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Rubber Vulcanization Market

ID: MRFR/CnM/6422-CR
275 Pages
Chitranshi Jaiswal
May 2019

Global Rubber Vulcanization Market Research Report Information By Type {[Vulcanizing Agent (Sulfur, Tellurium, Selenium, Metallic Oxides), By Accelerators (Dithiocarbamate, Dithiophosphate, Sulfenamides, Xanthates), Activators, Others]}, Technique (Sulfur Vulcanization, Other Curing Techniques), By End-Use Industry (Automotive & Transportation, Industrial, Consumer Goods, Healthcare, others) - Forecast till 2035

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Rubber Vulcanization Market Infographic
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Rubber Vulcanization Market Summary

As per Market Research Future Analysis, the Global Rubber Vulcanization Market is projected to reach USD 3,793 billion by 2030, growing at a CAGR of 2.86%. The market is primarily driven by the increasing consumption of rubber products in the healthcare sector and the automotive and aerospace industries. However, the market faces challenges from stringent regulations and fluctuating raw material prices. The COVID-19 pandemic has had mixed effects, boosting demand in healthcare while negatively impacting other sectors. The automotive and transportation segment is expected to lead the market, supported by innovations in tire manufacturing and the growth of the oil and gas sector.

Key Market Trends & Highlights

Key trends influencing the Rubber Vulcanization Market include sector growth and regulatory challenges.

  • Automotive & transportation segment anticipated to dominate the market during the forecast period.
  • Healthcare sector's demand for rubber products is expected to drive market growth during COVID-19.
  • APAC region projected to lead the market due to high automotive demand in countries like India and China.
  • Fluctuating raw material prices are expected to hinder market growth.

Market Size & Forecast

Market Size in 2030 USD 3,793 billion
CAGR 2.86%
Major Growth Drivers Automotive and healthcare sectors

Major Players

LANXESS (Germany), BASF SE (Germany), Arkema SA (France), Eastman Chemical Company (US), Kumho Petrochemical (South Korea), Sumitomo Chemical Co., Ltd. (Japan), Duslo, a.s. (Slovakia), Shandong Stair Chemical & Technology Co., Ltd (China), Willing New Materials Technology Co., Ltd (China), King Industries, Inc (US)

Rubber Vulcanization Market Drivers

Rising Demand for Automotive Tires

The Global Rubber Vulcanization Market Industry experiences a notable surge in demand for automotive tires, driven by the increasing production of vehicles worldwide. As of 2024, the market is valued at approximately 2661.4 USD Billion, reflecting the automotive sector's pivotal role in rubber consumption. The vulcanization process enhances tire durability and performance, making it essential for manufacturers. With the automotive industry projected to grow, the demand for high-quality, vulcanized rubber tires is expected to rise, thereby propelling the overall market. This trend indicates a robust future for the Global Rubber Vulcanization Market, as tire manufacturers seek innovative solutions to meet consumer expectations.

Growth of the Construction Industry

The Global Rubber Vulcanization Market Industry is poised for growth, largely due to the expansion of the construction sector. The increasing demand for durable and resilient materials in construction applications drives the need for vulcanized rubber products, such as seals, gaskets, and flooring. As urbanization accelerates globally, the construction industry is expected to flourish, thereby enhancing the demand for rubber materials. This growth is reflected in the projected market value of 4367.3 USD Billion by 2035, indicating a sustained interest in high-performance rubber solutions. Consequently, the vulcanization process becomes crucial in meeting the rigorous demands of the construction sector.

Emerging Markets and Economic Growth

Emerging markets are playing a pivotal role in shaping the Global Rubber Vulcanization Market Industry. Countries in Asia-Pacific and Latin America are experiencing rapid economic growth, leading to increased industrialization and urbanization. This growth drives the demand for rubber products across various sectors, including automotive, construction, and consumer goods. As these economies expand, the market is expected to grow at a compound annual growth rate (CAGR) of 4.61% from 2025 to 2035. This trend indicates a robust potential for the vulcanization industry as manufacturers seek to establish a presence in these burgeoning markets, capitalizing on the rising demand for high-quality rubber products.

Technological Advancements in Rubber Processing

Technological advancements in rubber processing techniques are significantly influencing the Global Rubber Vulcanization Market Industry. Innovations such as improved mixing technologies and advanced curing methods enhance the efficiency and quality of vulcanized rubber products. These advancements not only reduce production costs but also improve the performance characteristics of rubber, making it more appealing to various industries. As manufacturers adopt these technologies, they can produce higher-quality products that meet stringent regulatory standards. This trend suggests a promising growth trajectory for the market, as companies leverage technology to gain a competitive edge and cater to evolving consumer demands.

Environmental Regulations and Sustainability Initiatives

The Global Rubber Vulcanization Market Industry is increasingly influenced by stringent environmental regulations and sustainability initiatives. Governments worldwide are implementing policies aimed at reducing carbon footprints and promoting eco-friendly materials. As a result, manufacturers are compelled to adopt sustainable practices in rubber production, including the use of recycled materials and eco-friendly vulcanization processes. This shift not only aligns with regulatory requirements but also caters to the growing consumer preference for sustainable products. Consequently, the market is likely to witness a transformation as companies innovate to meet these environmental standards, thereby enhancing their market position.

