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The market for industrial rubber is being driven by increasing demand by the automotive industry as well as rising investments by emerging economies. The market is further expected to grow at a CAGR of 5% in the forecast period of 2024-2032.
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Industrial rubber possesses attributes such as abrasion resistance, temperature sustainability, high tear strength, etc. and is highly desirable in the automotive industry. The high-level production of products such as tyres, pads, bushings, mats, etc., is witnessing high level of adoption of industrial rubber, thus significantly boosting the market growth of industrial rubber. A segment among industrial rubber, synthetic rubber is rising in popularity in the automotive industry due to its high performance, stiffness, and low noise levels, etc., and is steadily aiding the growth of the industrial rubber industry. The growing automotive sales in the Asia Pacific region is expected to significantly support the market growth for industrial rubber during the forecast period.
Rubber is a tough elastic polymeric substance made from the latex of a tropical plant or synthetically. Due to numerous industrial applications such as mining, transportation, power generation etc. industrial rubber is witnessing a rise in demand. Rubber products are used in a diverse range of applications due to which they need to meet a spectrum of properties such as abrasion resistance, fluid resistance, conductivity, temperature resistance, and dynamic properties, among others. Many different polymers are used in the production of industrial rubber to enhance its performance as its used for industrial, residential and commercial purposes.
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Based on type, the market is bifurcated into:
On the basis of processing method, the market is divided into:
By end use, the market is categorized into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The range of rubber products is huge, and so are its applications in various industries, such as transportation, manufacturing, and construction, among others. Automotive tyres, conveyor belts, hoses, wires etc. are a few of the major products, and high demand for these products is witnessing a massive rise in the growth rate of the industrial rubber industry. Moreover, emerging economies urbanizing their cities are a major aid to the market growth due to the rising construction of airports, metros and other modern infrastructures is predicted to have increasing demand for industrial rubber, consequently boosting the market growth for the product. The use of rubber products in healthcare such as gloves is also witnessing a rise in demand during the forecast period.
The report gives a detailed analysis of the following key players in the global industrial rubber market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Processing Method |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global industrial rubber market is projected to grow at a CAGR of 5% between 2021 and 2026.
The major drivers of the market include the increasing demand by the automotive industry, growing urbanisation, rapid industrialisation, and a growing demand from the healthcare industry.
Rising investments by emerging economies is the key industry trend propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of industrial rubber in the industry are natural and synthetic.
The major processing methods of industrial rubber in the market are injection moulding, compression moulding, and extrusion, among others.
The significant end use sectors of industrial rubber in the industry are building and construction, automotive and transportation, machinery and equipment, and electrical and electronics, among others.
The major players in the industry are Bridgestone Corporation, LG Chem Ltd., Kumho Petrochemical, Lanxess AG, JSR Corporation, and Denka Company Limited, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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