Report Summary
Industrial Rubber Products Market Overview
The Industrial Rubber Products Market size is estimated to reach US$166.4 billion by 2027, after growing at a CAGR of 5.6% during the forecast period 2022-2027. Natural rubber and synthetic rubber are often used in various end-use industries for applications such as rubber ducts, rubber expansion joints, rubber flooring/matting and more. The rapid growth in tire manufacturing is contributing to the growth of the industrial rubber products industry. However, in 2020, delays in farming operations due to the COVID-19 pandemic resulted in the decline of natural rubber production. According to the International Rubber Study Group (IRSG), in 2020, there was a decline in the production of rubber by 4.9%. In 2021, the ease of regulations proliferated the market growth, which accelerated the growth of the industrial rubber products industry. In addition, there is a surge in the production of medical equipment. As a result, this is increasing demand for industrial rubber for the manufacturing of rubber gloves and rubber injection parts. Furthermore, for the manufacturing of vehicles, the automotive industry uses industrial rubber in many of its parts and components, which is also set to accelerate the growth of the Industrial Rubber Products market size during the forecast period.
Industrial Rubber Products Market Report Coverage
The ?Industrial Rubber Products Market Report ? Forecast (2022-2027)? by IndustryARC, covers an in-depth analysis of the following segments in the Industrial Rubber Products Market.
By Type: Natural Rubber and Synthetic Rubber [Styrene Butadiene Rubber (SBR), Polybutadiene Rubber, Butyl Rubber, Nitrile Rubber (NBR), Silicone Rubber and Others].
By Application: Hoses, Rubber Expansion Joints, Rubber Injection Parts, Belts, Roofing, Geomembranes, Tyres, Cables, Gaskets, Gloves, Seals and O-rings, Adhesives, Anti-vibration Mounts, Rubber Duct, Flooring/Matting and Others.
By End-use Industry: Automotive [Passenger Vehicles, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV) and Others], Aerospace (Commercial, Military and Others), Locomotives (Goods and Passengers), Marine (Cargo, Passenger, Supply Vessel and Others), Construction (Residential Construction, Commercial Construction and Industrial Construction), Electricals and Electronics, Food and Beverages, Printing and Paper, Chemical, Oil and Gas, Medical (Tubes, Breathing Bags, Catheters and Others), Textile, Footwear and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of the Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].
Key Takeaways
Asia-Pacific region dominated the Industrial Rubber Products Market, owing to the increasing automotive manufacturing in the region. According to the China Association of Automobile Manufacturers (CAAM), in 2021, the total number of cars manufactured in China was 26,082,000, an increase of 2.4% over 2020.
Synthetic rubber is used across various industries, including rubber footwear, automotive and more as it has a good heat resistance and heat ageing quality. This factor is expected to aid the growth of the Industrial Rubber Products market in the coming years.
Moreover, Industrial Rubber Products are frequently used in the electronic and electrical industry, owing to their properties such as shockproof and moisture-proof. This, in turn, would drive market growth.
However, the fluctuations in the raw material prices of Industrial Rubber Products may restrict the market growth in the upcoming years.Industrial Rubber Products Market Segment Analysis ? by Type
The synthetic rubber segment dominated the Industrial Rubber Products Market with a share of 60.1% in 2021. Synthetic rubber has applications across industries where it is used in various parts and components. Synthetic rubber is preferred over natural rubber due to its better abrasion resistance and its superior resistance feature to heat. The advantage of synthetic rubber is that in comparison with natural rubber, they are available in different variants. According to the International Rubber Study Group, synthetic rubber is available in over 200 variants with varied constituents and qualities. From the synthetic rubber variants, nitrile rubber (NBR) is widely used in various industries, since its versatility and reliability make it a good choice for general-purpose application. As a result, the demand for synthetic rubber can be seen in almost every core industry, which contributes to increased business growth. This is leading to the growth of the Industrial Rubber Products market.
Industrial Rubber Products Market Segment Analysis ? by End-use Industry
The automotive segment held the largest share of the Industrial Rubber Products Market in 2021 and is estimated to grow at a CAGR of 5.9% during the forecast period of 2022-2027. Industrial rubber products, including rubber ducts, rubber expansion joints, rubber flooring/matting and more are used in the components and parts for the manufacturing of vehicles. Due to its flexibility and durability, it helps in abrasion resistance, high tear strength, chemical and grease resistance, hot and cold temperature sustainability and ozone resistance. The factors such as the increasing adoption of passenger cars, the booming transport production and other factors are accelerating the growth of the automotive industry. According to the European Automobile Manufacturers? Association (ACEA), in 2021, 2.1 million commercial vehicles were produced in the European Union region, an increase of 1.0% over 2020. As a result, there has been an increase in the demand for industrial rubber. Also, this would lead to the growth of the Industrial Rubber Products market in the projected period.