Key Companies in the Rubber Vulcanization Market market include

Industry Developments

In March 2018,

The Kumho Petrochemical Company back in the day had announced the latest collaborations with the Chinese firms' Sh and ong Chemical Company in order to increase their market production by financing the same to the most. This ensured a smooth marketing of the entire department, making sure of the production and retailing of the consumer good in a satisfactory manner.

The research partners of Laxness also had merged with small firms in the Asia Pacific countries to ensure the proper supply of the raw materials and professional assistance.

Key Players Listed in the Report

    • BASF SE (Germany)
    • Arkema SA (France)
    • Kumho Petrochemical (South Korea)
    • Sumitomo Chemical Co., Ltd. (Japan)
    • Duslo, a.s. (Slovakia)
    • Shandong Stair Chemical & Technology Co., Ltd (China)
    • Willing New Materials Technology Co., Ltd (China)
    • King Industries, Inc (US)

Future Outlook

Rubber Vulcanization Market Future Outlook

The Global Rubber Vulcanization Market is projected to grow at a 4.61% CAGR from 2024 to 2035, driven by technological advancements, increasing automotive production, and rising demand for durable rubber products.

New opportunities lie in:

  • Invest in advanced vulcanization technologies to enhance product performance and sustainability.
  • Expand into emerging markets with tailored rubber solutions for local industries.
  • Develop eco-friendly vulcanization agents to meet increasing regulatory demands and consumer preferences.

By 2035, the market is expected to exhibit robust growth, reflecting evolving industry dynamics and consumer trends.

Market Segmentation

In March 2018,

  • King Industries, Inc (US)
  • Willing New Materials Technology Co., Ltd (China)
  • Shandong Stair Chemical & Technology Co., Ltd (China)
  • Duslo, a.s. (Slovakia)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • Kumho Petrochemical (South Korea)
  • Eastman Chemical Company (US)
  • Arkema SA (France)
  • BASF SE (Germany)
  • LANXESS (Germany)

Recent Development

  • King Industries, Inc (US)
  • Willing New Materials Technology Co., Ltd (China)
  • Shandong Stair Chemical & Technology Co., Ltd (China)
  • Duslo, a.s. (Slovakia)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • Kumho Petrochemical (South Korea)
  • Eastman Chemical Company (US)
  • Arkema SA (France)
  • BASF SE (Germany)
  • LANXESS (Germany)

Segmentation Table

  • Others
  • Healthcare
  • Consumer goods
  • Automotive & transportation
  • Industrial
  • Activators
  • Accelerators
  • Vulcanizing agent
  • Other curing techniques
  • Sulfur vulcanization

Competitive Landscape

  • King Industries, Inc (US)
  • Willing New Materials Technology Co., Ltd (China)
  • Shandong Stair Chemical & Technology Co., Ltd (China)
  • Duslo, a.s. (Slovakia)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • Kumho Petrochemical (South Korea)
  • Eastman Chemical Company (US)
  • Arkema SA (France)
  • BASF SE (Germany)
  • LANXESS (Germany)

Key Players Listed in the Report

  • King Industries, Inc (US)
  • Willing New Materials Technology Co., Ltd (China)
  • Shandong Stair Chemical & Technology Co., Ltd (China)
  • Duslo, a.s. (Slovakia)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • Kumho Petrochemical (South Korea)
  • Eastman Chemical Company (US)
  • Arkema SA (France)
  • BASF SE (Germany)
  • LANXESS (Germany)

Global Rubber Vulcanization Market, By Type

  • Activators
  • Accelerators
  • Vulcanizing agent
  • Other curing techniques
  • Sulfur vulcanization

Global Rubber Vulcanization Market, By Technique

  • Other curing techniques
  • Sulfur vulcanization

Global Rubber Vulcanization Market, By Application

  • Others
  • Healthcare
  • Consumer goods
  • Automotive & transportation
  • Industrial
  • Activators
  • Accelerators
  • Vulcanizing agent
  • Other curing techniques
  • Sulfur vulcanization

Report Scope

Report Attribute/Metric Details
  Market Size 2030: USD 3,793 billion
  CAGR   2.86% (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Accelerators, Technique, End-Use Industry and Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   LANXESS (Germany),BASF SE (Germany),Arkema SA (France),Eastman Chemical Company (US),Kumho Petrochemical (South Korea), Sumitomo Chemical Co., Ltd. (Japan),Duslo, a.s. (Slovakia),Shandong Stair Chemical & Technology Co., Ltd (China),Willing New Materials Technology Co., Ltd (China),King Industries, Inc (US)
  Key Market Opportunities   Innovation of New Tires to Provide Significant Opportunity for Market Expansion
  Key Market Drivers   Growing Demand of Rubber from the Manufacturing Sector to Boost the Market Growth

Market Highlights

Author
Chitranshi Jaiswal
Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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