Surge in Demand for Automobiles directly influencing the Rubber Diaphragm Market Growth

Rubber Diaphragm market expected to grow at a CAGR of 4.2% from 2018 to 2026 and reach US$ 11.42 Bn in 2026. A diaphragm is defined as a flexible barrier that spans the gap between a moving and stationary units/members. The basic function of diaphragm is to prevent fluid interchange between two separated chambers. Rubber diaphragms are manufactured from a variety of rubber sheets and can function in wide range of operating temperature and conditions. One of the major benefit of rubber diaphragm is, they have an extended life even when operating under high temperature range or close to flame. One of the most prominent factors aiding the rubber diaphragm market is the increasing water and waste water management projects across various counties. Economic development in conjunction with fast-paced urbanization especially in emerging countries is impelling the need for efficient water management solutions, a factor complimenting the rubber diaphragm market growth. Moreover, resurgence of the global manufacturing sector is another prominent factor stimulating the need for water and water recycling, thereby influencing the rubber diaphragm market growth positively. Since 2010, the global motor vehicle production has been registering a positive Y-o-Y growth resulting into higher demand for related automotive components (including rubber diaphragms). With the consistent growth anticipated in the global automotive production, the rubber diaphragm market is estimated to continue portraying consistent growth in the following years.

Industrial Applications to Remain an Important Demand Generator for Rubber Diaphragms

In 2017, the industrial segment was the largest value contributor to the global rubber diaphragm market. The value share of the industrial segment stood at XX% of the global value in the same year. Since rubber diaphragms reduce vibration, ensure consistent force transmission, and fluid separation, they are increasingly used in industrial equipment. The rubber diaphragm market for industrial applications was valued at US$ XX Mn in 2017 and is expected to reach US$ XX Mn in 2026, expanding at a CAGR of XX% during the forecast period from 2018 to 2026. Other end-use segments including automotive and oil & gas are expected to register stronger gains during the forecast period. Strong growth in motor vehicle production, especially across North America and Asia Pacific are driving demand for rubber diaphragm in the automotive segment. For instance, according to the recent research statistics published by Credence Research, in North America, additional 600,000 passenger cars will be manufactured by the end of 2018 as compared to 2017.

Asia Pacific expected to maintain its Dominance throughout the Forecast Period

The global rubber diaphragm market was dominated by Asia Pacific accounting for more than 30% of the overall market value in 2017. The Asia Pacific market is followed by North America and Europe. Increasing motor vehicle production in Asia Pacific is one of the most prominent factors aiding the rubber diaphragm market growth in the region. Highly aspirational consumers coupled with fast GDP growth have been the two most prominent growth drivers for most of the emerging markets in Asia Pacific such as; India, China, Malaysia and other developing markets in Southeast Asia. China, which is the largest motor vehicle manufacturing country in the world has witnessed a rising middle class, a factor that has complimented the Chinese auto market growth, thereby influencing the demand for rubber diaphragms positively.

In 2017, North America represented the second largest rubber diaphragm market trailing Asia Pacific. The region is presumed to hold on to its position, exhibiting steady growth throughout the forecast period from 2018 to 2026. The U.S. represents the largest rubber diaphragm market in North America and is presumed to exhibit steady growth in the coming years. The anticipated growth will be spurred by the resurgence in the industrial manufacturing sector post bleak market conditions prevalent during economic crisis and compliance with stringent industrial standards & regulations.

Key players profiled in the report include TUMEDEI Spa, RPP Corporation, DiaCom Corporation, Soham Enterprises, Trostel, Seiko Polymers, Tianjin SVKS Technology & Development Co., Ltd, Meadex, Kurwa Rubber & Valves and TechPex India Pvt. Ltd. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Rubber Diaphragm market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Rubber Diaphragm market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Rubber Diaphragm market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Rubber Diaphragm market?
• Which is the largest regional market for Rubber Diaphragm market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Rubber Diaphragm market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Rubber Diaphragm market worldwide?