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South Korea Rubber Molding Market

ID: MRFR/CnM/45780-HCR
111 Pages
Chitranshi Jaiswal
October 2025

South Korea Rubber Molding Market Research Report: By Type (Injection Molding, Transfer Molding, Compression Molding, Others) and By Material (Ethylene Propylene Diene Monomer (EPDM), Styrene-Butadiene Rubber (SBR), Natural Rubber (NR), Other) - Forecast to 2035.

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South Korea Rubber Molding Market Infographic
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South Korea Rubber Molding Market Summary

As per MRFR analysis, the South Korea rubber molding market size was estimated at 1500.0 USD Million in 2024. The South Korea rubber molding market is projected to grow from 1597.5 USD Million in 2025 to 3000.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 6.5% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The South Korea rubber molding market is poised for growth driven by technological advancements and sustainability initiatives.

  • Sustainability initiatives are increasingly shaping the rubber molding market, reflecting a broader global trend towards eco-friendly practices.
  • Technological advancements are enhancing production efficiency and product quality, particularly in the automotive and electronics sectors.
  • The automotive segment remains the largest, while the medical device manufacturing segment is emerging as the fastest-growing area within the market.
  • Rising automotive production and the expansion of the electronics sector are key drivers propelling market growth in South Korea.

Market Size & Forecast

2024 Market Size 1500.0 (USD Million)
2035 Market Size 3000.0 (USD Million)
CAGR (2025 - 2035) 6.5%

Major Players

Continental AG (DE), Hutchinson SA (FR), Trelleborg AB (SE), Parker Hannifin Corporation (US), Freudenberg Group (DE), Elastomer Solutions (US), Cooper Standard Automotive Inc. (US), Kraton Corporation (US), Rhein Chemie Rheinau GmbH (DE)

South Korea Rubber Molding Market Trends

The rubber molding market in South Korea is currently experiencing a dynamic phase characterized by technological advancements and increasing demand across various sectors. The automotive industry, in particular, is a significant driver, as manufacturers seek to enhance vehicle performance and safety through the use of high-quality rubber components. Additionally, the growing emphasis on sustainability is prompting companies to explore eco-friendly materials and processes, which may reshape production practices in the near future. Furthermore, the rise of electric vehicles is likely to create new opportunities for rubber molding applications, as these vehicles require specialized components that differ from traditional models. Moreover, the construction sector is also contributing to the expansion of the rubber molding market, as infrastructure projects necessitate durable and resilient materials. The increasing urbanization in South Korea is expected to further fuel this demand, leading to innovations in rubber molding techniques. As industries continue to evolve, the market may witness a shift towards automation and smart manufacturing, enhancing efficiency and reducing costs. Overall, The rubber molding market appears poised for growth, driven by technological innovation and changing consumer preferences. This growth could lead to a more competitive landscape in the coming years.

Sustainability Initiatives

There is a noticeable trend towards sustainability within the rubber molding market. Companies are increasingly adopting eco-friendly materials and processes to meet regulatory requirements and consumer expectations. This shift not only addresses environmental concerns but also enhances brand reputation, potentially leading to increased market share.

Technological Advancements

The integration of advanced technologies, such as automation and smart manufacturing, is transforming production processes in the rubber molding market. These innovations are likely to improve efficiency, reduce waste, and enhance product quality, thereby providing a competitive edge to manufacturers.

Electric Vehicle Demand

The rising popularity of electric vehicles is creating new opportunities within the rubber molding market. As automakers develop specialized components for these vehicles, the demand for innovative rubber solutions is expected to grow, potentially reshaping the market landscape.

Market Segment Insights

By Type: Injection Molding (Largest) vs. Transfer Molding (Fastest-Growing)

In the South Korea rubber molding market, Injection Molding holds the largest market share, primarily due to its efficiency and versatility in producing complex shapes and designs. This segment is heavily utilized in various industries including automotive, electronics, and consumer goods, contributing to its dominance in the market. In contrast, Transfer Molding, while smaller in overall share, has emerged as the fastest-growing segment, driven by increasing demand for customized rubber products and innovations in molding techniques. The growth trends in this segment are significantly influenced by advancements in technology, leading to improved processes and materials. There is a rising interest in eco-friendly and sustainable molding practices, propelling both Injection and Transfer Molding segments. The emphasis on high-performance rubber components in industries such as healthcare and automotive also enhances the appeal of these shaping techniques, supporting their expansion in the market.

