2025 Industrial Rubber Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Industrial Rubber Industry Market Size Be by 2025?
The size of the industrial rubber market has experienced considerable growth in the past few years. It's projected to increase from $44.58 billion in 2024 to $47.04 billion in 2025, with a compound annual growth rate (CAGR) of 5.5%. The growth during the historical period can be tied back to industrialization, the expansion of the automotive industry, a construction surge, advances in material science, and security and performance needs.

What's the Long-Term Growth Forecast for the Industrial Rubber Market Size Through 2029?
The market size of industrial rubber is set to experience substantial expansion in the coming years, reaching a value of $61.44 billion by 2029, with a compound annual growth rate (CAGR) of 6.9%. This projected surge during the forecast period can be linked to factors such as increased customization and innovation, improved supply chain processes, developments in the healthcare and medical sector, industry 4.0 integration, and evolving material science. Key patterns during the forecast period include compliance with regulatory standards, strategic alliances, groundbreaking product innovations and advancements in material technologies.

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What Are the Key Growth Drivers Fueling the Industrial Rubber Market Expansion?
The anticipated expansion in the auto industry is set to boost the industrial rubber market. The auto sector includes businesses engaged in the manufacturing, wholesaling, retailing, and servicing of vehicles. A higher standard of living and a growing economy have modified the buying power. Additionally, the economic fallout of the COVID-19 pandemic led to an unexpected surge in global personal mobility demand. Furthermore, concerns around climate change and the goal to reach net-zero emissions are steeding the global shift towards non-emitting transport. These changes have fuelled the manufacturing of EVs and hybrid vehicles, in turn expanding the requirement for industrial rubber, which finds diverse applications in vehicle interiors and exteriors. The Organisation Internationale des Constructeurs d'Automobiles (OICA), a France-based global association of car manufacturers, highlighted that the worldwide auto industry witnessed significant growth in 2022, with the total vehicle production escalating to 84.83 million units, marking a noteworthy increase from the 80 million units fabricated in 2021. This 6% annual growth emphasizes the sector's fortitude to recuperate in the face of economic adversities. As such, the auto industry's growth is expected to fuel the industrial rubber market.

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What Are the Key Trends Driving Industrial Rubber Market Growth?
Technological progression is becoming a prominent trend in the industrial rubber market. Firms in this market are rolling out new products and advanced technology, including eco-friendly and sustainable goods, to maintain their stance in the market. For example, in August 2022, GRI, a tire manufacturing outfit based in Sri Lanka, debuted the Green XLR Earth radial agricultural tire series. This is the first ever environmentally friendly tire series for farming, which uses sustainable technology. It's composed of 37.5% eco-conscious materials and incorporates a significant amount of recycled carbon black to lower its carbon contribution. The tires also include soybean oil - a renewable, sustainable ingredient, which helps natural rubber to preserve more of its inherent attributes, thereby boosting the overall tire performance.

How Is the Industrial Rubber Market Segmented?
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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Which Companies Are Leading the Charge in Industrial Rubber Market Innovation?
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.

Which Regions Are Leading the Global Industrial Rubber Market in Revenue?
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.

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