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    Industrial Rubber Market

    ID: MRFR/CnM/4625-HCR
    100 Pages
    Anshula Mandaokar
    October 2025

    Industrial Rubber Market Research Report Information By Type (Natural and Synthetic), By Product (Tires, Seals, and Hoses), By Product Processing (Extrusion and Calendaring), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035

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    Industrial Rubber Market Infographic
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    Industrial Rubber Market Summary

    As per Market Research Future Analysis, the Global Industrial Rubber Market was valued at USD 28.22 Billion in 2024 and is projected to grow to USD 43.54 Billion by 2035, with a CAGR of 4.02% from 2025 to 2035. The growth is driven by increased rubber usage in various industries, particularly in automotive applications, where demand for durable and reliable rubber components is rising. The market is also influenced by sustainability trends, with a focus on eco-friendly rubber products and advanced manufacturing technologies enhancing production efficiency.

    Key Market Trends & Highlights

    Key trends shaping the Industrial Rubber market include advancements in technology and sustainability initiatives.

    • The automotive sector's demand for rubber components is increasing, with a focus on durability and performance.
    • Sustainable practices are gaining traction, leading to the development of bio-based and recycled rubber materials.
    • Technological innovations in manufacturing processes are improving product quality and efficiency.
    • The Asia-Pacific region is expected to grow at the fastest CAGR from 2023 to 2032 due to industrialization and urbanization.

    Market Size & Forecast

    2024 Market Size USD 28.22 Billion
    2035 Market Size USD 43.54 Billion
    CAGR (2024-2035) 4.02%

    Major Players

    Key players include Sinopec (China), LANXESS (Germany), LG Chem (South Korea), Bridgestone Corporation (Japan), and The Goodyear Tire & Rubber Company (U.S.).

    Industrial Rubber Market Trends

    The growing adoption of rubber in the automotive industry is driving the market growth.

    Market CAGR for industrial rubber is driven by the rising adoption of rubber in automotive applications. The automotive sector demands rubber components with excellent durability, reliability, and performance to meet the stringent requirements of vehicle safety, comfort, and efficiency. Rubber is extensively used in tires, belts, hoses, seals, gaskets, and other critical automotive parts. With the increasing demand for electric and hybrid vehicles, there is a growing need for specialized rubber materials that can withstand the unique operating conditions of these vehicles, such as high torque, temperature variations, and prolonged battery life.

    Moreover, the increasing focus on light-weighting vehicles to improve fuel efficiency has led to the development of advanced rubber compounds that offer weight reduction and enhanced performance.

    Rapid technological innovations have enabled manufacturers to enhance rubber products' quality, efficiency, and customization capabilities. Advanced manufacturing processes, such as injection molding, extrusion, and compression molding, have revolutionized the production of rubber components, allowing for complex geometries, improved precision, and faster production cycles. Additionally, automation and robotics have played a vital role in optimizing production processes, reducing labor costs, and ensuring consistent product quality. Integrating digital technologies, such as artificial intelligence and machine learning, has further enhanced manufacturing capabilities by enabling predictive maintenance, real-time monitoring of production parameters, and data-driven decision-making.

    For instance, the industrial rubber market is experiencing notable trends, such as the growing demand for eco-friendly rubber products, advancements in manufacturing technologies, and the increasing adoption of rubber in automotive applications. These trends reshape the industry landscape and present new opportunities for manufacturers, driving the Industrial Rubber market revenue.

    Deesawala Rubber Industries announced the opening of their fourth manufacturing facility in Hyderabad in May 2024. The mfg unit covers an area of 40,000 sqft on a 1.50-acre piece of land, and it has various machinery and a testing lab. A fully operational unit will triple the current output from 8 tonnes to 25 tonnes per day. The Company has three manufacturing units in the city, employing 200 people.

    According to the manufacturers for the new site, recruitment will be done in phases with just two hundred employees this time, while for a full-fledged plant, five hundred staff members will be required.

    The Global Industrial Rubber Market is poised for growth, driven by increasing demand across various sectors, including automotive and construction, which underscores the material's versatility and essential role in modern manufacturing.

    U.S. Department of Commerce

    Industrial Rubber Market Drivers

    Rising Demand from Automotive Sector

    The Global Industrial Rubber Market Industry experiences a robust demand surge from the automotive sector, which is a primary consumer of rubber products. In 2024, the market is projected to reach 28.2 USD Billion, driven by the increasing production of vehicles and the growing need for durable components such as tires, seals, and gaskets. As electric vehicles gain traction, the demand for specialized rubber materials is likely to expand further. This trend indicates a significant opportunity for manufacturers to innovate and cater to the evolving requirements of the automotive industry, thereby enhancing their market presence.