Injection Molding (Dominant) vs. Transfer Molding (Emerging)

Injection Molding is recognized as the dominant method in the South Korea rubber molding market due to its ability to produce high-volume components with precise tolerances. This technique allows for rapid production cycles and is favored for its cost-effectiveness in mass production. In contrast, Transfer Molding is emerging as a viable alternative, especially for applications requiring intricate designs and detailed features. It is gaining traction among manufacturers focusing on small to medium production runs, particularly where quality and customization are paramount. The flexibility and adaptability of both methods cater to a wide range of industry needs, from automotive to medical devices, making them critical players in meeting market demands.

By Material: EPDM (Largest) vs. SBR (Fastest-Growing)

In the South Korea rubber molding market, the material segment is dominated by Ethylene Propylene Diene Monomer (EPDM), which holds a significant market share due to its superior properties such as weather resistance and durability. Styrene-Butadiene Rubber (SBR) follows as a close competitor, favored for its performance in various applications and cost-effectiveness, while Natural Rubber (NR) and Others collectively represent a smaller fraction of the market share. The growth trends for the material segment are primarily driven by the rising demand for automotive and industrial applications. EPDM's versatility ensures its key position, while SBR is experiencing faster growth owing to innovations and increased adaptability in manufacturing processes. The environmental regulations also stimulate interest in sustainable materials, contributing to the overall expansion of this segment.

EPDM (Dominant) vs. SBR (Emerging)

Ethylene Propylene Diene Monomer (EPDM) is recognized as the dominant material in the South Korea rubber molding market, renowned for its exceptional resistance to extreme weather conditions, UV exposure, and aging. This makes it highly suitable for automotive seals, roofing membranes, and industrial applications. On the other hand, Styrene-Butadiene Rubber (SBR) is emerging, characterized by its excellent balance of cost and performance, making it ideal for tire manufacturing and mechanical goods. As manufacturing techniques evolve, SBR is becoming more prevalent in innovative applications, while EPDM maintains its strong base due to its reliability and established market presence.

Get more detailed insights about South Korea Rubber Molding Market

Key Players and Competitive Insights

The rubber molding market in South Korea is characterized by a competitive landscape that is increasingly shaped by innovation, sustainability, and strategic partnerships. Key players such as Continental AG (DE), Hutchinson SA (FR), and Trelleborg AB (SE) are actively pursuing strategies that emphasize technological advancement and regional expansion. For instance, these companies are focusing on enhancing their product offerings through research and development, which appears to be a critical driver of growth in this sector. The collective efforts of these firms to innovate and optimize their operations contribute to a dynamic competitive environment, where agility and responsiveness to market demands are paramount.

In terms of business tactics, localizing manufacturing and optimizing supply chains are prevalent strategies among leading firms. The market structure is moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for a diverse range of products and services, catering to different customer needs. The presence of multiple competitors fosters a competitive atmosphere, compelling companies to continuously refine their offerings and operational efficiencies.

In October 2025, Continental AG (DE) announced the launch of a new line of eco-friendly rubber products aimed at reducing environmental impact. This strategic move not only aligns with global sustainability trends but also positions the company as a leader in environmentally conscious manufacturing. The introduction of these products is likely to enhance Continental's market share and appeal to a growing segment of eco-aware consumers.

Similarly, in September 2025, Hutchinson SA (FR) expanded its production capabilities in South Korea by investing €20 million in a new facility. This expansion is indicative of Hutchinson's commitment to strengthening its presence in the region and meeting the increasing demand for high-performance rubber components. The investment is expected to bolster local employment and enhance supply chain efficiencies, thereby reinforcing Hutchinson's competitive position.

Moreover, in August 2025, Trelleborg AB (SE) entered into a strategic partnership with a local technology firm to develop advanced rubber molding solutions utilizing AI and automation. This collaboration is poised to enhance Trelleborg's product development processes and improve operational efficiencies. By integrating cutting-edge technology, Trelleborg aims to differentiate itself in a crowded market, potentially leading to increased customer loyalty and market penetration.

As of November 2025, the competitive trends in the rubber molding market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation and enhancing operational capabilities. Looking ahead, it is anticipated that competitive differentiation will evolve, with a shift from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This transition underscores the importance of adaptability and forward-thinking strategies in maintaining a competitive edge.

