openPR Logo
Press release

Plastic-Rubber Composite Market Projected to Reach USD 3,638.5 Million by 2033, Growing at a CAGR of 5.3%

12-12-2024 12:44 PM CET | Chemicals & Materials

Press release from: Future Market Insights Inc

Plastic-Rubber Composite Market

Plastic-Rubber Composite Market

The global Plastic-Rubber Composite market is experiencing significant growth, driven by rising demand in the automotive, construction, and packaging industries. These composites, which combine the durability of rubber with the flexibility and strength of plastics, offer enhanced performance across various applications. As companies focus on sustainability, the use of recycled materials in these composites is expected to further propel the market.

The plastic-rubber composites market is anticipated to be worth USD 2,170.9 million in 2023. By 2033, the market is anticipated to reach USD 3,638.5 million, growing at a 5.3% CAGR over that time. These composites offer greater performance qualities when compared to single materials. These composites combine the benefits of both plastic and rubber, such as impact resistance, durability, noise reduction, and vibration dampening, to enhance the overall performance, safety, and comfort of automobiles.

Request Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-17742

The Organization for Economic Co-operation and Development (OECD) estimates that in 2022, passenger automobile sales in the UK will rise by 13.9%. In order to meet the rising demand, manufacturers are increasing their manufacturing capabilities by doubling and adding lightweight technology.

Compared to conventional materials, plastic-rubber composites offer more design and flexibility. Manufacturers focus on creating unique and aerodynamic designs which can be molded into intricate shapes and integrated with other parts. This adaptability makes it possible to create vehicles with interiors and exteriors that are both sleek and aesthetically pleasing.

In order to increase fuel efficiency and meet strict emission requirements, manufacturers are putting more and more effort into making their vehicles lighter. These composite blends provide a lightweight substitute for conventional materials like metal, assisting in total vehicle weight reduction and fuel efficiency improvement and offering cost advantages over traditional materials. They often require less energy and lower production costs during manufacturing processes like injection molding. The ability to produce complex shapes in a single operation reduces assembly costs, making plastic rubber composites an economically viable option for automobile manufacturers.

Market Growth Drivers:

1. Versatility and Cost-Efficiency: Plastic-rubber composites offer a combination of flexibility, durability, and cost-effectiveness, making them popular across industries.
2. Automotive Industry Demand: Increased adoption in automotive parts due to their lightweight, impact-resistant properties, contributing to fuel efficiency and safety.
3. Sustainability Focus: The demand for recyclable and environmentally-friendly materials is propelling the market as consumers and manufacturers shift toward sustainable solutions.
4. Advancements in Manufacturing Technology: Innovations in production techniques, such as injection molding and extrusion, are enabling better quality and cost-effective composite production.
5. Growth in Construction and Electronics Sectors: Rising demand for durable materials in construction, electronics, and packaging industries is a key market driver.

Key Takeaways from the Plastic-Rubber Composite Market:

• Automotive & Construction are the primary drivers of market demand.
• Sustainability and recycled materials are increasingly central to industry trends.
• Technological innovations are improving the performance of plastic-rubber composites.
• Packaging applications are experiencing significant growth.
• The market is set to grow at a steady pace due to evolving consumer and industry demands.

Access the Complete Report for a Comprehensive Overview! https://www.futuremarketinsights.com/reports/plastic-rubber-composite-market

How Does the Competition Look in the Plastic-Rubber Composite Market?

The market is Consolidated, with key players vying for market share. Key players in the industry are focusing on innovative applications, such as aerospace. They are also expanding their product portfolio to include new and emerging applications, such as sealing, resistance to UV radiation, and long-term durability. This helps them to reach a wider range of customers and grow their business. Several significant participants in this industry comprise BASF SE, Dow Inc., DuPont de, Nemours, Inc, Solvay S.A., Arkema S.A., Covestro AG, Mitsui Chemicals, Inc., LG Chem Ltd., SABIC, Sumitomo Chemical Co., Ltd., LANXESS AG, Evonik Industries AG, Celanese Corporation, Toray Industries, Inc., Teijin Limited, PolyOne Corporation, LyondellBasell Industries N.V., Kraton Corporation, Trinseo S.A., Mitsubishi Chemical Holdings Corporation, among other companies.

Market participants engaging in the production of plastic-rubber composites are moving towards the use of additive manufacturing processes, particularly 3D printing. Rapid prototyping, complex geometry, and customization made possible by 3D printing open up new design opportunities and shorten the time it takes to develop new products.

Automation technologies are being invested in by manufacturers of plastic and rubber composites to lower production costs, boost productivity, and improve product quality. Sensors and wireless technology help collect important data that is utilized to increase productivity and decrease errors.