Industrial Rubber Products Market Segment Analysis ? by Geography
Asia-Pacific is the dominating region in the Industrial Rubber Products Market as it held up to 43% market share in 2021. The surge in the sectoral growth of the Asia-Pacific countries is due to the expansion of various industries, including automotive, building & construction and more. The key variables such as the rapid phase of industrialization, increasing consumer income, surge in the demand for heavy commercial vehicles and others are the vital factors driving the automotive industry growth in Asia-Pacific. According to the Society of Indian Automobile Manufacturers (SIAM), in 2020, the total automobile production in India was 22,655,609 units and in 2021, it stood at 22,933,230 units, an increase of 1.2%. Moreover, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2020, the production of light commercial vehicles in Asia-Pacific was 4,668,333 units and in 2021, it was 5,099,264 units, showing an increase of 9%. Therefore, the growth of the automotive industry in Asia-Pacific is fueling the demand for industrial rubber products such as rubber ducts, rubber expansion joints, rubber flooring/matting and more. This, in turn, would propel the growth of the Industrial Rubber Products market size during the projected forecast period.
Industrial Rubber Products Market Drivers
Rapid Development in the Construction Industry:
There is an increasing demand for Industrial Rubber Products in the construction industry. It is because the use of industrial rubber in construction ensures the right strength of the structure. Across the globe, there has been an increase in the construction of residential buildings, commercial buildings and industrial buildings. In Q4 of 2021, construction works started on the US$507 million Althan Quartier Mixed-Use Complex, which included the construction hotel, commercial facilities and more. This project would be completed by 2024. According to Invest India, there is a total of 115 future construction projects which are under the planning phase in India and the value of these projects is about US$11.63 million. These projects include the construction of hotels and office buildings, shopping complexes and more. Hence, the growth of construction projects is boosting the demand for Industrial Rubber Products. This determinant is propelling the market growth.
Development in the Aerospace Industry:
The aerospace industry utilizes Industrial Rubber Products for thermal insulation, window and door seal, LED lighting and gaskets, vibration dampening, O-rings and similar parts and components. According to Aerospace Industries Association (AIA) America, the year 2019 was one of the best years as it saw sales of US$909 billion, up by 6.7% in comparison to 2018. Moreover, according to Invest India, the Indian civil aviation market in 2021 stand at US$900 million and is anticipated to grow to US$4.33 billion by 2025, increasing at a CAGR of about 14%. The countries are doing huge investments in their defence systems. As a result of all these factors, there would be a surge in the demand for industrial rubber products in the manufacturing of aerospace-related articles. This, in turn, would drive the market growth throughout the forecast period.
Industrial Rubber Products Market Challenge
Changing Raw Material Price:
One of the major challenges associated with the Industrial Rubber Products Market is volatile raw material prices. The market for industrial rubber is very competitive. A small change in supply and demand has an impact on its price. Synthetic rubber is produced using petroleum byproducts. As a result, a change in the price of crude oil has a direct impact on the price of synthetic rubber. According to the World Bank,
Table of content
Table of Contents
1. Industrial Rubber Products Market: Market Overview
1.1 Definitions and Scope
2. Industrial Rubber Products Market - Executive Summary
2.1 Key Trends by Type
2.2 Key Trends by Application
2.3 Key Trends by End-use Industry
2.4 Key Trends by Geography
3. Industrial Rubber Products Market ? Comparative analysis
3.1 Market Share Analysis - Major Companies
3.2 Product Benchmarking - Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis - Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Industrial Rubber Products Market - Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Industrial Rubber Products Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis ? Major companies
6. Industrial Rubber Products Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porter's Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Industrial Rubber Products Market ? Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis ? Major Companies
8. Industrial Rubber Products Market ? by Type (Market Size - US$ Million/Billion)
8.1 Natural Rubber
8.2 Synthetic Rubber
8.2.1 Styrene Butadiene Rubber (SBR)
8.2.2 Polybutadiene Rubber
8.2.3 Butyl Rubber
8.2.4 Nitrile Rubber (NBR)
8.2.5 Silicone Rubber
8.2.6 Others
9. Industrial Rubber Products Market - by Application (Market Size - US$ Million/Billion)
9.1 Hoses
9.2 Rubber Expansion Joints
9.3 Rubber Injection Parts
9.4 Belts
9.5 Roofing
9.6 Geomembranes
9.7 Tyres
9.8 Cables
9.9 Gaskets
9.10 Gloves
9.11 Seals and 0-rings
9.12 Adhesives
9.13 Anti-vibration Mounts
9.14 Rubber Duct
9.15 Flooring/Matting
9.16 Others
10. Industrial Rubber Products Market - by End-use Industry (Market Size - US$ Million/Billion)
10.1 Automotive
10.1.1 Passenger Vehicles (PV)
10.1.2 Light Commercial Vehicles (LCV)
10.1.3 Heavy Commercial Vehicles (HCV)
10.1.4 Others
10.2 Aerospace
10.2.1 Commercial
10.2.2 Military
10.2.3 Others
10.3 Locomotives
10.3.1 Goods
10.3.2 Passengers
10.4 Marine
10.4.1 Cargo
10.4.2 Passenger
10.4.3 Supply Vessels
10.4.4 Others
10.5 Building and Construction
10.5.1 Residential
10.5.2 Commercial
10.5.3 Industrial
10.6 Electricals and Electronics
10.7 Medical and Healthcare
10.7.1 Tubes
10.7.2 Breathing Bags
10.7.3 Catheters
10.7.4 Others
10.8 Food and Beverages
10.9 Printing and Paper
10.10 Chemical
10.11 Oil and Gas
10.12 Textile
10.13 Footwear
10.14 Others
11. Industrial Rubber Products Market - by Geography (Market Size - US$ Million/Billion)
11.1 North America
11.1.1 The USA
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 The UK
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 The Netherlands
11.2.6 Spain
11.2.7 Russia
11.2.8 Belgium
11.2.9 The Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Australia and New Zealand
11.3.6 Indonesia
11.3.7 Taiwan
11.3.8 Malaysia
11.3.9 The Rest of APAC
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Colombia
11.4.4 Chile
11.4.5 The Rest of South America
11.5 The Rest of the World
11.5.1 The Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 The UAE
11.1.1.3 The Rest of the Middle East
11.1.1.4 Israel
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 The Rest of Africa
12. Industrial Rubber Products Market ? Entropy
12.1 New Product Launches
12.2 M&As, Collaborations, JVs and Partnerships
13. Industrial Rubber Products Market ? Industry / Segment Competition landscape Premium Premium
13.1 Company Benchmarking Matrix ? Major Companies
13.2 Market Share atGlobal Level - Major companies
13.3 Market Share by Key Region - Major companies
13.4 Market Share by Key Country - Major companies
13.5 Market Share by Key Application - Major companies
13.6 Market Share by Key Product Type/Product category - Major companies
14. Industrial Rubber Products Market ? Key Company List by Country Premium Premium
15. Industrial Rubber Products Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."
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List of Tables:
Table 1: Industrial Rubber Products Market Overview 2021-2026
Table 2: Industrial Rubber Products Market Leader Analysis 2018-2019 (US$)
Table 3: Industrial Rubber Products Market Product Analysis 2018-2019 (US$)
Table 4: Industrial Rubber Products Market End User Analysis 2018-2019 (US$)
Table 5: Industrial Rubber Products Market Patent Analysis 2013-2018* (US$)
Table 6: Industrial Rubber Products Market Financial Analysis 2018-2019 (US$)
Table 7: Industrial Rubber Products Market Driver Analysis 2018-2019 (US$)
Table 8: Industrial Rubber Products Market Challenges Analysis 2018-2019 (US$)
Table 9: Industrial Rubber Products Market Constraint Analysis 2018-2019 (US$)
Table 10: Industrial Rubber Products Market Supplier Bargaining Power Analysis 2018-2019 (US$)
