Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Type (Natural Rubber, Synthetic Rubber), By Application (Automotive, Building & Construction, Industrial Manufacturing, Polymer Modification, Wire & Cable, Electrical & Electronics, Coating, Sealant, & Adhesive, Others), By Product (Mechanical Rubber Good, Rubber Hose, Rubber Belt, Rubber Roofing, Others) And Competitive Landscape
Product Code: ETC081121 | Publication Date: Feb 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The Middle East Industrial Rubber Market is anticipated to grow rapidly during the forecast period, on the back of the rising demand for industrial rubber from a number of industries like automotive, manufacturing, and construction. The rising demand for vehicles that are energy-efficient is also fueling the sector growth in the continent.
According to 6Wresearch, the Middle East Industrial Rubber Market size is anticipated to grow at a higher growth rate during 2023-2029. This industry in the region is one of the rapidly growing industries, driven by the rising demand from many markets such as automotive, manufacturing, and construction. The sector will gain new growth in the coming years. Industrial rubber products are used in many applications, which include gaskets, seals, belts, as well as conveyor systems. The automotive and construction sectors are the largest end-user sectors of industrial rubbers in the region.
The demand for industrial rubber is growing from all countries present in the region owing to the economic growth. The sector in the region is competitive, with many regional and multinational companies operating in it. The players in the market invest in research and development in order to introduce advanced as well as innovative rubber products in order to align with the rising demand in the continent.
Factors that are stimulating the Middle East Industrial Rubber Market Growth include rising demand from automotive as well as construction industry, adoption of smart technologies, rising emphasis on sustainability, and the rise in of the oil as well as gas sector.
The outbreak of the pandemic led to a significant impact on the Industrial Rubber Market in Middle East. Here are some ways in which the COVID-19 pandemic affected the sector:
Supply Chain Disruptions: The restrictions imposed by the governments owing to the lockdown to contain the virus spread led to disruptions in the supply chain of the market This affected the delayed the delivery of the products and availability of raw materials.
Decline in Demand: The coronavirus pandemic led to a decline in demand for industrial rubber products since many major end-use industries like automotive, construction, as well as manufacturing were affected. Restrictions on travel as well as on business operations led to a disruption in construction activity, and it affected the demand for industrial rubber products like hoses, seals, and belts.
Production Slowdown: The restrictions on movement as well as on business operations led to a production slowdown of industrial rubber products, which affected the profitability and revenue of manufacturers in the market.
Government Support: Governments in the country of the region provided financial support and incentives to the manufacturers in order to mitigate the pandemic impacts, which included subsidies, loans, and tax exemptions in order to support business operations.
Shift Towards Sustainability: The coronavirus pandemic led to a shift towards sustainability in this sector of the region. There was rising focus on the use of eco-friendly as well as biodegradable materials in manufacturing of industrial rubber products.
These factors affected the Middle East Industrial Rubber Market share during the pandemic, but the sector is now growing and flourishing in the continent.
On the basis of countries, the Middle East Industrial Rubber Industry is classified into Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain And Turkey. The demand for industrial rubber is growing from each country in the region as all these nations are experiencing massive economic growth.
On the basis of type, the Industrial Rubber Market in Middle East is classified into Natural Rubber, and Synthetic Rubber. The synthetic segment is projected to be the largest type segment owing to its increasing demand.
On the basis of application, the sector is classified into Automotive, Building & Construction, Industrial Manufacturing, Polymer Modification, Wire & Cable, Electrical & Electronics, Coating, Sealant, & Adhesive, and Others. The automotive segment will account for the largest market share.
