The Natural Rubber Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

The natural rubber market size USD 31.68 Billion as of 2024 and is anticipated to grow at a CAGR of 3.50% during the forecast period of 2025 to 2034. Increasing demand from the automotive sector, particularly for tires and parts, is one of the main drivers of the global natural rubber market, led by growing vehicle production and growing transport networks in the emerging world. The market is thus expected to reach a value of nearly USD 44.69 Billion by 2034.

Rubber fell to 171.90 USD Cents / Kg on December 2, 2025, down 4.50% from the previous day. Over the past month, Rubber's price has risen 0.82%, but it is still 14.65% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rubber - values, historical data, forecasts and news - updated on December of 2025.

The global Natural Rubber market stood at approximately 15 million tonnes in 2024 and is anticipated to grow at a CAGR of 3.27% during the forecast period until 2035.

The global market size for Global Rubber in 2021 was estimated at around USD 44.23 Bn. Whereas it will reach USD 62.90 Bn by 2029 with a significant growth rate of 4.50%.

In Terms of Revenue, The Natural market was valued at 58.00% Share of total Global xx Market in 2021.

In Terms of Revenue, Tire was the Leading segment with 52.00% Share of total xx Market in 2021. Key Dynamics of

Rubber Market

Key Drivers of

Rubber Market

Increasing Demand from Automotive and Tire Production: The rise in global vehicle production enhances the demand for both natural and synthetic rubber.The growth of electric vehicles (EVs) is amplifying the requirement for lightweight and durable rubber materials.

Growth in Industrial and Construction Sectors: Rubber plays a crucial role in the production of seals, gaskets, belts, and hoses utilized in machinery and infrastructure.Investments in infrastructure across Asia and Africa are fostering sustained demand.

Flexibility in Consumer Products and Healthcare Uses: The versatility of rubber enables its application in a wide range of everyday items. It is utilized in footwear, gloves, elastic materials, and adhesives.The demand for medical gloves and sanitary products has surged following the pandemic.

Key Restraints for

Rubber Market

Fluctuations in Raw Material Costs and Supply Chain Challenges: The supply of natural rubber is influenced by climate conditions and geopolitical factors. Weather patterns, diseases, and regional instability can impact latex production. The production of synthetic rubber is tied to crude oil prices, connecting it to energy market fluctuations.

Environmental Issues and Regulatory Challenges: The manufacturing processes for both natural and synthetic rubber raise significant ecological concerns.Key issues include deforestation, pollution, and the generation of hazardous waste.The European Union and the United States are implementing stricter regulations regarding chemicals and recycling practices.

Competition from Advanced Polymers and Composites: Innovative materials are posing challenges to traditional rubber in certain applications. Thermoplastic elastomers provide lightweight and recyclable alternatives.High-performance plastics are increasingly substituting rubber in the aerospace and electronics sectors.

Key Trends in

Rubber Market

Transitioning to Sustainable and Eco-Friendly Rubber Products: Brands are making investments in more environmentally friendly rubber sourcing and production.Natural rubber that is certified by FSC or PEFC is becoming increasingly popular.There is a growing demand for bio-based and recycled rubber products.

Intelligent Rubber Integration in Wearables and Electronics: Sophisticated rubber compounds are utilized in flexible sensors and soft robotics.These materials are perfect for stretchable electronics and medical wearables.Research and development in conductive rubber is paving the way for next-generation applications.

Geographical Diversification of Rubber Cultivation and Processing: Nations are working to lessen their reliance on the rubber monopoly of Southeast Asia. Africa and South America are rising as alternative sources for rubber production. Global companies are investing in local supply chains to reduce risk. Rubber is a broad name for a group of various polymers that are all elastomers. Elastomers are a natural or synthetic polymer which have elastic properties. For instance, polyisoprene or natural rubber poly butadiene, polyurethane. Rubber is a highly elastic organic material. Natural rubber comes out of the trees (a white liquid called latex) from which the rubber is made. There are more than 400 kinds of plants from the juice of which rubber can be made. In 19th century, the use of rubber increased considerable because of its unique properties, Due to which, it became difficult to fulfil the increasing world demand from natural rubber. Hence synthetic rubber is developed since first world war. Today about 50% of the rubber is produce by the synthetic process in the world. Rubber is very useful in various items of daily use such as electronic, raincoats, tires etc.