Table 11: Industrial Rubber Products Market Buyer Bargaining Power Analysis 2018-2019 (US$)
Table 12: Industrial Rubber Products Market Threat of Substitutes Analysis 2018-2019 (US$)
Table 13: Industrial Rubber Products Market Threat of New Entrants Analysis 2018-2019 (US$)
Table 14: Industrial Rubber Products Market Degree of Competition Analysis 2018-2019 (US$)
Table 15: Industrial Rubber Products Market Value Chain Analysis 2018-2019 (US$)
Table 16: Industrial Rubber Products Market Pricing Analysis 2021-2026 (US$)
Table 17: Industrial Rubber Products Market Opportunities Analysis 2021-2026 (US$)
Table 18: Industrial Rubber Products Market Product Life Cycle Analysis 2021-2026 (US$)
Table 19: Industrial Rubber Products Market Supplier Analysis 2018-2019 (US$)
Table 20: Industrial Rubber Products Market Distributor Analysis 2018-2019 (US$)
Table 21: Industrial Rubber Products Market Trend Analysis 2018-2019 (US$)
Table 22: Industrial Rubber Products Market Size 2018 (US$)
Table 23: Industrial Rubber Products Market Forecast Analysis 2021-2026 (US$)
Table 24: Industrial Rubber Products Market Sales Forecast Analysis 2021-2026 (Units)
Table 25: Industrial Rubber Products Market, Revenue & Volume, By Rubber Type, 2021-2026 ($)
Table 26: Industrial Rubber Products Market By Rubber Type, Revenue & Volume, By Natural Rubber, 2021-2026 ($)
Table 27: Industrial Rubber Products Market By Rubber Type, Revenue & Volume, By Synthetic Rubber, 2021-2026 ($)
Table 28: Industrial Rubber Products Market By Rubber Type, Revenue & Volume, By Natural Rubber, 2021-2026 ($)
Table 29: Industrial Rubber Products Market By Rubber Type, Revenue & Volume, By Synthetic Rubber, 2021-2026 ($)
Table 30: Industrial Rubber Products Market By Rubber Type, Revenue & Volume, By Elastomers (EPM/EPDM), 2021-2026 ($)
Table 31: Industrial Rubber Products Market, Revenue & Volume, By Product Type, 2021-2026 ($)
Table 32: Industrial Rubber Products Market By Product Type, Revenue & Volume, By Gaskets, 2021-2026 ($)
Table 33: Industrial Rubber Products Market By Product Type, Revenue & Volume, By Hoses, 2021-2026 ($)
Table 34: Industrial Rubber Products Market By Product Type, Revenue & Volume, By Conveyor belts, 2021-2026 ($)
Table 35: Industrial Rubber Products Market By Product Type, Revenue & Volume, By Sealing products, 2021-2026 ($)
Table 36: Industrial Rubber Products Market By Product Type, Revenue & Volume, By Others, 2021-2026 ($)
Table 37: Industrial Rubber Products Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table 38: Industrial Rubber Products Market By End-Use Industry, Revenue & Volume, By Construction, 2021-2026 ($)
Table 39: Industrial Rubber Products Market By End-Use Industry, Revenue & Volume, By Manufacturing, 2021-2026 ($)
Table 40: Industrial Rubber Products Market By End-Use Industry, Revenue & Volume, By Aerospace, 2021-2026 ($)
Table 41: Industrial Rubber Products Market By End-Use Industry, Revenue & Volume, By Automotive, 2021-2026 ($)
Table 42: Industrial Rubber Products Market By End-Use Industry, Revenue & Volume, By Others, 2021-2026 ($)
Table 43: North America Industrial Rubber Products Market, Revenue & Volume, By Rubber Type, 2021-2026 ($)
Table 44: North America Industrial Rubber Products Market, Revenue & Volume, By Product Type, 2021-2026 ($)
Table 45: North America Industrial Rubber Products Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table 46: South america Industrial Rubber Products Market, Revenue & Volume, By Rubber Type, 2021-2026 ($)
Table 47: South america Industrial Rubber Products Market, Revenue & Volume, By Product Type, 2021-2026 ($)
Table 48: South america Industrial Rubber Products Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table 49: Europe Industrial Rubber Products Market, Revenue & Volume, By Rubber Type, 2021-2026 ($)
Table 50: Europe Industrial Rubber Products Market, Revenue & Volume, By Product Type, 2021-2026 ($)
Table 51: Europe Industrial Rubber Products Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table 52: APAC Industrial Rubber Products Market, Revenue & Volume, By Rubber Type, 2021-2026 ($)
Table 53: APAC Industrial Rubber Products Market, Revenue & Volume, By Product Type, 2021-2026 ($)
