Industrial Rubber Market Report 2026

The industrial rubber market size has grown strongly in recent years. It will grow from $47.04 billion in 2025 to $50.38 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to expansion of automotive manufacturing, growth in industrial machinery production, rising use of rubber components in construction, increased demand for fluid-resistant materials, availability of diverse rubber processing technologies.

The industrial rubber market size is expected to see strong growth in the next few years. It will grow to $65.32 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increasing adoption of sustainable and recycled rubber materials, rising demand from electric vehicle applications, expansion of infrastructure development projects, growing focus on performance-enhanced rubber products, increasing customization of rubber formulations. Major trends in the forecast period include increasing use of high-performance synthetic rubber, rising demand for application-specific rubber compounds, growing focus on durability and wear resistance, expansion of rubber use in automotive and infrastructure, enhanced quality control in rubber processing.

The expansion of the automotive industry is anticipated to drive the growth of the industrial rubber market in the coming years. The automotive industry includes sectors engaged in the manufacturing, wholesaling, retailing, and servicing of automobiles. Improvements in living standards and economic expansion have enhanced consumer purchasing power. Additionally, the economic impact of COVID-19 led to a significant surge in global demand for personal mobility. Moreover, climate change concerns and the pursuit of net-zero emissions are accelerating the worldwide transition toward emission-free transportation, resulting in increased adoption and production of electric and hybrid vehicles. This rise in automotive demand has contributed to higher production levels and greater demand for industrial rubber, which is extensively used in various vehicle interior and exterior components. For instance, in March 2025, according to a report published by the European Automobile Manufacturers' Association (ACEA), a Belgium-based organization representing Europe’s major car, truck, van, and bus manufacturers, global car sales reached 74.6 million units in 2024, reflecting a 2.5% increase compared with 2023. This year-over-year growth highlights the resilience of the automotive industry and its capacity to recover amid challenging economic conditions. Therefore, the growth of the automotive industry is driving the industrial rubber market.

Prominent players within the industrial rubber market are directing their focus towards pioneering products like industrial rubber tracks to drive revenue growth. These tracks, consisting of continuous rubber and steel belts, find application across various tracked vehicles like bulldozers, excavators, and tractors. Notably, in April 2023, Balkrishna Industries Limited, an Indian tire manufacturer, introduced the Multiforce BK T91. Featuring an aggressive C-shaped tread pattern with numerous edges, this product offers exceptional traction on diverse terrains, both on and off-road, encompassing surfaces like sand, gravel, clay, and mud. Rubber tracks have proven highly beneficial, enhancing vehicle and machinery mobility and stability in challenging environments. The Multiforce BK T91 stands out as an ideal solution, providing heightened resistance against cuts, tears, and abrasions that significantly impact product performance and durability. Its tread is crafted from a high-performance compound, ensuring optimal performance.

In May 2023, AFC Industries, a US-based company specializing in industrial solutions, acquired EAP International Limited for an undisclosed amount. This strategic acquisition aims to enhance AFC Industries' service delivery in the U.K. by leveraging synergies, expanding market presence, and providing local access to high-quality rubber sealing products for manufacturers. EAP International, a UK-based manufacturing company, is recognized for its expertise in rubber sealing products within the industrial sector. This move is expected to strengthen AFC Industries' position in the market and improve its overall service offerings.

Major companies operating in the industrial rubber market are LANXESS AG, JSR Corporation, Zeon Corporation, Kumho Petrochemical Co Ltd, Taiwan Synthetic Rubber Corporation, Trinseo SA, Asahi Kasei Corporation, Exxon Mobil Corporation, LG Chem Ltd, Mitsubishi Chemical Corporation, Shin Etsu Chemical Co Ltd, Continental AG, Trelleborg AB, Cooper Standard Holdings Inc, The Gates Corporation, Parker Hannifin Corporation, NOK Corporation, Sumitomo Riko Company Limited, Bridgestone Corporation, The Yokohama Rubber Co Ltd, Toyo Tire Corporation, Pirelli C SpA.

Asia-Pacific was the largest region in the industrial rubber market share in 2025. The regions covered in the industrial rubber market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial rubber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial rubber market consists of sales of hand gloves, industrial footwear, waterproof bags, door stoppers. 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.

This product will be delivered within 1-3 business days.