Automotive Industry Growth Propels Surge In Industrial Rubber Market: Key Factor Driving The Growth In The Industrial Rubber Market

The Industrial Rubber Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Industrial Rubber Market Size During the Forecast Period?
The size of the industrial rubber market has seen considerable growth in the past few years. A rise from $44.58 billion in 2024 to $47.61 billion in 2025 is predicted, with a Compound Annual Growth Rate (CAGR) of 6.8%. This growth during the historical period is due to factors such as industrial development, an increase in the automotive industry, a construction surge, advancements in materials science, and heightened safety and performance standards.

In the forthcoming years, the industrial rubber market size is predicted to witness significant expansion, aiming to reach $62.95 billion in 2029 with a compound annual growth rate (CAGR) of 7.2%. Factors such as personalization and creativity, optimization of supply chain, contribution from the healthcare and medical industry, integration with industry 4.0, and advancements in material science are driving this growth during the forecast period. The key trends of this period include compliance with regulatory norms, strategic partnerships, innovations in product, and advancements in material technologies.

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What Are the High-Growth Segments in the Industrial Rubber Market?
The industrial rubber market covered in this report is segmented -

1) By Rubber Type: Natural Industrial Rubber, Synthetic Industrial Rubber
2) By Processing Type: Injection Melding, Compression Melding, Extrusion, Others Processing
3) By Product: Mechanical Rubber Good, Rubber Hose, Rubber Belt, Rubber Roofing, Others Products
4) By Application: Automotive, Building And Construction, Industrial Manufacturing, Polymer Modification, Wire And Cable, Electrical And Electronics, Bitumen Modification, Coating, Sealant, And Adhesive, Medical And Healthcare, Others Applications

Subsegments:
1) By Natural Industrial Rubber: Ribbed Smoke Sheet (RSS), Technically Specified Rubber (TSR), Crepe Rubber, Liquid Natural Rubber
2) By Synthetic Industrial Rubber: Styrene-Butadiene Rubber (SBR), Ethylene Propylene Diene Monomer (EPDM), Neoprene, Nitrile Rubber (NBR), Butyl Rubber, Polyurethane Rubber

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What Key Drivers Are Expected to Influence Future Industrial Rubber Market Growth?
The development of the automobile sector is anticipated to bolster the progress of the industrial rubber market. The automobile sector includes industries associated with the production, wholesale, retail, and repair of motor vehicles. The economic progression and elevated living standards have reshaped purchasing power. Additionally, the economic ramifications of COVID-19 prompted a sharp rise in the global demand for personal mobility. Furthermore, global climate change concerns and efforts towards achieving net-zero emissions are encouraging the transition towards emission-less transportation. These shifts have spiked the manufacturing of electric vehicles and hybrids. This increased demand in the vehicle sector has consequently driven up the production and requirement for industrial rubber, utilized extensively in automobile interiors and exteriors. For example, the Organisation Internationale des Constructeurs d'Automobiles (OICA), a French international motor vehicle manufacturers association, reported a considerable expansion in the global automotive industry in 2022. Total vehicle production reached about 84.83 million units in 2023, a considerable rise from the 80 million units produced in 2021. This 6% annual growth highlights the industry's adaptability and capacity to recover in difficult economic times. As such, the advancement of the automotive sector will stimulate the industrial rubber market.

Which Companies Hold the Largest Share Across Different Industrial Rubber Market Segments?
Major companies operating in the industrial rubber market are LANXESS AG, Bridgestone Corporation, Taiwan Synthetic Rubber Corporation, JSR Corporation, Zeon Corporation, LG Chem Co. Ltd., Toyo Tire & Rubber Co. Ltd., The Yokohama Rubber Co. Ltd., Kumho Petrochemical Co. Ltd., Cooper-Standard Holdings Inc., The Gates Corporation, Asahi Kasei Corporation, Exxon Mobil Corporation, Continental AG, Greenville Industrial Rubber & Gasket Co. Inc., ITT Corporation, Mitsubishi Chemical Corporation, NOK Corporation, Parker Hannifin Corporation, Pirelli & C. S.p.A., PolyOne Corporation, Qingdao Huahan Machinery Co. Ltd., R.D. Abbott Company Inc., Rubberlite Inc., Saint-Gobain S.A., Shin-Etsu Chemical Co. Ltd., Sumitomo Riko Company Limited, Trelleborg AB, Trinseo S.A.

What Trends Are Driving Growth in The Industrial Rubber Market?
The industrial rubber market is seeing an increasing trend of technological developments. New and advanced products, such as those based on green and sustainable technologies, are being introduced by major players in the market to maintain their dominance. For instance, Global Rubber Industries (GRI), a tire manufacturing company based in Sri Lanka, unveiled the Green XLR Earth series of radial agricultural tires in August 2022. This innovative product series is the first in the agricultural industry to rely on sustainable technology. The tire is composed of 37.5% sustainable materials and extensively uses recycled carbon black to reduce its carbon footprint. Additionally, it incorporates soybean oil, a renewable and sustainable resource, which helps preserve the natural rubber's innate qualities, enhancing the overall performance of the tire.

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What Are the Emerging Geographies for The Industrial Rubber Market Growth?
Asia-Pacific was the largest region in the industrial rubber market share in 2024. The regions covered in the industrial rubber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Rubber Market?
2. What is the CAGR expected in the Industrial Rubber Market?
3. What Are the Key Innovations Transforming the Industrial Rubber Industry?
4. Which Region Is Leading the Industrial Rubber Market?

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