Vietnam Industrial Rubber Market, By Type (Natural Rubber and Synthetic Rubber), By Product (Mechanical Rubber Good, Rubber Belt, Rubber Hose, Rubber Roofing and Others), By Application (Automotive, Wire & Cable, Building & Construction, Industrial Manufacturing, Medical & Healthcare, Medical & Healthcare, Coating, Sealant & Adhesive and Others), By Company and By Geography, Forecast & Opportunities, 2027

Vietnam Industrial Rubber Market is projected to grow at a robust CAGR during the forecast period owing to growing tire industry in the country, growing demand for automobiles and growing economy of the country. Moreover, in 2018, the Government of Vietnam approved the Automobile Sector Development Strategy and Master Plan 2024. As per the plan, the country is expected to manufacture 227,000 units of automobiles and establish itself as the global supplier of spare parts and high-value items by 2024. These factors are expected to positively influence the country’s industrial rubber market during the forecast period. Increasing demand from the automotive industry and growing application of rubber products in the end use industry are the main drivers of the industrial rubber product market. Based on product type, the market has been segmented into Mechanical Rubber Good, Rubber Belt, Rubber Hose, Rubber Roofing and Others. In 2021, the mechanical rubber goods witnessed the largest demand and is expected to maintain its dominance over the next five years as well since these are heavily used in automotive industry. Furthermore, increasing use of rubber products in construction & infrastructure industry and innovation in the products manufactured from synthetic rubber are the key opportunities in the industrial rubber products market.

Some of the leading players in the Vietnam Industrial Rubber Market are Lanxess, TSRC Corporation, The Goodyear Tire and Rubber Company, Sinopec, Zeon Corporation, Nizhnekamskneftekhim, Kumho Petrochemical, JSR Corporation, Versalis S.P.A., LG Chem etc.

Objective of the Study:

• To analyse and forecast the market size of Industrial Rubber Market, in terms of value and volume.
• To classify and forecast Vietnam Industrial Rubber Market based on type, product, application and regional distribution.
• To identify drivers and challenges for Vietnam Industrial Rubber Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam Industrial Rubber Market.
• To conduct the pricing analysis for Industrial Rubber Market.
• To identify and analyse the profile of leading players involved in the manufacturing of Vietnam Industrial Rubber Market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across Vietnam.

TechSci Research calculated the market size of Vietnam Industrial Rubber Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Industrial Rubber Manufacturers
• End User
• Distribution utilities
• Government utility providers
• Industry associations and experts
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Vietnam Industrial Rubber Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Industrial Rubber Market, By Type:
• Natural Rubber
• Synthetic Rubber
• Vietnam Industrial Rubber Market, By Product:
• Mechanical Rubber Good
• Rubber Belt
• Rubber Hose
• Rubber Roofing
• Others
• Vietnam Industrial Rubber Market, By Application:
• Automotive
• Wire & Cable
• Building & Construction
• Industrial Manufacturing
• Medical & Healthcare
• Medical & Healthcare
• Coating
• Sealant & Adhesive
•  Vietnam Industrial Rubber Market, by Region:
• South Vietnam
• North Vietnam
• Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Industrial Rubber Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.