Global Industrial Rubber Market Insights, Forecast to 2028

Rubber refers to elastomeric compounds that consist of various monomer units forming polymers that are heat cured (vulcanized). Polymers are long molecular chains that are connected together (cross-linked) to improve their toughness and resilience. Rubber industry is more than 100 years old. Industrial rubber industry is dominated by one major product tires.
Market Analysis and Insights: Global Industrial Rubber Market
Due to the COVID-19 pandemic, the global Industrial Rubber market size is estimated to be worth US$ 25500 million in 2022 and is forecast to a readjusted size of US$ 31350 million by 2028 with a CAGR of 3.5% during the review period. Fully considering the economic change by this health crisis, Natural Rubber accounting for % of the Industrial Rubber global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Automotive segment is altered to an % CAGR throughout this forecast period.
The use of industrial rubber in the automotive, building & construction, and other applications is expected to increase in the Asia Pacific region, followed by South America and the Middle East & Africa regions over the next 5 years. This growth in the use of the industrial rubber can be attributed to the increasing population and the growing disposable income in these regions. Based on type, the synthetic rubber segment is expected to grow at the highest CAGR between 2017 and 2022, in terms of value.
In terms of production side, this report researches the Industrial Rubber capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Industrial Rubber by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Industrial Rubber Scope and Segment
Industrial Rubber market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Industrial Rubber market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Segment by Type
Natural Rubber
Synthetic Rubber

Segment by Application
Automotive
Building & Construction
Industrial Manufacturing
Electrical & Electronics
Coating, Sealant, & Adhesive
Medical & Healthcare
Others

By Company
Lanxess
Sinopec
Goodyear
Kumho Petrochemical
TSRC
Nizhnekamskneftekhim
JSR
LG Chem
Versalis
Zeon
Petrochina
Exxonmobil
Sibur
Group Dynasol
Kraton Corporation
Synthos
Trinseo
Asahi Kasei Advance
American Synthetic Rubber Company
Lion
Firestone Polymers
Indian Synthetic Rubber Private Limited
Rishiroop
UBE
Tosoh
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E