Cellular Rubber Market Share

APAC Market Statistics

The market in Asia Pacific and North America is anticipated to be the most potential markets for growth on the back of the presence of major rubber and automotive industries in the region. The Asia Pacific is estimated to witness relatively high growth in terms of value on the account of customizable properties catering to specific requirements. In addition, investments in the automotive industry are rising daily. India and China are two major regions in the Asia Pacific that are scaling up the size of their manufacturing sector and India is progressing into a major cellular rubber exporter. These reasons are expected to fuel the market growth of cellular rubber over the forecast period.

North American Market Forecast

Throughout the forecast period, North America is expected to account for the fastest CAGR in the cellular rubber market. The emergence of numerous end-use industries, as well as increased vehicle manufacturing and distribution, are expected to contribute to market expansion in this region. Furthermore, increased customization of cellular rubber to satisfy individual client needs, particularly in the United States, is expected to encourage market expansion.

Europe Market Forecast

During the projected period, Europe is expected to hold the major share of the cellular rubber market. The region's automobile sector's continued expansion is projected to propel the region's cellular rubber market growth. The increased demand for automobiles in the region is mostly due to expanding consumer buying power, an increase in the number of dual-income households, an increase in the working class, and the nations' flourishing economies. As a result of its sealing and noise-cancellation qualities, cellular rubber is rapidly becoming prevalent in the automotive industry. In 2021, German automakers manufactured more than 15.6 million automobiles. German firms account for 15 of the world's top 75 automobile suppliers. The EPDM cellular rubber attaches quickly to metal and functions as a reliable weather protection; it also safeguards car parts from environmental and road surface hazards as well as vibrations.