Industrial Rubber Market

Industrial Rubber Market Outlook - 2026

The global industrial rubber market size was valued at $29.8 billion in 2018 and is projected to reach $44.6 billion by 2026, growing at a CAGR of 5.2% from 2019 to 2026. Industrial rubber market is a natural polymer of Isoprene founded in the latex sap of various plants. Rubber is basically a hydrocarbon polymer, which is found naturally in sap of several plants and can also be made synthetically. Rubber, which is produced artificially, is called synthetic rubber, whereas the one derived from sap of plants is called natural rubber.

Industrial rubbers market are used in rubber molded products in industrial and household applications. One of the largest consumers of rubber are tires and tubes. Other applications of rubber are matting, flooring, hoses, belts, and others. In addition, rubber is utilized as adhesive in several products and industrial applications. 

The automotive industry has observed a robust growth in the last decade, mostly in countries such as China, the U.S., Japan, India, Germany, and the UK. Electric vehicle sales are expected to increase. In addition, decrease in prices of electric vehicle parts such as battery, transmission, and alternators propel the sale of electric vehicles. The demand for industrial rubber market is expected to increase owing to the growth in the automotive sector. Rubber is used increasingly for making tires as well as component of automobile. Hence, with the growing vehicle sales, the demand for industrial rubber is expected to increase which further boosts the growth of the global industrial rubber market.

The global industrial rubber market is segmented into type, end-use industry and region. On the basis of type, the market is segmented into natural and synthetic rubber. The natural rubber industry is developing due to well-targeted research and development. These research and development activities are conducted by fields like agronomic science, physics, chemistry, and automotive sector to support and expand uses of natural rubber. Natural rubber latex is utilized in catheters, adhesives, balloons, elastic thread, as well as in adhesives.

It is also used in the automotive industry for tires and other components of vehicles, such as bikes, cars, and trucks. The growing use of natural rubber by automotive, chemical, medical, and other industries drive the growth of the market.  As compared to natural rubber, synthetic rubber offers more abrasion resistance. Due to this advantage, synthetic rubber is increasingly used in rubber gaskets and seals. Synthetic rubber is best suited for extreme temperatures as it offers good heat resistance and heat-aging qualities. However, synthetic rubber is not recommended in applications that require ozone, greases, strong acids, oils, fats, and hydrocarbons.

The natural rubber industry is also developing due to well-targeted R&D. These activities are conducted by fields like agronomic science, physics, chemistry, and automotive sector to support and expand uses of natural rubber. Natural rubber latex is utilized in catheters, adhesives, balloons, elastic thread, as well as in adhesives. It is also used in tires and other components of bikes, cars, and trucks in the automotive industry. The rise in use of natural rubber by automotive, chemical, medical and other industries drive the growth of the market.  

By end-use industry, the market is classified into automotive, construction, manufacturing, electrical & electronics, and others. Automotive industry holds major share in the global industrial rubber market and is expected to continue its dominance during the forecast period. Geographically, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. 

The rubber industry is one of the key sectors of the Asia-Pacific economy. The economies like China, India, and Japan are contributing significantly toward the growth of the market. India is considered to be fourth largest producer of natural rubber. The rubber industry of India has been evolved considerably to tailor the increase in needs of the domestic market. Currently, the country has been changing itself into a major rubber product exporter. All these factors are expected to offer growth opportunity to the industrial rubber market. 

The key players involved in the global industrial rubber market are Sinopec Corporation, LG Chem Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., Bridgestone Corporation, Lotte Chemical Corporation, Arkema S.A., Braskem S.A., Celanese Corporation, and United Rubber Industries India private Limited. Among these Sinopec Corporation, LG Chem Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd., Bridgestone Corporation are the key players and are contributing significantly in the industrial rubber market share. The market dominance of these companies is characterized by their vast product portfolio of industrial rubber products, and high investment in R&D activities for rubber, revenue, capital expenditure, employee strength, and geographical presence of companies.

In an instance, Bridgestone Corporation manufactures tires & rubber products and chemical & industrial products. It provides tires, tire tubes, and tubeless passenger & commercial tires for buses, trucks, cars, mining vehicles, and motorcycles. It also offers automotive maintenance and repair services & other tire-related products and sporting goods such as golf balls, golf clubs, bicycles, and other bicycle goods, as well as finance & other services.

Key Benefits for Stakeholders

• Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• It outlines the current Industrial rubber market trends and future scenario of the Industrial rubber market size from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
• Major countries in the region have been mapped according to their individual revenue contribution in the industrial rubber market analysis at the regional and country-level market.
• The key drivers, restraints, and industrial rubber market opportunities and their detailed impact analyses are elucidated in the study.
• The profiles of key players along with their key strategic developments in the industrial rubber market growth are enlisted in the report.

 Industrial Rubber Market Report Highlights