PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1749729
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1749729
The global industrial rubber market is projected to grow from USD 11.48 billion in 2025 to USD 14.90 billion by 2030, at a CAGR of 5.4% during the forecast period. The industrial rubber market is experiencing steady growth globally, driven by rising demand across key end-use sectors such as automotive, construction, healthcare, and industrial manufacturing. The shift toward electric vehicles, expansion of infrastructure projects, and increasing adoption of high-performance materials in medical and industrial applications are boosting the need for both synthetic and natural rubber. Additionally, advancements in rubber processing technologies, growing emphasis on sustainability, and strategic investments in emerging economies are further contributing to the expansion of the industrial rubber market.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million) and Volume (Kiloton) |
Segments | Type, Application, End-use Product Processing, Product, and Region |
Regions covered | North America, Asia Pacific, Europe, Middle East & Africa, and South America |
"Industrial manufacturing segment to account for the second-largest market share during the forecast period."
Industrial manufacturing is expected to account for the second-largest share of the market in terms of value during the forecast period, driven by its extensive use in machinery components, conveyor belts, seals, and gaskets. The sector's demand for durable and flexible materials to withstand rigorous operational conditions has led to increased adoption of both synthetic and natural rubber. Additionally, the push toward automation and modernization in manufacturing processes has further amplified the need for high-quality rubber products, solidifying the industrial manufacturing segment's significant position in the market.
"By type, the SBR segment will account for the second-largest share during the forecast period."
The SBR segment is expected to account for the second-largest share of the industrial rubber market in terms of value during the forecast period. Its favorable properties, such as high abrasion resistance, good aging stability, and cost-effectiveness, make it a preferred material for various industrial applications, including conveyor belts, footwear, adhesives, and construction materials. SBR's versatility and performance characteristics continue to drive its demand across multiple sectors, solidifying its significant position in the industrial rubber market.
"By product, the rubber hose segment will account for the second-largest share during the forecast period."
The rubber hose segment is expected to account for the second-largest share of the industrial rubber market in terms of volume during the forecast period, driven by its versatility and essential role across diverse sectors such as oil & gas, chemicals, agriculture, and construction. Its durability, flexibility, and resistance to high pressures and temperatures make it indispensable for fluid transfer and hydraulic applications in demanding industrial environments. The increasing need for efficient and reliable fluid handling solutions in these industries continues to bolster the demand for rubber hoses, solidifying its significant position in the market.
"North America will account for the second-largest share during the forecast period."
The North American region is expected to account for the second-largest share of the industrial rubber market in terms of value during the forecast period, driven by its robust automotive, construction, and manufacturing sectors. The region's well-established infrastructure and technological advancements contribute to the high demand for industrial rubber products used in various applications, including tires, seals, gaskets, and hoses.
Exxon Mobil Corporation (US), Dynasol Group (Spain), Synthos (Poland), ARLANXEO (Netherlands), and SIBUR International GmbH (Russia) are some of the major players operating in the industrial rubber market. These players have adopted expansions to increase their market share and business revenue.
The report defines, segments, and projects the industrial rubber market based on type, product, application, end-use product processing, and region. It provides detailed information regarding the major factors influencing the market's growth, such as drivers, restraints, opportunities, and challenges. It strategically profiles industrial rubber manufacturers, comprehensively analyzing their market shares and core competencies, and tracks and analyzes competitive developments, such as product launches, acquisitions, agreements, and expansions.
The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the industrial rubber market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the market's competitive landscape, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.