Industrial Rubber Product Market Size, Share, Trends, Growth and Forecast 2028
Industrial Rubber Product Market By Type (Natural Rubber, Synthetic Rubber), By Product (Mechanical Rubber Goods, Rubber Hose, Rubber Belt, Rubber Roofing, Others), By Application (Automotive, Building & Construction, Industrial Manufacturing, Polymer Modification, Wire & Cable, Electrical & Electronics, Bitumen Modification, Coating, Sealant, & Adhesive, Medical & Healthcare, Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022-2028
| Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 31.54 Billion | USD 42.03 Billion | 4.9% | 2021 |
Table Of Content
- Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- Chapter 2. Executive Summary
- 2.1. Industrial rubber product market, 2017 - 2024 (USD Million)
- 2.2. Industrial rubber product market: snapshot
- Chapter 3. Industrial rubber product market- Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rapidly growing of automotive industry coupled with technological advancement in the industries
- 3.2.2. Rising demand for the high performance tires, tire adhesive, and sealing products
- 3.2.3. Increasing operational utilization
- 3.3. Market Restraints
- 3.3.1. Stringent regulations issued by the government due to ecological concerns
- 3.4. Opportunities
- 3.4.1. Growing Demand for Eco-Friendly Rubber
- 3.5. Porter's five forces analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis, by rubber type segment
- 3.6.2. Market attractiveness analysis, by application segment
- 3.6.3. Market attractiveness analysis, by regional segment
- Chapter 4. Global Industrial rubber product market- Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Industrial rubber product market: company market share, 2017
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New product launch
- 4.2.3. Agreements, partnerships, collaborations and joint ventures
- 4.2.4. Research and development and regional expansion
- 4.1. Company market share analysis
- Chapter 5. Industrial rubber product market-Rubber Type Segment Analysis
- 5.1. Industrial rubber product market: rubber type overview
- 5.1.1. Industrial rubber product market revenue share, by rubber type , 2017 and 2024
- 5.2. Natural Rubber
- 5.2.1. Industrial rubber product market for natural rubber market, 2017 - 2024 (USD Million)
- 5.3. Synthetic Rubber
- 5.3.1. Industrial rubber product market for synthetic rubber market, 2017 - 2024 (USD Million)
- 5.1. Industrial rubber product market: rubber type overview
- Chapter 6. Industrial rubber product market- Application Segment Analysis
- 6.1. Industrial rubber product market: Application overview
- 6.1.1. Industrial rubber product market revenue share, by application, 2017 and 2024
- 6.2. Construction
- 6.2.1. Industrial rubber product market for construction market, 2017 - 2024 (USD Million)
- 6.3. Aerospace
- 6.3.1. Industrial rubber product market for aerospace market, 2017 - 2024 (USD Million)
- 6.4. Automotive and Transportation
- 6.4.1. Industrial rubber product market for automotive and transportation market, 2017 - 2024 (USD Million)
- 6.5. Medical
- 6.5.1. Industrial rubber product market for medical market, 2017 - 2024 (USD Million)
- 6.6. Others
- 6.6.1. Industrial rubber product market for others market, 2017 - 2024 (USD Million)
- 6.1. Industrial rubber product market: Application overview
- Chapter 7. Industrial rubber product market- Regional Segment Analysis
- 7.1. Industrial rubber product market: regional overview
- 7.1.1. Industrial rubber product market revenue share, by region, 2017 and 2024
- 7.2. North America
- 7.2.1. North America Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.2.2. North America Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.2.3. U.S.
