Global Rubber Market, By Type (Natural Rubber, Synthetic Rubber), By Application (Tire, Non-Tire Automotive, Footwear, Industrial Goods, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)Trend
Description
Global Rubber Market, By Type (Natural Rubber, Synthetic Rubber), By Application (Tire, Non-Tire Automotive, Footwear, Industrial Goods, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Global Rubber Market to Reach USD 50 Billion by 2028
The global rubber market is growing on account of the expanding production of automobiles, increasing demand for tires and other automotive parts along with increasing use of rubber in the production of non-industrial goods such as cooking spatulas, shower mats, etc…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global rubber market was worth USD 36.5 billion in the year 2021 and is projected to surpass USD 50 billion by 2028. The global rubber market is flourishing at a high rate owing to the expanding production of automobiles, propelling demand for tires and other automotive parts such as shock absorbers, protective pads, etc. Furthermore, the expanding use of rubber in the production of non-industrial goods such as cooking spatulas, shower mats, dishwashing gloves, etc. However, the negative impact of synthetic rubber on the environment may act as a huge restraining factor for the growth of the global rubber market growth.
Rising Demand for Medical Products is Propelling Global Rubber Market
The increasing prevalence of various acute and chronic diseases along with rising demand for surgical procedures and treatment is propelling the demand for medical devices and equipment and other products. Several of these medical products such as surgical gloves, tubes, stoppers, condoms, breathing bags, prosthetics, implants, catheters, etc., are made of rubber. The demand for surgical gloves registered a tremendous surge post the COVID-19 period, due to which the demand for rubber also surged, propelling the overall market growth.
Global Rubber Market - By Application
Based on application, the global rubber market is segmented into the tire, non-tire automotive, footwear, industrial goods, and others. The tire segment accounts for the largest market share. The expanding tire production owing to the rising demand for automobiles worldwide acts as a major driving factor for the increasing demand for rubber. The leading tire manufacturers are significantly investing in expanding their production and establishing their manufacturing plants in new geographical locations to boost their market presence, which is anticipated to fuel the growth of the global rubber market in the forecast period.
Global Rubber Market - Regional Insights
Geographically, the global rubber market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific region dominates the global rubber market. However, North America also covers a substantial market share owing to the prominent automotive industry in this region. The rapid technological advancements and expanding domestic production of automotive parts are acting as the major driving factors for this region. Europe is also estimated to register significant growth during the forecast period.
Impact of COVID-19 on Global Rubber Market
The unprecedented COVID-19 pandemic outbreak tremendously halted the growth of the global rubber market. This is mainly due to the disruptions in the manufacturing and supply chains of the end-user industries including tires, automotive, footwear, industrial goods, etc. Furthermore, several countries including China, India, Brazil, etc., imposed a complete nationwide lockdown due to which production and processing of rubber were also hindered during this period. However, the demand for latex rubber registered significant growth owing to the spike in demand for medical products such as surgical gloves and PPE kits.
Competitive Landscape
The leading market players of the global rubber market are ARLANXEO, Unitex Rubber, Kumho Petrochemical Co. Ltd., Halycon Agri, PetroChina, Ravasco, TSRC Corporation, Tong Thai Rubber Group, LG Chem, Sinopec, ZEON Corporation, Goodyear Tire, and Rubber Company, Versalis S.p.A., Nizhnekamskneftekhim, Sri Trang Agro-Industry, Indolatex Jaya Abadi, Tradewinds Plantation Berhad, Yunnan Goshen Rubber, Kuala Lumpur Kepong Berhad, Sinochem International, Guangdong Guangken Rubber, and other prominent players.
The market is highly competitive and fragmented with the presence of several industry participants. The companies significantly invest towards expanding their production capacities and establish their presence in new markets to expand their boost. They also focus on improving their distribution channel, which is favoring the growth of the market. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
Don’t miss the business opportunity of the global rubber market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global rubber market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global rubber market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Global Rubber Market to Reach USD 50 Billion by 2028
The global rubber market is growing on account of the expanding production of automobiles, increasing demand for tires and other automotive parts along with increasing use of rubber in the production of non-industrial goods such as cooking spatulas, shower mats, etc…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global rubber market was worth USD 36.5 billion in the year 2021 and is projected to surpass USD 50 billion by 2028. The global rubber market is flourishing at a high rate owing to the expanding production of automobiles, propelling demand for tires and other automotive parts such as shock absorbers, protective pads, etc. Furthermore, the expanding use of rubber in the production of non-industrial goods such as cooking spatulas, shower mats, dishwashing gloves, etc. However, the negative impact of synthetic rubber on the environment may act as a huge restraining factor for the growth of the global rubber market growth.
Rising Demand for Medical Products is Propelling Global Rubber Market
The increasing prevalence of various acute and chronic diseases along with rising demand for surgical procedures and treatment is propelling the demand for medical devices and equipment and other products. Several of these medical products such as surgical gloves, tubes, stoppers, condoms, breathing bags, prosthetics, implants, catheters, etc., are made of rubber. The demand for surgical gloves registered a tremendous surge post the COVID-19 period, due to which the demand for rubber also surged, propelling the overall market growth.