    Market Segment Insights

    Industrial Rubber Type Insights

    The Industrial Rubber market segmentation, based on type, includes natural and synthetic. The synthetic segment dominated the market, producing it through various processes such as polymerization and copolymerization. Synthetic rubber offers advantages such as better resistance to heat, chemicals, and abrasion than natural rubber. The rising demand for synthetic rubber in the automotive industry and the growth of the manufacturing sector are propelling the synthetic rubber segment.

    Industrial Rubber Product Insights

    The Industrial Rubber market segmentation, based on product, includes tires, seals, and hoses. The tires category generated the most income. As vehicles on the road increase, the tire demand also rises. Moreover, introducing advanced tire technologies, such as low rolling resistance and run-flat tires, has fueled the demand.

    Industrial Rubber Product Processing Insights

    The Industrial Rubber market segmentation, based on product processing, includes extrusion and calendaring. The extrusion category generated the most income. It is commonly used to produce rubber hoses, seals, and gaskets. The advantages of extrusion include high production efficiency, consistency, and the ability to manufacture complex shapes.

    Figure 1: Industrial Rubber Market, by Product Processing, 2022 & 2032 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Get more detailed insights about Industrial Rubber Market Research Report – Forecast to 2032

    Regional Insights

    By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Industrial Rubber market area will have significant market growth due to the presence of major automotive manufacturers, its advanced manufacturing infrastructure, and the high demand for industrial rubber products. The increasing emphasis on sustainable and eco-friendly rubber products in North America is expected to drive market growth in the region.

    Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 2: INDUSTRIAL RUBBER MARKET SHARE BY REGION 2022 (USD Billion)

    INDUSTRIAL RUBBER MARKET SHARE BY REGION 2022

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Europe's Industrial Rubber market accounts for the dominating market share due to the growth of various end-use industries such as automotive, construction, and healthcare. Implementing stringent product quality and safety regulations further enhances the demand for high-performance industrial rubber products in the region. Further, the German Industrial Rubber market held the largest market share, and the UK Industrial Rubber market was the rapid-growing market in the European region.

    The Asia-Pacific Industrial Rubber Market is expected to grow at the fastest CAGR from 2023 to 2032. It is due to the significant industrialization, urbanization, and infrastructure development that drive the demand for industrial rubber products. The rising disposable income and changing patterns in the region also enhance the growth of the automotive and construction sectors, thereby driving the demand for industrial rubber products. Moreover, China’s Industrial Rubber market held the largest market share, and the Indian Industrial Rubber market was the rapid-growing market in the Asia-Pacific region.

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Industrial Rubber market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Industrial Rubber industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Industrial Rubber industry to benefit clients and increase the market sector. In recent years, the Industrial Rubber industry has offered some of the most significant advantages to medicine.

    Major players in the Industrial Rubber market, including Sinopec (China), LANXESS (Germany), LG Chemical (South Korea), Bridgestone Corporation (Japan), Kumho Petrochemical (South Korea), The Goodyear Tire & Rubber Company (U.S.), JSR Corporation (Japan), ZEON CORPORATION (Japan), Versalis S.P.A. (Italy), TSRC (Taiwan), PJSC "Nizhnekamskneftekhim" (Russia), and others, are attempting to increase market demand by investing in research and development operations.

    Kumho Petrochemical Company Ltd., founded in 1970, and located in Seoul, South Korea, is a Korean international company that manufactures synthetic rubbers, synthetic resins, specialty chemicals, energy, electronic chemicals, and advanced materials as core businesses. In June 2018, Kumho Petrochemical announced the NB Latex production capacity expansion from 400 to 550 KT per annum at its manufacturing plant in Ulsan. The spreading is expected to be completed by the first quarter of 2019.

    Cabot Corporation, founded in 1882, and located in Boston, Massachusetts, USA, is an American international company specializing in chemicals and performance materials. It operates in over 20 countries with over 30 manufacturing plants, several research & development facilities, and sales offices. In February 2023, Cabot Corporation launched its new E2C DX9660 solution designed to deliver significantly increased rubber durability through high abrasion resistance. The new product provides a 30% increase in abrasion resistance compared to a conventional compound. It expands Cabot's portfolio of E2C solutions for use in a wide range of on-road commercial tire applications and industrial rubber products.

    EVOLVE Sustainable Solutions powers Cabot Corporation’s first ever ISCC PLUS certified black masterbatch products introduced by ISCC PLUS certified black masterbatches are made from recycled carbon content according to EN ISO/IEC 17033 as well as ASTM D7856-13 standard requirements. The world does not commonly witness such an occurrence, especially among start-ups, because these firms lack the resources needed for consistency when it comes to supply lines that support recycling efforts within them.

