PUBLISHER: The Business Research Company | PRODUCT CODE: 1931528
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931528
Plastics and rubber products encompass substances that constitute components of semi- or synthetic solids utilized in the manufacturing of various goods. Additionally, they include elastic substances derived from the latex sap of trees, especially those in the genus Hevea and genus Ficus, which can be vulcanized and transformed into a variety of products.
The primary categories of plastics and rubber products consist of rubber products and plastic products. Plastics represent a broad class of synthetic or semi-synthetic compounds primarily composed of polymers. Due to their fluidity, plastics can be molded, stretched, or compressed into solid objects of various shapes. The sectors in which these products find application include automotive and transportation, electrical and electronics, medical, construction, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the plastics and rubber products market by increasing costs of imported raw polymers, synthetic rubber, additives, and processing machinery used across automotive, construction, and industrial applications. Manufacturing hubs in North America and Europe are most affected due to reliance on imported feedstock, while Asia-Pacific faces pricing pressure on export-oriented production. These tariffs are raising production costs and affecting supply chain stability. However, they are also encouraging domestic polymer production, regional sourcing strategies, and innovation in recycled and bio-based plastic materials.
The plastics and rubber products market research report is one of a series of new reports from The Business Research Company that provides plastics and rubber products market statistics, including plastics and rubber products industry global market size, regional shares, competitors with a plastics and rubber products market share, detailed plastics and rubber products market segments, market trends and opportunities, and any further data you may need to thrive in the plastics and rubber products industry. This plastics and rubber products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The plastics and rubber products market size has grown strongly in recent years. It will grow from $1552.46 billion in 2025 to $1642.34 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to expansion of automotive manufacturing, growth of construction activities, increasing use of plastics in consumer goods, rising demand for rubber-based industrial components, availability of cost-effective polymer materials.
The plastics and rubber products market size is expected to see strong growth in the next few years. It will grow to $2112.74 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing focus on circular plastics economy, rising demand for electric vehicle components, expansion of sustainable packaging solutions, growing investments in advanced polymer processing, increasing regulatory pressure on plastic waste reduction. Major trends in the forecast period include increasing adoption of recyclable plastic materials, rising demand for lightweight rubber components, growing use of advanced polymer blends, expansion of high-performance industrial rubber products, enhanced focus on sustainable material processing.
The growing demand for tires from the automotive industry is driving the expansion of the plastics and rubber products market. A tire is a circular component, typically coated with rubber and often reinforced, that surrounds a wheel's rim. Rubber is a critical material in automotive tires because of its ability to provide traction, absorb shocks, and support vehicle loads. For example, in February 2023, according to the US Tire Manufacturers Association (USTMA), a US-based trade association representing tire manufacturers, total tire shipments in the United States were projected to reach 334.2 million units in 2023, compared with 332.0 million units in 2022. As a result, the rising demand for tires from the automotive sector is contributing to the growth of the plastics and rubber products market.
Companies operating in the plastics and rubber products market are increasingly focusing on the development of innovative solutions, such as the E2C DX9660, to improve profitability and performance. E2C DX9660 is an engineered elastomer composite solution that delivers approximately 30% higher abrasion resistance compared to conventional compounds. For instance, in February 2023, Cabot Corporation, a US-based chemical company, introduced the E2C DX9660 product, which is designed to significantly enhance rubber durability through superior abrasion resistance. This launch expanded Cabot's portfolio of E2C solutions for a wide range of applications, including on-road commercial tires and industrial rubber products.
In January 2025, Pexco LLC, a US-based manufacturing company, acquired Wisconsin Plastic Products Inc. for an undisclosed amount. Through this acquisition, Pexco sought to expand its custom plastic extrusion capabilities and strengthen its presence in the Midwestern United States. Wisconsin Plastic Products Inc. is a US-based manufacturer specializing in custom plastic extrusions and engineered plastic components used in industries such as appliances, commercial refrigeration, lighting, and building products.
Major companies operating in the plastics and rubber products market are Exxon Mobil Corporation, BASF SE, The Dow Chemical Company, SABIC (Saudi Basic Industries Corporation), LyondellBasell Industries N.V., Continental AG, LG Chem Ltd., Mitsubishi Chemical Holdings Corporation, Bridgestone Corporation, The Michelin Group, Good Year Tire & Rubber Company, Asahi Kasei Corporation, Evonik Industries AG, Covestro AG, Toray Industries Inc., Braskem S.A., Formosa Plastics Corporation, Lotte Chemical Corporation, Solvay S.A., Amcor Limited, Berry Global Group Inc., DuPont de Nemours Inc., Arkema S.A., Eastman Chemical Company, Avery dennison, Sumitomo Rubber Group, Teijin Limited, Pirelli & C SpA, The Hankook Tire group, Trinseo S.A.
Asia-Pacific was the largest region in the plastics and rubber products market in 2025. North America was the second largest region in the plastics and rubber products market. The regions covered in the plastics and rubber products market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the plastics and rubber products market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The plastics and rubber products market consists of sales of polymer products, elastic products, and flexible products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Plastics And Rubber Products Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses plastics and rubber products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for plastics and rubber products ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The plastics and rubber products market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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