Australia Rubber Industry Analysis, Forecasts and Opportunity Assessment (2017-2023)

Report on Australia Rubber Industry Analysis, Forecasts and Opportunity Assessment (2017-2023)

Introduction to Australia Rubber Industry

Rubber sprouts from three different sources such as natural, synthetic, and reclaimed rubber. Natural rubber is reaped in the form of latex from trees such as congo, brasiliensis, hevea, dandelion and others. Rubber industry involves companies that work by manufacturing, producing and supplying rubber products, including automotive parts, rubber bands, doormats and rubber gloves. Due to the variety of goods, this industry sells to a number of downstream industries, including construction, manufacturing, and healthcare companies.

 

Technology/End user

An innovative, Nano-engineered rubber technology adds strength and conductivity to rubber compounds. This leads to dramatic impacts on efficiency, productivity, and durability in the manufacturing environment. Synthetic rubber has extensive application in automobile & transportation industry for hoses, matting, tires, belts, etc. Reclaimed or recycled rubber is manufactured by use of heat and chemical agents, and mechanical working on ground vulcanized scarp tubes, tires and other waste products. The major uses of reclaimed rubber are in passenger tire carcass, tubeless tire liners, extruded, inner tubes and calendared products, insulation tiles used in laying pedestrian.

 

Market Dynamics

The end-use industries such as the construction and automotive sectors are concerned with sustainability and environmental issues, which have led to rising demand for greener products. It is highly vulnerable to the prevailing macro-economic conditions of the world. Increase in fuel prices has acted as a restraint to automobile production and affected the tire industry. Due to financial burdens, numerous automobile manufacturers in the past had implemented large-scale production cut-backs, which affected the sales adversely. The presence of a number of renowned manufacturers makes it tough for firms entering the industry to build a customer base that would enable them to operate at optimal capacity. Not only do firms entering the industry face tough competition from within the industry, they also face strong rivalry from imported products. This further emphasizes the significance of operating at optimum capacity for firms entering the industry, to control costs and be price competitive.

 

Market Segmentation

On basis of product, the rubber market is segmented as synthetic, natural and reclaimed rubber. Synthetic rubber is further categorized into butyl (BR), styrene butadiene (SBR), nitrile (NR), ethylene propylene diene (EPDM), chloroprene polyurethane, silicone, fluorocarbon, and others such as acrylic, epichlorohydrin, polysulfide, etc. Based on end-user, rubber market is categorized as automobile & transportation, industrial application, electrical & electronics, industrial application, packaging, construction and others which include HVAC, oil & gas.

Source: https://wits.worldbank.org/CountryProfile/en/Country/AUS/Year/2016/TradeFlow/Export/Partner/all/Product/39-40_PlastiRub

Major Trade Partners

Import Partners Export Partners
·         East Asia and Pacific

·         China

·         Europe and Central Asia

·         North America

·         USA

·         Thailand

·         Japan

·         Malaysia

 

·         East Asia and Pacific

·         New Zealand

·         Europe and Central Asia

·         North America

·         USA

·         China

·         UK

·         Vietnam

Opportunities

Increasing disposable income of consumer will upsurge the sales of automotive which will propel the automobile & transportation industry. This will lead to rise in demand for product such as tires, tubes, belts, etc.; hence, accelerating the growth of rubber industry. The use of product in industrial applications as an insulating material, sealant, adhesives, hoses, gaskets, etc. will escalate the product market growth.

 

Key Players

Some of the major players operating in Rubber market includes Lanxess, Exxonmobil Australia, LG Chem Australia, Sibur International, Dow Chemical (Australia), Carst and Walker (Australia), JSR Corporation.

 

The report contains comprehensive analysis on:

  • Australia Rubber Industry Segments
  • Australia Rubber Industry Drivers, Restraints and Opportunities
  • Australia Rubber Industry Size & Forecast 2016 to 2023
  • Supply & Demand Value Chain
  • Australia Rubber Industry Current Trends
  • Competition & Major Companies
  • Technology and R&D Status
  • Porters Five Force Analysis
  • Strategic and Critical Success Factor Analysis of Key Players

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.

Report Highlights

  • Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
  • Consumer and Pricing Analysis
  • Market dynamics of the industry
  • In-depth Market Segmentation
  • Historical and Projected Market Sizing in terms of volume and value
  • Recent market trends and Impact Factors
  • R&D Status and Technology Overview
  • Extensive Industry Structure Coverage

 

 

 

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