Global Rubber Diaphragm Market: Overview
The global rubber diaphragm market is anticipated to witness a strong growth during the forecast period 2018 – 2028, owing to various benefits associated to it. Rubber diaphragms are flexible barrier that has the capability to thwart undesirable interchange of substances between two places. These substances can be liquid, solutions, or gases. Rubber diaphragm finds its applications in various industries such as aerospace, oil & gas waste water management, water and waste water management, healthcare, and automotive industry. One of the major reason behind the soaring demand of rubber diaphragm is its long life even under the high temperature range. The rubber diaphragm even have long term when it is in close proximity to flame.
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Global Rubber Diaphragm Market: Trends and Opportunities
One of the most important factor that is helping the rubber diaphragm market is surging number of water and waste water management projects across the world. Rapid urbanization along with aggressive development particularly in the developing countries is spurring on the demand for efficient water management solutions. Rising demand of the market product is likely to be seen mainly in villages and towns, where the wastewater treatments rates are low. Rise in population along with stringent waste water treatment emissions standards is anticipated to aid the market to grow. On the other hand, recovery of the global manufacturing sector is playing an influential role in rising the demand for water and water recycling.
Another important factor that is stimulating the growth of the rubber diaphragm market is the stellar rise in vehicle production over the last decade. Rising standard of living along with increase in disposable income has been considered crucial contributors towards this stupendous growth. Every year, the production of motor vehicles increases by lakhs. This growth has a positive influence on the demand for rubber diaphragm.
Developing countries such as China and India who are witnessing a noteworthy growth in the motor vehicle production are anticipated to contribute positively to the global rubber diaphragm market.
Global Rubber Diaphragm Market: Market Potential
Recently, Trostel Ltd., one of the major players in the market was acquired by ParkOio, an international provider of outsourcing service. This strategic acquisition is considered to beneficial for Trostel Ltd., as it will help the company to expand its customer base by serving quality rubber diaphragm to various parts of the world.
Global Rubber Diaphragm Market: Regional Outlook
On the basis of geography, Asia Pacific is anticipated to hold a lion’s share and is likely to continue holding its position during the forecast period. It is noted that there has been a tremendous growth in the production of vehicles in this region. This factor is considered to fuel the market. Fast GDP growth and aspirational consumers are two major factors that are helping the region to hold majority of the market share. China, which is considered as one of the major automobile manufacturers experienced an increase in middle class families, this has direct impact on the Chinese auto market, thus helping the rubber diaphragms market to grow exponentially in the region. North America holds the second position. The U.S accounts for the major contributor in the region owing to the presence of various vehicle manufacturer.
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Global Rubber Diaphragm Market: Competitive Landscape
Some of the key players in the market are RPP Corporation, Trostel, Tianjin SVKS Technology & Development Co., Ltd, Meadex, Kurwa Rubber & Valves, DiaCom Corporation, TechPex India Pvt. Ltd., and TUMUDEI Spa.
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