Global Rubber Market - By Application
Based on application, the global rubber market is segmented into the tire, non-tire automotive, footwear, industrial goods, and others. The tire segment accounts for the largest market share. The expanding tire production owing to the rising demand for automobiles worldwide acts as a major driving factor for the increasing demand for rubber. The leading tire manufacturers are significantly investing in expanding their production and establishing their manufacturing plants in new geographical locations to boost their market presence, which is anticipated to fuel the growth of the global rubber market in the forecast period.
Global Rubber Market - Regional Insights
Geographically, the global rubber market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific region dominates the global rubber market. However, North America also covers a substantial market share owing to the prominent automotive industry in this region. The rapid technological advancements and expanding domestic production of automotive parts are acting as the major driving factors for this region. Europe is also estimated to register significant growth during the forecast period.
Impact of COVID-19 on Global Rubber Market
The unprecedented COVID-19 pandemic outbreak tremendously halted the growth of the global rubber market. This is mainly due to the disruptions in the manufacturing and supply chains of the end-user industries including tires, automotive, footwear, industrial goods, etc. Furthermore, several countries including China, India, Brazil, etc., imposed a complete nationwide lockdown due to which production and processing of rubber were also hindered during this period. However, the demand for latex rubber registered significant growth owing to the spike in demand for medical products such as surgical gloves and PPE kits.
Competitive Landscape
The leading market players of the global rubber market are ARLANXEO, Unitex Rubber, Kumho Petrochemical Co. Ltd., Halycon Agri, PetroChina, Ravasco, TSRC Corporation, Tong Thai Rubber Group, LG Chem, Sinopec, ZEON Corporation, Goodyear Tire, and Rubber Company, Versalis S.p.A., Nizhnekamskneftekhim, Sri Trang Agro-Industry, Indolatex Jaya Abadi, Tradewinds Plantation Berhad, Yunnan Goshen Rubber, Kuala Lumpur Kepong Berhad, Sinochem International, Guangdong Guangken Rubber, and other prominent players.
The market is highly competitive and fragmented with the presence of several industry participants. The companies significantly invest towards expanding their production capacities and establish their presence in new markets to expand their boost. They also focus on improving their distribution channel, which is favoring the growth of the market. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
Don’t miss the business opportunity of the global rubber market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global rubber market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global rubber market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Table of Contents
189 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
- 3. Executive Summary
- 4. Global Rubber Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter’s Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
- 5. Global Rubber Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Natural
- 5.2.1.2. Synthetic
- 5.2.2. By Application
- 5.2.2.1. Tire
- 5.2.2.2. Non-Tire
- 5.2.2.3. Automotive
- 5.2.2.4. Footwear
- 5.2.2.5. Industrial Goods
- 5.2.2.6. Others
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. The Asia Pacific
- 5.2.3.4. Latin America
- 5.2.3.5. The Middle East and Africa
- 6. North America Rubber Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By Country
- 6.2.3.1. United States
- 6.2.3.2. Canada
- 7. Europe Rubber Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By Country
- 7.2.3.1. Germany
- 7.2.3.2. United Kingdom
- 7.2.3.3. Italy
- 7.2.3.4. France
- 7.2.3.5. Spain
- 7.2.3.6. Rest of Europe
- 8. The Asia Pacific Rubber Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Country
- 8.2.3.1. China
- 8.2.3.2. India
- 8.2.3.3. Japan
- 8.2.3.4. South Korea
- 8.2.3.5. Rest of Asia Pacific
- 9. Latin America Rubber Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Country
- 9.2.3.1. Brazil
- 9.2.3.2. Mexico
- 9.2.3.3. Rest of Latin America
- 10. The Middle East & Africa Rubber Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Application
- 10.2.3. By Country
- 10.2.3.1. Saudi Arabia
- 10.2.3.2. UAE
- 10.2.3.3. South Africa
- 10.2.3.4. Rest of Middle East & Africa
- 11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
- 12. Impact of COVID-19 on Global Rubber Market Industry
- 13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. APRANXEO
- 13.2. Kumho Petrochemical Co. Ltd.
- 13.3. PetroChina
- 13.4. TSRC Corporation
- 13.5. Versalis
- 13.6. Dow Chemical Company
- 13.7. Sri Trang Agro Industry
- 13.8. South Land Holding Lonza
- 13.9. Vietnam Rubber Group
- 13.10. Ravasco
- 13.11. Halcyon Agri
- 13.12. Unitex Rubber
- 13.13. Other Prominent Players
- 14. Key Strategic Recommendations
- *Financial information in case of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1 Global Rubber Segmentation
- Figure 2 Global Rubber Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Global Rubber Market Size, By Value (USD Million), 2018-2028
- Figure 5 Global Rubber Market Share, By Type, By Value, 2018-2028
- Figure 6 Global Rubber Market Share, By Application, By Value, 2018-2028
- Figure 7 Global Rubber Market Share, By Region, By Value, 2018-2028
- Figure 8 North America Rubber Market Size, By Value (USD Million), 2018-2028
- Figure 9 North America Rubber Market Share, By Type, By Value, 2018-2028
- Figure 10 North America Rubber Market Share, By Application, By Value, 2018-2028
- Figure 11 North America Rubber Market Share, By Country, By Value, 2018-2028
- Figure 12 Europe Rubber Market Size, By Value (USD Million), 2018-2028
- Figure 13 Europe Rubber Market Share, By Type, By Value, 2018-2028
- Figure 14 Europe Rubber Market Share, By Application, By Value, 2018-2028
- Figure 15 Europe Rubber Market Share, By Country, By Value, 2018-2028
- Figure 16 The Asia-Pacific Rubber Market Size, By Value (USD Million), 2018-2028
- Figure 17 The Asia-Pacific Rubber Market Share, By Type, By Value, 2018-2028
- Figure 18 The Asia-Pacific Rubber Market Share, By Application, By Value, 2018-2028
- Figure 19 The Asia-Pacific Rubber Market Share, By Country, By Value, 2018-2028
- Figure 20 Latin America Rubber Market Size, By Value (USD Million), 2018-2028
- Figure 21 Latin America Rubber Market Share, By Type, By Value, 2018-2028
- Figure 22 Latin America Rubber Market Share, By Application, By Value, 2018-2028
- Figure 23 Latin America Rubber Market Share, By Country, By Value, 2018-2028
- Figure 24 The Middle East & Africa Rubber Market Size, By Value (USD Million), 2018-2028
- Figure 25 The Middle East & Africa Rubber Market Share, By Type, By Value, 2018-2028
- Figure 26 The Middle East & Africa Rubber Market Share, By Application, By Value, 2018-2028
- Figure 27 The Middle East & Africa Rubber Market Share, By Country, By Value, 2018-2028
- List of Table
- Table 1 Global Rubber Market Size, By Type, By Value, 2018-2028
- Table 2 Global Rubber Market Size, By Application, By Value, 2018-2028
- Table 3 Global Rubber Market Size, By Region, By Value, 2018-2028
- Table 4 North America Rubber Market Size, By Type, By Value, 2018-2028
- Table 5 North America Rubber Market Size, By Application, By Value, 2018-2028
- Table 6 North America Rubber Market Size, By Country, By Value, 2018-2028
- Table 7 Europe Rubber Market Size, By Type, By Value, 2018-2028
- Table 8 Europe Rubber Market Size, By Application, By Value, 2018-2028
- Table 9 Europe Rubber Market Size, By Country, By Value, 2018-2028
- Table 10 The Asia-Pacific Rubber Market Size, By Type, By Value, 2018-2028
- Table 11 The Asia-Pacific Rubber Market Size, By Application, By Value, 2018-2028
- Table 12 The Asia-Pacific Rubber Market Size, By Country, By Value, 2018-2028
- Table 13 Latin America Rubber Market Size, By Type, By Value, 2018-2028
- Table 14 Latin America Rubber Market Size, By Application, By Value, 2018-2028
- Table 15 Latin America Rubber Market Size, By Country, By Value, 2018-2028
- Table 16 The Middle East & Africa Rubber Market Size, By Type, By Value, 2018-2028
- Table 17 The Middle East & Africa Rubber Market Size, By Application, By Value, 2018-2028
- Table 18 The Middle East & Africa Rubber Market Size, By Country, By Value, 2018-2028
- Table 19 APRANXEO Company Overview
- Table 20 APRANXEO. Financial Overview
- Table 21 Kumho Petrochemical Co. Ltd. Company Overview
- Table 22 Kumho Petrochemical Co. Ltd. Financial Overview
- Table 23 PetroChina Corporation Company Overview
- Table 24 PetroChina Financial Overview
- Table 25 TSRC Corporation Company Overview
- Table 26 TSRC Corporation Financial Overview
- Table 27 Versalis Company Overview
- Table 28 Versalis Financial Overview
- Table 29 Dow Chemical Company Overview
- Table 30 Dow Chemical Financial Overview
- Table 31 Sri Trang Agro Industry Company Overview
- Table 32 Sri Trang Agro Industry Overview
- Table 33 South Land Holding Lonza Company Overview
- Table 34 South Land Holding Lonza Financial Overview
- Table 35 Vietnam Rubber Group. Company Overview
- Table 36 Vietnam Rubber Group Financial Overview
- Table 37 Ravasco Company Overview
- Table 38 Ravasco Financial Overview
- Table 39 Halcyon Agri. Company Overview
- Table 40 Halcyon Agri. Financial Overview
- Table 41 Unitex Rubber. Company Overview
- Table 42 Unitex Rubber . Financial Overview
Pricing
Currency Rates
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