Automotive Rubber Market Strategies and Share 2031
The Automotive Rubber Market is expected to register a CAGR of 6% from 2024 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Natural Rubber (NR), Styrene-Butadiene Rubber (SBR), Butyl Rubber (IIR), Poly Butadiene Rubber (BR), Neoprene Rubber/Chloroprene Rubber, Nitrile Butadiene Rubber (NBR), Others) . The report further presents analysis based on, Application (Tire, Interior, Exterior, and Under the Hood). Based on Based on Vehicle Type report is segmented into (Passenger Vehicles, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles, and Two Wheelers and Others) The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Automotive Rubber Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Automotive Rubber Market Segmentation
Type- Natural Rubber
- Styrene-Butadiene Rubber
- Butyl Rubber
- Poly Butadiene Rubber
- Neoprene Rubber/Chloroprene Rubber
- Nitrile Butadiene Rubber
- Tire
- Interior
- Exterior
- Under the Hood
Strategic Insights
Automotive Rubber Market Growth Drivers- Growth of Automotive Industry in Emerging Economies: In the last few years, the automotive industry has been significantly growing across emerging economies such as Brazil, China, India, Mexico, and South Africa. With the increasing disposable income, the demand for both passenger and commercial vehicles is growing in developing countries. For instance, according to the Federation of Automobile Dealers Associations (FADA), in India, sales of passenger vehicles increased to 2,854,242 units in November 2023, compared with 2,409,535 units in November 2022. Similarly, according to the China Association of Automobile Manufacturers (CAAM), the sales of commercial vehicles accounted for 18.3% year-on-year for September 2023 in China. These stats show the increasing demand for vehicles. The automotive industry also paved its way in Brazil and South Africa. According to the International Organization of Motor Vehicle Manufacturers (OICA), South Africa's automobile production increased by 24% to 555,889 units in 2022. According to the same source, Brazil was the largest manufacturer and exporter of light and commercial vehicles in 2023 in South & Central America. The country reported production of 2.3 million vehicles in 2022. Thus, the growth of automotive industries in emerging economies is expected to create lucrative opportunities for the automotive elastomers market growth.
- Growing Electric Vehicle (EV) Adoption: The rise in electric vehicle (EV) adoption is influencing the automotive rubber market. EVs require unique rubber components such as specialized seals, gaskets, and tires designed for enhanced efficiency and performance. The growth of EVs boosts the demand for advanced rubber materials that cater to the distinct needs of electric vehicles.
- Sustainable and Eco-Friendly Rubber Materials: The future of the automotive rubber market will be heavily shaped by sustainability. As environmental regulations tighten, demand for bio-based and recyclable rubber materials is expected to rise. Automakers will increasingly adopt eco-friendly alternatives to meet both consumer preferences and regulatory pressures for greener automotive solutions.
- Growth of Advanced Rubber Compounds: Advancements in rubber compounds will drive future market trends. High-performance rubber materials, such as those with improved heat resistance and durability, will be increasingly utilized in tires, seals, and gaskets. This trend is fueled by the growing demand for longer-lasting components and greater vehicle efficiency in the automotive industry.
- Rising Focus on Fuel Efficiency: The growing emphasis on fuel economy is quite favorably opening up prospects for growth of the automotive rubber industry. Because weight contributes considerably to fuel consumption, they are beginning to develop better lighter rubber products. Light weight rubber parts like seals and gaskets help in the overall performance and efficiency of the vehicle.
