Rubber Products Market Report 2025

The rubber products market size has grown strongly in recent years. It will grow from $400.43 billion in 2024 to $428.95 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to automotive industry growth, industrialization and manufacturing, tire industry evolution, consumer goods manufacturing, healthcare sector growth, elasticity and versatility of rubber.

The rubber products market size is expected to see strong growth in the next few years. It will grow to $544.5 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to focus on sustainable and recyclable materials, smart and intelligent rubber products, infrastructure investments, renewable energy sector growth, advanced sealing solutions. Major trends in the forecast period include smart rubber technologies, customized rubber solutions, rubber recycling, 3D printing of rubber components, innovations in rubber formulations.

The growth in automotive production is anticipated to drive the rubber products market forward. Automotive production encompasses the manufacturing of various vehicles, including cars, trucks, buses, and motorcycles. This increase in production is attributed to heightened global demand, urbanization, advancements in technology, government incentives, and better infrastructure. Rubber products are integral to automotive production, utilized in tires, seals, hoses, suspension components, interior parts, electrical insulation, and vibration dampening, all of which contribute to enhanced performance, safety, and comfort. For example, in May 2023, the European Automobile Manufacturers Association, a trade association based in Belgium, reported that global motor vehicle production reached 85.4 million units in 2022, marking a 5.7% rise from 2021. Consequently, the growth in automotive production is propelling the rubber products market.

The expansion of the construction and infrastructure sectors significantly contributes to the increasing demand for the rubber products market. These sectors encompass industries engaged in the building and maintenance of the physical structures and systems that support modern society. Rubber products, including seals, gaskets, and waterproof membranes, are vital in construction for creating watertight and airtight seals, which help prevent water infiltration, air leakage, and damage to buildings and structures. For instance, in July 2024, the US Census Bureau, a government agency in the United States, reported that the value of construction operations rose from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the growth of the construction and infrastructure sectors is driving the rubber products market's expansion.

Major companies in the rubber products market are prioritizing the development of sustainable and eco-friendly rubber solutions, such as traceable natural rubber, to meet the increasing demand for transparency and sustainability in supply chains. Traceable natural rubber refers to rubber whose supply chain can be monitored from its source - typically a rubber tree plantation - through each stage of processing and manufacturing until it becomes the final product. For example, in March 2024, Sri Trang Group, a Thailand-based engineering services firm, launched its traceable natural rubber program (GPS), which aims to enhance sustainability and comply with global traceability standards, particularly in light of the European Union Deforestation-Free Regulation (EUDR). This initiative offers 100% backward traceability for natural rubber, allowing products to be traced back to their specific plantations and owners. Sri Trang plans to register 100,000 rubber farmers and traders by the end of 2024, with an expansion target of 220,000 by 2025, utilizing advanced tools like the Sri Trang Friends app to connect stakeholders throughout the supply chain.

Leading companies in the rubber products market are strategically focusing on the development of sustainable and environmentally friendly rubber tires to establish a robust market position. In July 2023, Schwalbe Tires, a Germany-based manufacturer of pneumatic tires for bicycles and wheelchairs, introduced Green Marathon, a tire crafted from 100% recycled black rubber. Green Marathon tires are made from 100% recycled rubber sourced from used bike, car, and truck tires. With 70% recycled and renewable materials, including recycled steel, this innovative tire significantly reduces the use of new rubber, resulting in a tire that is 98% pollutant-free. Green Marathon tires produce 34% fewer emissions than Schwalbe's previous best-seller, the Marathon tire. Schwalbe aims to further enhance emission reduction by an additional 10% in the upcoming year through refining recycling methods.

In January 2024, The Rubber Group, a manufacturing company based in the US, acquired Cooper Products Inc. for an undisclosed sum. This acquisition is intended to enhance Rubber Group's manufacturing capabilities and product offerings in custom-molded rubber components, improving operational capacity, technical resources, and customer service, while also leveraging shared expertise to boost market value. Cooper Products Inc. specializes in the production of custom bearing seals and precision-molded rubber products in the US.

Major companies operating in the rubber products market include U.S. Rubber Supply Co., KA-Glove, Allstates Rubber & Tool Corp., Continental AG, Bridgestone Corporation, The Michelin Group, The Goodyear Tire & Rubber Company, GRT Rubber Technologies, Quick Cut Gasket & Rubber Corp., Yokohama Rubber Company Ltd., Hankook Tire & Rubber Co. Ltd., Toyota Tsusho Corp., Pirelli & C SpA, Trelleborg AB, Toyo Tire & Rubber Co. Ltd., Sri Trang Agro-Industry plc, Cooper Tire & Rubber Company, Southland Global, Myers Industries Inc., Alliance Rubber, HBD Industries Inc., Sumitomo Rubber Group, Ceyenar Chemicals, Thai Hua Rubber PCL, Goodyear Rubber Company of Southern California, Soucy Baron Inc., Redwood Plastics and Rubber, THAI RUBBER LATEX GROUP PUBLIC COMPANY LIMITED, Duratuf Products Private Limited, Von Bundit Co. Ltd., Rolex Reclaim Pvt. Ltd., AirBoss Rubber Solutions,

Asia-Pacific was the largest region in the rubber products market in 2024. North America was the second largest region in the rubber products market. The regions covered in the rubber products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the rubber products market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.

Rubber products encompass a diverse range of items crafted from a flexible material that can undergo vulcanization and shaping for various applications. These products are typically derived from the latex sap of trees, particularly those belonging to the genera Hevea and Ficus. The applications of rubber products extend to the manufacturing of tires and retreading, rubber hoses and belting, rubber sealants, and various other goods with uses in both domestic and industrial settings.

The primary categories of rubber products include tires, hoses and belting, and miscellaneous rubber items. Tires, also referred to as tyres, are circular components that encase the rim of a wheel, supporting a vehicle's weight from the axle to the ground while ensuring traction on the surface over which the wheel travels. These rubber products undergo diverse manufacturing processes such as molding, extrusion, fabrication, latex-based methods, and others. The utilization of rubber products spans across different sectors, including construction and infrastructure, automotive, electrical and electronics, and various other industries.

The rubber products market research report is one of a series of new reports that provides rubber products market statistics, including rubber products industry global market size, regional shares, competitors with a rubber products market share, detailed rubber products market segments, market trends and opportunities, and any further data you may need to thrive in the rubber products industry. This rubber products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The rubber products market consists of sales of pacifiers, clothes, mastication, tapping, and compression. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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