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Global Rubber Market: By Type: Natural Rubber, Synthetic Rubber; By Application: Auto-Tyre Sector, Non-Tyre Automotive, Footwear, Electrical and Electronics, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Rubber Market Outlook

The global rubber market is expected to grow at a CAGR of 5.0% during the period 2023-2028. The market is expected to be driven by important uses of rubber in different industries, including aerospace, medical, defence, printing, automotives, agriculture, etc. North America, Europe and Asia are likely to be key markets.

 

Global Market Likely to be Driven by Uses in the Industry

Rubber is used in several everyday products, including rubber stamps, waterproof shoes, surfing wetsuits, swimming caps, 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, 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. 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 recognized 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 in automobile systems.

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, sport 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 specialized industrial applications.

 

Industrial Applications Expected to Drive Market Growth

The global rubber market 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. A significant percentage of natural rubber is employed 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.

 

Market Segmentation

By type, the market is segmented into:

  • Natural Rubber
  • Synthetic Rubber

By application, the market is classified into:

  • Auto-Tyre Sector 
  • Non-Tyre Automotive 
  • Footwear 
  • Electrical and Electronics
  • Others

By region, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Key Industry Players in the Market

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:

  • Arlanxeo
  • Kumho Petrochemical
  • TSRC Corporation
  • LG Chem
  • Von Bundit Co., Ltd.
  • Sri Trang Agro-Industry Plc.
  • Southland Holding Company
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Natural Rubber
  • Synthetic Rubber
Breakup by Application
  • Auto-Tyre Sector 
  • Non-Tyre Automotive 
  • Footwear 
  • Electrical and Electronics
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Price Analysis
  • Historical Price Trends
  • Forecast Price Trends
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Arlanxeo
  • Kumho Petrochemical
  • TSRC Corporation
  • LG Chem
  • Von Bundit Co., Ltd.
  • Sri Trang Agro-Industry Plc.
  • Southland Holding Company
  • Others
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 (2018-2022) 
    8.3    Global Rubber Market Forecast (2023-2028)
    8.4    Global Rubber Market by Type
        8.4.1    Natural Rubber
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Synthetic Rubber
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Rubber Market by Application
        8.5.1    Auto-Tyre Sector 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Non-Tyre Automotive 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Footwear 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Electrical and Electronics
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others    
    8.6    Global Rubber Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Rubber Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Rubber Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific  Rubber Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Rubber Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle  East and Africa Rubber Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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 (2018-2022) and Forecast (2023-2028)
    17.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
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 2028
2.    Global Rubber Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Rubber Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Rubber Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Rubber Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Rubber Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Rubber Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Rubber Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Rubber Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Rubber Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Rubber Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Rubber Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Rubber Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Rubber Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Rubber Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Rubber Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Rubber Market Forecast: Breakup by Country (USD Million), 2023-2028
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 (2018-2022) and Forecast (2023-2028)
25.    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
26.    Middle East and Africa Historical Price Trend (2018-2022) and Forecast (2023-2028)
27.    Global Rubber Market Structure.

Key Questions Answered in the Report

The global rubber market is projected to grow at a CAGR of 5.0% between 2023 and 2028.

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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