Asia-Pacific Cellular Rubber Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Sheets, Rolls, and Others), Material (NBR, Neoprene, EPDM, Silicone, and Others), and End User (Automotive, Electronics, Aerospace, and Others)
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.
Get more information on this report : 
Market Overview and Dynamics
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
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Cellular Rubber Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. APAC Cellular Rubber Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Broad Applications of Cellular Rubber
5.1.2 Surging Demand from Automotive Industry
5.2 Market Restraints
5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
5.3.1 Escalating Investments in Cold Chain Infrastructure
5.4 Future Trends
5.4.1 Launch of Bio-Based Products
5.5 Impact Analysis of Drivers and Restraint
6. Cellular Rubber Market – APAC Analysis
6.1 APAC Cellular Rubber Market Overview
6.2 APAC Cellular Rubber Market –Revenue and Forecast to 2028 (US$ Million)
7. APAC Cellular Rubber Market Analysis – By Product Type
7.1 Overview
7.2 APAC Cellular Rubber Market, By Product Type (2020 and 2028)
7.3 Sheet
7.3.1 Overview
7.3.2 Sheet: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Rolls
7.4.1 Overview
7.4.2 Rolls: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Cellular Rubber Market Analysis – By Material
8.1 Overview
8.2 APAC Cellular Rubber Market, By Material (2020 and 2028)
8.3 NBR
8.3.1 Overview
8.3.2 NBR: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Neoprene
8.4.1 Overview
8.4.2 Neoprene: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
8.5 EPDM
8.5.1 Overview
8.5.2 EPDM: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Silicone
8.6.1 Overview
8.6.2 Silicone: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Cellular Rubber Market Analysis – By End User
9.1 Overview
9.2 APAC Cellular Rubber Market, By End User (2020 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Aerospace
9.4.1 Overview
9.4.2 Aerospace: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Electronics
9.5.1 Overview
9.5.2 Electronics: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Cellular Rubber Market – Country Analysis
10.1 Overview
10.1.1 APAC: Cellular Rubber Market, by Key Country
10.1.1.1 India: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 India: Cellular Rubber Market, By Product Type
10.1.1.1.2 India: Cellular Rubber Market, by Material
10.1.1.1.3 India: Cellular Rubber Market, by End User
10.1.1.2 Australia: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Australia: Cellular Rubber Market, By Product Type
10.1.1.2.2 Australia: Cellular Rubber Market, by Material
10.1.1.2.3 Australia: Cellular Rubber Market, by End User
10.1.1.3 China: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 China: Cellular Rubber Market, By Product Type
10.1.1.3.2 China: Cellular Rubber Market, by Material
10.1.1.3.3 China: Cellular Rubber Market, by End User
10.1.1.4 Japan: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Cellular Rubber Market, By Product Type
10.1.1.4.2 Japan: Cellular Rubber Market, by Material
10.1.1.4.3 Japan: Cellular Rubber Market, by End User
10.1.1.5 South Korea: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Cellular Rubber Market, By Product Type
10.1.1.5.2 South Korea: Cellular Rubber Market, by Material
10.1.1.5.3 South Korea: Cellular Rubber Market, by End User
10.1.1.6 Rest of APAC: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Cellular Rubber Market, By Product Type
10.1.1.6.2 Rest of APAC: Cellular Rubber Market, by Material
10.1.1.6.3 Rest of APAC: Cellular Rubber Market, by End User
11. Impact of COVID-19 Outbreak on APAC Cellular Rubber Market
11.1 APAC: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 ERIKS
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Ridderflex
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Polymax Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Rogers Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 W. KÖPP GmbH & Co. KG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Cellular Rubber Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. India Cellular Rubber Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. India Cellular Rubber Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 4. India Cellular Rubber Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia Cellular Rubber Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Australia Cellular Rubber Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 7. Australia Cellular Rubber Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 8. China Cellular Rubber Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. China Cellular Rubber Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 10. China Cellular Rubber Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan Cellular Rubber Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan Cellular Rubber Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan Cellular Rubber Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea Cellular Rubber Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea Cellular Rubber Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea Cellular Rubber Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC Cellular Rubber Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC Cellular Rubber Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC Cellular Rubber Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 20. Glossary of Terms
LIST OF FIGURES
Figure 1. APAC Cellular Rubber Market Segmentation
Figure 2. APAC Cellular Rubber Market Segmentation – By Country
Figure 3. APAC Cellular Rubber Market Overview
Figure 4. Automotive Segment Held the Largest Share of the Market in 2020
Figure 5. China Held Largest Share of the Market in 2020
Figure 6. Porter ‘s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. APAC Cellular Rubber Market – Ecosystem Analysis
Figure 9. APAC Cellular Rubber Market Impact Analysis of Drivers and Restraints
Figure 10. APAC: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Cellular Rubber Market Revenue Share, By Product Type (2020 and 2028)
Figure 12. APAC Sheet: Cellular Rubber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. APAC Rolls: Cellular Rubber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. APAC Others: Cellular Rubber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. APAC Cellular Rubber Market Revenue Share, By Material (2020 and 2028)
Figure 16. APAC NBR: Cellular Rubber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. APAC Neoprene: Cellular Rubber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. APAC EPDM: Cellular Rubber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. APAC Silicone: Cellular Rubber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. APAC Others: Cellular Rubber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. APAC Cellular Rubber Market Revenue Share, By End User (2020 and 2028)
Figure 22. APAC Automotive: Cellular Rubber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. APAC Aerospace: Cellular Rubber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. APAC Electronics: Cellular Rubber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. APAC Others: Cellular Rubber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. APAC: Cellular Rubber Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 27. APAC: Cellular Rubber Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. India: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Australia: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. China: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Japan: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. South Korea: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of APAC: Cellular Rubber Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in APAC- ERIKS
- Polymax Ltd
- Ridderflex
- Rogers Corporation
- W. KÖPP GmbH & Co. KG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC cellular rubber market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC cellular rubber market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the cellular rubber market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution