Rubber Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Rubber Market
The Rubber market size was valued at USD 40.77 billion in 2023, and the market is now projected to grow to USD 51.21 billion by 2032, exhibiting a CAGR of 5.3% during the forecast period of 2024-2032.
The havoc of the novel coronavirus has influenced the rubber market growth within the same way as various disturbed businesses over the globe. Silicone rubber is majorly utilized within the automotive industry for the fabricating of tires and a few components. Amid this widespread, a few nations counting China, India, Germany, Italy, Brazil, and Canada announced total lockdown. This advance driven to the shutdown of generation offices, and raw fabric transportation. This plague has extremely influenced the supply chain of various fabricating units. Since, both raw fabric supply and wrapped up merchandise dissemination are majorly influenced, causing a gigantic drop in income.
Rubber items discover applications in different businesses such as packaging, fabricating, building, and development. When combined with different polymers and chemicals, it gives strong results within the generation of items such as surgical supplies, respirators, pacemakers, and nourishing nipples. Some companies working within the market are specialized in compounding elastic agreeing to the details of clients to create novel items.
Rubber is overwhelmingly utilized as a raw fabric within the automotive end-use industry for the generation of a wide assortment of items, such as tires, poo tubes, cements, hoses, channels, gaskets, and roll covers. The expanding request for tire and non-tire car parts is anticipated to impact market development. It is assist utilized in different applications, such as footwear, mechanical merchandise, development, materials, and other shopper items. The amalgamation of elastic in footwear gives security from water, chemicals, power, affect, and moo temperatures. The rising utilization in materials and mechanical products is anticipated to act as a driving factor for the development of the market.
Comprehensive Analysis of Rubber Market
In accordance to the type analysis, the market arena for the rubber is categorized as natural and synthetic. With a wider application, the demand for the synthetic rubber is observed at a higher peak. The applications of the rubber in various commercial sectors are rationalized as industrial, non-tire automotive, tire, footwear and others. The segment namely tire is viable to create a dominance in the application segment with a wider utilization.
The territorial region of the Asia Pacific to dominate the rubber market share with a promising valuation of USD 22.09 billion in projected timeframe. Asia-Pacific is the biggest maker as well as a buyer with Thailand being the biggest creating nation of common rubber and China being the biggest customer. The Asia Pacific is anticipated to witness the most elevated development within the market across the globe. Development within the automotive and development businesses could be a key driver of the advertise in this region.
The major and most remarkable players of the product are found in Asia Pacific region driving to a divided market. The producers found in North America and Europe are pointing to extend their presence in Asia Pacific in arrange to strengthen their position within the market and to drive business development. The key players within the market have, subsequently, created solid territorial nearness, dispersion channels, and item offerings. The major players consolidated in the market are enlisted as: TSRC Corporation (China), Sri Trang Agro-Industry (Thailand), Kumho Petrochemical Co., Ltd. (South Korea), Versalis (Italy), Vietnam Rubber Group (Vietnam), Ravasco (india), Dow Chemicals (U.S.), PetroChina (China), Halcyon Agri (Singapore), Southland Holding Lonza (Thailand), Von Bundit (Thailand), Unitex Rubber (Thailand).
