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The global rubber market size is expected to grow at a CAGR of 5.0% during the period 2024-2032. The market is expected to be driven by important uses of rubber in different industries, including aerospace, medical, defence, printing, automotive, agriculture, etc. North America, Europe and Asia are likely to be key markets.
Rubber is a versatile material known for its elasticity, waterproof properties, and resilience. It can be natural or synthetic and has a wide range of applications in various industries. Natural rubber is a polymer of isoprene, typically harvested from the latex sap of rubber trees, whereas synthetic rubber is made from petroleum byproducts through a process called polymerisation, which involves bonding together small chemical units called monomers.
Its unique properties like elasticity, durability, and resistance to water and chemicals make it an essential material in many products and processes. The most well-known use of rubber, particularly natural rubber, is in the production of automobile tires. Rubber provides the necessary grip, durability, and resilience required for tires.
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By type, the market is segmented into:
The demand for synthetic rubber in the market is substantial and is driven by various factors across multiple sectors. One of the largest consumers of synthetic rubber is tyres. Synthetic rubber offers enhanced properties like better wear resistance, lower rolling resistance, and improved performance under varying temperatures, which are crucial for tire performance.
Different types of synthetic rubber can be engineered to exhibit specific properties such as resistance to heat, chemicals, and abrasion, making them suitable for specialised applications. They are also extensively used in the production of industrial goods like conveyor belts, hoses, seals, and gaskets. The strength and resistance properties of synthetic rubber make it ideal for these applications.
By application, the market is classified into:
The auto tyre sector holds a major rubber market share. A significant portion of both natural and synthetic rubber produced globally is used for tire manufacturing. As the automotive sector grows, particularly with rising vehicle ownership in emerging economies, the demand for auto tyres, and consequently for rubber, increases.
Continuous innovation in tyre technology, such as the development of eco-friendly tyres, all-season tires, and high-performance tyres, drives the demand for different types of rubber. Innovations in rubber compounds, aimed at improving fuel efficiency, grip, and wear resistance of tyres, also influence market demand.
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By region, the market is divided into:
Global Market Likely to be Driven by Uses in the Industry Verticals
Rubber is used in several everyday products, including rubber stamps, waterproof shoes, surfing wetsuits, swimming caps, and dishwasher hoses, among many others. Rubber not only comes from natural sources but also is manufactured artificially in chemical plants. Thailand, Indonesia, Vietnam, India, China, Malaysia, the Philippines, and Guatemala are major producers of natural rubber.
Commercially significant synthetic rubbers include styrene-butadiene (SBR), polyacrylics, and polyvinyl acetate (PVA); other types include polyvinyl chloride (PVC), polychloroprene (better known as neoprene), and various types of polyurethane.
Natural rubber (also known as India or gum rubber) is extracted from the milky liquid (latex) found in the Hevea brasiliensis tree. The material’s key features include high tear and tensile strength, resilience, and resistance to abrasion, friction, extreme temperatures, and water swell. Uses include flooring and roofing, gloves, adhesives, insulation, and tyres.
Different Types of Rubber Display Distinct Properties and are Used for Diverse Purposes
Rubber comes in different types; each type displays distinct features, making it suitable for specific purposes. These properties and uses of rubber are expected to drive the global rubber market growth. Neoprene rubber (chloroprene) is one of the oldest types of synthetic rubber. As compared with natural rubber and other synthetic rubbers, it displays very low susceptibility to burning, corrosion, and degradation, making it an ideal base material for adhesives and corrosion-resistant coatings. It can maintain good mechanical properties over a wide temperature range, making it suitable for use in belts, high-pressure gaskets, and door and window seals.
Silicone rubber (polysiloxane) is recognised for its biocompatibility, malleability, and resistance to extreme temperatures, ozone, fire, and ultraviolet (UV) radiation. It is available in solid and liquid forms and in several colours. As it is chemically inert by nature, it is suitable for use where biocompatibility is warranted (such as implants, gloves, respiratory masks, and other medical products) and chemical resistance needed (for example baby care products, food containers, and cosmetic applicators).
Nitrile rubber [also called Buna-N rubber or nitrile butadiene rubber (NBR)] exhibits resistance to compression set, heat, oil and gas, and wear, making it fit for use in engine hoses, O-rings, automotive gaskets and seals, and medical products (like surgical gloves).
Ethylene propylene diene monomer (EPDM) rubber is a synthetic rubber that displays good durability, and resistance to damage and degradation from extreme temperatures and weather conditions. EPDM rubber is appropriate for use in outdoor parts and products, such as hoses, roofing sealants, seals, and automobile systems, further propelling the rubber market demand.
Styrene-butadiene rubber (SBR), a copolymer of styrene and butadiene, exhibits superior hardness and durability; it displays superior alcohol, abrasion, compression set, and water swell resistance than several other more expensive synthetic rubbers. SBR is used in seals integrated into hydraulic brake systems, and in cutting boards, gaskets, and shoe soles.
Butyl rubber (isobutylene isoprene) provides a high degree of gas impermeability. It is also very flexible and thus used in making airtight components, such as inner tubes, sports balls, and sealants. As a liquid compound, it is generally employed as an additive in diesel and petroleum fuels and chewing gums.
