Global Rubber Testing Equipment Market poised to reach USD 687 Million in terms of share by 2026
In order to check the quality and the working of some rubber materials, there is an equipment used to check it, called rubber testing equipment. Rubber testing equipment is used to check the viability, stability and the durability of the rubber material before using it in many industries.
According to the report, the global Rubber Testing Equipment market is valued at approximately USD 529 million in 2019 and is expected to generate revenue of around USD 687 million by 2026, growing at a CAGR of roughly 3.8% from 2019 and 2026.
Global Rubber Testing Equipment Market is a growing market with the increasing demand for tires. Global Rubber Testing Equipment Market has been growing at a moderate pace over the last five years on account of a rising number of vehicles and the demand for tires in the different regions. During 2019-2026, the global rubber testing equipment market will witness a medium speed growth on account of the increase of the number of equipment which is near the end of their usable life in that period and the technological advancements in the equipment.
The Rubber Testing Equipment market is still on the growth path where the use is dependent on the tires manufactured, and considering a greater number of vehicles are coming on the roads globally. The growth in the number of tires manufactured, rise in electronic integration and R&D of the new products also create a demand for the products making the market to grow at a steady pace.
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Rubber Testing Equipment Market: Type Outlook
l Rubber Process Analyzer
l Moving Die Rheometer
l Mooney Viscometer
l Others
Rubber Testing Equipment Market: Application Outlook
l Var
l Motorcycle
l Aircraft
l Others
Rubber Testing Equipment Market: Region Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
Highlight: Key Trends of the Global Rubber Testing Equipment Market
Technical Progress in Rubber Testing Improves Market Demand
Rubber testing techniques have come a long way since Dr. Melvin Mooney presented the first practical viscometer for gauging the viscosity of rubber batches. The formulation of ASTM standards proved to be quite beneficial for the rubber testing market. The increase in the production of synthetic rubber has augmented the demand for testing equipment. Automation has empowered the rubber testing market by offering better control over test samples and managing the data obtained. Automation has reduced manual intervention in loading and unloading samples from the testing equipment. Initially, rubber testing vendors offered semi-automation services along with systems like Mooney viscometer and Moving Die Rheometer (MDR). However, test deviation has proved to be a major deterrent, as external conditions such as temperature will affect the test results.
Asia Pacific – The Largest Regional Market
Asia-Pacific is the global rubber testing equipment market leader in 2018, followed by North America & Europe markets, possessing the market share of 36%, 33%, and 21% respectively. It is expected that APAC has a significant amount of share in the overall rubber testing equipment market due to the increasing development of the automotive industry in the region.
North America region uses more amount of rubber when compared to any other regions, which helps in the growth of the rubber testing equipment market. The automobile industry needs rubber to maintain durability. Therefore, the emerging automobile industry will be the main reason for the growing demand for rubber testing equipment.
Many rubber manufacturers in the developed region incorporate the usage of rubber testing equipment in many industries, which helps in the growth of the market in the developed regions. If the same practice is followed by the developing regions, then the chances of the rubber testing equipment market to grow is high, globally.
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Leading Company for Driving Industry development
The global Rubber Testing Equipment market growth is also reliant on the development of active players in the industry, which are Qualitest, Wallace, Wallace, U-CAN DYNATEX INC, PRESTO, Prescott Instruments, Polyplast Equipment & Accesories, and etc.
February 2018 - TA Instruments introduced the Discovery DMA 850 dynamic mechanical analyzer, the newest product in its line of Discovery Series thermal analysis instruments. A DMA measures the viscoelastic mechanical properties of a material under controlled conditions of temperature, environment, and mechanical stimulus (stress or strain).
January 2018 - TA Instruments announced Integrated Modern Scientific Supplies - Gulf Bio Analytical Group of Companies (IMSS-GBA) as the new exclusive distributor for Saudi Arabia for their equipment.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Rubber Testing Equipment Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Rubber Testing Equipment Market by Types
4 Segmentation of Rubber Testing Equipment Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Rubber Testing Equipment Market in Major Countries
7 North America Rubber Testing Equipment Landscape Analysis
8 Europe Rubber Testing Equipment Landscape Analysis
9 Asia Pacific Rubber Testing Equipment Landscape Analysis
10 Latin America, Middle East & Africa Rubber Testing Equipment Landscape Analysis
11 Major Players Profile
11.1 Qualitest
11.1.1 Qualitest Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Wallace
11.3 U-CAN DYNATEX INC
11.4 PRESTO
11.5 Prescott Instruments
11.6 Polyplast Equipment & Accesories
…
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Key Stakeholders
l Rubber Testing Equipment manufacturers
l Traders, distributors, and resellers of Rubber Testing Equipment
l Rubber Testing Equipment industry associations and research organizations
l Product managers, Rubber Testing Equipment industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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