India Rubber Market Valuation to Reach USD 5.53 Million by 2033 - Expanding at a CAGR of 3.90%

According to the latest report by IMARC Group, titled "India Rubber Market Report by Type (Natural Rubber, Synthetic Rubber), Application (Tire, Non-Tire Automotive, Footwear, Industrial Goods, Others), and Region 2025-2033," the report presents a thorough review featuring the India Rubber Market growth, share, trends, and research of the industry.

Market Size & Future Growth Potential:

The India rubber market size was valued at USD 3.85 Million in 2024 and expects the market to reach USD 5.53 Million by 2033, exhibiting a growth rate (CAGR) of 3.90% during 2025-2033.

India Rubber Market Trends:

The automotive sector is seen to be the strongest driver of growth in the India rubber market. The production of tires, seals, belts, hoses, and other automotive parts uses most of the rubber. According to the Society of Indian Automobile Manufacturers (SIAM), 19,21,268 passenger vehicles, three-wheelers, two-wheelers, and quadricycles were produced during December. Increasing sales of electric vehicles are expected to increase demand for rubber molded components that insulate batteries and reduce vibrations. India is the world's largest market for electric three-wheelers with 580,000 sold and a market share of 60 percent.

Due to the increase in the development of infrastructure and urbanization, rubber products such as pipes, roofing, flooring, etc., are likely to find growth in civil construction applications. The government's National Infrastructure Pipeline, which seeks to spend USD 1.5 trillion on infrastructure development, is likely to create opportunities for rubber products in civil construction applications. In March, parliament approved the National Bank for Financing Infrastructure and Development bill, which invested USD 2.5 billion into setting up the bank and financed infrastructure projects across the country.

India produces more natural rubber particularly in Tripura and Assam which are northeastern states. Industry sources say domestic entities produced 7.89 lakh tons that increased to 8.57 lakh tons. They project that production will reach 8.82 lakh tons for it. Under Project INROAD, the government of India launched the iSPEED scheme to improve the quality of natural rubber and the rubber ecosystem of India through skilling and production.

Sustainability trends have begun to reshape an industry: In February, TRST01 partnered with the India Rubber Board to form the Indian Sustainable Natural Rubber initiative, making India a global leader in ethical, traceable, and EUDR-compliant natural rubber. In order to comply with the goals of the European Union Deforestation Regulation (EUDR) and other global accords on responsible trade, companies are responding by switching to more sustainable natural rubber, recycled rubber, and bio-degradable rubber to lower their carbon footprint, strengthened by Extended Producer Responsibility policy.

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India Rubber Market Growth and Scope:

The market for India rubber is expanding. Most industries including the automobile, manufacturing, construction and health care sectors have started recognizing the planned importance of rubber. The market is expanding due to the growth of the automobile sector. India is likely to become a leading supplier of rubber products, the Rubbercon industry experts opined. Per capita consumption of rubber is projected to grow from 1.3 kg (2.9 lb) to 2.5 kg per year, with total consumption projected to double from 1.8 million tons to 3.6 million tons.

Government programs and subsidies have encouraged rubber plantation and processing. INR 1,100 crore has been allocated by the central government for development of rubber plantations in the North East region under its North East Rubber Mission. The Automotive Tyre Manufacturers' Association has over 1.25 lakh hectares of rubber cultivation lands in the northeastern states and West Bengal. To connect productively unutilized rubber holdings with the rubber grower community and entrepreneurs interested in adopting the holdings and improve plantation productivity, the web-based INR Konnect platform was launched. 20-25% of rubber plantations in the country remain untapped.

Newer export opportunities have been created: rubber exports have increased to 4199 tons or Rs. 55.1 crore, with Sri Lanka being the largest buyer. Industry experts estimate that exports could potentially be doubled, as the non-tire segment of the industry is worth around $2 billion. Increased use of rubber in medical gloves, industrial products and consumer goods reduces dependence on the world automotive industry. This opens up new markets as well as new opportunities for the industry.

