About the Report
Industrial rubber holds huge potential, as its application is not only restricted to the automobile industry but also in many industries such as building & construction, industrial machinery & equipment, and others.
Both, natural and synthetic rubber types serve a wide range of use cases across the mentioned industries.
Diversified applications along with emergence of unconventional applications are set to enhance growth and reduce the market risk of industrial rubber. Increasing demand from the automotive industry for tires and other applications is amongst the primary factor driving market growth.
In a recently published report of Fact.MR, insights regarding key factors fueling market growth have been offered for the next ten years. The report tracks trends in 20+ high-growth countries, with the regions of Asia, North America, and Europe leading the way.
The impact of the COVID-19 pandemic has also been detailed in the report, with exhaustive insights into what the years ahead will offer.
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Historical & Future Projections
Over the past half-decade, industrial rubber has portrayed moderate growth at a CAGR of 4% from 2015 to 2020. The growth is on the back of mounting demand from diverse applications, including tubes & tires, wires & cables, conveyor belts, hoses, gaskets and seals, etc.
The COVID-19 outbreak contracted demand for industrial rubber in the second and third quarters of FY2020, with deductions occurring at 4% and 3%, respectively.
Decline in demand for industrial rubber from various industries led to a domino effect on industrial rubber requisites across regions. However, in the fourth quarter of 2020, overall demand witnessed a hike of 1%.
Assessing the market over the forecast period, demand is anticipated to grow in a slow phase in the short term (2020-2023), while in the medium term, it is expected to record moderate growth. Overall the market is projected to expand at a CAGR over 5% through 2030.
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Why Does the Automobile Industry Play a Crucial Role in Driving Demand for Industrial Rubber?
End-use industries such as automobile & transportation have increased the adoption of industrial rubber for the manufacturing of tires. Other key products manufactured from industrial rubber are hoses, seals, gaskets, and others, which have bolstered demand over the past half-decade.
The demand curve for industrial rubber in automobile components has risen due to its versatile materialistic properties.
For instance, some market players such as Asahi Kasei Corporation are manufacturing tires with their own innovated formulations to increase the fuel efficiency of vehicles.
Similar trend is expected to be followed over the medium-run forecast period as overall automotive production is estimated to increase.
Why has China Huge Scope in Industrial Rubber Production?
Over the past decade, industrial rubber production in China has increased due to improved production facilities and easy availability of raw materials. Conditional climates for the production of natural rubber is also one of the main reasons attracting key players in the industrial rubber market.
China has occupied the highest market share in the production of natural rubber due to high availability of resources for its production.
Furthermore, increasing end-user industry demand is changing the overall market dynamics in the country.
Why Does the United States have a Prominent Hand in Driving the Industrial Rubber Market?
The U.S. is one of the key countries affecting the overall dynamics of the global market. Compared to China, industrial rubber holds a significant demand share in the U.S.
Restraining factors such as environmental regulations against carbon emissions in the U.S. are changing the overall market place and limiting the production of butyl rubber from synthetic rubber, thus, ultimately impacting the overall revenue from industrial rubber.
Innovations in manufacturing have been driving the overall market to reach the benchmarks set by the environmental watchdogs in the region. However, significant demand-supply gap is observed in the region, which will pave way for new players with advanced facilities to venture into industrial rubber manufacturing.
What is the Share of Japan in the Industrial Rubber Landscape?
Japan is one of the key countries in industrial rubber production, and plays an important role after China in the region of East Asia. Market players such as Zeon Corporation, Ube Industries, Ltd., Sumitomo Chemical Co. Ltd, JSR Corporation, and Denka Company Limited have occupied major market shares in the country’s industrial rubber space.
Established market players have collaborated with regional tire manufacturers due to high segmental potential across the globe. For instance, key consumers of industrial rubber positioned are Bridgestone Corp. and Yokohama Rubber Co. Ltd. in the Japanese market.
In a recently published report by Fact.MR, Japan has been highlighted in the top 10 prominent countries, and deep insights about pricing, demand-supply gap, and other factors have been provided.
Why Does Industrial Rubber have High Demand across Thailand?
Extensive natural rubber cultivation capabilities play an eminent role in the production of industrial rubber in Thailand. Players in the market are attracted to the raw rubber extracted from natural rubber (Hevea brasiliensis) trees.
Extraction of natural rubber from trees has been increasing at a rapid rate over the past half-decade. Local small- and medium-sized players in this country are changing the overall market dynamics related to industrial rubber.
Thailand has gained its important stance in the production of industrial rubber due to abundant resources of natural rubber.
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How do the prices of synthetic and natural rubber match up?
Taking into account the overall market of industrial rubber, natural and synthetic rubbers have their own advantages and price differences. As compared to synthetic rubber, the price of natural rubber is notably high due to complex production technology.
It is logical to assume that, synthetic and natural rubber would be close substitutes. If the price of one rubber increases, demand for rubber shifts toward the lower substitute.
Prices of both variants have increased sharply over the past few years. However, both rubbers have their clustered end uses in the manufacturing of bundled products, with synthetic rubber holding a higher global market share of around two-third.
What are the key challenges faced by Industrial rubber manufacturers?
Market giants manufacturing industrial rubber are facing many challenges when it comes to regional markets. Stringent regulations for industries in North America is one of the main reasons affecting the production of butyl rubber in the synthetic rubber segment.
Governing bodies across the globe are targeting the reduction of carbon footprint, which is acting as a major hurdle for manufacturers. These regulations are set to give birth to innovations, but over the short-term forecast period, manufacturers have to bear the brunt of these regulations.
Apart from regulation barriers, challenges in the supply chain, high tariffs for foreign goods, and economic volatile situations due to COVID-19 have weakened the economy of the global industrial rubber market.
With the market being fragmented, intensity of competition is notably increasing as compared to the past decade. Also, regional small- to medium-sized players are disrupting the supply chain of market giants.
For instance, the markets in East Asia and North America are facing some of the mentioned challenges due to the occupancy of various players across these regions.
Historical Data Available for
US$ Bn for Value & Tons for Volume
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Available upon Reques
Key Market Segments Covered in the Report
- Natural Rubber
- Synthetic rubber
- Polybutadiene Rubber
- Butyl Rubber
- Nitrile Rubber
- Chloroprene Rubber
- Ethylene-propylene Rubber
- Silicone Rubber
- Injection Molding
- Compression Molding
- Tires & Tubes
- Hoses, Gaskets & Seals
- Conveyor Belts
- Wires & Cables
- Automotive & Transportation
- Building & Construction
- Industrial Machinery & Equipment
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
Industrial Rubber Market- Scope of Report
A recent study by Fact.MR on the industrial rubber market offers a 10-year forecast for 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of the market.
This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the production of industrial rubber.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period.
A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the industrial rubber market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the market across the globe.
A comprehensive estimate has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of industrial rubber during the forecast period. Price point comparison by region with global average price is also considered in the study.
Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms of volume (Kilo Tons) and value (US$ Bn).
Market estimates at global and regional levels for industrial rubber are available in terms of “US$ Bn” for value and in “Kilo Tons” for volume. A Y-o-Y growth contrast on prominent industrial rubber market segments, along with market attractiveness evaluation, has been incorporated in the report.
Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.
Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global industrial rubber market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projection on regional markets.
These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the industrial rubber market during the forecast period.
Country-specific valuation on demand for industrial rubber has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of industrial rubber, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of industrial rubber has been brought with the help of a detailed dashboard view.
Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with all-inclusive SWOT analysis on each player.
Company presence is mapped and presented through the matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the industrial rubber market.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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