    Great news for the recycling industry then when one of the world’s largest suppliers in the plastic industry and a major player in the rubber sector, Cabot Corporation, comes up with sustainable products that can be accepted by manufacturers. The Company announced its products – the REPLASBLAK range of circular black masterbatches, which are supplied with certified material. The firm has just brought three new items to market.

    Key Companies in the Industrial Rubber Market market include

    Industry Developments

    January 2022: Bolder Industries, a forerunner in advanced sustainable chemical manufacture derived from end-of-life tires, provides huge environmental savings to the rubber and plastics industries and their customers. In this process, 98% of the tire's components are used, and 75% of the liquids and solids are recycled into new tyres, manufactured rubber goods and plastics. A minimum of 70 new employment will be generated, with a total investment value of 100 million euros for these two new participants. The intention is to begin operations by 2024 after receiving the necessary approvals.

    September 2021: The capacity of nitrile latex at Apcotex Industries' current plants in India would grow by 60 kilotonnes annually, the company recently stated. The projects should be finished by the third quarter of 2022, the company said in a statement sent to ERJ on September 9th. The business claims that because the demand for nitrile gloves is expected to develop fast over the next years, capacity will be boosted by 30 ktpa in the upcoming phase.

    According to Apcotex, it has produced nitrile latex from its current plants for a number of years and has created a distinctive, superior product that is also reasonably priced. In addition to paper, construction, tyres, textiles, footwear, automotive components, hoses, and industrial rubber, these goods are used in many other sectors as well.

    Future Outlook

    Industrial Rubber Market Future Outlook

    The Global Industrial Rubber Market is projected to grow at 4.02% CAGR from 2025 to 2035, driven by rising demand in automotive and construction sectors, along with advancements in material technology.

    New opportunities lie in:

    • Invest in sustainable rubber production technologies to meet eco-friendly regulations.
    • Develop specialized rubber compounds for electric vehicle applications.
    • Expand into emerging markets with tailored product offerings for local industries.

    By 2035, the Global Industrial Rubber Market is expected to exhibit robust growth, reflecting evolving industry demands and innovations.

    Market Segmentation

    Industrial Rubber Type Outlook

    • Natural
    • Synthetic

    Industrial Rubber Product Outlook

    • Tires
    • Seals
    • Hoses

    Industrial Rubber Regional Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Industrial Rubber Product Processing Outlook

    • Extrusion
    • Calendering

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 USD 28.22 Billion
    Market Size 2035 43.54 (Value (USD Billion))
    Compound Annual Growth Rate (CAGR) 4.02% (2025 - 2035)
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Product, Product Processing, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Sinopec (China), LANXESS (Germany), LG Chemical (South Korea), Bridgestone Corporation (Japan), Kumho Petrochemical (South Korea), The Goodyear Tire & Rubber Company (U.S.), JSR Corporation (Japan), ZEON CORPORATION (Japan), Versalis S.P.A. (Italy), TSRC (Taiwan), PJSC Nizhnekamskneftekhim (Russia)
    Key Market Opportunities The increase in the number of tire manufacturing companies and the rise in demand for rubber by the public for private cars.
    Key Market Dynamics Increase in supply and demand for rubber in various industries such as electronics, manufacturing, etc.
    Market Size 2025 29.36 (Value (USD Billion))

    Market Highlights

    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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    FAQs

    How much is the Industrial Rubber Market?

    The Industrial Rubber Market size was valued at USD 26.98 Billion in 2023.

    What is the growth rate of the Industrial Rubber Market?

    The Industrial Rubber Market is projected to grow at a CAGR of 4.02% during the forecast period, 2024-2032.

    Which region held the largest market share in the Industrial Rubber Market?

    Europe had the largest share of the Industrial Rubber Market.

    Who are the key players in the Industrial Rubber Market?

    The key players in the Industrial Rubber Market are Sinopec (China), LANXESS (Germany), LG Chemical (South Korea), Bridgestone Corporation (Japan), Kumho Petrochemical (South Korea), The Goodyear Tire & Rubber Company (U.S.), JSR Corporation (Japan), ZEON CORPORATION (Japan), Versalis S.P.A. (Italy), TSRC (Taiwan), PJSC "Nizhnekamskneftekhim" (Russia).

    Which type led the Industrial Rubber Market?

    The synthetic category dominated the Industrial Rubber Market in 2023.

    Which product had the largest market share in the Industrial Rubber Market?

    The tires had the largest share of the Industrial Rubber Market.

    Which product processing had the largest market share in the Industrial Rubber Market?

    The extrusion category dominated the Industrial Rubber Market in 2023.

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