2.8 Freudenberg and Co. Kg
6.2.9 Hebei Shinda Seal Group
6.2.10 Hutchinson SA
6.2.11 NOK Corporation
6.2.12 Steele Rubber Products
6.2.13 Sumitomo Riko Co. Ltd
6.2.14 Trelleborg AB
6.2.15 Jayem Auto Industries Pvt Ltd
6.2.16 Bony Polymers Pvt Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS