Product Code: GVR-4-68040-158-3
Rubber Market Growth & Trends:
The global rubber market size is expected to reach USD 65.65 billion by 2030 and is projected to grow at a CAGR of 5.08% from 2024 to 2030, according to a new study by Grand View Research, Inc. The tire industry, a major consumer of rubber, is highly influenced by the automotive industry. The expansion of the vehicle sector across countries is expected to enhance demand for natural rubber manufacturing.
Moreover, growing demand growth is attributed to factors such as increased vehicle manufacturing, increased construction activity, high demand for footwear, and increased airplane production. Furthermore, natural rubber is a key raw material utilized in the production of a wide range of end-use items, including medical equipment, surgical gloves, vehicle tires, toys, clothes, pacifiers, industrial components, mattresses, and others.
Rubber has high elasticity, flexibility, and abrasion resistance, rendering it an ideal raw material for automobile tires, floor mats, window seals, and shock absorbers. The volume of rubber used in the automotive industry has increased due to technical improvements and rising demand for passenger automobiles.Additionally, the increasing use in textiles and industrial items is predicted to be a driving element in market expansion.
Furthermore, the rubber industry's overall growth rate depends upon high potential regions such as Asia Pacific due to a considerable rise in consumerism which is driven by economic growth, favorable credit landscape, and increased disposable income.This, in turn, steers the demand for rubber products for matting and roofing applications. An increase in construction activities, particularly in developing economies including India, China, Brazil and others, is expected to fuel the demand for rubber
Rubber Market Report Highlights:
- Asia Pacific dominated the overall market in terms of revenue over the forecast period. Rubber is in high demand in construction and manufacturing in the region due to rapid urbanization, infrastructure development, and increased industrial activity.
- Synthetic rubber dominated the application segment of the market in 2023. The rapid growth rate in aerospace, automotive, and construction, along with rising rubber demand from tire and electronic applications, will contribute to market expansion.
- Automotive dominated the car class segment in market accounting for over 70.0% in terms of revenue.Rubber is widely utilized in the automobile sector due to properties such as abrasion and temperature resistance. Rapid growth in the automotive industry, combined with increased R&D efforts, will drive up product demand.
- In May 2023, KUMHO Petrochemical Co., Ltd., Idemitsu Kosan Co., Ltd., and Sumitomo Corporation have signed a Memorandum of Understanding (MOU) to form a long-term collaboration for the development and expansion of the Asian market for sustainable polymers and chemicals. Idemitsu, will produce bio-SM using the mass balance method, and KUMHO Petrochemical Co., Ltd., will produce bio-SSBR (Solution Styrene Butadiene Rubber). Sumitomo Corporation will coordinate the collaboration and help to build the biomaterials market. The businesses intend to begin producing biopolymer in 2024.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Information Procurement
- 1.1.1. Purchased Database
- 1.1.2. GVR's Internal Database
- 1.1.3. Secondary Sources & Third-Party Perspectives
- 1.1.4. Primary Research
- 1.2. Information Analysis & Data Analysis Models
- 1.3. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Market Outlook
- 2.3. Segmental Outlook
- 2.4. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.3. Capacity Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Business Environment Analysis: Rubber Market
- 3.6.1. Industry Analysis - Porter's Five Force Analysis
- 3.6.1.1. Bargaining Power of Suppliers
- 3.6.1.2. Bargaining Power of Buyers
- 3.6.1.3. Competitive Rivalry
- 3.6.1.4. Threat of Substitutes
- 3.6.1.5. Threat of New Entrants
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political Analysis
- 3.6.2.2. Economic Analysis
- 3.6.2.3. Social Analysis
- 3.6.2.4. Capacity Analysis
- 3.6.2.5. Environment Analysis
- 3.6.2.6. Legal Analysis
- 3.7. Impact of Covid-19 on Rubber Market
- 3.8. Eastern European Geopolitical Implication Overview
Chapter 4. Rubber Market: Type Estimates & Trend Analysis
- 4.1. Definition & Scope
- 4.2. Type Movement & Market Share Analysis, 2022 & 2030
- 4.2.1. Natural
- 4.2.1.1. Rubber Market Estimates and Forecasts, in natural, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.1.1. Ribbed Smoked Sheet Type
- 4.2.1.2. Rubber Market Estimates and Forecasts, in Ribbed Smoked Sheet Type, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.1.3. Solid Block Rubber Type
