Industrial Rubber Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Industrial Rubber Market Report is Segmented by Rubber Type (Natural Rubber, Synthetic Rubber, and More), Process (Extrusion, Molding and Casting, and More), Application (Conveyor Belts, Transmission Belts, and More), End-User Industry (Automotive and Transportation, Construction and Infrastructure, and More), and Geography (Asia-Pacific, North America, and More). The Market Forecasts are Provided in Terms of Value (USD).

Industrial Rubber Market Size and Share

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Compare market size and growth of Industrial Rubber Market with other markets in Chemicals & Materials Industry

Industrial Rubber Market Analysis by Mordor Intelligence

The industrial rubber market size is valued at USD 16.33 billion in 2025 and is forecast to reach USD 19.69 billion by 2030, reflecting a 3.81% CAGR through the period. Demand remains firmly anchored in automotive, construction, mining and general-industrial supply chains, with synthetic grades supplying consistent quality and scale advantages. Conveyor systems, transmission equipment and high-pressure hose assemblies continue to pull large volumes, while bio-based and reclaimed alternatives steadily widen addressable demand. Supply-side resilience is shaped by volatile crude-derived feedstocks and natural-rubber shortages; producers that balance raw-material optionality with recycling capabilities reduce earnings volatility. Asia-Pacific, holding a decisive majority share, benefits from integrated upstream raw-material bases and downstream manufacturing density, whereas North America and Europe differentiate through specialty rubber grades and regulatory compliance leadership.

Key Report Takeaways

  • By rubber type, synthetic rubber led with 71.09% of industrial rubber market share in 2024, while reclaimed rubber posted the highest projected CAGR at 5.02% to 2030.
  • By process, extrusion commanded 45.16% share of the industrial rubber market size in 2024; 3D printing is set to expand the fastest at a 4.18% CAGR.
  • By application, conveyor belts accounted for 38.65% of the industrial rubber market size in 2024 and are also advancing at 4.87% CAGR through 2030.
  • By end-user industry, automotive and transportation held 53.76% share of the industrial rubber market size in 2024, while aerospace and defense is projected to grow at 4.96% CAGR.
  • By geography, Asia-Pacific captured 59.07% of industrial rubber market share in 2024 and is forecast to rise at a 4.11% CAGR.

Segment Analysis

By Rubber Type: Synthetic scale leadership balanced by reclaimed growth prospects

Synthetic grades, dominated by styrene-butadiene, retained a commanding 71.09% share of the industrial rubber market in 2024 as automakers, machinery OEMs and infrastructure builders demanded consistent performance across broad temperature windows. Extensive catalyst and process innovations boost tensile strength, abrasion resistance and oil tolerance, aligning properties with stringent OEM specifications. Reclaimed rubber, harvested from devulcanized end-of-life tires and buffings, expands at a 5.02% CAGR on the back of 30–50% cost savings versus virgin feedstocks and mounting circular-economy mandates. Compounders re-engineer formulations to accommodate reclaimed content of up to 25% without compromising cure kinetics, thereby moderating overall scrap. Natural-rubber supply remains central to passenger-tire elasticity and heavy-haul off-road grip, yet producers wrestle with disease-related yield drops in Southeast Asia. Bio-based synthetic routes, particularly bio-butadiene and polyisoprene from plant sugars, advance pilot-scale trials that promise to ease resource pressures while shrinking carbon footprints.

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Note: Segment shares of all individual segments available upon report purchase

By Process: Extrusion versatility faces additive-manufacturing innovation

Extrusion held 45.16% share of the industrial rubber market size in 2024, favored for continuous production of hoses, profiles and sealing strips where dimensional accuracy and low scrap rates are critical. State-of-the-art screw designs increase throughput 15% and support real-time viscosity monitoring systems that cut change-over time. Injection and compression molding retain vital roles for high-volume automotive bushings and vibration isolators, benefitting from multi-cavity tooling and automated demolding robotics. Additive manufacturing, while only emerging, records the fastest 4.18% CAGR as aerospace, defense and medical users exploit 3D-printed thermoplastic polyurethane lattices for lightweight, complex geometries. Advances in photopolymerizable isoprene resins yield elastomeric parts with elongation at break surpassing 200%, bringing functional prototypes within days rather than weeks. Calendaring sustains specialty sheet markets—roofing membranes, tank linings and diaphragm sheets—thanks to microscopic gauge control afforded by precision-roll systems.

By Application: Conveyor belts dominate volume and growth metrics

Conveyor belts secured both the largest 38.65% share and the swiftest 4.87% CAGR of the industrial rubber market size in 2024. Bulk-material handlers favor multi-ply, steel-cord and textile-reinforced constructions that tolerate abrasion, heat and impact loads in mining, quarrying and cement plants. Integrated sensor loops feed wear data into cloud dashboards, driving preventive maintenance and adding service-contract revenue streams for belt OEMs. Transmission belts, notably V-belts and synchronous belts, maintain relevance in light-duty power-transmission applications where alignment flexibility and shock-load absorption are key. High-pressure hoses gain traction across chemical processing and hydraulic machinery, where compounders deploy peroxidic cure systems and nano-clay fillers to extend impulse life. Roofing membranes, rubber rolls and tubes round out diversified demand, supported by construction recovery and energy-efficient building codes.

By End-User Industry: Automotive holds scale while aerospace accelerates specialty demand

Automotive and transportation dominated 53.76% of industrial rubber market share in 2024, sustained by global vehicle output, replacement tire cycles and electrification trends that add gasket, seal and NVH component complexity. Tier-1 suppliers integrate recycled and bio-rubber into under-hood hoses and weatherstrips to satisfy OEM sustainability scorecards. Aerospace and defense, though smaller in absolute volume, records a 4.96% CAGR as airlines recover travel demand and defense agencies modernize fleets. High-temperature fluorosilicone seals, low-smoke cabin components and fuel-tank bladders exemplify niche, high-margin applications. Construction and infrastructure spending reinforces demand for vibration pads, expansion joints and rubberized asphalt modifiers, while mining remains reliant on belt, lining and hose solutions capable of withstanding corrosive slurries. Electrical and electronics segments absorb silicone rubber for insulation in renewable-energy grids and EV charging infrastructure.

Industrial Rubber Market: Market Share by End-User Industry
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Note: Segment shares of all individual segments available upon report purchase

Geography Analysis

Asia-Pacific retained 59.07% share of the industrial rubber market in 2024 and is advancing at a 4.11% CAGR, underscored by its integrated plantation-to-compound supply chains, large-scale tire capacities, and vast infrastructure programs. China drives demand through EV adoption rates approaching one-third of new car sales, heightening traction for specialty tire and sealing compounds. Thailand and Indonesia together account for more than 60% of global natural-rubber output, but yields are strained by disease incidence and labor shortages, prompting government support for mechanized tapping and downstream processing upgrades. India tightens its import-export balance by expanding domestic mixing houses and encouraging reclaimed-rubber collection networks.

North America sustains mid-single-digit growth anchored in aerospace, shale-energy and logistics construction. The U.S. imports roughly 90% of its natural-rubber needs, sparking policy discourse around domestic guayule cultivation to improve supply resilience. Canada’s mining expansion in critical minerals feeds conveyor-belt and hose demand, while Mexico captures OEM investments relocating supply chains closer to U.S. consumer bases.

Europe’s demand profile is shaped by strict environmental regulations and rapid commercialization of bio-based materials. The EU Deforestation Regulation compels traceability for rubber imports, catalyzing digital ledger adoption among traders. Germany and France pioneer dandelion-based natural-rubber pilot farms that lower transport emissions compared with Southeast-Asian supply. Eastern European tire plants receive significant capital infusions to produce larger-rim EV tires domestically, reducing reliance on Asian imports amid shipping volatility.

Latin America and Middle East & Africa collectively contribute a modest but rising share as infrastructure projects launch new demand corridors. Brazil restarts public-works spending focused on bridge retrofits and port expansion, increasing calls for rubber bearings and hose assemblies. The Gulf Cooperation Council accelerates industrial diversification beyond hydrocarbons, with petrochemical complexes specifying EPDM seals and nitrile hoses resistant to sour gas exposure. Sub-Saharan African mining prospects in copper and lithium underpin conveyor-belt demand, yet project rollouts hinge on political stability and financing access.

Industrial Rubber Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The industrial rubber industry is moderately fragmented. Digitalization and automation drive competitiveness. Sumitomo Rubber adopted Rockwell Automation’s FactoryTalk, achieving real-time quality tracking and 7% scrap reduction. Yokohama Rubber’s Romanian facility acquisition reduced lead times and import duties. PPG’s 3D-printed sealants cut aircraft window installation cycles by 90%.

Sustainability is pivotal. Michelin targets 40% sustainable inputs by 2030 through waste-to-butadiene collaborations. Goodyear’s USD 320 million Oklahoma expansion focuses on low-rolling-resistance tires for electric vehicles, ensuring supply reliability for OEMs. Early entry into low-carbon rubber secures premium pricing and long-term contracts with automakers and aerospace firms.

Industrial Rubber Industry Leaders

  1. Bridgestone Industrial

  2. ContiTech Deutschland GmbH

  3. Sumitomo Rubber Industries, Ltd. 

  4. The Goodyear Tire & Rubber Company

  5. THE YOKOHAMA RUBBER CO., LTD. 

  6. *Disclaimer: Major Players sorted in no particular order
Industrial Rubber Market Concentration
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Recent Industry Developments

  • May 2025: In a move to bolster its off-highway tire capacity in Europe, Yokohama Rubber purchased a former tire facility in Drobeta-Turnu Severin, Romania, for USD 35 million. This acquisition aligns with the company's strategy to expand its footprint in the European market and meet growing demand in the region.
  • February 2025: Goodyear unveiled a USD 320 million expansion at its Lawton, Oklahoma plant, aiming to boost production by 10 million annual units, with a focus on premium tires for EVs and autonomous vehicles. This investment underscores Goodyear's commitment to innovation and addressing the evolving needs of the mobility sector.

Table of Contents for Industrial Rubber Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing application as conveyor & transmission belts
    • 4.2.2 Growing demand for high-pressure hoses
    • 4.2.3 EV-led boom in lightweight automotive components
    • 4.2.4 Infrastructure build-out in emerging economies
    • 4.2.5 Shift to bio-based synthetic rubbers
  • 4.3 Market Restraints
    • 4.3.1 Stringent environmental regulations
    • 4.3.2 Volatile crude-oil–linked feedstock prices
    • 4.3.3 Rapid uptake of reclaimed rubber cannibalising virgin demand
  • 4.4 Value Chain Analysis
  • 4.5 Porter’s Five Forces
    • 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 Degree of Competition

5. Market Size & Growth Forecasts (Value)

  • 5.1 By Rubber Type
    • 5.1.1 Natural Rubber
    • 5.1.2 Synthetic Rubber
    • 5.1.3 Reclaimed Rubber
  • 5.2 By Process
    • 5.2.1 Extrusion
    • 5.2.2 Molding and Casting
    • 5.2.3 Calendaring
    • 5.2.4 3-D Printing / Additive Manufacturing
  • 5.3 By Application
    • 5.3.1 Conveyor Belts
    • 5.3.2 Transmission Belts
    • 5.3.3 Pressure Hoses
    • 5.3.4 Other Application (Roofing, Tubes, Rolls, etc.)
  • 5.4 By End-User Industry
    • 5.4.1 Automotive and Transportation
    • 5.4.2 Construction and Infrastructure
    • 5.4.3 Mining and Metals
    • 5.4.4 Industrial Machinery and Equipment
    • 5.4.5 Chemical and Petrochemical
    • 5.4.6 Aerospace and Defence
    • 5.4.7 Electrical and Electronics
    • 5.4.8 Others
  • 5.5 By Geography
    • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 South Korea
    • 5.5.1.5 Thailand
    • 5.5.1.6 Indonesia
    • 5.5.1.7 Vietnam
    • 5.5.1.8 Malaysia
    • 5.5.1.9 Philippines
    • 5.5.1.10 Rest of Asia-Pacific
    • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
    • 5.5.3.6 Russia
    • 5.5.3.7 NORDIC Countries
    • 5.5.3.8 Turkey
    • 5.5.3.9 Rest of Europe
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Colombia
    • 5.5.4.4 Rest of South America
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 United Arab Emirates
    • 5.5.5.3 Qatar
    • 5.5.5.4 South Africa
    • 5.5.5.5 Nigeria
    • 5.5.5.6 Egypt
    • 5.5.5.7 Rest of Middle East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share(%)/Ranking Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
    • 6.4.1 Bando Chemical Industries, LTD.
    • 6.4.2 Bridgestone Industrial
    • 6.4.3 China Petrochemical Corporation (Sinopec)
    • 6.4.4 ContiTech Deutschland GmbH
    • 6.4.5 Denka Company Limited
    • 6.4.6 ENEOS Materials Corporation
    • 6.4.7 Parker Hannifin Corp
    • 6.4.8 SIBUR Holding PJSC
    • 6.4.9 Sumitomo Rubber Industries, Ltd.
    • 6.4.10 The Goodyear Tire & Rubber Company
    • 6.4.11 THE YOKOHAMA RUBBER CO., LTD.
    • 6.4.12 Trelleborg AB
    • 6.4.13 Trinseo
    • 6.4.14 TSRC
    • 6.4.15 UBE Corporation