- Growth of Aftermarket Replacement Parts: The automotive aftermarket sector presents an opportunity for the rubber market. As vehicles age, there is an increasing demand for replacement rubber parts such as tires, gaskets, and seals. This trend offers significant growth potential for manufacturers specializing in high-quality replacement rubber components for maintenance and repair.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive Rubber Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Automotive Rubber Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Based on geography, Asia Pacific held the largest share of the automotive plastics market due to the well-established automotive industry across the region
Based on type, natural rubber segment is expected to witness the fastest growth during the forecast period
Growing demand for automotive industry in emerging economies is driving the market growth
BASF SE, Bridgestone India Automotive Products Pvt. Ltd., DuPont de Nemours, Inc.are some of the key players operating in the automotive rubber market
The Automotive Rubber Market is estimated to witness a CAGR of 6% from 2023 to 2031
#Rising Focus on Fuel Efficiency is expected to be the key market trends.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Rubber Market - By Type
1.3.2 Automotive Rubber Market - By End User
1.3.3 Automotive Rubber Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE RUBBER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. AUTOMOTIVE RUBBER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AUTOMOTIVE RUBBER MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE RUBBER - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE RUBBER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE RUBBER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. NATURAL
7.3.1. Overview
7.3.2. Natural Market Forecast and Analysis
7.4. SYNTHETIC
7.4.1. Overview
7.4.2. Synthetic Market Forecast and Analysis
8. AUTOMOTIVE RUBBER MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. TIRE COMPONENT
8.3.1. Overview
8.3.2. Tire Component Market Forecast and Analysis
8.4. NON-TIRE COMPONENT
8.4.1. Overview
8.4.2. Non-Tire Component Market Forecast and Analysis
9. AUTOMOTIVE RUBBER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive Rubber Market Overview
9.1.2 North America Automotive Rubber Market Forecasts and Analysis
9.1.3 North America Automotive Rubber Market Forecasts and Analysis - By Type
9.1.4 North America Automotive Rubber Market Forecasts and Analysis - By End User
9.1.5 North America Automotive Rubber Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Automotive Rubber Market
9.1.5.1.1 Canada Automotive Rubber Market by Type
9.1.5.1.2 Canada Automotive Rubber Market by End User
9.1.5.2 Mexico Automotive Rubber Market
9.1.5.2.1 Mexico Automotive Rubber Market by Type
9.1.5.2.2 Mexico Automotive Rubber Market by End User
9.1.5.3 US Automotive Rubber Market
9.1.5.3.1 US Automotive Rubber Market by Type
9.1.5.3.2 US Automotive Rubber Market by End User
9.2. EUROPE
9.2.1 Europe Automotive Rubber Market Overview
9.2.2 Europe Automotive Rubber Market Forecasts and Analysis
9.2.3 Europe Automotive Rubber Market Forecasts and Analysis - By Type
9.2.4 Europe Automotive Rubber Market Forecasts and Analysis - By End User
9.2.5 Europe Automotive Rubber Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive Rubber Market
9.2.5.1.1 Germany Automotive Rubber Market by Type
9.2.5.1.2 Germany Automotive Rubber Market by End User
9.2.5.2 France Automotive Rubber Market
9.2.5.2.1 France Automotive Rubber Market by Type
9.2.5.2.2 France Automotive Rubber Market by End User
9.2.5.3 Italy Automotive Rubber Market
9.2.5.3.1 Italy Automotive Rubber Market by Type
9.2.5.3.2 Italy Automotive Rubber Market by End User
9.2.5.4 United Kingdom Automotive Rubber Market
9.2.5.4.1 United Kingdom Automotive Rubber Market by Type
9.2.5.4.2 United Kingdom Automotive Rubber Market by End User
9.2.5.5 Russia Automotive Rubber Market
9.2.5.5.1 Russia Automotive Rubber Market by Type
9.2.5.5.2 Russia Automotive Rubber Market by End User
9.2.5.6 Rest of Europe Automotive Rubber Market
9.2.5.6.1 Rest of Europe Automotive Rubber Market by Type
9.2.5.6.2 Rest of Europe Automotive Rubber Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive Rubber Market Overview
