Asia-Pacific Cellular Rubber Market

Market Introduction

The APAC cellular rubber market is segmented into China, Japan, South Korea, India, Australia, and the Rest of APAC. The regional market is projected to witness remarkable growth in the near future due to the rapidly expanding consumer electronics industry in China, Japan, and South Korea. China is one of the largest consumer electronics markets across the world, closely followed by Japan and South Korea. Due to the high concentration of consumer electronics manufacturers in APAC, the demand for cellular rubber is expected to grow significantly in this region over the forecast period. Cellular rubber is extensively used in air conditioners and refrigeration systems. NBR cellular rubber has moisture resistant characteristics, which makes it a valuable component in chilled water and piping systems. EPDM cellular rubber has stability in both high and low temperatures and can also withstand these conditions without becoming brittle and deteriorating. The fans and motors, present in HVAC systems, cause vibrations. Incorporating EPDM rubber gaskets helps in reducing such vibrations. Silicone cellular rubber is being used as an environmental seal to secure exterior additions, such as HVAC systems, lighting fixtures, and computer cabinets, from the intrusion of dust, air, moisture, or illumination. It is also used in electrical components for vibration isolation. Thus, an increase in the usage of cellular fiber in consumer electronic industry is expected to propel the growth of this regional market.

The Asian economies have been hit hard due to the pandemic. India recorded the highest number of cases, and the emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemic upon the chemicals & materials industry. India is amongst the worst hit countries from COVID-19 and the automotive, construction industries have been affected the most. The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants in the region has affected the global supply chain and negatively impacted the manufacturing capabilities, delivery schedules, and sales of various goods. The pandemic has directly affected the production and demand, which has led to supply chain and market disruption, and has subsequently impacted the financial status of the firms and the APAC economy. Chemicals and materials is one of the major industries suffering serious disruptions such as supply chain breaks and shutdowns of production plants. The ongoing COVID-19 pandemic has led to a significant hike in the demand for various medicines and COVID-19 vaccines across the region. The trade for such medicines and vaccine is propelling the need for suitable storage facilities and systems, which in turn is catalyzing the demand for cellular rubber as a sealant and insulator. Thus, initially COVID-19 pandemic has had a negative impact on the growth of the APAC cellular rubber market. However, the market is expected to regain growth during the upcoming years.  

Asia-Pacific Cellular Rubber Strategic Insights

Strategic insights for the Asia-Pacific Cellular Rubber provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia-Pacific Cellular Rubber Report Scope

Asia-Pacific Cellular Rubber Regional Insights

The geographic scope of the Asia-Pacific Cellular Rubber refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The APAC cellular rubber market is expected to grow from US$ 2,223.74 million in 2021 to US$ 3,126.00 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.  Cellular rubber is a type of foam rubber with a closed cell structure. The cells of cellular rubber are not interconnected and, thus, offer beneficial properties to the material. Cellular rubber is completely impenetrable, light in weight, compressible, waterproof, dustproof, has a self-adhesive layer, and is cheaper than sponge rubber. It is highly resistant to ageing, temperature, oils, and offers low thermal conductivity. Owing to these beneficial properties, cellular rubber is being widely used in varied application industries, such as construction, automotive, aerospace, marine and railways, consumer goods, heating, ventilation, and air conditioning (HVAC), electrical enclosures and control panels. Primarily, it is used for sealing, isolating, insulation, confinement, rattle prevention, and shock absorption in in all these applications. It is a dense material and can be compressed with low pressure to create a seal. The closed cell structure of cellular rubber does not allow gases or liquids to penetrate. Such a wide application scope of cellular rubber is amongst the main determinants that are driving the growth of the APAC cellular rubber market significantly.

Key Market Segments

In terms of product type, the sheets segment accounted for the largest share of the APAC cellular rubber market in 2020. In terms of material, the EPDM segment held a larger market share of the APAC cellular rubber market in 2020.  Further, the automotive segment held a larger share of the APAC cellular rubber market based on end user in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC cellular rubber market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ERIKS, Polymax Ltd, Ridderflex, Rogers Corporation, and W. KÖPP GmbH & Co. KG among others.  

Reasons to buy report

• To understand the APAC cellular rubber market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC cellular rubber market
• Efficiently plan M&A and partnership deals in APAC cellular rubber market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC cellular rubber market
• Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region. 

APAC Cellular Rubber Market Segmentation

APAC Cellular Rubber Market - By Product Type

• Sheets
• Rolls
• Others

APAC Cellular Rubber Market -

By Material

• NBR
• Neoprene
• EPDM
• Silicone
• Others 

APAC Cellular Rubber Market -

By End User

• Automotive
• Electronics
• Aerospace
• Others

APAC Cellular Rubber Market - By Country

• Australia
• China
• India
• Japan
• South Korea 
• Rest of APAC

APAC Cellular Rubber Market - Company Profiles

• ERIKS    
• Polymax Ltd
• Ridderflex
• Rogers Corporation
• W. KÖPP GmbH & Co. KG