Hungary Rubber Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Report on Hungary Rubber Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Introduction to Hungary Rubber Industry
Rubber industry is not a major sector in the Hungarian economy. The size of the rubber industry in Hungary is small as compared to other sectors like Automotive and Electronics. The role of the rubber industry in manufacturing is not very significant. As per the statistical portal Statista, the annual production of rubber products has increased from 950.6 million euros in 2005 to 1850.8 million euros in 2015. Hungary exports 2,554,529,160 US$ worth rubber products.
Innovative rubbers have created new opportunities for the rubber industry. Tyres and speciality rubber holds new promises for the rubber manufacturing companies. Following rubber, types are the future of rubber industry-
Growth prospects for rubber industry
Demand for tyres is expected to increase in the future. Automotive industry and ancillary service sector are expected to increase the demand for rubber tyres.
Rubber production in Hungary can be segmented into the following parts
1 Rubber products for the food industry- Food industry is highly dependent on rubber. Different products like moulding equipment, rubber balls and vibratory screeners.
2 Hoses and Elbows- Silicon hose and elbows are manufactured by different rubber industries in Hungary. SIC is a major manufacturer of silicon Hoses. Silicon pipes are used in high-performance machines.
Types of Hoses-
Charge air coolant
Food grade Hoses
3 Rubber balls- SIC is a major manufacturer of Rubber balls. Rubber cleaning balls are used to clean sieves or meshes in production lines. Different types of rubber balls are used by different industries like Chemical and production.
Types of rubber balls-
Magnetic detectable balls
Floating rubber balls
4 Rubber plugs- Rubber plugs have wide application in industries like Automotive, Agriculture and Moto sports. The major function of the rubber plug is to protect important machine parts from contamination.
5 Rubber tyres- the Automotive industry is one of the largest industries in Hungary. As a result, demand for tyres is very high in the country. This makes the country an attractive location for tyre manufacturing industries. The tyre market is expected to grow at 8% between 2015-20.
Major companies producing rubber products
SIC Hungary- SIC Hungary was established in the year 1936. SIC produces a wide range of rubber products. SIC has 80 years of experience in rubber engineering and manufacturing. SIC manufactures rubber products for̥ different industries. SIC manufactures rubber products for different industries like Machining, Logistics, Glass etc.
Contitech Rubber Industrial Kft- The plant started operation in the year 1960. The company is a part of Contitech group. The company is famous for its high-quality hoses. The products are used in oil drilling and exploration.
Phoenix Rubber Industrial Ltd- The Company produces heavy-duty industrial rubber products. It is the largest manufacturer of heavy-duty rubber products. It specialises in the manufacture of conveyor belts.
Rubber Profile Industrial Technology Ltd- The Company was established in the year 2004. The company produces high-quality rubber for industrial usage. The products manufactured are used in light and heavy industry, construction industry and electrical engineering.
Apollo tyres- Apollo tyres started production of tyres in Hungary in. The company started production of Truck tyres in the plant in September 2018. Apollo Tyres is an Indian tyre manufacturing company.
Major trade partners
Exporters of rubber to Hungary
Germany– $500.3 million
Poland- $17.7 million
Czech Republic- $ 152.5 million
Italy- $ 99.9 million
France- $ 112.2 million
Russia- $ 146.1 million
Romania- $ 97.1 million
Importers of rubber products from Hungary
Spain- $ 105.4 million
Netherlands- $ 222.7 million
United Kingdom- $ 110.1 million
Austria- $ 219.6 million
- A brief overview of the rubber industry in Hungary
- Opportunities for rubber industry as a whole
- Segmentation of rubber industry as per the products
- Players in the rubber manufacturing industry on the basis of products
- A list of importers and exporters of rubber products from the country
The report contains a comprehensive analysis on:
- Hungary Rubber Industry Segments
- Hungary Rubber Industry Drivers, Restraints and Opportunities
- Hungary Rubber Industry Size & Forecast 2016 to 2023
- Supply & Demand Value Chain
- Hungary 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, macroeconomic factors, and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- 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