9.3.2 Asia-Pacific Automotive Rubber Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive Rubber Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Automotive Rubber Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Automotive Rubber Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive Rubber Market
9.3.5.1.1 Australia Automotive Rubber Market by Type
9.3.5.1.2 Australia Automotive Rubber Market by End User
9.3.5.2 China Automotive Rubber Market
9.3.5.2.1 China Automotive Rubber Market by Type
9.3.5.2.2 China Automotive Rubber Market by End User
9.3.5.3 India Automotive Rubber Market
9.3.5.3.1 India Automotive Rubber Market by Type
9.3.5.3.2 India Automotive Rubber Market by End User
9.3.5.4 Japan Automotive Rubber Market
9.3.5.4.1 Japan Automotive Rubber Market by Type
9.3.5.4.2 Japan Automotive Rubber Market by End User
9.3.5.5 South Korea Automotive Rubber Market
9.3.5.5.1 South Korea Automotive Rubber Market by Type
9.3.5.5.2 South Korea Automotive Rubber Market by End User
9.3.5.6 Rest of Asia-Pacific Automotive Rubber Market
9.3.5.6.1 Rest of Asia-Pacific Automotive Rubber Market by Type
9.3.5.6.2 Rest of Asia-Pacific Automotive Rubber Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive Rubber Market Overview
9.4.2 Middle East and Africa Automotive Rubber Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive Rubber Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Automotive Rubber Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Automotive Rubber Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive Rubber Market
9.4.5.1.1 South Africa Automotive Rubber Market by Type
9.4.5.1.2 South Africa Automotive Rubber Market by End User
9.4.5.2 Saudi Arabia Automotive Rubber Market
9.4.5.2.1 Saudi Arabia Automotive Rubber Market by Type
9.4.5.2.2 Saudi Arabia Automotive Rubber Market by End User
9.4.5.3 U.A.E Automotive Rubber Market
9.4.5.3.1 U.A.E Automotive Rubber Market by Type
9.4.5.3.2 U.A.E Automotive Rubber Market by End User
9.4.5.4 Rest of Middle East and Africa Automotive Rubber Market
9.4.5.4.1 Rest of Middle East and Africa Automotive Rubber Market by Type
9.4.5.4.2 Rest of Middle East and Africa Automotive Rubber Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive Rubber Market Overview
9.5.2 South and Central America Automotive Rubber Market Forecasts and Analysis
9.5.3 South and Central America Automotive Rubber Market Forecasts and Analysis - By Type
9.5.4 South and Central America Automotive Rubber Market Forecasts and Analysis - By End User
9.5.5 South and Central America Automotive Rubber Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive Rubber Market
9.5.5.1.1 Brazil Automotive Rubber Market by Type
9.5.5.1.2 Brazil Automotive Rubber Market by End User
9.5.5.2 Argentina Automotive Rubber Market
9.5.5.2.1 Argentina Automotive Rubber Market by Type
9.5.5.2.2 Argentina Automotive Rubber Market by End User
9.5.5.3 Rest of South and Central America Automotive Rubber Market
9.5.5.3.1 Rest of South and Central America Automotive Rubber Market by Type
9.5.5.3.2 Rest of South and Central America Automotive Rubber Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AUTOMOTIVE RUBBER MARKET, KEY COMPANY PROFILES
11.1. BASF SE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BRIDGESTONE INDIA AUTOMOTIVE PRODUCTS PVT. LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DUPONT DE NEMOURS, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LANXESS AKTIENGESELLSCHAFT
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PIRELLI AND C. S.P.A
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SAUDI BASIC INDUSTRIES CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHIN-ETSU CHEMICAL CO. LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. THE GOODYEAR TIRE AND RUBBER COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TOYO TIRE AND RUBBER CO LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YOKOHAMA RUBBER COMPANY LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.BASF SE
2.Bridgestone India Automotive Products Pvt. Ltd.
3.DuPont de Nemours, Inc.
4.Lanxess Aktiengesellschaft
5.Pirelli and C. S.p.A
6.Saudi Basic Industries Corporation
7.Shin-Etsu Chemical Co. Ltd.
8.The Goodyear Tire and Rubber Company
9.Toyo Tire and Rubber Co Ltd
10.Yokohama Rubber Company Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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