The Rubber Molding Market Size was valued at USD 34.9 Billion in 2022. The Rubber Molding market industry is projected to grow from USD 36.7 Billion in 2023 to USD 55.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.30% during the forecast period (2023 - 2032). Increased demand from the automobile industries and rising activities of urbanization are the key market drivers enhancing the growth of market.
Source The Secondary Research, Primary Research, MRFR Database, and Analyst Review
Market CAGR for rubber molding is being driven by the rising demand from the automobile industries, primarily in developing economies. The rising preference for the utilization of green materials and growing industrialization throughout the globe have led to the growth of market value. The growing development and technological advancement in the automotive industry are also fueling market growth. The increasing disposable income capacity of people with the rising requirement of lightweight materials in the automotive industries is also boosting market growth.
Rubber molding is the process in which rubber is shaped into functional products in the automotive industry. Injection, compression, and transfer are the most common methods for rubber molding and are placed in the mold cavity and molded into the required shape. The growth in the adoption of lightweight products in order to substitute metal products in automobile production as it enhances durability and minimizes the cost and weight of the vehicle. One of the most versatile materials, liquid silicon, is primarily utilized in molding applications; because of its flexibility, it is suitable for lenses, gaskets, and connectors and offers very good chemical, thermal, and electrical resistance. The car manufacturers are opting for a strong, durable, and ultralight material rather than high-strength aluminum and steel to meet the higher mileage standards for lightweight cars.
The changing living standards and rising urbanization has increased the requirement for advanced automobiles, rapid industrialization, manufacturing at a faster rate, and modernization of industrial machinery. The rising demand for innovative technologies in emerging economies and stringent rules for vehicular emissions and safety are also anticipated to create opportunities for the market. The manufacturers are utilizing robots in order to simplify the process of manufacturing and make it easier for the companies, thus providing growth opportunities in the rubber molding industry. The rising demand for automotive tooling in shops providing the main automobile makers creates demand for new products; these final products are largely applicable in the aerospace industry for managing performance in the extreme pressure and temperature conditions on engines and airframes.
The rubber molded products are used for creating rubber bumpers which can eliminate wear and tear on body parts and increase the durability of vehicle components. They are produced to adapt to high-temperature areas, weathering, refrigeration seals, and oil & fuel resistance for industrial applications. The rubber-molded products have various end-use applications like, for making snorkels, earplugs, gloves, fins, and many more. Thus, driving the Rubber Molding market revenue.
The Rubber Molding market segmentation, based on type, includes Injection Molding, Transfer Molding, Compression Molding, and Others. The injection molding segment dominates the market, accounting for the largest market revenue because of the benefits provided by this molding type as automatic material feeding, application in high precision applications, closed mold injection, and a high level of repeatability. Rubber injection molding is an economical process for large volumes of medium to high-precision components and is capable of generating over-molded components with little waste of material. Further, the transfer and molding process also have various advantages, like less production cycle times than traditional compression types and high precision applications.
The Rubber Molding market segmentation, based on material, includes Ethylene Propylene Diene Monomer (EPDM), Styrene-Butadiene Rubber (SBR), Natural Rubber (NR), and Others. The ethylene propylene diene monomer (EPDM) dominates the market because of the rising demand from the automotive section, growing penetration of electric vehicles, and strict regulations of government. EPDM has unique properties like improved ozone and UV resistance, excellent weather ability, wide and low operating temperature ranges, and the capability to form into loaded compound formulations with minimum costly filters like carbon black and clay.
Figure 1 Rubber Molding Market, by Material, 2022 & 2032 (USD Billion)
Source The Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study offers market insights into North America, Europe, Asia-Pacific, and The Rest of the World. The North American Rubber Molding market area dominates the market due to the increase in investment made and different strategic initiatives taken by the market participants operating in the North American region. The region also has an increasing willingness to spend among people and increasing demand for automobiles.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil.
Figure 2 Rubber Molding Market Share By Region 2022 (Usd Billion)
Source The Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Asia-Pacific Rubber Molding Market accounts for the second-largest market revenue due to the increasing demand for automobiles, and the growing global market value has increased infrastructural growth in the region. Moreover, China’s Rubber Molding market held the largest market share, and the Indian Rubber Molding market was the rapid-growing market in the Asia-Pacific region.