7. Market Opportunities & Future Outlook

  • 7.1 White-space & unmet-needs assessment
  • 7.2 Introducing New Manufacturing Techniques to Reduce Hazardous Waste
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Global Industrial Rubber Market Report Scope

Industrial rubber is made of polymers and has a major application in end-user industries, including mining, automotive, and others. In the automotive industry, industrial rubber is mainly used as flexible shaft couplings, drive belts, high-pressure hoses, process control rubber sheets, etc. In the mining industry, it is used to make conveyors and transmission belts to carry minerals.

The industrial rubber market is segmented by application and geography. The market is segmented by application into conveyor belts, transmission belts, pressure hoses, and other applications (insulations, gaskets, etc.). The report also covers the market size and forecasts in 27 countries across major regions. Market sizing and forecasts were made for each segment based on USD revenue.

By Rubber Type Natural Rubber
Synthetic Rubber
Reclaimed Rubber
By Process Extrusion
Molding and Casting
Calendaring
3-D Printing / Additive Manufacturing
By Application Conveyor Belts
Transmission Belts
Pressure Hoses
Other Application (Roofing, Tubes, Rolls, etc.)
By End-User Industry Automotive and Transportation
Construction and Infrastructure
Mining and Metals
Industrial Machinery and Equipment
Chemical and Petrochemical
Aerospace and Defence
Electrical and Electronics
Others
By Geography Asia-Pacific China
India
Japan
South Korea
Thailand
Indonesia
Vietnam
Malaysia
Philippines
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
NORDIC Countries
Turkey
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
United Arab Emirates
Qatar
South Africa
Nigeria
Egypt
Rest of Middle East and Africa
By Rubber Type
Natural Rubber
Synthetic Rubber
Reclaimed Rubber
By Process
Extrusion
Molding and Casting
Calendaring
3-D Printing / Additive Manufacturing
By Application
Conveyor Belts
Transmission Belts
Pressure Hoses
Other Application (Roofing, Tubes, Rolls, etc.)
By End-User Industry
Automotive and Transportation
Construction and Infrastructure
Mining and Metals
Industrial Machinery and Equipment
Chemical and Petrochemical
Aerospace and Defence
Electrical and Electronics
Others
By Geography
Asia-Pacific China
India
Japan
South Korea
Thailand
Indonesia
Vietnam
Malaysia
Philippines
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
NORDIC Countries
Turkey
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
United Arab Emirates
Qatar
South Africa
Nigeria
Egypt
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is the current size of the industrial rubber market?

The market is valued at USD 16.33 billion in 2025 and is projected to reach USD 19.69 billion by 2030 at a 3.81% CAGR.

Which segment holds the largest industrial rubber market share?

Synthetic rubber leads with 71.09% share, benefiting from processing consistency and broad application across automotive, construction and machinery uses.

Why are conveyor belts so important to the industrial rubber market?

Conveyor belts account for 38.65% of 2024 revenue and grow the fastest at 4.87% CAGR because mining, logistics and manufacturing sectors increasingly automate bulk-material handling.

How are electric vehicles influencing industrial rubber demand?

EVs require specialized low-rolling-resistance tires, high-performance gaskets and lightweight NVH components, driving rubber innovation even as overall vehicle mass decreases.

Industrial Rubber Market Report Snapshots