In July 2018, the company ARLANXEO propelled Levapren PXL, a new ethylene-vinyl acetic acid derivation elastic. The modern EVM items are characterized by especially tall thickness and simpler handling, which is required when fabricating high-quality hoses, cable sheathings and floor covers.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Billion) and Volume (Million Tons)
Segmentation Type; Application; and Geography
By Type
Natural
Synthetic
By Application
Tire
Non-Tire Automotive
Footwear
Industrial Goods
Others
By Geography
North America
By Type
By Application
By Country
U.S
Canada
Europe
By Type
By Application
By Country
Germany
UK
France
Italy
Russia
Rest of Europe
Asia Pacific
By Type
By Application
By Country
China
India
Japan
Thailand
Indonesia
Malaysia
Rest of Asia Pacific
Latin America
By Type
By Application
By Country
Brazil
Mexico
Rest of Latin America
Middle East & Africa
By Type
By Application
By Country
Saudi Arabia
UAE
Rest of Middle East & Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Insights on Regulatory Scenario
- 4.4. Porters Five Forces Analysis
- 5. Qualitative Insights – Impact of COVID-19 on Global Rubber Market
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by Government/Companies to overcome this impact
- 5.3. Potential opportunities due to COVID-19 outbreak
- 6. Global Rubber Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Volume/Value)
- 6.2.1.1. Natural Rubber
- 6.2.1.2. Synthetic Rubber
- 6.2.2. By Application (Volume/Value)
- 6.2.2.1. Tire
- 6.2.2.2. Non-Tire Automotive
- 6.2.2.3. Footwear
- 6.2.2.4. Industrial Goods
- 6.2.2.5. Others
- 6.2.3. By Region (Volume/Value)
- 6.2.3.1. North America
- 6.2.3.2. Europe
- 6.2.3.3. Asia Pacific
- 6.2.3.4. Latin America
- 6.2.3.5. Middle East & Africa
- 7. North America Rubber Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Volume/Value)
- 7.2.1.1. Natural Rubber
- 7.2.1.2. Synthetic Rubber
- 7.2.2. By Application (Volume/Value)
- 7.2.2.1. Tire
- 7.2.2.2. Non-Tire Automotive
- 7.2.2.3. Footwear
- 7.2.2.4. Industrial Goods
- 7.2.2.5. Others
- 7.2.3. By Country (Volume/Value)
- 7.2.3.1. U.S.
- 7.2.3.2. Canada
- 8. Europe Rubber Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type (Volume/Value)
- 8.2.1.1. Natural Rubber
- 8.2.1.2. Synthetic Rubber
- 8.2.2. By Application (Volume/Value)
- 8.2.2.1. Tire
- 8.2.2.2. Non-Tire Automotive
- 8.2.2.3. Footwear
- 8.2.2.4. Industrial Goods
- 8.2.2.5. Others
- 8.2.3. By Country (Volume/Value)
- 8.2.3.1. Germany
- 8.2.3.2. UK
- 8.2.3.3. France
- 8.2.3.4. Italy
- 8.2.3.5. Russia
- 8.2.3.6. Rest of Europe
- 9. Asia-Pacific Rubber Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type (Volume/Value)
- 9.2.1.1. Natural Rubber
- 9.2.1.2. Synthetic Rubber
- 9.2.2. By Application (Volume/Value)
- 9.2.2.1. Tire
- 9.2.2.2. Non-Tire Automotive
- 9.2.2.3. Footwear
- 9.2.2.4. Industrial Goods
- 9.2.2.5. Others
- 9.2.3. By Country (Volume/Value)
- 9.2.3.1. China
- 9.2.3.2. India
- 9.2.3.3. Japan
- 9.2.3.4. Thailand
- 9.2.3.5. Indonesia
- 9.2.3.6. Malaysia
- 9.2.3.7. Rest of Asia Pacific
- 10. Latin America Rubber Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type (Volume/Value)
- 10.2.1.1. Natural Rubber
- 10.2.1.2. Synthetic Rubber
- 10.2.2. By Application (Volume/Value)
- 10.2.2.1. Tire
- 10.2.2.2. Non-Tire Automotive
- 10.2.2.3. Footwear
- 10.2.2.4. Industrial Goods
- 10.2.2.5. Others
- 10.2.3. By Country (Volume/Value)
- 10.2.3.1. Brazil
- 10.2.3.2. Mexico
- 10.2.3.3. Rest of Latin America
- 11. Middle East & Africa Rubber Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Size Estimates and Forecast
- 11.2.1. By Type (Volume/Value)
- 11.2.1.1. Natural Rubber
- 11.2.1.2. Synthetic Rubber
- 11.2.2. By Application (Volume/Value)
- 11.2.2.1. Tire
- 11.2.2.2. Non-Tire Automotive
- 11.2.2.3. Footwear
- 11.2.2.4. Industrial Goods
- 11.2.2.5. Others
- 11.2.3. By Country (Volume/Value)
- 11.2.3.1. Saudi Arabia
- 11.2.3.2. UAE
- 11.2.3.3. Rest of Middle East & Africa
- 12. Competitive Analysis
- 12.1. Company Market Share Analysis, By Key Players, 2019
- 12.2. Company Profile (Overview, Applications & Services, Recent Developments, Strategies, Financials (based on availability)
- 12.2.1. ARLANXEO
- 12.2.1.1. Overview,
- 12.2.1.2. Technologies & Services,
- 12.2.1.3. Recent Developments,
- 12.2.1.4. Strategies,
- 12.2.1.5. Financials (based on availability)
- 12.2.2. Kumho Petrochemical Co., Ltd.
