Industrial Rubber Market Report and Forecast 2025-2034

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 5.00% in the forecast period of 2025-2034.

Increasing Production by Automotive Industry Bolstering the Industrial Rubber Industry Growth

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.

Industrial Rubber: Market Segmentation

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.

Based on type, the market is bifurcated into:

• Natural
• Synthetic

On the basis of processing method, the market is divided into:

• Injection Moulding
• Compression Moulding
• Extrusion
• Others

By end use, the market is categorized into:

• Building and Construction
• Automotive and Transportation
• Machinery and Equipment
• Electrical and Electronics
• Others

The regional markets for the product include:

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

Rising Demand for Different Products to Boost the Growth of Industrial Rubber Market

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.

Key Industry Players in the Global Industrial Rubber Market

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:

• Bridgestone Corporation
• LG Chem Ltd.
• Kumho Petrochemical
• Lanxess AG
• JSR Corporation
• Denka Company Limited.
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.