Rubber molding market size is forecast to reach $52.0 billion by 2026
Rubber Molding Market size is forecast to reach $52.0 billion by 2026, after growing at a CAGR of 5.0% during 2021-2026 according to IndustryARC. Physical attributes such as strength, stress and heat resistance, recyclability, flexibility, and ease moldability of rubber compounds are ideal components for rubber molding. Widespread application of rubber molding in healthcare, aerospace, automotive manufacturing, electronics, transportation, sports and recreation, EMI shielding and sound management, has been driven because of low energy usage and carbon footprint. Moreover, the synthetic rubber is getting used in numerous applications of healthcare industry because of its capabilities such as avoiding allergic reactions while transferring intravenous fluids
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