Rubber Compound Market size was valued at USD million in 2021 and is expected to reach a value of USD million by 2028, growing at a significant CAGR during the forecast period 2022 to 2028. 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, construction, medical, consumer goods, and automotive. Among these, the transportation segment is expected to have the fastest-growing market during the forecast period 2022-2028.
In October 2019, for truck and bus radials, TOLINS Tyres Pvt. Ltd. introduced T19 Pre-cured Tread Rubber. The company’s ability to diversify its product offering will benefit.