By the end of 2025, the global rubber diaphragm market could be valued at a US$ 523.60 Mn as it expands at a 6.89% CAGR during the forecast period 2017-2025. In 2017, the market attained a valuation of US$ 307.11 Mn.
Global Rubber Diaphragm Market: Demand Analysis
One of the top indicators of the future demand in the global rubber diaphragm market is the overall economic performance. General economic conditions are observed to significantly impact the demand in most downstream markets for rubber diaphragm. In this regard, it could be said that the demand will follow the patterns of leading world economies.
The global rubber diaphragm market is exhibiting a clear recovery trend despite the problems in the competitive landscape.
Global Rubber Diaphragm Market: Drivers
Increase in motor vehicle production is envisaged to support the global rubber diaphragm market. Improving disposable income and living standards in emerging nations such as India and China could be prominent factors raising the vehicle demand.
Constant increase in the number of water and wastewater management projects is projected to stoke the demand for rubber diaphragm during the forecast period.
Global Rubber Diaphragm Market: Forecast by Product and Application
In relation to type of product, the global rubber diaphragm market sees a classification into convoluted, dish shaped, rolling, and flat diaphragms.
On the basis of application, the analysts classify the global rubber diaphragm market into compressors, actuators, valve industry, pump industry, cylinder diaphragm, and other segments.
The report covers all of these segments while focusing on various factors such as consumption, market share, production, revenue, price, etc.
Global Rubber Diaphragm Market: Forecast by Region
Followed by North America, the Europe market for rubber diaphragm bagged a lion’s share of more than 38.0% in 2017 on the basis of revenue. Other geographies studied in the report are RoW, Japan, China, and North America.
According to the report, Europe and the U.S. supply most of the high-end products in the global rubber diaphragm market.
Developing countries are predicted to exhibit a quicker growth rate in the global rubber diaphragm market. On the other hand, developed economies are anticipated to show decent market growth.
Global Rubber Diaphragm Market: Competitive Analysis
The market analysts have profiled prominent names of the rubber diaphragm industry such as Garlock, Trelleborg, FUJIKURA RUBBER, ContiTech, EFFBE, and Freudenberg Sealing Technologies. In 2017, Freudenberg Sealing Technologies secured an over 13.0% revenue share of the market. It is by far the largest manufacturer of rubber diaphragm.
In 2017, the top 14 players of the global rubber diaphragm market accounted for a close to 70.0% aggregate share in terms of revenue. This shows that the nature of the market is highly concentrated.
Full Report Overview@ https://www.qyresearch.com/index/detail/558336/global-rubber-diaphragm-market