Rubber market size to grow by 8,795.35 MT from 2022 to 2027, Increasing demand from the automotive industry to drive growth - Technavio

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NEW YORK, April 13, 2023 /PRNewswire/ -- The rubber market is set to grow by 8,795.35 MT from 2022 to 2027, progressing at a CAGR of 5.28% during the forecast period. The market growth will be driven by the increasing demand for rubber from the automotive industry. The automotive industry has the largest share of the global market in terms of consumption. Automotive tires are generally made from rubber. PBD rubber is an ideal elastomer for making tires owing to its properties, such as high resilience, improved abrasion resistance, and increased cut growth resistance. PBD rubber is typically combined with other elastomers, such as SBR or natural rubber, during the manufacturing of tires. As PBD rubber is highly resistant to cold temperatures, it is also for non-tire applications such as hoses, belts, gaskets, and other automotive components. Therefore, PBD rubber is expected to be used for various applications during the forecast period, which will drive the growth of the global market. Make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio report. View a sample PDF report!

Vendor landscape

The rubber market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The market is moderately diverse due to the presence of dominant vendors. The global rubber market is highly competitive as vendors compete to increase their market shares. Intense competition, continuous developments in technology, and frequent changes in government policies and environmental regulations are driving the global rubber market. Moreover, the competitive environment of the market is expected to intensify due to technological innovations, product extensions, and M&A during the forecast period. Such factors are expected to intensify the competition in the global rubber market. Some of the key vendors and their offerings are listed below:

• Advance Multitech Ltd. - The company offers rubber-coated fabrics that are used for applications such as abrasion resistance, barrier protection, air retention, flex resistance, and resistance to chemical gases and fuels.
• Asahi Kasei Corp. - The company offers alpha Tec rubber cuff, which is used for the manufacturing of chemical protective suits.
• Bridgestone Corp. - The company offers styrene butadiene rubber, which is used for applications related to car tires, shoe soles and heels, drive couplings, automotive parts, and mechanical rubber goods.
• Dow Inc. - The company offers natural rubber, which is used as a primary material for tire production.
• Exxon Mobil Corp. - The company offers synthetic rubber, which is used for applications related to tires, clutches, engine bearings, conveyor belts, and various industrial goods.
• Kumho Petrochemical Co Ltd
• Lanxess AG
• LG Electronics Inc.
• Michelin Group
• Saudi Arabian Oil Company
• Southland Holding Co.
• Sri Trang Agro-Industry Plc
• Synthos SA
• Thai Rubber Latex Group Public Co. Ltd.
• TSRC Corp.

For market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View a Sample Now.

Key market segmentation

• Application 
• Tires
• Non-tires

The tires segment will account for a significant share of the market growth during the forecast period. Rubber is one of the key raw materials that are used to make tires for automobiles. The tire segment is expected to experience significant growth in terms of revenue during the forecast period due to the extensive use of rubber products in the automotive industry. This is due to an increase in demand for automobiles worldwide.

• Type 
• Synthetic rubber
• Natural rubber

The synthetic rubber segment has grown significantly in the last few years. Different forms of synthetic rubber are used for various purposes. For example, Buna rubbers, butadiene, and styrene-butadiene are frequently used to manufacture tires. Polybutadiene (PBD) rubber is supplied in solid and liquid forms and is an important raw material in the automotive industry. Polyisoprene rubber is likely to witness considerable growth owing to the increasing demand for synthetic rubber from industries such as automotive, consumer goods, sports goods, medical, and other mechanical goods. Nitrile butadiene rubber is also expected to witness substantial growth due to the growing demand for synthetic rubber. Such factors are expected to drive the growth of the synthetic segment during the forecast period.

• Region
• APAC
• Europe
• North America
• Middle East and Africa
• South America

View a sample report for more highlights of the various market segments.

Regional Market Outlook

APAC will account for 46% of the growth of the global market during the forecast period. The region was the largest producer of rubber compared in 2022, with China, India, and Japan being the key revenue contributors to the regional market. This is because the demand for rubber from industries such as automotive, construction, oil and gas, and aerospace is increasing in these countries. This demand is anticipated to increase during the forecast period. Such factors will boost the regional market growth.

For more key highlights on the regional market share of most of the above-mentioned countries - View a sample PDF report

The rubber market covers the following areas:

Rubber Market Sizing
Rubber Market Forecast
Rubber Market Analysis

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (MT)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (MT)
• Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global rubber market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global rubber market 2017 - 2021 (MT)

• 4.2 By Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – By Application Segment 2017 - 2021 (MT)

• 4.3 By Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – By Type Segment 2017 - 2021 (MT)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (MT)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (MT)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Tires - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Tires - Market size and forecast 2022-2027 (MT)
• Exhibit 35: Data Table on Tires - Market size and forecast 2022-2027 (MT)
• Exhibit 36: Chart on Tires - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Tires - Year-over-year growth 2022-2027 (%)

• 6.4 Non-tires - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Non-tires - Market size and forecast 2022-2027 (MT)
• Exhibit 39: Data Table on Non-tires - Market size and forecast 2022-2027 (MT)
• Exhibit 40: Chart on Non-tires - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Non-tires - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application (MT)
• Exhibit 43: Data Table on Market opportunity by Application (MT)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 44: Chart on Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 Synthetic rubber - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Synthetic rubber - Market size and forecast 2022-2027 (MT)
• Exhibit 49: Data Table on Synthetic rubber - Market size and forecast 2022-2027 (MT)
• Exhibit 50: Chart on Synthetic rubber - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Synthetic rubber - Year-over-year growth 2022-2027 (%)

• 7.4 Natural rubber - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Natural rubber - Market size and forecast 2022-2027 (MT)
• Exhibit 53: Data Table on Natural rubber - Market size and forecast 2022-2027 (MT)
• Exhibit 54: Chart on Natural rubber - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Natural rubber - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 56: Market opportunity by Type (MT)
• Exhibit 57: Data Table on Market opportunity by Type (MT)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 (MT)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 (MT)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 (MT)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 (MT)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 (MT)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 (MT)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 (MT)
• Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (MT)
• Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 (MT)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 (MT)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 (MT)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 (MT)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 (MT)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 (MT)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027 
• Exhibit 91: Chart on India - Market size and forecast 2022-2027 (MT)
• Exhibit 92: Data Table on India - Market size and forecast 2022-2027 (MT)
• Exhibit 93: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 (MT)
• Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 (MT)
• Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Malaysia - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Malaysia - Market size and forecast 2022-2027 (MT)
• Exhibit 100: Data Table on Malaysia - Market size and forecast 2022-2027 (MT)
• Exhibit 101: Chart on Malaysia - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Malaysia - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography (MT)
• Exhibit 104: Market opportunity by geography (MT) - Volume

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Advance Multitech Ltd. 
• Exhibit 111: Advance Multitech Ltd. - Overview
• Exhibit 112: Advance Multitech Ltd. - Product / Service
• Exhibit 113: Advance Multitech Ltd. - Key offerings

• 12.4 Ansell Ltd.
• Exhibit 114: Ansell Ltd. - Overview
• Exhibit 115: Ansell Ltd. - Business segments
• Exhibit 116: Ansell Ltd. - Key news
• Exhibit 117: Ansell Ltd. - Key offerings
• Exhibit 118: Ansell Ltd. - Segment focus

• 12.5 Asahi Kasei Corp.
• Exhibit 119: Asahi Kasei Corp. - Overview
• Exhibit 120: Asahi Kasei Corp. - Business segments
• Exhibit 121: Asahi Kasei Corp. - Key news
• Exhibit 122: Asahi Kasei Corp. - Key offerings
• Exhibit 123: Asahi Kasei Corp. - Segment focus

• 12.6 Bridgestone Corp.
• Exhibit 124: Bridgestone Corp. - Overview
• Exhibit 125: Bridgestone Corp. - Business segments
• Exhibit 126: Bridgestone Corp. - Key news
• Exhibit 127: Bridgestone Corp. - Key offerings
• Exhibit 128: Bridgestone Corp. - Segment focus

• 12.7 China National Petroleum Corp. 
• Exhibit 129: China National Petroleum Corp. - Overview
• Exhibit 130: China National Petroleum Corp. - Product / Service
• Exhibit 131: China National Petroleum Corp. - Key offerings

• 12.8 Dow Inc.
• Exhibit 132: Dow Inc. - Overview
• Exhibit 133: Dow Inc. - Business segments
• Exhibit 134: Dow Inc. - Key news
• Exhibit 135: Dow Inc. - Key offerings
• Exhibit 136: Dow Inc. - Segment focus

• 12.9 Exxon Mobil Corp.
• Exhibit 137: Exxon Mobil Corp. - Overview
• Exhibit 138: Exxon Mobil Corp. - Business segments
• Exhibit 139: Exxon Mobil Corp. - Key news
• Exhibit 140: Exxon Mobil Corp. - Key offerings
• Exhibit 141: Exxon Mobil Corp. - Segment focus

• 12.10 Lanxess AG
• Exhibit 142: Lanxess AG - Overview
• Exhibit 143: Lanxess AG - Business segments
• Exhibit 144: Lanxess AG - Key offerings
• Exhibit 145: Lanxess AG - Segment focus

• 12.11 LG Electronics Inc.
• Exhibit 146: LG Electronics Inc. - Overview
• Exhibit 147: LG Electronics Inc. - Product / Service
• Exhibit 148: LG Electronics Inc. - Key offerings

• 12.12 Michelin Group
• Exhibit 149: Michelin Group - Overview
• Exhibit 150: Michelin Group - Business segments
• Exhibit 151: Michelin Group - Key news
• Exhibit 152: Michelin Group - Key offerings
• Exhibit 153: Michelin Group - Segment focus

• 12.13 NISHIKAWA RUBBER CO. LTD. 
• Exhibit 154: NISHIKAWA RUBBER CO. LTD. - Overview
• Exhibit 155: NISHIKAWA RUBBER CO. LTD. - Product / Service
• Exhibit 156: NISHIKAWA RUBBER CO. LTD. - Key offerings

• 12.14 Sri Trang Agro-Industry Plc 
• Exhibit 157: Sri Trang Agro-Industry Plc - Overview
• Exhibit 158: Sri Trang Agro-Industry Plc - Product / Service
• Exhibit 159: Sri Trang Agro-Industry Plc - Key offerings

• 12.15 Synthos SA
• Exhibit 160: Synthos SA - Overview
• Exhibit 161: Synthos SA - Product / Service
• Exhibit 162: Synthos SA - Key offerings

• 12.16 Thai Rubber Latex Group Public Co. Ltd. 
• Exhibit 163: Thai Rubber Latex Group Public Co. Ltd. - Overview
• Exhibit 164: Thai Rubber Latex Group Public Co. Ltd. - Product / Service
• Exhibit 165: Thai Rubber Latex Group Public Co. Ltd. - Key offerings

• 12.17 Eni S.p.A.
• Exhibit 166: Eni S.p.A. - Overview
• Exhibit 167: Eni S.p.A. - Business segments
• Exhibit 168: Eni S.p.A. - Key news
• Exhibit 169: Eni S.p.A. - Key offerings
• Exhibit 170: Eni S.p.A. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 13.5 List of abbreviations 
• Exhibit 177: List of abbreviations

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