On the basis of product, the industry is classified into Mechanical Rubber Good, Rubber Hose, Rubber Belt, Rubber Roofing, and Others. The mechanical rubber good segment is projected to be the largest segment.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Industrial Rubber Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Industrial Rubber Market Revenues & Volume, 2022 & 2029F |
3.3 Middle East Industrial Rubber Market - Industry Life Cycle |
3.4 Middle East Industrial Rubber Market - Porter's Five Forces |
3.5 Middle East Industrial Rubber Market Revenues & Volume Share, By Countries, 2022 & 2029F |
3.6 Middle East Industrial Rubber Market Revenues & Volume Share, By Type, 2022 & 2029F |
3.7 Middle East Industrial Rubber Market Revenues & Volume Share, By Application, 2022 & 2029F |
3.8 Middle East Industrial Rubber Market Revenues & Volume Share, By Product, 2022 & 2029F |
4 Middle East Industrial Rubber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Industrial Rubber Market Trends |
6 Saudi Arabia Industrial Rubber Market, 2019 - 2029 |
6.1.1 Saudi Arabia Industrial Rubber Market, Revenues & Volume, By Type, 2019 - 2029 |
6.1.2 Saudi Arabia Industrial Rubber Market, Revenues & Volume, By Application, 2019 - 2029 |
6.1.3 Saudi Arabia Industrial Rubber Market, Revenues & Volume, By Product, 2019 - 2029 |
7 UAE Industrial Rubber Market, 2019 - 2029 |
7.1 UAE Industrial Rubber Market, Revenues & Volume, By Type, 2019 - 2029 |
7.2 UAE Industrial Rubber Market, Revenues & Volume, By Application, 2019 - 2029 |
7.3 UAE Industrial Rubber Market, Revenues & Volume, By Product, 2019 - 2029 |
8 Qatar Industrial Rubber Market, 2019 - 2029 |
8.1 Qatar Industrial Rubber Market, Revenues & Volume, By Type, 2019 - 2029 |
8.2 Qatar Industrial Rubber Market, Revenues & Volume, By Application, 2019 - 2029 |
8.3 Qatar Industrial Rubber Market, Revenues & Volume, By Product, 2019 - 2029 |
9 Kuwait Industrial Rubber Market, 2019 - 2029 |
9.1 Kuwait Industrial Rubber Market, Revenues & Volume, By Type, 2019 - 2029 |
9.2 Kuwait Industrial Rubber Market, Revenues & Volume, By Application, 2019 - 2029 |
9.3 Kuwait Industrial Rubber Market, Revenues & Volume, By Product, 2019 - 2029 |
10 Oman Industrial Rubber Market, 2019 - 2029 |
10.1 Oman Industrial Rubber Market, Revenues & Volume, By Type, 2019 - 2029 |
10.2 Oman Industrial Rubber Market, Revenues & Volume, By Application, 2019 - 2029 |
10.3 Oman Industrial Rubber Market, Revenues & Volume, By Product, 2019 - 2029 |
11 Bahrain Industrial Rubber Market, 2019 - 2029 |
11.1 Bahrain Industrial Rubber Market, Revenues & Volume, By Type, 2019 - 2029 |
11.2 Bahrain Industrial Rubber Market, Revenues & Volume, By Application, 2019 - 2029 |
11.3 Bahrain Industrial Rubber Market, Revenues & Volume, By Product, 2019 - 2029 |
12 Turkey Industrial Rubber Market, 2019 - 2029 |
12.1 Turkey Industrial Rubber Market, Revenues & Volume, By Type, 2019 - 2029 |
12.2 Turkey Industrial Rubber Market, Revenues & Volume, By Application, 2019 - 2029 |
12.3 Turkey Industrial Rubber Market, Revenues & Volume, By Product, 2019 - 2029 |
13 Rest of Middle East Industrial Rubber Market, 2019 - 2029 |
13.1 Rest of Middle East Industrial Rubber Market, Revenues & Volume, By Type, 2019 - 2029 |
13.2 Rest of Middle East Industrial Rubber Market, Revenues & Volume, By Application, 2019 - 2029 |
13.3 Rest of Middle East Industrial Rubber Market, Revenues & Volume, By Product, 2019 - 2029 |
14 Middle East Industrial Rubber Market Key Performance Indicators |
15 Middle East Industrial Rubber Market - Opportunity Assessment |
15.1 Middle East Industrial Rubber Market Opportunity Assessment, By Countries, 2022 & 2029F |
15.2 Middle East Industrial Rubber Market Opportunity Assessment, By Type, 2022 & 2029F |
15.3 Middle East Industrial Rubber Market Opportunity Assessment, By Application, 2022 & 2029F |
15.4 Middle East Industrial Rubber Market Opportunity Assessment, By Product, 2022 & 2029F |
16 Middle East Industrial Rubber Market - Competitive Landscape |
16.1 Middle East Industrial Rubber Market Revenue Share, By Companies, 2022 |
16.2 Middle East Industrial Rubber Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |