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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Rubber Compound Market size was valued at US$ 8.20 billion in 2023 and is expected to reach a value of US$ 14.91 billion by 2030, and is poised to grow at a CAGR 6.9% from 2024-2030. The global market provides a detailed overview of the market and that can be segmented by type and application. By type, the market has been segmented into silicone rubber, fluoro rubber, butyronitrile rubber, EPDM rubber and chloroprene rubber. The butyronitrile rubber segment is likely to be the largest and fastest-growing segment in terms of type. Based on application, the rubber compound market is segmented into transportation analytics , construction, medical, consumer goods, and automotive. Among these, the transportation segment is expected to have the fastest-growing market during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
6.9%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The consumption of rubber in the tyre manufacturing business, expansion of the market quickly in response to rising demand from the automobile industry and using industrial rubber more frequently in conveyor belts and other belting applications in agriculture and construction machinery are some key factors fueling the market growth.
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period due to the rapidly expanding automobile industry, rising spending patterns and changing consumer tastes. North America held considerable market share during the estimated period owing to the development of numerous sectors and rising auto sales would accelerate the utilization of rubber compounds. The market will expand as a result of the developed economy and manufacturing infrastructure.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 8.20 billion |
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Market Size in 2030 |
US$ 14.91 billion |
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Market CAGR |
6.9% |
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By Type |
|
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By Application |
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By Region |
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The global rubber compound market size was valued at US$ 8.20 billion in 2023 and is projected to grow at a CAGR of 6.9% from 2024 to 2030.
The major players in the global rubber compound market are Goodyear, ContiTech AG, Fenner, Bridgestone, Cobra Group, Zhejiang Double Arrow, Shandong Aneng, LUTZE, Polycomp and Soucy Group.
Asia Pacific is the fastest-growing region for rubber compound market
| 1. Executive Summary |
| 2. Global Rubber Compound Market Introduction |
| 2.1. Global Rubber Compound Market Taxonomy |
| 2.2. Global Rubber Compound Market Definitions |
| 2.2.1. Type |
| 2.2.2. Application |
| 2.2.3. Region |
| 3. Global Rubber Compound Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Rubber Compound Market Dynamic Factors - Impact Analysis |
| 3.6. Global Rubber Compound Market – Competition Landscape |
| 3.7. Epidemiology Data |
| 4. Global Rubber Compound Market Analysis, 2019-2030 and Forecast, 2024-2030 |
| 4.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Rubber Compound Market, Type, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1. Silicone Rubber |
| 5.1.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Fluoro Rubber |
| 5.2.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Butyronitrile Rubber |
| 5.3.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. EPDM Rubber |
| 5.4.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Chloroprene Rubber |
| 5.5.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Rubber Compound Market, Application, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1. Transportation |
| 6.1.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Construction |
| 6.2.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Medical |
| 6.3.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Consumer Goods |
| 6.4.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Automotive |
| 6.5.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Rubber Compound Market Forecast, Region, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Rubber Compound Market - Opportunity Analysis Index, Type, Resin, Application, and Region, 2024-2030 |
| 8. North America Rubber Compound Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.1. Type Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Silicone Rubber |
| 8.1.2. Fluoro Rubber |
| 8.1.3. Butyronitrile Rubber |
| 8.1.4. EPDM Rubber |
| 8.1.5. Chloroprene Rubber |
| 8.2. Application Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Transportation |
| 8.2.2. Construction |
| 8.2.3. Medical |
| 8.2.4. Consumer Goods |
| 8.2.5. Automotive |
| 8.3. Country Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. U.S. |
| 8.3.2. Canada |
| 8.4. North America Rubber Compound Market - Opportunity Analysis Index, Type, Application, And Country, 2024-2030 |
| 8.5. North America Rubber Compound Market Dynamics – Trends |
| 9. Europe Rubber Compound Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.1. Type Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Silicone Rubber |
| 9.1.2. Fluoro Rubber |
| 9.1.3. Butyronitrile Rubber |
| 9.1.4. EPDM Rubber |
| 9.1.5. Chloroprene Rubber |
| 9.2. Application Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Transportation |
| 9.2.2. Construction |
| 9.2.3. Medical |
| 9.2.4. Consumer Goods |
| 9.2.5. Automotive |
| 9.3. Country Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Rubber Compound Market - Opportunity Analysis Index, Type, Application, And Country, 2024-2030 |
| 9.5. Europe Rubber Compound Market Dynamics – Trends |
| 10. Asia-Pacific Rubber Compound Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.1. Type Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Silicone Rubber |
| 10.1.2. Fluoro Rubber |
| 10.1.3. Butyronitrile Rubber |
| 10.1.4. EPDM Rubber |
| 10.1.5. Chloroprene Rubber |
| 10.2. Application Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Transportation |
| 10.2.2. Construction |
| 10.2.3. Medical |
| 10.2.4. Consumer Goods |
| 10.2.5. Automotive |
| 10.3. Country Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Rubber Compound Market - Opportunity Analysis Index, Type, Application, And Country, 2024-2030 |
| 10.5. Asia-Pacific Rubber Compound Market Dynamics – Trends |
| 11. Latin America Rubber Compound Market Analysis, 2019-2030 and Forecast, 2024-2030 |
| 11.1. Type Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2. Type Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Silicone Rubber |
| 11.2.2. Fluoro Rubber |
| 11.2.3. Butyronitrile Rubber |
| 11.2.4. EPDM Rubber |
| 11.2.5. Chloroprene Rubber |
| 11.3. Application Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Transportation |
| 11.3.2. Construction |
| 11.3.3. Medical |
| 11.3.4. Consumer Goods |
| 11.3.5. Automotive |
| 11.4. Country Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Brazil |
| 11.4.2. Mexico |
| 11.4.3. Argentina |
| 11.4.4. Rest of Latin America |
| 11.5. Latin America Rubber Compound Market - Opportunity Analysis Index, Type, Application, And Country, 2024-2030 |
| 11.6. Latin America Rubber Compound Market Dynamics – Trends |
| 12. Middle East and Africa Rubber Compound Market Analysis, 2019-2030 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 12.1. Type Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Silicone Rubber |
| 12.1.2. Fluoro Rubber |
| 12.1.3. Butyronitrile Rubber |
| 12.1.4. EPDM Rubber |
| 12.1.5. Chloroprene Rubber |
| 12.2. Application Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Transportation |
| 12.2.2. Construction |
| 12.2.3. Medical |
| 12.2.4. Consumer Goods |
| 12.2.5. Automotive |
| 12.3. Country Analysis 2019-2030 and Forecast 2024-2030 Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Rubber Compound Market - Opportunity Analysis Index, Type, Application, And Country, 2024-2030 |
| 12.5. MEA Rubber Compound Market Dynamics – Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Goodyear |
| 13.2.2. ContiTech AG |
| 13.2.3. Fenner |
| 13.2.4. Bridgestone |
| 13.2.5. Cobra Group |
| 13.2.6. Zhejiang Double Arrow |
| 13.2.7. Shandong Aneng |
| 13.2.8. LUTZE |
| 13.2.9. Polycomp |
| 13.2.10. Soucy Group |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.