Global cellular rubber market forecast at $15 billion by 2032

Pune, India – Global Cellular Rubber demand is anticipated to be valued at US$ 8.4 Billion in 2022, forecast to grow at a CAGR of 5.91% to be valued at US$ 15 Billion from 2022 to 2032. Growth is attributed to increased demand for the automotive industries according to Future Market Insights.

Asian Pacific areas that are expanding their manufacturing sectors, with India being a significant cellular rubber exporter. These factors are projected to drive cellular rubber market expansion throughout the forecast period. Furthermore, foam blanks composed of cellular rubber are utilized for the shipping and installation of solar components. Furthermore, cellular rubber is employed in the space sector for engine seals and light seals. As a result, these factors are projected to account for the growth in the cellular rubber market over the forecast period.

Major automobile manufacturers have collaborated with the material’s sealing qualities and noise reduction properties to develop a method of automotive applications for the EPDM kind of cellular rubber. Cellular rubber is used by car makers to seal the doors and tubes, as well as to make tires and other vehicle components.

The growing popularity of electric cars, as well as the anticipated recovery of the automotive sector from the pandemic’s effects by 2022, is pushing higher demand for cellular rubber. Asia Pacific is a significant automotive market, accounting for the majority of vehicle manufacturing, particularly in China, Japan, and India. Furthermore, there is a boom in global demand for electric automobiles. According to EVAdoption estimates, the sale of these cars in the United States is predicted to reach 3,000,000 units by 2028, up from 507,710 units in 2020.

Furthermore, the rubber has the ability to instantly connect with the metal and offer a robust screen against weather. The cellular rubber is employed in much electronic equipment for device sealing and vibration isolation. Furthermore, some features of cellular rubber may be tailored to meet specific needs in a variety of electronic device applications. The increased demand from numerous small and medium-sized businesses provides a sufficient cushion to the market. As a result, these factors are expected to drive the expansion of the cellular rubber market.

Many organizations are adopting unpredictable raw material costs in order to dominate the industry and obtain market share. Unexpected variations in raw material costs, as well as inclement weather, have an impact on the cellular rubber market. Furthermore, changes in raw material costs have a direct influence on the output of most sectors. These factors are projected to impede the growth of the cellular rubber market during the forecast period.

APAC’s largest economies include China, India, Japan, South Korea, and Australia. Because of its advantageous qualities such as sealing, shielding, and high compressibility, the automobile sector is a major end consumer of cellular rubber. Cellular rubber is largely used in vehicles for HVAC system gaskets and seals, carburetor gaskets, noise, vibration, and harmonics pads, wiring harness gaskets, lighting gaskets (interior and exterior), antenna gaskets, and vehicle trunk and door sealers.

The growing popularity of electric cars, as well as the anticipated recovery of the automotive sector from the pandemic’s effects by 2022, is pushing higher demand for cellular rubber. Asia Pacific is a significant automotive market, accounting for the majority of vehicle manufacturing, particularly in China, Japan, and India. Across the area, demand for electric vehicles is increasing. With an increase in electric vehicle sales, the manufacture of electric cars is also expanding, which is driving up demand for cellular rubbers in the APAC automotive sector.

Furthermore, EPDM cellular rubber quickly combines with metal and offers a robust barrier against weather, the environment, road surface, and vibration. The many applications of cellular rubber, as well as the increasing demand from the automotive sector are the primary factors driving the growth of the Europe cellular rubber market.

Some of the key participants present in the global Cellular Rubber market include Chicago Wilcox Mfg. Co. Inc., Rogers Foam Corp, Stockwell Elastomerics, American Foam Rubber, LP, Foam Rubber LLC, and Saint Gobain Performance Plastics among others.