- 7.2.3.1. U.S. Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.2.3.2. U.S. Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.2.4. Canada
- 7.2.4.1. Canada Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.2.4.2. Canada Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.2.5. Mexico
- 7.2.5.1. Mexico Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.2.5.2. Mexico Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.3.2. Europe Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.3.3. UK
- 7.3.3.1. UK Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.3.3.2. UK Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.3.4. Germany
- 7.3.4.1. Germany Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.3.4.2. Germany Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.3.5. France
- 7.3.5.1. France Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.3.5.2. France Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Spain Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.3.6.2. Spain Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.3.7. Italy
- 7.3.7.1. Italy Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.3.7.2. Italy Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.3.8. Rest of Europe
- 7.3.8.1. Rest of Europe Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.3.8.2. Rest of Europe Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.4.2. Asia Pacific Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.4.3. China
- 7.4.3.1. China Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.4.3.2. China Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Japan Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.4.4.2. Japan Industrial rubber product market revenue, by application 2017 - 2024 (USD Million)
- 7.4.5. India
- 7.4.5.1. India Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.4.5.2. India Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.4.6. Southeast Asia
- 7.4.6.1. Southeast Asia Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.4.6.2. Southeast Asia Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.4.7. Australia
- 7.4.7.1. Australia Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.4.7.2. Australia Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.4.8.2. South Korea Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.4.9. Rest of Asia Pacific
- 7.4.9.1. Rest of Asia Pacific Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.4.9.2. Rest of Asia Pacific Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.5.2. Latin America Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.5.3. Brazil
- 7.5.3.1. Brazil Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.5.3.2. Brazil Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.5.4. Argentina
- 7.5.4.1. Argentina Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.5.4.2. Argentina Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.5.5. Rest of Latin America
- 7.5.5.1. Rest of Latin America Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.5.5.2. Rest of Latin America Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.6.2. Middle East and Africa Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.6.3. GCC Countries
- 7.6.3.1. GCC Countries Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.6.3.2. GCC Countries Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.6.4.2. South Africa Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.6.5. Rest of Middle East & Africa
- 7.6.5.1. Rest of Middle East & Africa Industrial rubber product market revenue, by rubber type , 2017 - 2024 (USD Million)
- 7.6.5.2. Rest of Middle East & Africa Industrial rubber product market revenue, by application, 2017 - 2024 (USD Million)
- 7.1. Industrial rubber product market: regional overview
- Chapter 8. Company Profile
- 8.1. Cooper Automotive Standard Inc.
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Product portfolio
- 8.1.4. Business strategy
- 8.1.5. Recent developments
- 8.2. Bridgestone Corporation
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Product portfolio
- 8.2.4. Business strategy
- 8.2.5. Recent developments
- 8.3. Carlisle Companies Inc.
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Product portfolio
- 8.3.4. Business strategy
- 8.3.5. Recent developments
- 8.4. Continental AG
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Product portfolio
- 8.4.4. Business strategy
- 8.4.5. Recent developments
- 8.5. Freudenberg Group
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Product portfolio
- 8.5.4. Business strategy
- 8.5.5. Recent developments
- 8.6. Gates Corporation
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Product portfolio
- 8.6.4. Business strategy
- 8.6.5. Recent developments
- 8.7. Parker-Hannifin Corp.
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Product portfolio
- 8.7.4. Business strategy
- 8.7.5. Recent developments
- 8.8. Yokohama Rubber Co., Ltd.
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Product portfolio
- 8.8.4. Business strategy
- 8.8.5. Recent developments
- 8.9. Myers Industries, Inc.
- 8.9.1. Overview
- 8.9.2. Financials
- 8.9.3. Product portfolio
- 8.9.4. Business strategy
- 8.9.5. Recent developments
- 8.10. Sumitomo Riko Company Limited
- 8.10.1. Overview
- 8.10.2. Financials
- 8.10.3. Product portfolio
- 8.10.4. Business strategy
- 8.10.5. Recent developments
- 8.1. Cooper Automotive Standard Inc.