Key Companies in the South Korea Rubber Molding Market market include

Industry Developments

The South Korea Rubber Molding Market has been active recently with significant developments. Hankook Tire announced plans to expand its manufacturing operations, focusing on eco-friendly tire production to enhance sustainability in May 2023.

TaeKwang Industrial has reported an increase in demand for rubber products in the automotive sector, driven by the growth of electric vehicle production. In a notable merger, Nexen Tire acquired a specialized tire manufacturing firm in June 2023 to diversify its product line, backed by comprehensive reports from trusted news outlets.

Samyang Corporation and Hanil Rubber are also aligning their manufacturing processes to meet stricter environmental regulations as part of a national initiative. Additionally, LG Chem has invested in Research and Development for advanced rubber compounds, while South Korea's automotive companies, including Hyundai Motor Company and Kumho Tire, are collaborating on new technologies to enhance vehicle performance.

Over the past few years, the market valuation for several companies in the sector has seen growth, reflecting the increased focus on innovation and sustainability within the industry. The South Korean government continues to promote policies that support domestic manufacturers and encourage technological advancements in rubber molding processes.

Future Outlook

South Korea Rubber Molding Market Future Outlook

The rubber molding market is projected to grow at a 6.5% CAGR from 2024 to 2035, driven by technological advancements, increasing automotive production, and rising demand in healthcare applications.

New opportunities lie in:

  • Expansion into electric vehicle components manufacturing
  • Development of bio-based rubber materials for sustainability
  • Implementation of advanced automation in production processes

By 2035, the rubber molding market is expected to achieve robust growth and enhanced competitive positioning.

Market Segmentation

South Korea Rubber Molding Market Type Outlook

  • Injection Molding
  • Transfer Molding
  • Compression Molding
  • Others

South Korea Rubber Molding Market Material Outlook

  • Ethylene Propylene Diene Monomer (EPDM)
  • Styrene-Butadiene Rubber (SBR)
  • Natural Rubber (NR)
  • Others

Report Scope

MARKET SIZE 20241500.0(USD Million)
MARKET SIZE 20251597.5(USD Million)
MARKET SIZE 20353000.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)6.5% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["Continental AG (DE)", "Hutchinson SA (FR)", "Trelleborg AB (SE)", "Parker Hannifin Corporation (US)", "Freudenberg Group (DE)", "Elastomer Solutions (US)", "Cooper Standard Automotive Inc. (US)", "Kraton Corporation (US)", "Rhein Chemie Rheinau GmbH (DE)"]
Segments CoveredType, Material
Key Market OpportunitiesAdoption of advanced materials and automation technologies enhances efficiency in the rubber molding market.
Key Market DynamicsTechnological advancements drive efficiency and innovation in the rubber molding market, enhancing product quality and production speed.
Countries CoveredSouth Korea

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FAQs

What is the expected market size of the South Korea Rubber Molding Market in 2024?

The South Korea Rubber Molding Market is expected to be valued at 850.0 USD Million in 2024.

What market value is projected for the South Korea Rubber Molding Market by 2035?

By 2035, the South Korea Rubber Molding Market is projected to reach a valuation of 1250.0 USD Million.

What is the expected CAGR for the South Korea Rubber Molding Market from 2025 to 2035?

The expected CAGR for the South Korea Rubber Molding Market from 2025 to 2035 is 3.568 percent.

Which type of rubber molding holds the largest market share in 2024?

Injection Molding holds the largest market share, valued at 425.0 USD Million in 2024.

What are the projected values for Transfer Molding in 2024 and 2035?

Transfer Molding is valued at 200.0 USD Million in 2024 and is projected to reach 295.0 USD Million by 2035.

How much is Compression Molding expected to contribute in 2024?

Compression Molding is expected to contribute 175.0 USD Million to the market in 2024.

What are the primary applications driving the South Korea Rubber Molding Market?

Key applications driving the South Korea Rubber Molding Market include automotive parts, electronics, and consumer goods.

Who are the major players in the South Korea Rubber Molding Market?

Major players in the market include Hankook Tire, TaeKwang Industrial, and Samyang Corporation among others.

What growth opportunities exist in the South Korea Rubber Molding Market?

Growth opportunities include advancements in manufacturing technologies and increasing demand from automotive and industrial sectors.

What is the market value for the sub-segment 'Others' in Rubber Molding in 2024?

The sub-segment 'Others' is valued at 50.0 USD Million in 2024.

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