Sheets Segment to Dominate Europe Cellular Rubber Market During 2021–2028 

According to a new market research study on “Europe 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$ 3,491.72 million by 2028 from US$ 2,688.78 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The report provides trends prevailing in the Europe cellular rubber market along with the drivers and restraints pertaining to the market growth. Various application of cellular rubber and growing demand from automotive industry are the major factor driving the growth of the Europe cellular rubber market. However, variation in raw material prices hinder the growth of Europe cellular rubber market. 

In case of COVID-19, Europe is highly affected specially France. The lockdown restrictions are being slowly lifted in some of the countries in Europe. All these factors are likely to have a positive impact on the chemicals and materials industry, which will translate in the recovery of the cellular rubber market. Europe has one of the advanced automotive, cold storage, and healthcare industries in the world. The demand for cellular rubber is expected to increase in the region as the economies are recovering and vaccination drives are being adopted. The market for cellular rubber has been impacted due to ineffective supply of raw materials such as polyethylene, polypropylene along with a significant impact upon the production processes. Additionally, hike in crude oil prices have led to the fluctuation in raw material prices of cellular rubber, creating challenges in the market growth. However, the market has also witnessed significant investment and growth due to the rapidly growing end use industries such as automotive, construction, HVAC, and consumer goods. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced and bio-based cellular rubber with the rising need for environment friendly products across the application industries. This is expected to provide an impetus to market growth. The automotive industry has been witnessing declining sales of passenger cars. However, the industry has started to gain momentum and is expected to witness significant growth during the upcoming years with the increasing sale of electric vehicles. 

The Europe 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 aerospace segment is expected to be fastest growing during forecast period.  Based on country, the market has been segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.

ERIKS, Kautschuk- und Kunststoffteile GmbH, NDS-Seals, Oskar Pahlke GmbH, PANA Foamtec GmbH, Polymax Ltd, Ridderflex, Rogers Corporation, SEDO Chemicals Neoprene GmbH, and W. KÖPP GmbH & Co. KG are among the leading companies in the Europe 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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