Fluorosilicone rubber (FVMQ) is highly resistant to extreme temperatures (-100–350 degrees Fahrenheit), transmission fluids, petroleum oils and fuels, synthetic lubricants, fire, and ozone. It is thus used in aircraft fuel systems and other highly specialised industrial applications, which boosts the fluorosilicone rubber market.
Industrial Applications Expected to Drive Market Growth
The market growth is expected to be driven by industrial applications of rubber. Natural rubber is employed in applications demanding high degrees of wear and heat resistance. Owing to its strength and compressibility, natural rubber is employed in engineering applications, like anti-vibration mounts, drive couplings, springs, bearings, rubber bands, and adhesives. One of the crucial rubber market trends is the increased implementation of natural rubber in high-performance tyres for race cars, buses, and aircraft. It is also used in hoses, automotive parts, foam mattresses, and battery boxes.
Synthetic rubber is employed in a variety of industrial applications. Most printers, including large-scale commercial printers, employ rubber-covered rollers. Rubber moulded products, some finished by utilizing die-cut services, are used in industrial and household applications. The largest consumers of rubber are tyres and tubes, followed by general rubber goods. Other significant uses of rubber include hoses, belts, matting, flooring, medical gloves and equipment, and several others.
Industries that consume rubber include aerospace, agriculture, automotive, business machine, communication, computer, construction, consumer, defence, electronics, energy, food processing, garment, gas, instrumentation, labelling, laser, medical equipment, military, music, oil, packaging, paper processing, printing feed and drive rollers, recording, semiconductor, sporting goods, ticketing equipment, transportation, etc.
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As per the rubber market analysis, the Asia Pacific accounts for a major market share. This region is not only a significant producer, particularly of natural rubber but also a substantial consumer. The Asia Pacific region is the world's largest producer of natural rubber, with countries like Thailand, Indonesia, and Vietnam leading in production. The climate in these countries is conducive to rubber tree cultivation. The production and export of natural rubber from these countries significantly influence market prices and supply.
The region's rapidly expanding automotive sector, especially in countries like China, India, Japan, and South Korea, drives a significant demand for rubber for tyre production. As the manufacturing hub of the world, Asia Pacific sees extensive use of rubber in various industries including automotive, electronics, construction, and machinery.
The region is also a key player in the production of synthetic rubber, with countries like China, Japan, and South Korea having significant manufacturing capacities. Advances in petrochemical technology and investments in synthetic rubber production facilities have bolstered the region’s position in the global market. Additionally, the region not only serves its substantial domestic demand but is also an important exporter of rubber to other parts of the world.
The report presents a detailed analysis of the following key players in the global rubber market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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 Application |
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Breakup by Region |
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Market Dynamics |
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Trade Data Analysis |
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Price Analysis |
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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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Rubber Market Analysis
8.1 Key Industry Highlights
8.2 Global Rubber Historical Market (2018-2023)
8.3 Global Rubber Market Forecast (2024-2032)
8.4 Global Rubber Market by Type
8.4.1 Natural Rubber
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Synthetic Rubber
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Rubber Market by Application
8.5.1 Auto-Tyre Sector
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Non-Tyre Automotive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Footwear
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Electrical and Electronics
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Rubber Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Rubber Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Rubber Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Rubber Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Rubber Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Rubber Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Arlanxeo
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Kumho Petrochemical
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 TSRC Corporation
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 LG Chem
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Von Bundit Co., Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Sri Trang Agro-Industry Plc.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Southland Holding Company
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Rubber Market: Key Industry Highlights, 2018 and 2032
2. Global Rubber Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Rubber Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Rubber Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Rubber Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Rubber Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Rubber Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Rubber Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Rubber Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Rubber Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Rubber Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Rubber Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Rubber Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Rubber Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Rubber Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Rubber Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Rubber Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Importing Countries by Value
19. Major Exporting Countries by Value
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. North America Historical Price Trends and Forecast (2018-2028)
23. Europe Historical Price Trends and Forecast (2018-2028)
24. Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
25. Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
26. Middle East and Africa Historical Price Trend (2018-2023) and Forecast (2024-2032)
27. Global Rubber Market Structure.
The global rubber market is projected to grow at a CAGR of 5.0% between 2024 and 2032.
The major drivers of the market include the rising construction activities, superior properties of rubber, such as abrasion resistance, high heat resistance, and the development of novel products.
The important uses of rubber in different industries such as aerospace, medical, defence, printing, automotives, and agriculture and rising tire production are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of rubber in the market are natural rubber and synthetic rubber.
The major applications of the market are auto-tyre sector, non-tyre automotive, footwear, electrical and electronics, among others.
Latex, a milky liquid found in the latex vessels (ducts) or in the cells of rubber-producing plants, is the source of natural rubber. Only 2,500 of the approximately 20,000 plant species that produce latex have been found to have rubber in their latex.
Christopher Columbus was responsible for discovering rubber after visiting Haiti in the 1490’s and watching the natives play with a bouncy ball.
The major players in the industry are Arlanxeo, Kumho Petrochemical, TSRC Corporation, LG Chem, Von Bundit Co., Ltd., Sri Trang Agro-Industry Plc., and Southland Holding Company, among others.
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