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Industrial Rubber Market

Industrial Rubber Market By Product (Natural Rubber, Synthetic rubber), By Processing Method (Injection Molding, Compression Molding, Extrusion), By Application, By End-use Industry - Global Market Insights 2020 to 2030

Analysis of Industrial Rubber market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Industrial Rubber Market Outlook

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.

industrial rubber market enduse

Industrial Rubber Market

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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.

industrial rubber market region

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Country-wise Analysis

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.

Category-wise Insights

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.

Report Scope



Forecast Period


Historical Data Available for


Market Analysis

US$ Bn for Value & Tons for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • China
  • Japan
  • South Korea
  • India
  • GCC
  • Turkey

Key Segments Covered

  • Product
  • Processing Method
  • Application
  • End-use Industry
  • Region

Key Companies Profiled

  • JSR Corporation
  • Sumitomo Chemical Co. Ltd
  • ExxonMobil
  • Ube Industries, Ltd
  • Asahi Kasei Corporation
  • Zeon Corporation

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
    •  Others

Processing Method

  • Injection Molding
  • Compression Molding
  • Extrusion
  • Others


  • Tires & Tubes
  •  Hoses, Gaskets & Seals
  •  Conveyor Belts
  •  Wires & Cables
  •  Others

End-use Industry

  • Automotive & Transportation
  •  Building & Construction
  •  Industrial Machinery & Equipment
  •  Others


  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

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Industrial Rubber Market

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The global market is fragmented in nature. Key players have accounted for one-fifth of the market share, followed by regional small- to moderate-size players. Players have adopted conservative strategies in prominent growing regions.

Synthetic rubber captures the highest share for industrial rubber. There are various grades in synthetic rubber obtained from petrochemicals, which plays a vital role in the demand for a variety of end uses.

Styrene-Butadiene Rubber (SBR) captures a major share of more than one-fourth in value. SBR integration with various formulations is majorly used across end-use industries for the manufacturing of tires, hoses, belts, and many other components.

Applications in automobiles accounts for a major share in industrial rubber as compared to other industries. Rapid expansion of automobile industries in countries of Asia Pacific and North America is creating high $ opportunity for players in market.

COVID-19 has had a major impact on the suppliers of industrial rubber across regions, as the market has stepped on the demand brakes over the period of Q2 and Q3 of the FY2020.

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