EPDM Segment to Dominate APAC Cellular Rubber Market During 2021–2028 

According to a new market research study on “APAC Cellular Rubber Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Material, and End User” is expected to reach US$ 3,126.00 million by 2028 from US$ 2,223.74 million in 2021. The market is estimated to grow at a CAGR of 5.0% from 2021 to 2028. The report provides trends prevailing in the APAC cellular rubber market along with the drivers and restraints pertaining to the market growth. Surging demand from automotive industry and escalating investments in cold chain infrastructure are the major factor driving the growth of the APAC cellular rubber market. However, fluctuating raw material prices hinder the growth of APAC cellular rubber 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.   

The APAC cellular rubber market has been segmented based on product type, material, end user, and country. Based on product type, the market has been segmented into sheets, rolls, and others. The sheets segment dominated the market in 2020 and rolls segment is expected to be fastest growing during forecast period. Based on material, the market has been segmented into NBR, neoprene, EPDM, silicone, and others. The EPDM segment dominated the market in 2020 and neoprene segment is expected to be fastest growing during forecast period. Further, market based on end user has been segmented into automotive, electronics, aerospace, and others. The automotive segment dominated the market in 2020 and electronics segment is expected to be fastest growing during forecast period.  Based on country, the market has been segmented into China, India, Japan, South Korea, and rest of APAC.

ERIKS, Polymax Ltd, Ridderflex, Rogers Corporation, and W. KÖPP GmbH & Co. KG are among the leading companies in the APAC cellular rubber market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Rogers Corporation Announced Griswold FlameSafe, the Industry’s First Family of Open-Cell Sponge Products to Meet UL HBF Flame Resistance Rating. 

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