Rubber is a polymer which can stretch and shrink. It can be manufactured naturally or can be synthesized on an industrial scale. Rubber is used to make gloves, tires, plugs, and masks. Moreover, automotive rubber is the rubber or rubber parts used in the automotive sector. The several advantages proffered by automotive rubbers are resistance to chemical & grease, abrasion, hot & cold temperature sustainability, petroleum & oil and high tear strength. The rising production of vehicles, including passenger cars, commercial vehicles, and two-wheelers, drives the demand for automotive rubber products. Expanding vehicle production in emerging economies, where there is a growing middle class and increasing disposable income, contributes to automotive rubber market growth. Further, consumers’ increasing expectations for comfort, aesthetics, and vehicle performance propel the demand for automotive rubber components that enhance the overall driving experience. On the other hand, the adverse impact of synthetic rubber on environment is limiting the market growth. The Automotive Rubber Market is projected to grow at a rate of 6.3% CAGR by 2028.
The Global Automotive Rubber Market has been analyzed based on Material Types:
- Natural Rubber
- Synthetic Rubber
The Global Automotive Rubber Market has been analyzed based on End-User Areas:
- Tire Component
- Non-tire Component
The Global Automotive Rubber Market has been analyzed based on Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of material type, the market is bifurcated into Natural Rubber and Synthetic Rubber. Synthetic Rubber segment is projected to have the highest share in the automotive rubber market. Synthetic rubber is extensively preferred owing to high cost of raw materials and variations in supply of natural rubber. Synthetic rubber is utilized for commercial production of tires, rubber gaskets, conveyor belts and seals, among others.
Further on the basis of end user areas, the market is divided into Tire Component and Non-tire Component. The tire segment holds the highest market share in the automotive rubber market. The growing tire production due to the surging demand for automobiles across the world acts as a key driving factor for the rising demand for rubber. The key tire manufacturers are majorly investing in developing their production and establishing their manufacturing plants in new geographical areas to fuel their market presence, which is projected to boost the growth of the global automotive rubber market in the estimated period.
Asia Pacific is the emerging region and also has a significant share in the global automotive rubber market. Other than Asia Pacific, South America, Middle East, and developing countries of Europe have been witnessing substantial growth scenarios for automotive rubber. China and India are driving the demand for automotive rubber in the Asia Pacific region due to regional growth along with huge base of automobile manufacturers, increasing demand for non-tire components from various applications industries, and the existence of OEMs for automotive rubber. In developing regions, growing purchase power is leading the economic growth.
Moreover, the growing popularity of electric vehicles (EVs) and the increasing emphasis on lightweighting to improve fuel efficiency across the world are driving demand for specialized rubber components. Electric vehicles required unique rubber materials that could withstand higher torque, heat, and different operating conditions.
The report of automotive rubber market consists of profiles of the key vendors – BASF SE, Bridgestone India Automotive Products Pvt. Ltd., DuPont de Nemours, Inc., Lanxess Aktiengesellschaft, Pirelli and C. S.p.A, Saudi Basic Industries Corporation, Shin-Etsu Chemical Co. Ltd., The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co Ltd., and Yokohama Rubber Company Ltd.
In conclusion, the automotive rubber market plays a vital role in the automotive industry’s functioning, ensuring safety, performance, and comfort in vehicles. As the automotive sector continues to evolve, the demand for innovative and high-quality rubber products is expected to grow, creating new opportunities and challenges for manufacturers and suppliers in the market.
- This report depicts the exact evaluation of the market size and its share in the parent market
- Accurate estimations of future trends and changes in market dynamics are also included in this report.
- This report depicts the growth analysis of the industry among North America, Asia Pacific, Europe, and rest of the world.
A complete analysis of the market’s competitive outlook and detailed information of vendors is defined in the study.
