The global rubber coatings market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Rubber coating is performed on various applications which are made to be used in every day work. These are used in electronics, medical and automotive industries. Automotive industry have been using rubber coating in order to protect the materials from rusting. These are also applied on the desired surface to enhance its beauty or to enhance its function. Companies that manufacture exercise equipments also make use of rubber coating in their products. These coatings are applied on seals, gaskets, stoppers used in woodworks etc. Rubber coatings are used primarily in several industries as they provide resistance from mechanical wear and tear. Synthetic rubber coatings are used more than natural coating. Natural rubber coatings are not used for general coating purposes. Synthetic rubber coatings are made of liquid rubber and can be applied or sprayed on the surface for long term durability, sealing and protection against moisture.
Vulcanization of rubbers in order to apply in various sectors is expected to drive the market during the forecast period. For instance, in Oct 2021, Carver Inc. has been providing customized vulcanization process which enhances the durability of rubber to be used in major industries. Rubber as derived from tree, must undergo vulcanization process in order to be used further. Vulcanization process involves crosslinking which enhances its resistance and strength. Synthetic rubber undergoes vulcanization which then is used in engineering, aerospace and automotive. A type of rubber known as styrene butadiene rubber which is used in automotive industry as it is more durable and has good resistance. Ethylene propylene diene monomer is used in roofs and coatings. American Society for Testing and Materials makes sure that manufacturers are producing high-quality products. This society pass guidelines to make sure that products undergo certain standards. Wabash G50H-19 hydraulic compression machine gives rubber a procedure test that makes it in accordance with ASTM D3182 standards.
Some major players in the market include BASF SE, and Ashland Global Holdings, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2021, manufacturer of block copolymer, synthetic rubber TSRC has announced that its global research and development center will be opened at TSRC specialty materials LLC. This is a subsidiary of TSRC which is based at Houston, Texas. This new R&D center is companies second global R&D center, which has been setup in order to accelerate polymer and synthetic rubber processing growth.
This R&D center will enhance the development and commercialization of products keeping in mind the customers of the US. This will enhance the use of polymer design in segments such as medical, adhesive and construction. Scientific developments are expected to increase market growth. For instance, in March 2022, the Research team from Japan have prepared a type of rubber. This rubber is synthetic in nature, however, it has all the qualities of natural rubber. The major aim of producing this synthetic rubber is to reduce the burden on nature as rubber extracting poses a threat to natural vegetation.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Material
- By Industry
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– BASF SE, and Ashland Global Holdings, Inc., among others.
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Global Rubber Coatings Market Report By Segment
By Material
- Liquid
- Natural
- Synthetic
By Industry
- Electronics
- Medical
- Automotive
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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