Rubber Vulcanization Market Size, Share, Trends, Growth and Forecast 2030

Rubber Vulcanization Industry Prospective:

The global rubber vulcanization market size was evaluated at $11 billion in 2022 and is slated to hit $17 billion by the end of 2030 with a CAGR of nearly 7.9% between 2023 and 2030.

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Rubber Vulcanization Market: Overview

Rubber vulcanization is a process that is utilized to change the hardness as well as the elasticity of rubber. It is a procedure for exclusively treating natural rubber with sulfur. For the record, rubber vulcanization finds a spectrum of applications in healthcare, automotive & aerospace, and industrial goods. Vulcanization of rubber with sulfur can cause cross-linkage that can lead to alteration with mechanical as well as electrical properties of rubber. Additives such as accelerators are utilized as catalyzers in the rubber vulcanization process.  

Key Insights

• As per the analysis shared by our research analyst, the rubber vulcanization  market is projected to expand annually at the annual growth rate of around 7.9% over the forecast timespan (2023-2030)
• In terms of revenue, the global rubber vulcanization market size was evaluated at nearly $11 billion in 2022 and is expected to reach $17 billion by 2030.
• The global rubber vulcanization market is anticipated to grow rapidly over the forecast timeline owing to the escalating penetration of rubber-based products in the healthcare and medical sectors.
• In terms of type, the vulcanizing agent segment is slated to register the highest CAGR over the forecast period.
• Based on application, the automotive segment is expected to dominate the segmental growth in the upcoming years.
• Region-wise, the European rubber vulcanization industry is projected to register the fastest CAGR during the assessment timeline.

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Rubber Vulcanization Market: Growth Factors

Huge product demand for rubber products in various end-use sectors to boost the global market trends

Escalating penetration of rubber-based products in the healthcare and medical sectors will steer the growth of the rubber vulcanization market across the globe. Surging preference for rubber products in comparison to fiber and plastic products is anticipated to steer the global market trends. Moreover, the large-scale use of vulcanized rubber in the automotive and aerospace sectors will steer the growth of the market across the globe. The thriving oil & gas sector is likely to boost the global market trends. Technological innovations are anticipated to expand the scope of the global market expansion in the years ahead. An increase in the production of rubber tires owing to a rise in transportation activities will prompt the expansion of the market globally. Launching of new components will contribute majorly towards the size of the global market. For instance, in the first quarter of 2022, Shin-Etsu Chemical Company Limited, the largest chemical firm headquartered in Japan, introduced a unique liquid silicone rubber item that is safe for the vulcanization of rubber.

Rubber Vulcanization Market: Restraints

Surging rubber processing costs can restrict the expansion of the industry globally over the next eight years

An increase in the costs of rubber as well as the processing of rubber is predicted to decimate the expansion of the global rubber vulcanization industry. Strict laws regulating the vulcanization process due to growing environmental concerns caused as a result of carbon emissions during the process of vulcanization can inhibit the industry's growth globally.   

Rubber Vulcanization Market: Opportunities

Beneficial product features can open new vistas of growth for the global market over the forecast timeframe

Vulcanized rubber is stronger, more durable, and heat resistant in comparison to non-vulcanized rubber, thereby opening new growth opportunities for the global rubber vulcanization market. The rise in the use of products in consumer goods will further proliferate the size of the market globally. Humungous demand for vulcanized rubber from tire-producing and automotive manufacturing sectors will steer the growth of the global market.

Rubber Vulcanization Market: Challenges

Stringent legislation pertaining to rubber production to detriment the global industry expansion by 2030

Strict government laws related to the production process of rubber can pose a huge challenge to the global rubber vulcanization industry expansion. Apart from this, a rise in the import duties levied by the EU on the global south countries such as India, Thailand, Indonesia, and China can further drag down the expansion of the industry in the coming years.  

Rubber Vulcanization Market: Segmentation

The rubber vulcanization market is sectored into type, application, and region.                            

In type terms, the rubber vulcanization market across the globe is segregated into accelerator, activator, vulcanizing agent, and others segments. Furthermore, the vulcanizing agent segment, which acquired nearly half of the global market revenue in 2022, is predicted to accrue the highest gains over the forecast timeline. The expansion of the segment during 2023-2030 can be a result of the ability of vulcanizing agents to assist rubber in retaining elasticity along with enhancing tensile strength. In addition to this, vulcanizing agents find notable applications in the grafting, coating, and filling of rubber sheets for enhancing adhesion and bonding.

Based on the application, the global rubber vulcanization industry is sectored into automotive, consumer goods, medical, industrial, and others segments. Furthermore, the automotive segment, which acquired a major portion of the global industry revenue in 2022, is anticipated to dominate the industry growth over the forecast timeframe. The segmental expansion over 2023-2030 can be owing to a prominent demand for vulcanized rubber in the automotive segment. Furthermore, a rise in the manufacture and sale of commercial as well as passenger vehicles will prop up the demand for rubber vulcanization in the automotive segment. In addition to this, the process of rubber vulcanization is used for manufacturing tires with high air pressure and temperature resistance. The thriving automotive sector will also contribute significantly towards the global market expansion.   

Rubber Vulcanization Market: Report Scope

Rubber Vulcanization Market: Regional Insights

Asia-Pacific is predicted to retain its leading position in the global Rubber Vulcanization market over the analysis timeline

Asia-Pacific, which contributed about 59% of the global rubber vulcanization market revenue in 2022, will be a dominating region over the forecast timespan. Moreover, the regional market elevation over the forecasting timeline can be subject to humungous demand for vehicles in countries such as Indonesia, Japan, China, Malaysia, Thailand, and India. Furthermore, an increment in strict laws on carbon emissions and a rise in the need for fuel conservation will boost the regional market trends. For the record, Japan manufactured nearly 7 million passenger cars in 2020 and China is likely to catch up with Japan in the upcoming years. An increase in vehicle production in these countries will contribute notably towards the regional market proceeds in the coming years. For the record, in the last few years, Japan manufactured a notable number of passenger vehicles.  

The European rubber vulcanization industry is set to record the fastest CAGR in the forthcoming years subject to large-scale penetration of product in automotive, consumer goods, healthcare, and industrial sectors in countries such as Germany, the UK, and France. In addition to this, a rise in rubber and the presence of key players in the region will steer the growth of the industry in Europe. An increase in the export of rubber by these countries will proliferate the industry size in the continent.

Moreover, the large-scale presence of key automotive manufacturers such as General Motors and Ford Motor Company in countries such as the U.S. will boost the expansion of the rubber vulcanization market in North America.            

Rubber Vulcanization Market: Competitive Space

The global rubber vulcanization market profiles key players such

• LANXESS AG
• Kumho Petrochemical
• Eastman Chemical Company
• BASF SE
• Duslo, a.s
• King Industries Inc.
• Emerald Performance Materials
• Sumitomo Chemical Co. Ltd
• Stair Chemical & Technology Co. Ltd.

Moreover, giant firms such as LANXESS AG are focusing on manufacturing sustainable and green products along with finding new eco-friendly processes of vulcanizing rubber so that it contributes less to environmental pollution due to lesser carbon emissions in the atmosphere. On June 30th, 2023, reTyre, a rubber tire manufacturer, claimed that tires made up of vulcanized rubber are eco-friendly and 100% recyclable as well as durable.  

The global rubber vulcanization market is segmented as follows:

By Type

• Accelerator
• Activator
• Vulcanizing Agent
• Others

By Application

• Automotive
• Consumer Goods
• Medical
• Industrial
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa