India Elastomers Market Overview, 2030

The evolution of India’s elastomers market has been closely tied to its industrialization journey, with demand initially concentrated in basic applications before diversifying into high-performance and specialty segments. In the early decades, thermoset elastomers such as styrene-butadiene rubber (SBR) and butadiene rubber (BR) dominated, primarily supporting the domestic tire industry, which has historically been one of the largest consumers of elastomers in India. Nitrile butadiene rubber (NBR) and ethylene propylene diene monomer (EPDM) also established a strong presence in industrial seals, hoses, and automotive components, aligning with the expansion of the country’s automotive, oil refining, and infrastructure sectors. From the 1980s onward, India’s market began to diversify, with growing interest in specialty elastomers such as silicones for healthcare and electronics, and fluoro elastomers for chemical processing and aerospace, though much of the supply was import-dependent due to limited domestic production capabilities. The 1990s economic liberalization accelerated this evolution by attracting global automotive OEMs and electronics manufacturers, creating new demand for thermoplastic elastomers (TPEs). Styrenic block copolymers, thermoplastic volcanizes, and polyurethane-based elastomers gained traction, particularly in automotive interiors, consumer goods, and packaging, supported by rising middle-class consumption and export-oriented manufacturing. Over the past two decades, the Indian elastomers landscape has been further shaped by sustainability pressures, government policies promoting Make in India manufacturing, and increasing investment in local R&D and capacity-building for advanced materials. Today, the market follows a dual trajectory: traditional thermoset rubbers remain vital for tires, heavy-duty machinery, and energy applications, while TPEs and specialty elastomers are expanding rapidly, driven by growth in automotive lightweighting, medical devices, electronics, and renewable energy sectors, positioning India as a growing hub for diversified elastomer demand.

According to the research report ""India Elastomers Market Overview, 2030,"" published by Bonafide Research, the India Elastomers market is anticipated to grow at more than 9.03% CAGR from 2025 to 2030. India’s elastomer market is governed by a mix of industrial, environmental, and quality regulations. The Bureau of Indian Standards (BIS) sets product standards for rubber and elastomeric goods, especially for tires, automotive components, and construction materials. Environmental compliance falls under the Ministry of Environment, Forest and Climate Change (MoEFCC), which enforces waste management rules, emission standards, and restrictions on hazardous chemicals. The Rubber Board of India plays a significant role in supporting natural rubber cultivation and ensuring sustainable supply for the elastomer industry. Increasingly, global supply chain requirements, especially from automotive OEMs, are pushing Indian elastomer producers to comply with international certifications like ISO/TS 16949 (automotive quality standards), REACH, and RoHS. Sustainability is gaining importance as India grapples with waste tire disposal and industrial emissions. Initiatives in rubber recycling, pyrolysis oil extraction, and incorporation of reclaimed rubber in construction are gradually expanding. Additionally, India’s commitment to reduce carbon intensity by 45% by 2030 is leading to research into bio-based elastomers, energy-efficient production, and circular economy models. While enforcement challenges persist, regulatory tightening is creating incentives for organized players to modernize operations, invest in cleaner technologies, and align with global ESG standards, positioning India as a competitive but sustainable elastomer market.

In India, elastomer demand is dominated by the automotive and transportation sector, which consumes nearly 65% of elastomer output, primarily in tires, belts, gaskets, and seals. With rising vehicle ownership, EV adoption, and government infrastructure projects, this sector continues to be the growth engine. The building and construction industry is another significant consumer, using elastomers in adhesives, sealants, insulation, waterproof membranes, and flooring solutions, fueled by smart city and housing projects. The healthcare and medical segment is expanding rapidly, with silicone and thermoplastic elastomers being used in tubing, catheters, and disposable medical devices an area accelerated by post-pandemic healthcare investments. Consumer goods and lifestyle elastomers are utilized in footwear, sports equipment, and household products, reflecting India’s growing middle class. The electrical and electronics sector leverages elastomers for insulation, flexible housings, and protective applications, though growth is slower compared to China or Japan. Industrial and machinery applications include hoses, vibration isolators, and seals for heavy equipment and manufacturing plants. The packaging industry is seeing growing elastomer use in flexible, durable materials for food, e-commerce, and FMCG sectors. Finally, niche sectors like aerospace, defense, and energy especially renewable energy and oil & gas are beginning to adopt high-performance elastomers. Collectively, these industries ensure a broad demand base, with automotive, healthcare, and packaging showing the highest growth momentum over the next decade.

India’s elastomer market can be divided into thermoset elastomers and thermoplastic elastomers (TPEs). Thermoset elastomers, including natural rubber, styrene-butadiene rubber (SBR), butadiene rubber (BR), and ethylene-propylene-diene monomer (EPDM), dominate due to their widespread use in tire production, industrial goods, and infrastructure applications. Tire manufacturing alone accounts for nearly two-thirds of thermoset elastomer consumption, with companies like MRF, Apollo Tyres, and JK Tyre being major end-users. However, growth is shifting toward thermoplastic elastomers (TPEs), which are gaining traction due to their recyclability, lightweight properties, and ease of processing. TPEs such as styrenic block copolymers (SBCs), thermoplastic polyurethanes (TPUs), and thermoplastic vulcanizates (TPVs) are increasingly used in automotive interiors, medical devices, and consumer goods. The medical-grade TPE market in India is growing at double-digit rates, driven by healthcare and packaging applications. Furthermore, global automotive OEMs sourcing from India are encouraging suppliers to adopt more sustainable, high-performance TPEs. While thermosets will remain dominant in the near term due to India’s strong tire and infrastructure base, TPEs represent a fast-growing, high-value segment aligned with sustainability and innovation goals. Over time, the balance is expected to shift toward TPEs, especially in advanced automotive, healthcare, and consumer applications.

India utilizes a mix of natural elastomers and synthetic elastomers, with a unique advantage in natural rubber production. The country is the world’s sixth-largest producer of natural rubber, with plantations concentrated in Kerala, Tripura, and northeastern states, though domestic supply often lags demand, leading to imports from Thailand, Indonesia, and Vietnam. Natural rubber remains critical for tire and industrial applications, but India is increasingly emphasizing synthetic elastomers, given their higher performance and application diversity. Major synthetic elastomers include SBR, BR, nitrile rubber (NBR), EPDM, and silicone rubbers, produced by domestic firms such as Indian Synthetic Rubber Ltd (ISRL), Reliance Industries, and international joint ventures. Synthetic elastomers dominate in automotive, oil & gas, and industrial machinery sectors due to their resistance properties and durability. Recent research into bio-based elastomers and recycled rubber technologies is also accelerating, supported by government-backed innovation programs. However, the industry faces challenges in feedstock availability, as synthetic elastomer production depends on petrochemical intermediates, which are tied to crude oil imports. Generally, natural elastomers will continue to play a strong role due to India’s production base, but synthetic elastomers especially specialty and high-performance grades are expected to expand faster, reshaping the market over the next decade.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Elastomers Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By End-Use Industry
• Automotive & Transportation
• Building & Construction
• Healthcare & Medical
• Consumer Goods & Lifestyle
• Electrical & Electronics
• Industrial & Machinery
• Packaging
• Others(Aerospace & Defense, Energy & Oil & Gas, and more )

By Product Type
• Thermoset Elastomers
• Thermoplastic Elastomers (TPEs)

By Material Type
• Natural Elastomers
• Synthetic Elastomers Show more