The global insulated industrial rubber mat market is likely to ascend at a CAGR of 4.5% over the forecast period (2021-2027) according to QuantAlign Research. The market is expected to reach USD 478.9 Million by 2027. The growth can be primarily attributed to the implementation of high standard HSE practices across various industries.

During the forecast period, demand growth for the insulating industrial rubber mats will be supported by product growth in commercial and industrial buildings. Furthermore, the product penetration, primarily in Asia Pacific’s developing regions, will open up new market opportunities in the coming years. Industry growth would be aided by the proliferation of industrialization in emerging economies, as well as the production of new products for use in the industrial sector, over the coming years.

The presence of stringent regulations pertaining to health and safety of the workers has led to rise in demand for the new products across various industries. Furthermore, Several manufacturers use recycled type of rubber in their insulation products. Such products are recycled again at the end of the work cycle and will further support market growth over the forecast timeframe.

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Insulated Industrial Rubber Mat Market Size, Demand Outlook, COVID-19 Impact, Trend Analysis by Application (High Voltage Panels, Sub-Station, LT&HT Labs, Transformer Rooms, Electric Switch Boards, Switch Gear Panels), by Voltage, by Size, by End-Use, by Region, and Industry Estimates, 2021-2027 –  “https://quantalignresearch.com/insulated-industrial-rubber-mat-market-report “

Key insights: 

• Power end user segment is likely to witness significant CAGR over the forecast period
• Open switchboards and high voltage equipments segment dominated the market in 2019, and the trend is likely to continue over the coming years
• Asia-Pacific is expected to grow at the fastest CAGR over the forecast period

Key players operating in the market include 3M, Honeywell, vardhman, Raychem RPG Private Limited, Trelleborg Group, Kent Elastomer Products, Thorne & Derrick, Duratuf Products Pvt. Ltd, Rubber-Cal, Inc. Qingdao Singreat Industry Technology Co.,Ltd, HIC Universal; among others.