Engineering rubber has a wide range of applications and the market size continues to expand

Engineering rubber refers to elastomers that can be used as basic construction engineering materials. Engineering rubber has the advantages of good cold resistance, wear resistance, good electrical insulation, tear resistance, high tensile strength, and high elasticity. It is widely used in culverts, highways, bridges, subways, etc. According to different raw materials, engineering rubber can usually be divided into two categories: synthetic rubber products and natural rubber products.

Engineering rubber raw materials include synthetic rubber and natural rubber, among which synthetic rubber is widely used in the production process of engineering rubber. my country is a major producer of synthetic rubber. However, due to the impact of the COVID-19 epidemic in recent years, many manufacturers have suspended production, resulting in a decline in my country’s synthetic rubber output. According to data released by the National Bureau of Statistics, my country’s synthetic rubber output will reach 8.233 million tons in 2022, a year-on-year decrease of 5.7%. In the future, as epidemic policies are gradually relaxed, my country’s synthetic rubber output will pick up, which will lay a good foundation for the development of the engineering rubber industry.

Engineering rubber is suitable for use in culverts, highways, bridges, subways and other scenarios. Construction engineering, water conservancy projects and transportation are its main demand ends. In the field of construction engineering, engineering rubber can be used to produce building vibration isolation rubber bearings, rubber bridge bearings, bridge expansion joint sealing strips and other products; in the field of water conservancy engineering, engineering rubber can be used to produce water stop valves, rubber waterstops and other products ; The transportation field is the largest demand end for engineering rubber, accounting for nearly 70%. Rubber springs, shield segment sealing materials, etc. are its end products.

According to the “2023-2028 China Engineering Rubber Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, in recent years In recent years, with the continuous acceleration of urban infrastructure construction, my country’s engineering rubber market demand has become increasingly strong. In 2022, my country’s engineering rubber market will reach 16.93 billion yuan, a year-on-year increase of 10.6%. In the future, as the prosperity of the downstream industry continues to improve, my country’s engineering rubber market will maintain a compound annual growth rate of more than 10%, and is expected to exceed 30 billion yuan by 2028.

There are many engineering rubber manufacturers in my country, the market is dominated by small and medium-sized enterprises, and the industry concentration is low. Zhejiang Tiantie Industrial Co., Ltd., Hengshui Changtai Engineering Rubber Co., Ltd., Liuzhou Dongfang Engineering Rubber Products Co., Ltd., and Zhejiang Qinshan Rubber Engineering Co., Ltd. are major players in my country’s engineering rubber market. Tiantie Co., Ltd. focuses on the research and development, production and sales of rubber products for rail engineering. Its products are widely used in the fields of railway construction and rail transportation.

Industry analysts said that engineering rubber has a wide range of application fields and the industry has good development prospects. As urban infrastructure construction continues to accelerate, my country’s engineering rubber market demand will further grow. There are many engineering rubber manufacturers in my country. In the future, with the improvement of independent research and development capabilities and the strong market demand for high-performance engineering rubber, the concentration of my country’s engineering rubber industry will further increase.