Table 54: APAC Industrial Rubber Products Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table 55: Middle East & Africa Industrial Rubber Products Market, Revenue & Volume, By Rubber Type, 2021-2026 ($)
Table 56: Middle East & Africa Industrial Rubber Products Market, Revenue & Volume, By Product Type, 2021-2026 ($)
Table 57: Middle East & Africa Industrial Rubber Products Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table 58: Russia Industrial Rubber Products Market, Revenue & Volume, By Rubber Type, 2021-2026 ($)
Table 59: Russia Industrial Rubber Products Market, Revenue & Volume, By Product Type, 2021-2026 ($)
Table 60: Russia Industrial Rubber Products Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table 61: Israel Industrial Rubber Products Market, Revenue & Volume, By Rubber Type, 2021-2026 ($)
Table 62: Israel Industrial Rubber Products Market, Revenue & Volume, By Product Type, 2021-2026 ($)
Table 63: Israel Industrial Rubber Products Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table 64: Top Companies 2018 (US$)Industrial Rubber Products Market, Revenue & Volume
Table 65: Product Launch 2018-2019Industrial Rubber Products Market, Revenue & Volume
Table 66: Mergers & Acquistions 2018-2019Industrial Rubber Products Market, Revenue & Volume
List of Figures:
Figure 1: Overview of Industrial Rubber Products Market 2021-2026
Figure 2: Market Share Analysis for Industrial Rubber Products Market 2018 (US$)
Figure 3: Product Comparison in Industrial Rubber Products Market 2018-2019 (US$)
Figure 4: End User Profile for Industrial Rubber Products Market 2018-2019 (US$)
Figure 5: Patent Application and Grant in Industrial Rubber Products Market 2013-2018* (US$)
Figure 6: Top 5 Companies Financial Analysis in Industrial Rubber Products Market 2018-2019 (US$)
Figure 7: Market Entry Strategy in Industrial Rubber Products Market 2018-2019
Figure 8: Ecosystem Analysis in Industrial Rubber Products Market 2018
Figure 9: Average Selling Price in Industrial Rubber Products Market 2021-2026
Figure 10: Top Opportunites in Industrial Rubber Products Market 2018-2019
Figure 11: Market Life Cycle Analysis in Industrial Rubber Products Market
Figure 12:GlobalBy Rubber TypeIndustrial Rubber Products Market Revenue, 2021-2026 ($)
Figure 13:GlobalBy Product TypeIndustrial Rubber Products Market Revenue, 2021-2026 ($)
Figure 14:GlobalBy End-Use IndustryIndustrial Rubber Products Market Revenue, 2021-2026 ($)
Figure 15:Global Industrial Rubber Products Market - By Geography
Figure 16:Global Industrial Rubber Products Market Value & Volume, By Geography, 2021-2026 ($)
Figure 17:Global Industrial Rubber Products Market CAGR, By Geography, 2021-2026 (%)
Figure 18: North America Industrial Rubber Products Market Value & Volume, 2021-2026 ($)
Figure 19: US Industrial Rubber Products Market Value & Volume, 2021-2026 ($)
Figure 20: US GDP and Population, 2018-2019 ($)
Figure 21: US GDP ? Composition of 2018, By Sector of Origin
Figure 22: US Export and Import Value & Volume, 2018-2019 ($)
Figure 23: Canada Industrial Rubber Products Market Value & Volume, 2021-2026 ($)
Figure 24: Canada GDP and Population, 2018-2019 ($)
Figure 25: Canada GDP ? Composition of 2018, By Sector of Origin
Figure 26: Canada Export and Import Value & Volume, 2018-2019 ($)
Figure 27: Mexico Industrial Rubber Products Market Value & Volume, 2021-2026 ($)
Figure 28: Mexico GDP and Population, 2018-2019 ($)
Figure 29: Mexico GDP ? Composition of 2018, By Sector of Origin
Figure 30: Mexico Export and Import Value & Volume, 2018-2019 ($)
Figure 31: South America Industrial Rubber Products Market Value & Volume, 2021-2026 ($)
Figure 32: Brazil Industrial Rubber Products Market Value & Volume, 2021-2026 ($)
Figure 33: Brazil GDP and Population, 2018-2019 ($)
Figure 34: Brazil GDP ? Composition of 2018, By Sector of Origin
Figure 35: Brazil Export and Import Value & Volume, 2018-2019 ($)
Figure 36: Venezuela Industrial Rubber Products Market Value & Volume, 2021-2026 ($)
Figure 37: Venezuela GDP and Population, 2018-2019 ($)
Figure 38: Venezuela GDP ? Composition of 2018, By Sector of Origin
Figure 39: Venezuela Export and Import Value & Volume, 2018-2019 ($)
Figure 40: Argentina Industrial Rubbe