- 12.2.2.1. Overview,
- 12.2.2.2. Technologies & Services,
- 12.2.2.3. Recent Developments,
- 12.2.2.4. Strategies,
- 12.2.2.5. Financials (based on availability)
- 12.2.3. PetroChina
- 12.2.3.1. Overview,
- 12.2.3.2. Technologies & Services,
- 12.2.3.3. Recent Developments,
- 12.2.3.4. Strategies,
- 12.2.3.5. Financials (based on availability)
- 12.2.4. TSRC Corporation
- 12.2.4.1. Overview,
- 12.2.4.2. Technologies & Services,
- 12.2.4.3. Recent Developments,
- 12.2.4.4. Strategies,
- 12.2.4.5. Financials (based on availability)
- 12.2.5. LG Chem
- 12.2.5.1. Overview,
- 12.2.5.2. Technologies & Services,
- 12.2.5.3. Recent Developments,
- 12.2.5.4. Strategies,
- 12.2.5.5. Financials (based on availability)
- 12.2.6. Versalis
- 12.2.6.1. Overview,
- 12.2.6.2. Technologies & Services,
- 12.2.6.3. Recent Developments,
- 12.2.6.4. Strategies,
- 12.2.6.5. Financials (based on availability)
- 12.2.7. Dow Chemicals
- 12.2.7.1. Overview,
- 12.2.7.2. Technologies & Services,
- 12.2.7.3. Recent Developments,
- 12.2.7.4. Strategies,
- 12.2.7.5. Financials (based on availability)
- 12.2.8. Von Bundit
- 12.2.8.1. Overview,
- 12.2.8.2. Technologies & Services,
- 12.2.8.3. Recent Developments,
- 12.2.8.4. Strategies,
- 12.2.8.5. Financials (based on availability)
- 12.2.9. Sri Trang Agro-Industry
- 12.2.9.1. Overview,
- 12.2.9.2. Technologies & Services,
- 12.2.9.3. Recent Developments,
- 12.2.9.4. Strategies,
- 12.2.9.5. Financials (based on availability)
- 12.2.10. Southland Holding Lonza
- 12.2.10.1. Overview,
- 12.2.10.2. Technologies & Services,
- 12.2.10.3. Recent Developments,
- 12.2.10.4. Strategies,
- 12.2.10.5. Financials (based on availability)
- 12.2.11. Vietnam Rubber Group
- 12.2.11.1. Overview,
- 12.2.11.2. Technologies & Services,
- 12.2.11.3. Recent Developments,
- 12.2.11.4. Strategies,
- 12.2.11.5. Financials (based on availability)
- 12.2.12. Tradewinds Plantation Berhad
- 12.2.12.1. Overview,
- 12.2.12.2. Technologies & Services,
- 12.2.12.3. Recent Developments,
- 12.2.12.4. Strategies,
- 12.2.12.5. Financials (based on availability)
- 12.2.13. Tong Thai Rubber Group
- 12.2.13.1. Overview,
- 12.2.13.2. Technologies & Services,
- 12.2.13.3. Recent Developments,
- 12.2.13.4. Strategies,
- 12.2.13.5. Financials (based on availability)
- 12.2.14. Ravasco
- 12.2.14.1. Overview,
- 12.2.14.2. Technologies & Services,
- 12.2.14.3. Recent Developments,
- 12.2.14.4. Strategies,
- 12.2.14.5. Financials (based on availability)
- 12.2.15. Halcyon Agri
- 12.2.15.1. Overview,
- 12.2.15.2. Technologies & Services,
- 12.2.15.3. Recent Developments,
- 12.2.15.4. Strategies,
- 12.2.15.5. Financials (based on availability)
- 12.2.16. Unitex Rubber
- 12.2.16.1. Overview,
- 12.2.16.2. Technologies & Services,
- 12.2.16.3. Recent Developments,
- 12.2.16.4. Strategies,
- 12.2.16.5. Financials (based on availability)
- 13. Strategic Recommendations
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