List of Tables
TABLE 1. GLOBAL AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 2. GLOBAL AUTOMOTIVE RUBBER MARKET VALUE FOR NATURAL RUBBER, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 3. GLOBAL AUTOMOTIVE RUBBER MARKET VALUE FOR SYNTHETIC RUBBER, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 4. GLOBAL AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 5. GLOBAL AUTOMOTIVE RUBBER MARKET VALUE FOR TIRE COMPONENT, 2022-2028 (USD BILLION)
TABLE 6. GLOBAL AUTOMOTIVE RUBBER MARKET VALUE FOR NON-TIRE COMPONENT, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 7. NORTH AMERICA AUTOMOTIVE RUBBER MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)
TABLE 8. NORTH AMERICA AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 9. NORTH AMERICA AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 10. U.S AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 11. U.S AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 12. CANADA AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 13. CANADA AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 14. EUROPE AUTOMOTIVE RUBBER MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)
TABLE 15. EUROPE AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 16. EUROPE AUTOMOTIVE RUBBER MARKET VALUE, END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 17. GERMANY AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 18. GERMANY AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 19. U.K AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 20. U.K AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 21. FRANCE AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 22. FRANCE AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 23. ITALY AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 24. ITALY AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 25. SPAIN AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 26. SPAIN AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 27. ROE AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 28. ROE AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 29. ASIA PACIFC AUTOMOTIVE RUBBER MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)
TABLE 30. ASIA PACIFC AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 31. ASIA PACIFC AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 32. CHINA AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 33. CHINA AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 34. INDIA AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 35. INDIA AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 36. JAPAN AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 37. JAPAN AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 38. REST OF APAC AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 39. REST OF APAC AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 40. REST OF WORLD AUTOMOTIVE RUBBER MARKET VALUE, BY MATERIAL TYPES, 2022-2028 (USD BILLION)
TABLE 41. REST OF WORLD AUTOMOTIVE RUBBER MARKET VALUE, BY END-USER AREAS, 2022-2028 (USD BILLION)
TABLE 42. BASF SE: FINANCIALS
TABLE 43. BASF SE: PRODUCTS & SERVICES
TABLE 44. BASF SE: RECENT DEVELOPMENTS
TABLE 45. BRIDGESTONE INDIA AUTOMOTIVE PRODUCTS PVT. LTD.: FINANCIALS
TABLE 46. BRIDGESTONE INDIA AUTOMOTIVE PRODUCTS PVT. LTD.: PRODUCTS & SERVICE
TABLE 47. BRIDGESTONE INDIA AUTOMOTIVE PRODUCTS PVT. LTD.: RECENT DEVELOPMENT
TABLE 48. DUPONT DE NEMOURS, INC.: FINANCIALS
TABLE 49. DUPONT DE NEMOURS, INC.: PRODUCTS & SERVICES
TABLE 50. DUPONT DE NEMOURS, INC.: RECENT DEVELOPMENTS
TABLE 51. LANXESS AKTIENGESELLSCHAFT: FINANCIALS
TABLE 52. LANXESS AKTIENGESELLSCHAFT: PRODUCTS & SERVICES
TABLE 53. LANXESS AKTIENGESELLSCHAFT: RECENT DEVELOPMENTS
TABLE 54. PIRELLI AND C. S.P.A: FINANCIALS
TABLE 55. PIRELLI AND C. S.P.A: PRODUCTS & SERVICES
TABLE 56. PIRELLI AND C. S.P.A: RECENT DEVELOPMENTS
TABLE 57. SAUDI BASIC INDUSTRIES CORPORATION: FINANCIALS
TABLE 58. SAUDI BASIC INDUSTRIES CORPORATION: PRODUCTS & SERVICES
TABLE 59. SAUDI BASIC INDUSTRIES CORPORATION: RECENT DEVELOPMENTS
TABLE 60. SHIN-ETSU CHEMICAL CO. LTD.: FINANCIALS
TABLE 61. SHIN-ETSU CHEMICAL CO. LTD.: PRODUCTS & SERVICES
TABLE 62. SHIN-ETSU CHEMICAL CO. LTD.: RECENT DEVELOPMENTS
TABLE 63. THE GOODYEAR TIRE & RUBBER COMPANY: FINANCIALS
TABLE 64. THE GOODYEAR TIRE & RUBBER COMPANY: PRODUCTS & SERVICES
TABLE 65. THE GOODYEAR TIRE & RUBBER COMPANY: RECENT DEVELOPMENTS
TABLE 66. TOYO TIRE & RUBBER CO LTD.: FINANCIALS
TABLE 67. TOYO TIRE & RUBBER CO LTD.: PRODUCTS & SERVICES
TABLE 68. TOYO TIRE & RUBBER CO LTD.: RECENT DEVELOPMENTS
TABLE 69. YOKOHAMA RUBBER COMPANY LTD.: FINANCIALS
TABLE 70. YOKOHAMA RUBBER COMPANY LTD.: PRODUCTS & SERVICES
TABLE 71. YOKOHAMA RUBBER COMPANY LTD.: RECENT DEVELOPMENTS