- 4.2.1.4. Rubber Market Estimates and Forecasts, in Solid Block Rubber Type, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.1.5. Concentrated Latex TypeU
- 4.2.1.6. Rubber Market Estimates and Forecasts, in Concentrated Latex Type, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.1.7. Others
- 4.2.1.8. Rubber Market Estimates and Forecasts, in Others, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2. Synthetic
- 4.2.2.1. Rubber Market Estimates and Forecasts, in synthetic, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2.2. Styrene Butadiene Rubber
- 4.2.2.3. Rubber Market Estimates and Forecasts, in Styrene Butadiene Rubber, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2.4. Nitrile Rubber
- 4.2.2.5. Rubber Market Estimates and Forecasts, in Nitrile Rubber, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2.6. Polybutadiene Rubber
- 4.2.2.7. Rubber Market Estimates and Forecasts, in Polybutadiene Rubber, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2.8. Butyl Rubber
- 4.2.2.9. Rubber Market Estimates and Forecasts, in Butyl Rubber, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2.10. Others
- 4.2.2.11. Rubber Market Estimates and Forecasts, in Others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Rubber Market: End-Use Estimates & Trend Analysis
- 5.1. Definition & Scope
- 5.2. End-Use Movement & Market Share Analysis, 2022 & 2030
- 5.2.1. Automotive
- 5.2.1.1. Rubber Market Estimates and Forecasts, in automotive, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.2. Construction
- 5.2.2.1. Rubber Market Estimates and Forecasts, in construction, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3. Industrial
- 5.2.3.1. Rubber Market Estimates and Forecasts, in industrial, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.4. Healthcare
- 5.2.4.1. Rubber Market Estimates and Forecasts, in healthcare, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.5. Consumer Goods
- 5.2.5.1. Rubber Market Estimates and Forecasts, in consumer goods, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.6. Packaging
- 5.2.6.1. Rubber Market Estimates and Forecasts, in packaging, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Rubber Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement & Market Share Analysis, 2022 & 2030
- 6.2. North America
- 6.2.1. North America Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.1.1. U.S. Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.1.2. Canada Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.1.3. Mexico Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3. Europe
- 6.3.1. Europe Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.1.1. Germany Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.1.2. UK Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.1.3. France Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.1.4. Italy Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.1.5. Spain Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.1.6. The Netherlands Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.1. China Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.2. India Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.3. Japan India Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.4. South Korea Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.5. Australia Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.6. Malaysia Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.7. Singapore Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.8. Thailand Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.9. Vietnam Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Central & South America
- 6.5.1. Central & South America Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.2. Brazil Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.3. Argentina Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Middle East & Africa Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.2. Saudi Arabia Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.3. UAE Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.4. South Africa Rubber Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Participant's Overview
- 7.4. Financial Performance
- 7.5. Product Benchmarking
- 7.5.1. Sinopec
- 7.5.2. DuPont
- 7.5.3. The Dow Chemical Company
- 7.5.4. Exxon Mobil Corporation
- 7.5.5. Kumho Petrochemical Company Ltd.
- 7.5.6. The Goodyear Tire and Rubber Company
- 7.5.7. JSR Corporation
- 7.5.8. Denka Company Ltd.
- 7.5.9. Vietnam Rubber Group
- 7.5.10. Southland Holding Lonza
- 7.5.11. Asahi Kasei Corporation
- 7.6. Company Market Positioning
- 7.7. Company Market Share Analysis, 2022
- 7.8. Company Heat Map Analysis
- 7.9. Strategy Mapping
- 7.9.1. Expansion
- 7.9.2. Mergers & Acquisition
- 7.9.3. Collaborations
- 7.9.4. New Product Launches
- 7.9.5. Research & Development