Additionally, they produced more synthetic rubber, with domestic entities growing production from 318053 tons to 333436 tons, in addition to expanding the area of rubber plantation from 757000 hectares to 889000 hectares. The tappable area of these plantations was 753,885 hectares. India is the third largest producer and fourth largest consumer of natural rubber, and the second largest consumer of all types of rubber, in the world.

Comprehensive Market Report Highlights & Segmentation Analysis:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest India rubber market Share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

Segmentation by Type:

• Synthetic Rubber
• Natural Rubber

Segmentation by Application:

• Tire
• Non-Tire Automotive
• Footwear
• Industrial Goods
• Others

Segmentation by Region:

• North India
• West and Central India
• South India
• East and Northeast India

Competitor Landscape:

The India rubber market is highly competitive, featuring the presence of both international and domestic players. The report provides a comprehensive analysis of the competitive landscape with detailed profiles of all major companies. Key competitors include:

• Apollo Tyres Limited - dominating with extensive distribution networks and sustainable rubber plantation investments
• MRF Limited - maintaining leadership in the replacement market segment
• CEAT Limited - holding significant market share with innovative product launches
• JK Tyre & Industries Limited - gaining traction with premium lineup offerings
• Bridgestone Corporation - leading in passenger car replacement segment
• Balkrishna Industries Limited - expanding presence in off-highway and premium segments
• The Yokohama Rubber Co. Ltd. - investing in manufacturing capacity expansion
• Continental AG - announcing substantial investments for plant expansion
• Michelin - operating through extensive distribution network
• The Goodyear Tyre & Rubber Company - focusing on premium passenger car segment

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Recent News and Developments:

• May 2025: A new initiative, iSPEED (INROAD Skilling and Production Efficiency Enhancement Drive) under Project INROAD was launched by the Rubber Board, aimed at promoting the quality improvement of natural rubber and the Indian natural rubber ecosystem.
• February 2025: TRST01 launched the iSNR (Indian Sustainable Natural Rubber) program, in collaboration with the India Rubber Board, for the traceable and sustainable production of natural rubber to address EUDR compliance, and positioning India to lead the ethical global natural rubber supply chain.
• More than 1.25 lakh hectares of rubber plantations have been set up in Northeast and West Bengal under the project of four major tire companies and an amount of Rs 1,100 crore has been sanctioned for two lakh hectares of rubber plantations by Automotive Tyre Manufacturers' Association.
• In January 2025, the Rubber Board launched two projects, the iSNR (Indian Sustainable Natural Rubber) and INR Konnect platform, to link-up growers of untapped rubber holdings with adopters to improve productivity, as a part of the platinum jubilee celebrations of the Rubber Act 1947.
• December 2024: In India, Natural rubber producers increased production from 7.89 lakh tons to 8.57 lakh tons. Sources in the plantation industry estimate that production will total 8.82 lakh tons in 2025.
• In September 2024, Gravita India Limited announced it acquired a waste tire recycling facility in Romania that can process 17000 MTPA through a special purpose vehicle and invested INR 40 Crore (USD 4.8 Million).
• In 2024, MRF reported the highest ever turnover of INR 27,489 crore (Rs 150,000 crore for the first time). MRF's brand value grew to $699 million, toward making it the world's third strongest tire brand.
• 2024: Yokohama Rubber announces that it will invest USD 380 million to produce more in India for electric vehicles and infrastructure because these markets have meaningful potential.
• 2024: Continental announced an INR 100 crore expansion plan at its Modipuram plant. The plan would include new products. The plan estimates a 50 to 60 percent increase in market growth.
• Apollo Tyres announced in 2023 an investment of INR 300 crore (US$36.5 million) for sustainable rubber plantations, planning to sustainably source 100% of its inputs.

Key highlights of the Report:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter's Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies

Major Advantages of the Report:

• This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

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