Segmentation Analysis of the Market

By Product Type:
• Thermoplastic Elastomers (TPE)
• Ethylene Propylene Diene Monomer (EPDM) Thermoplastics
• Rubber-Modified Plastics
• Over-molded or Insert-Molded Composites
• Others

By Application:
• Automotive Industry
• Consumer Goods
• Construction and Infrastructure
• Electrical and Electronics
• Healthcare and Medical Devices
• Industrial Equipment
• Others

By Region:
• North America
• Latin America
• Western Europe
• Eastern Europe
• East Asia
• South Asia and Pacific
• The Middle East and Africa

Have a Look at Related Research Reports of Chemicals & Materials

Asia Pacific Bio Composites Market: https://www.futuremarketinsights.com/reports/asia-pacific-bio-composites-market

Glass Fiber Reinforced Plastic (GFRP) Composites Market: https://www.futuremarketinsights.com/reports/global-glass-fiber-reinforced-plastic-composites-market

Soft Magnetic Composite Market: https://www.futuremarketinsights.com/reports/soft-magnetic-composites-market

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Plastic-Rubber Composite Market Projected to Reach USD 3,638.5 Million by 2033, Growing at a CAGR of 5.3% here

News-ID: 3785127 • Views:

More Releases from Future Market Insights Inc

Continuous Cardiac Monitoring Devices Market Size and Share Forecast Outlook 2025 to 2035
Continuous Cardiac Monitoring Devices Market Size and Share Forecast Outlook 202 …
The global Continuous Cardiac Monitoring Devices Market is poised for steady expansion, estimated at USD 8.8 billion in 2025 and projected to reach USD 19.2 billion by 2035, registering a compound annual growth rate (CAGR) of 8.1%. Rising cardiovascular disease prevalence, aging populations, and technological advancements in wearable and remote cardiac monitoring are driving sustained industry momentum. Dive Deeper into the Data-View the Full Report Here: https://www.futuremarketinsights.com/reports/continuous-cardiac-monitoring-devices-market Market Overview Cardiovascular diseases (CVDs)
Patisserie Packaging Market to Hit USD 11.1 Billion by 2035, Driven by E-commerce and Premiumization
Patisserie Packaging Market to Hit USD 11.1 Billion by 2035, Driven by E-commerc …
A new market analysis reveals significant growth potential for the global patisserie packaging sector, projecting its market value to surge from USD 7.1 billion in 2025 to a commanding USD 11.1 billion by 2035. This robust expansion is anticipated to register a Compound Annual Growth Rate (CAGR) of 4.6% over the forecast period, as premium bakery products, e-commerce, and a global push for sustainable solutions redefine the industry. The surge in
Smart Plant-Based Food Packaging Market Projected to Nearly Double by 2035, Driven by Green Technology
Smart Plant-Based Food Packaging Market Projected to Nearly Double by 2035, Driv …
A new market forecast highlights the explosive growth potential of the Smart Plant Based Food Packaging market, projecting a near-doubling in valuation over the next decade. According to the report, the global market, estimated at USD 291.5 billion in 2025, is anticipated to surge to USD 576.1 billion by 2035, exhibiting a robust Compound Annual Growth Rate (CAGR) of 7.1%. The surge reflects a global pivot toward sustainable logistics and packaging,
Resealable Packaging Labels Market Projected to Soar to USD 27.4 Billion by 2035, Driven by Global Demand for Convenience
Resealable Packaging Labels Market Projected to Soar to USD 27.4 Billion by 2035 …
A new comprehensive market report reveals that the global Resealable Packaging Labels Market is set for robust growth, with its value estimated to surge from USD 16.0 billion in 2025 to USD 27.4 billion by 2035. The market is projected to expand at a steady Compound Annual Growth Rate (CAGR) of 5.5% over the forecast period, reflecting a paradigm shift in consumer priorities toward product convenience, guaranteed freshness, and enhanced

All 5 Releases


More Releases for Composite

Composite Rebar Market
The "Composite Rebar Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031.  The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Composite Rebar Market, 2024-2031 Verified Market Research's most recent report, "Composite Rebar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination
Construction Composite Market: Building for the Future with Advanced Composite M …
Coherent Market Insights added the statistic report, titled "Construction Composite Market Recent Trends, In-depth Analysis, Size and Forecast 2023-2030". The Construction Composite report includes an overview of the competitive landscape, geographic segmentation, innovation, and future developments, as well as a collection of tables and data. An examination of the competitive landscape reveals information about each vendor, including company profile, total revenue (financials), market potential, global presence, revenue, market share, pricing,
Composite Resin
According to a new market research report published by Global Insight Services "Composite Resin Market" is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market. Download Sample of Report : https://www.globalinsightservices.com/request-sample/GIS20852 Composite resin
Assured Composite® Presents the Best of Composite Decking
Assured Composite® ensures customer happiness by providing high-quality wood plastic composite decking, to consumers across the United Kingdom and beyond. Leicestershire, England - UK | January 25, 2022 -- Customer satisfaction is ensured by Assured Composite®, which provides high-quality wood plastic composite decking, to customers in the United Kingdom and beyond. Because of their forward-thinking staff's attention to efficiency, quality, and customer service, customers can anticipate a hassle-free end-to-end solution at
Global Wind Turbine Composite Materials Market, Global Wind Turbine Composite Ma …
The wind turbine composite material forms an important component of wind turbine for the production of turbine rotor blade. This composite material is made up of matrix & fiber to provide physical strength and distributes loads in composite. The matrix material acts as a binder and maintains spacing of the fiber material, therefore protecting the fiber from environmental & abrasion damage. The composite material manufactured from the fortification of matrix
Global Composite Springs Market 2018-2025 MW Industries, Liteflex LLC, IFC Compo …
Market study on Global Composite Springs Market 2018 Research Report presents a professional and complete analysis of Global Composite Springs Market on the current market situation. Report provides a general overview of the Composite Springs industry 2018 including definitions, classifications, Composite Springs market analysis, a wide range of applications and Composite Springs industry chain structure. The 2018's report on Composite Springs industry offers the global Composite Springs development history,