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Rubber Compound Market

Rubber Compound Market

Rubber Compound Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

144

Base Year:

2021

Date

Aug - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1770

Segments Covered
  • By Product Type Natural Rubber, Synthetic Rubber
  • By Processing Method Injection Molding, Compression Molding, Extrusion, Other Processing Methods
  • By End User Automotive & Transportation, Building & Construction, Industrial Machinery & Equipment, Other End Users
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 8,182.3 Million
Revenue 2028Revenue 2028: USD 1,2698.4 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 7.6%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Rubber Compound Market Share

Market Synopsis:

The Global Rubber Compound Market was valued at USD 8,182.3 Million in 2021 and is expected to reach a value of USD 1,2698.4 Million by 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.6% over the forecast period.

The completed rubber material generated by processing a combination of raw rubber, fillers, and other chemicals is referred to as a rubber compound. A certain amount of chemicals are used to meet the given performance required. These chemicals include polymers, fillers, antioxidants, etc. The compound rubber is mainly used in manufacturing tires and seats for automotive vehicles. It aids in providing abrasion resistance, chemical and grease, excellent resistance to petroleum and oil, hot and cold temperature sustainability, high tear strength, and ozone resistance to the automotive rubber parts. During the forecast period, the Rubber Compound Market is predicted to grow at an attractive rate due to technical advancements and application-specific breakthroughs. Rubber Compound Market participants are aligning their operational models to the new normal by shifting toward the digitalization of operations and adapting to rising robotic automation and artificial intelligence technologies.

Rubber Compound Market Size, 2021 To 2028 (USD Million)

Market Segmentation:

The Rubber Compound is segmented on the basis of Product Type, Processing Method, End- User, and Region. Based on the segment Product Type, the market is sub-segmented into Natural Rubber and Synthetic Rubber. Furthermore, based on Processing Method, the market is sub-segmented as Injection Molding, Compression Molding, Extrusion, and Other Processing Methods. Finally, based on the segment End-User, the market is sub-segmented as Automotive & Transportation, Building & Construction, Industrial Machinery & Equipment, and Other End Use.

Below tree is interactive. You can click the nodes to get more information.

Based on Product Type:

Based on Product Type, the market is sub-segmented into Natural Rubber and Synthetic Rubber. Natural Rubber comprises polymers of organic compounds such as isoprene derived from latex, rubber trees, and other plants. On the other hand, Synthetic Rubber is an elastomer created by the polymerization of unsaturated hydrocarbons derived from petroleum byproducts made in the petrochemical sector. Tires are the most common industrial rubber product. The worldwide industrial rubber market is predicted to expand significantly due to increased rubber usage in the tire manufacturing industry. Industrial rubber is primarily used to manufacture tires for bicycles, lorries, airplanes, and automobiles. However, industrial rubber is also used in various other industrial applications such as conveyor belts, hoses, sealing goods, and gaskets, which comprise a variety of items such as the floor, wall coverings, vibration control products, etc.

Based on Processing Method:

Based on Processing Method, the market is sub-segmented into Injection Molding, Compression Molding, and Extrusion. Rubber Injection molding effectively modifies the plastics process by heating the rubber and applying substantially higher pressure per square inch of cavity surface. This contrasts with the plastic Injection Molding method, in which materials are cooled under lower pressure. On the other hand, Compression Molding is a method that includes taking a Rubber Compound or mixed raw material and forming "pre-forms" in the basic shape of the finished product. The pre-forms offer an excess of material to be put in the cavity, ensuring complete cavity fill.

Based on End-User:

Based on End- User, the market is sub-segmented as Automotive & Transportation, Building & Construction, Industrial Machinery & Equipment, and others. Over the projected period, the Automotive & Transportation sub-segment will likely be the most appealing category in the global industrial rubber market. Because of the rising usage of industrial rubber in conveyor belts and other belting applications in agricultural and construction machines, the Industrial Machinery & Equipment segment is expected to generate significant additional potential over the projected period. It is used as a polymer mortar to improve its bonding and waterproofing qualities in building and construction work. It is also directly used in concrete for making polymer concrete. Furthermore, rubber tiles are used for resilient floors, which are made from natural and synthetic rubber as the primary ingredient.

Asia Pacific is Projected to Grow at the Highest CAGR during the Forecast Period

The Asia Pacific is expected to lead the Rubber Compound market share because of the exceeding demand for high-end materials from China. Furthermore, evolving consumer preferences and rising spending habits will bolster the need for the product. In North America, several emerging industries and increasing car sales would boost rubber compound's adoption. In addition, the developed economy and manufacturing infrastructure shall foster market growth Rubber Compound.

Competitive Landscape:

The key players in the Global Rubber Compound Market include- Bridgestone Corporation, Goodyear Tire & Rubber Corporation, Bando Chemical Industries Ltd, Trelleborg AB, Eaton Corporation PLC, Continental AG, Yokohama Rubber Company Ltd., Parker-Hannifin Corporation, Carlisle Companies Inc., Nichirin Co. Ltd. and others.

Segmentation of the Global Rubber Compound Market:

Parameter Details
Segments Covered
  • Product Type (Natural Rubber, Synthetic Rubber)
  • Processing Method (Injection Molding, Compression Molding, Extrusion, Other Processing Methods)
  • End User (Automotive & Transportation, Building & Construction, Industrial Machinery & Equipment, Other End Users)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Bridgestone Corporation
  • Goodyear Tire & Rubber Corporation
  • Bando Chemical Industries Ltd
  • Trelleborg AB
  • Eaton Corporation PLC
  • Continental AG
  • Yokohama Rubber Company Ltd.
  • Parker-Hannifin Corporation
  • Carlisle Companies Inc.
  • Nichirin Co. Ltd.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Rubber Compound Market to Reach Valuation of USD 1,2698.4 Million by 2028 – Increasing Applications in the Automotive Industry and Growing Industrial Sector Drives the Market
The finished rubber material produced by processing a mixture of raw rubber, fillers, and other chemicals is referred to as a Rubber Compound Market. To achieve the specified set of performance requirements, chemicals are utilized to improve the qualities of raw rubber. In different concentrations, ...
FAQ
Frequently Asked Question
  • The global Rubber Compound valued at USD 8,182.3 Million in 2020 and is expected to reach USD 1,2698.4 Million in 2028 growing at a CAGR of 7.6%.

  • The prominent players in the market are Bridgestone Corporation, Goodyear Tire & Rubber Corporation, Bando Chemical Industries Ltd, Trelleborg AB, Eaton Corporation PLC, Continental AG, Yokohama Rubber Company Ltd., Parker-Hannifin Corporation, Carlisle Companies Inc., Nichirin Co. Ltd..

  • The market is project to grow at a CAGR of 7.6% between 2021 and 2028.

  • The driving factors of the Rubber Compound include

    • Growing demand from automotive industry

  • Asia Pacific was the leading regional segment of the Rubber Compound in 2020.