Growing use of cellular rubber in solar components and transportation and strong demand from space are major key drivers for revenue growth
NEW YORK CITY, NEW YORK, USA, May 23, 2022 /EINPresswire.com/ — The cellular rubber market size was significantly large in 2020 and is expected to continue registering a rapidly increasing revenue CAGR from 2021 to 2028. Key factors responsible for the market revenue growth are increasing use of cellular rubber in solar components and transportation and strong demand from space, automotive and electronics industries. In addition, the automotive industry uses cellular rubber for the manufacture of door tubes, gaskets and vehicle frames. In the space industry, it is used for shock absorption, light seals and engine seals.
Cellular rubber, also called foam rubber, is a permeable, closed-cell rubber. It consists of closed cells all around produced with a foaming agent which creates a structure of an air-filled matrix. It is developed using gas growth agent by expansion processes and can be obtained in many strength densities. Cellular rubber blocks have non-functional skins that are made and disposed of as waste during the process. The surface is sensitive and fragile due to the absence of outer skin. Cellular rubber is suitable for self-adhesives and has several beneficial properties, such as high tear strength, resistance to oil, acids and chemicals, and restricted water absorption.
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Major companies in the market include:
US National Rubber
Sperry & Rice LLC
Reilly Foam Company
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Hardware Type Outlook (Revenue, USD Billion; 2018-2028)
End-Use Outlook (Revenue, USD Billion; 2018-2028)
Product Outlook (Revenue, USD Billion; 2018-2028)
Cellular rubber sheets
Cellular rubber rolls
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Key Drivers: Strong demand for electronic devices and vehicles is expected to be one of the major factors contributing to the growth of the cellular rubber market. Manufacturers around the world are now teaming up with other companies to develop unique materials that can reduce noise and perform in a variety of automotive applications. Manufacturers use cellular rubber to make vehicle doors, weatherstrips, and tires because this type of rubber can quickly bond to metal and provide a very strong shield against the weather. Cellular rubber is also used in many electronic devices because it can seal and isolate vibrations. To meet the requirements of specific electronic devices, cellular rubber can be easily customized. Environmental seals use cellular silicone rubber to protect exterior additions, such as light fixtures, heating, ventilation, and air conditioning (HVAC) system, and computer cabinets from dust, moisture , air or lighting. Cellular rubber is also used for various solar component processes, namely transportation and mounting.
Constraints: High cost of raw materials and increasing competition among top companies are expected to hinder the growth of the cellular rubber market in the near future. Most companies are constantly struggling to adapt to volatile commodity prices. Unreliable weather conditions and increasing competition in the oil and gas sector would also limit the growth of the cellular rubber market in the near future.
For a comprehensive understanding of market dynamics, the global cellular rubber market is analyzed across key geographies, namely: North America (United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina and Colombia), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa). Each of these regions is analyzed based on market findings in major countries in these regions for macro-level market understanding.
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The reports include historical (2018-2020) and forecast (2021-2028) data points, revenue and CAGR in the form of tables, figures and graphs, with supporting detailed and qualitative written information for each .
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The report contains information on growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other market-related aspects.
The report contains data and information about customers, competitors, suppliers/distributors and other players and the global market.
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