Advances in release agents, nowadays, are making rubber and its components more attractive to auto manufacturers. For hundreds of years, rubber has been used in the automotive industry. Rubber-molded products, which were formerly extracted from natural materials, are now being made from inexpensive and common synthetic polymers, owing to many factors, including weight, environmental, expense, and longevity concerns. These rubber-molded components can be molded into all shapes, sizes, and colors, for different uses in the automotive industry.

Advancements in rubber-made auto components sturdy, sealable, and water- and chemical-resistant. It also has both, a good weight/volume ratio and performance/cost ratio. Rubber is inexpensive and can be molded into a wide range of parts and products. One of the major advantages of the parts made of rubber is that they can be disposable and recyclable, thus, benefiting the environment. Therefore, growth in the use of rubber is driving the market studied.

Ethylene propylene diene monomers (EPDM) accounted for most of the market share by raw material type, with natural rubber following closely. However, growing innovations in the durability and life of the EPDM-based compounds is expected to propel the market for EPDM in automotive applications over the coming five years. EPDM materials were proved fit for high-pressure conditions and boasted of impact resistance and stiffness. These technical advantages over other raw materials will encourage automakers to prefer EPDM-based molded components to synthetic or natural rubber.

Manufacturers maintain a wide range of products to cater to the ever-changing need of clients and also maintains the capabilities to mass produce any prototype required by their client. They are now resorting to consulting based supplying to improve the efficiency of and effectiveness of their products.

The automotive rubber molded component market is dominated by Asia-Pacific, followed by Europe and North America, respectively. Cost of manufacturing of automotive rubber molded components is high in Europe and North America. In North America, suppliers are refraining from passing on the 50% increase in input cost (rise in cost of rubber components between 2001 to 2010 and it is further rising) to customers and absorbing themselves. This is leading to reduction in profits.

The Asia-Pacific region is the largest market for automotive rubber-molded components, both in terms of production and consumption. This can be attributed to India and China emerging as major the manufacture hubs of automotive components, sourcing to the western auto giants. Furthermore, government support for FDIs in these countries has encouraged small and medium scale regional players to enter the rubber molding market. BRICS (Brazil, Russia, India, China, South Africa) countries are witnessing a growth in automotive market which is an important factor for growth of Automotive rubber molded components. Brazil, Russia and South Africa exhibited the automotive vehicles production rise of 5.2%, 13.9% and 3.5% against the global decrease of 1.1%.

China has emerged as the leader in both Asia-Pacific and rubber-molded automotive components markets, globally. Growing economy and rising disposable incomes have resulted in greater demand for automotive in India and China, in turn, opening new opportunities for the dependent rubber-molding sector. North America, in the light of EPA regulations and CAFÉ standards, is expected to witness a higher CAGR over the forecast period.