According to the recent research report titled ‘Rubber Molding Market Share, Size, Trends, Industry Analysis Report, By Type; Material; By End User; By Regions, Segments & Forecast, 2020 – 2026’, available with Market Study Report, global rubber molding market is expected to accumulate USD 51.43 billion by the year 2026.
 

Exceptional properties of molded rubber, emerging automated manufacturing techniques and robotics, along with technological advancements are the primary factors stimulating global rubber molding market growth.
 

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Molded rubber offers better characteristics, qualities, and performance in comparison with other materials; therefore, it is used in healthcare, sports gear, automotive, and other applications.
 

Mounting demand for automotive tooling from shops that supply to major car makers will foster the market growth. Rubber moldings are largely used in aerospace sector for airframes and engines to perform in extreme pressure and temperature conditions.
 

Rubber molded products are also used in automotive sector for developing commodities such as rubber bumpers, which can minimize wear and tear on vehicle body, and increase toughness of components. These products can withstand high temperature, weathering, and are suited for refrigeration seals, oil, and fuel resistance. Hence, widespread product application in aerospace as well as automotive verticals is propelling worldwide rubber molding industry expansion.
 

Coming to the negatives, shortage of advanced raw material, regulatory issues, and price instability are likely to hamper global rubber molding industry landscape over the study period. In addition, rising environmental concerns due to usage of plastic and rubber components will also act as a challenge.
 

From a geographical perspective, Asia Pacific currently holds a major portion of global rubber molding market share, creditable to growing automotive sector in the region. Technological advancements, amplifying industrial sectors, and adoption of premium vehicles are also adding traction to the regional market outlook.
 

Meanwhile, Europe and North America industry is projected to expand over 2020-2026, as the market players are adopting expansion, agreements & product development, collaborations, and acquisitions as their primary strategies.
 

Leading organizations in global rubber molding market sphere are Sumitomo Riko Co. Ltd., Hutchinson SA, Continental AG, Bohra Rubber Pvt. Ltd., Steele Rubber Products, NOK Corporation, Toyoda Gosei Co. Ltd., Trelleborg AB, Federal-Mogul Corporation, and Freudenberg & Co. KG.