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Industrial rubber product market revenue, 2017 – 2024 (USD Million)
4. Porter’s five forces analysis
5. Industrial rubber product market attractiveness analysis, by rubber type segment
6. Industrial rubber product market attractiveness analysis, by application segment
7. Industrial rubber product market: market attractiveness analysis, by regional segment
8. Company market share analysis, 2017
9. Industrial rubber product market revenue share by rubber type, 2017 and 2024
10. Industrial rubber product market for electrochemical storage market, 2017 – 2024 (USD Million)
11. Industrial rubber product market for mechanical storage market, 2017 – 2024 (USD Million)
12. Industrial rubber product market for thermal storage market, 2017 – 2024 (USD Million)
13. Industrial rubber product market revenue share by application, 2017 and 2024
14. Industrial rubber product market for transportation market, 2017 – 2024 (USD Million)
15. Industrial rubber product market for grid storage market, 2017 – 2024 (USD Million)
Table Of Tables
List of Tables
1. Industrial rubber product market: market snapshot
2. Drivers of Industrial rubber product market: impact analysis
3. Restraints of Industrial rubber product market: impact analysis
4. North America Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
5. North America Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
6. U.S. Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
7. U.S. Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
8. Canada Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
9. Canada Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
10. Mexico Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
11. Mexico Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
12. Europe Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
13. Europe Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
14. UK Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
15. UK Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
16. Germany Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
17. Germany Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
18. France Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
19. France Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
20. Spain Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
21. Spain Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
22. Italy Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
23. Italy Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
24. Rest of Europe Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
25. Rest of Europe Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
26. Asia Pacific Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
27. Asia Pacific Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
28. China Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
29. China Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
30. Japan Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
31. Japan Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
32. India Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
33. India Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
34. Southeast Asia Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
35. Southeast Asia Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
36. South Korea Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
37. South Korea Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
38. Australia Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
39. Australia Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
40. Rest of Asia Pacific Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
41. Rest of Asia Pacific Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
42. Latin America Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
43. Latin America Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
44. Brazil Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
45. Brazil Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
46. Argentina Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
47. Argentina Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
48. Rest of Latin America Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
49. Rest of Latin America Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
50. Middle East and Africa Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
51. Middle East and Africa Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
52. GCC Countries Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
53. GCC Countries Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
54. Rest of Middle East & Africa Industrial rubber product market revenue, by rubber type, 2017 – 2024 (USD Million)
55. Rest of Middle East & Africa Industrial rubber product market revenue, by application, 2017 – 2024 (USD Million)
Methodology
FrequentlyAsked Questions
Increasing demand from automotive industry is the major trend that guide industrial rubber product market growth.
According to the Zion Market Research report, the global industrial rubber product market was worth about US$ 31.54 billion in 2021 and is predicted to grow to around US$ 42.03 billion by 2028, with a compound annual growth rate (CAGR) of around 4.9 percent.
Asia Pacific region leads the global industrial rubber product market in terms of revenue and volume share owing to high industrial activity
Some of the main competitors dominating the global industrial rubber product market include -- LANXESS (Germany), Sinopec (China), Goodyear Tire and Rubber Company (US), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), Nizhnekamskneftekhim (Russia), JSR Corporation (Japan), LG Chem (South Korea), Versalis S.p.A. (Italy), and ZEON Corpo
The global industrial rubber product market is segregated based on product, type, application, and region.
By Type, the market is divided into synthetic rubber and natural rubber. The synthetic rubber segment is expected to lead the market and emerge as a highly lucrative segment over the forecast period. The use of synthetic rubber in large quantities in multiple industries is expected to boost the demand for this segment. Especially this segment will be driven by rising use from the automotive sector. Its better abrasion-resistant quality makes it a good substitute for natural rubber.
By Application, the industrial rubber product market is segmented into automotive, building & construction, industrial manufacturing, polymer modification, wire & cable, electrical & electronics, bitumen modification, coating, sealant, & adhesive, medical & healthcare, others. The rising production of automotive is expected to boost industrial rubber product market growth as it is the major end use vertical.
Growth Drivers are: Increasing demand from Automotive Industry Vertical
Rubber has a massive scope of application in the automotive industry as it is used in making gaskets, seals, and belts as well. Rising automobile production and increasing use of rubber in multiple components are expected to make this industry a major end use vertical for the industrial rubber product market growth over the forecast period. The industrial rubber product market is expected to be majorly driven by this industry through 2028
The Restraints are Adverse Impact on Environment Industrial rubber products have proven to be really toxic and harmful to the environment and the increasing focus on sustainability on a global level is anticipated to restrain the use and production of industrial rubber product over the forecast period. The disposal of rubber products creates a major waste hazard and is also often highly toxic not only to humans but also to the environment. Stringent government mandates to reduce waste and conserve the environment are expected to constrain industrial rubber product market potential through 2028
Recent Developments: In September 2017 – PJSC Nizhnekamskneftekhim announced the start of production of concentrated formaldehyde at a new plant and this is expected to be a step to boost production of isoprene. The plant has a capacity of 100,000 tons per year.
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Industry Prospective:Industrial rubber product OverviewTo know more about this report, Request a FREE sample copyCOVID-19 Impact:Industrial rubber product Growth DriversIndustrial rubber product RestraintsGlobal Industrial rubber product SegmentationRecent DevelopmentsRegional LandscapeReport Scope:Competitive Landscape Global industrial rubber product market is segmented as follows:By RegionRelatedNews
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