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

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

Introduction to Turkey Rubber Industry 

Rubber industry, as a sector produces intermediate goods that are raw materials in various other sectors like construction, automotive industry, agricultural sector, etc. Thus, the progress of the industry is primarily dependent on the condition of the numerous sectors it supplies to, and thereby, the economy as a whole. In Turkey, rubber industry is of huge significance due to the employment it provides. Moreover, having trade surplus, the rubber industry plays an important role in reducing the overall trade deficit of Turkey.

Market Dynamics

Rubber products are used in many different sectors, and the progress of the following industries will open up the market of the rubber industry. Turkey imports majority of its raw material requirements and exports intermediate or semi-finished products. The dependency of this sector on foreign resources for raw materials poses questions on the stability of the industry. Growing prices of crude oil in the international markets impacts the synthetic rubber industry (synthetic rubber is created from petroleum products).

Growth of the Automotive industry in terms of sales of light vehicles, resurgence of the construction industry, requirements in industrial production, aerospace and transportation equipment – all effect the overall demand for rubber. The prospect of Turkey becoming an international player in the automotive, machinery and construction sectors will provide impetus to the development of the rubber industry.

Since the rubber industry depends on the condition of so many industries, the overall economy of the country plays an important role in the development of industry. However, swift series of political measures following the recent coup attempt in Turkey mitigated the adverse effects on the industry due to the political turmoil that followed.

Increasing consolidation is presently seen in the market, showing signs of a market in its stage of maturity. Indigenous companies are collaborating with foreign companies and thereby eyeing new potential growth opportunities. Drastic changes in the rubber manufacturing processes are expected to be witnessed. It is yet to be seen how these changes will affect the employment scenario in the industry.

Environmental issues also play an important role, and introduction of stricter regulations involving waste reduction and management will impact the industry. There are various environmental issues concerning rubber products manufacturing industry – from emission of VOC (Volatile Organic Compound) and particulate matter to proper treatment of chemicals, solvents, waste water and proper disposal solid wastes.

 

 

Market Segmentation

The rubber market can be broadly segmented into natural rubber products and synthetic rubber products. From a viewpoint of usage, the market can be classified as finished product market and intermediate product market. Based on product type, we can segment the rubber market into gaskets, hoses, conveyor belts, sealing products, as well as footwear. Another important segment of the rubber industry is the market for adhesives. The growing demand for flexible packaging over traditional rigid packaging will drive the rubber-based pressure sensitive adhesive market.

Geographic Analysis

The global industrial rubber market can be divided into the following key geographical regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America leads the global industrial rubber market in terms of market revenue followed by Europe. Asia Pacific & Japan are expected to expand substantially in the coming years.

Turkey imports raw materials mainly from Germany, China, Korea Republic and Saudi Arabia. It exports rubber products mainly in the European and Middle Eastern regions, with highest exports in Germany, Iraq, Italy, United Kingdom and France.

Key Players

The leading players in the rubber manufacturing market in Turkey are:

  • AG Group
  • Erpen
  • Gokdag
  • Isik
  • Koksan
  • Naksan
  • Pakpen

The report contains comprehensive analysis on:

  • Turkey Rubber Industry Segments
  • Turkey Rubber Industry Drivers, Restraints and Opportunities in Turkey
  • Turkey Rubber Industry Size & Forecast 2016 to 2023
  • Supply & Demand Value Chain
  • Turkey 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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