Europe's Rubber Molding market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the rise in the demand for the automobile in the region and the increasing infrastructural development. Further, the German Rubber Molding market held the largest market share, and the UK Rubber Molding market was the rapid-growing market in the European region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Rubber Molding market grow even more. Market players are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Rubber Molding industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Rubber Molding industry to benefit clients and increase the market sector. In recent years, the Rubber Molding industry has offered some of the most significant advantages to the automobile industry. Major players in the Rubber Molding market, including RotaDyne Precision Engineering Private Limited, Dow Chemical Company, Vuteq USA Inc., Continental AG, Federal-Mogul Corporation, Sumimoto Riko Co. Ltd, Cooper Standard Buildings Inc., DANA holding Corporation, Freudenberg and Co, NOK Corporation, and others, are attempting to increase market demand by investing in research and development operations.
Rotadyne Precision Engineering Private Limited, established in the year 1968, is an unlisted private limited Indian non-government company. The company is a producer of roll coverings, rollers, and related products. Complementing its core business of rollers, the company has a wide research and development department that continuously brings new rubber and urethane elastomers to the market. The company also produces a large range of plastic products, inclusive of plastic rotational molding and 3D printing. The company also offers lighting, marine, and tank products to the market. The company avails of custom molding products and services and designs concept sketches and ideas, and manufactures a range of products like net floats, mooring buoys, bar floats, and other products. In 2018, RotaDyne and Jrlon Inc. decided on a mutual agreement to excel in the rubber molding industry with an aim to make sure that the rubber molding market revenue grows many folds.
Dow Chemical Company, formed in 2019, is an American multinational corporation headquartered in Michigan and operating in more than 160 countries. It is a chemical and plastics manufacturer and one of the leading providers of plastics, chemicals, synthetic fibers, and agricultural products. The company leads in providing polyethylene, silicon rubber, and ethylene oxide, having a wide range of applications in both industrial and consumer end markets. In 2018, a business unit of the DowDuPont Specialty Products Division, Dow Chemical Solutions launched its new Dow Coming QP1-5040 Self-Adhesive LSR grade and new Dow Coming QP1-33X0 Liquid Silicone Rubber (LSR) grades in the market USA.
March 2022Â KaraMD announced Pure Health Apple Cider Vinegar Gummies, a vegan gummy aimed to aid ketosis, digestion regulation, weight management, and encourage greater levels of energy.
January 2022Â Solace Nutrition, a US-based medical nutrition company, bought R-Kane Nutritionals' assets for an unknown sum. This asset acquisition enables Solace Nutrition to develop synergy between both brands, accelerate growth, and establish a position in an adjacent nutrition sector. R-Kane Nutritionals is a firm established in the United States that specializes in high-protein meal replacement products for weight loss.
February 2021Â Vuteq USA Inc., which manufactures, develops, and supplies automobile glass products, exterior plastic components, and automotive interiors, invested 60 million dollars to begin a facility in Huntsville, Alaska which deals with injection molding.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 34.9 Billion |
| Market Size 2023 | USD 36.7 Billion |
| Market Size 2032 | USD 55.5 Billion |
| Compound Annual Growth Rate (CAGR) | 5.30% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Material, 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, Japan, India, China, Australia, South Korea, and Brazil |
| Key Companies Profiled | RotaDyne Precision Engineering Private Limited, Dow Chemical Company, Vuteq USA Inc., Continental AG, Federal-Mogul Corporation, Sumimoto Riko Co. Ltd, Cooper Standard Buildings Inc., DANA holding Corporation, Freudenberg, and Co, NOK Corporation  |
| Key Market Opportunities | Rising urbanization activities in the developed and emerging economies. |
| Key Market Dynamics | Increased demand from the automobile industries. |
Frequently Asked Questions (FAQ) :
The Rubber Molding market size was valued at USD 34.9 Billion in 2022.
The global market is foreseen to grow at a CAGR of 5.30% during the forecast period, 2023-2032.
North America had the largest share of the global market
The key players in the market are RotaDyne Precision Engineering Private Limited, Dow Chemical Company, Vuteq USA Inc., Continental AG, Federal-Mogul Corporation, Sumimoto Riko Co. Ltd, Cooper Standard Buildings Inc., DANA holding Corporation, Freudenberg, and Co, and NOK Corporation.
The injection molding category dominated the market in 2022.
The Ethylene Propylene Diene Monomer (EPDM) had the largest share in the global market.
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
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