Hypalon Rubber (Chlorosulfonated Polyethylene or CSM) is a synthetic rubber based on polyethylene known for its excellent resistance to atmospheric conditions and good resistance to chemicals. According to BlueQuark Research & Consulting, the global Hypalon Rubber market is expected to witness a significant growth rate during the forecast period. Factors such as its growing demand in the tire industry for making high-quality tires due to its good chemical resistance, oil resistance, and abrasion resistance which provides good weathering and demand as a construction material for roof membranes and covers for portable water reservoirs, drive the current Hypalon Rubber market. Furthermore, its use in the footwear industry for coating shoe soles increases its durability. However, Hypalon rubber being a petroleum derivative faces price volatility. It's highly toxic fumes when it is burnt causes safety and environmental considerations that could restrain its growth in the forecasted years.
Hypalon Rubber is used to manufacture tires, rigid inflatable boats used by the coast guards, flexible tubes, coating, adhesive, rubber sheet, rubber rollers, and adhesives in the cable industry due to its high resistance to atmosphere and chemicals. It serves various grades and end-users like tire, footwear, construction, and chemical processing equipment industry.
The Tire Industry is a prime consumer of Hypalon rubber globally and is expected to drive the future global market. Due to the Hypalon rubber's resistance to atmospheric conditions, good resistance to chemical and slow weathering makes it a preferred choice for tire manufacturers globally. The increasing population and rapid urbanization have increased the sales of automotive vehicles globally, driving the tire industry. Owing to the rapid urbanization in emerging countries like China and India, the sales of commercial vehicles such as trucks, tractors, and trailers are on the surge. Furthermore, the automotive industry is experiencing a boom in the electric vehicle market. The environmental awareness amongst citizens coupled with the government offering subsidies on its purchase further propels the tire industry. It is also extensively used to manufacture Hypalon inflatable boat used by the coast guard. It withstands a battering from the seas, accepts bright coloration, and does not fade over time when left exposed to the sun and ocean. Thus, the increasing tire and construction material demand is all set to propel the future Hypalon rubber market.
Major global players in the industry were Trelleborg, Stedfast , Ningbo KQD , Lianda, Tosoh , Zenith Rubber, White Cross Rubber Products Ltd., among others.
Asia-Pacific is expected to be the largest market for Hypalon rubber in the forecasted year. Owing to the increasing population in the region, the demand for automotive vehicles is increasing the tire demand. With the rapid industrialization in the region, the demand for heavy-duty vehicles for commercial purposes is also increasing. Since China's growth rate had been impressive in the last decades, the following decade is also expected to witness the same rise, making China a leader in Hypalon rubber demand. Further, China has the most prominent automotive industry and is expected to consolidate its position as a prime Hypalon market. The various range of temperature zones experienced in the region, from desert to wet monsoon and snowy winters, encourages Hypalon rubber consumption during construction works. The construction industry is on the rise due to the surge in urbanization in the region, increasing the demand for Hypalon rubber in the forecasted years.
Global Hypalon Rubber Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Hypalon Rubber market by segmenting based on the Grade (High Viscosity Grade, Medium Viscosity Grade, Low Chlorine Grade), End-User Industry (Tires, Construction, Footwear, Wire and Cables, Chemical Processing Equipment, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.