The Synthetic Rubber Market Report Segments the Industry Into by Type (Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (BR), and More), by Manufacturing Process (Emulsion Polymerization (E-SBR), Solution Polymerization (S-SBR), and More), by Raw Material (Butadiene, Isoprene, and More), by Application (Tire and Tire Components, Industrial Goods, and More), and Geography (Asia-Pacific, North America, Europe, and More).

The rubber market size is predicted to reach $48.49 billion in 2024 to $88.06 billion by 2035, growing at a CAGR of 5.57% from 2024 to 2035.

Synthetic rubber had a market value amounting to over ** billion U.S. dollars as of 2024. It is forecast that the global market value of synthetic rubber will increase to over ** billion U.S. dollars in 2029. The Asia-Pacific region accounts for the largest synthetic rubber market share in the world, as several countries in this region are major tire producers.

According to Cognitive Market Research, the global Natural Rubber market size was USD 17,223.78 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.32% from 2024 to 2031.

Asia Pacific held the major market share for more than 67.39% of the global revenue with a market size of USD 11,607.67 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.61% from 2024 to 2031.
North America accounted for a market share of over 16.42% of the global revenue with a market size of USD 2,828.93 million.
Europe held a market share of around 11.55% of the global revenue with a market size of USD 1,989.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.03% from 2024 to 2031.
Latin America had a market share of more than 2.84% of the global revenue with a market size of USD 489.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.37% from 2024 to 2031.
Middle East and Africa had a market share of around 1.79% of the global revenue and was estimated at a market size of USD 308.14 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.10% from 2024 to 2031.
The Concentrated Latex type category is the fastest-growing segment of the Natural Rubber industry

Market Dynamics of Natural Rubber Market

Key Drivers for Natural Rubber Market

Expansion of industrial applications such as conveyor belts and rubber hoses

The industrial sector's growth is driving the demand for natural rubber, especially in manufacturing conveyor belts and rubber hoses. Conveyor belts, integral to material handling in industries like mining, logistics, and manufacturing, rely on natural rubber for its durability and flexibility under heavy loads. Similarly, rubber hoses are widely used in industrial applications such as fluid transportation in oil & gas, chemical processing, and construction sectors. The properties of natural rubber, including elasticity, resilience, and resistance to wear, make it an ideal choice for these applications. As industries continue to expand globally, particularly in emerging economies, the requirement for robust and efficient rubber-based products is expected to surge, fueling demand for natural rubber in industrial applications. For instance, Goodyear, in collaboration with Farmed Materials, BioMADE, the U.S. Department of Defense, and the Air Force Research Lab, has launched a multi-million-dollar initiative to develop a domestic source of natural rubber from dandelions. This project aims to reduce reliance on tropical rubber supplies and strengthen U.S. production capabilities for critical materials.

Increasing demand for tires in the automotive industry

The automotive industry remains a major consumer of natural rubber, primarily for tire production. Natural rubber is a crucial component in tires due to its superior tensile strength, elasticity, and resistance to heat and wear, ensuring durability and performance. The global growth in vehicle production, driven by rising urbanization, increasing disposable incomes, and expanding logistics operations, is significantly boosting tire demand. Additionally, the shift towards electric vehicles (EVs) is further propelling the need for specialized tire designs, reinforcing natural rubber's relevance. As manufacturers focus on enhancing tire performance and sustainability, the use of high-quality natural rubber in the automotive sector is anticipated to grow steadily in the coming years.

Restraint Factor for the Natural Rubber Market

Vulnerability to pests and diseases affecting rubber plantations

Rubber plantations are highly vulnerable to pests and diseases, which pose a significant challenge to natural rubber production. Common threats include leaf blight, powdery mildew, and root rot, which can drastically reduce latex yield and compromise the quality of rubber. Additionally, pests such as termites and borers can damage rubber trees, leading to long-term plantation losses. These biological threats are exacerbated by factors such as climate change, monoculture farming, and inadequate pest management practices. For small-scale rubber farmers, the financial burden of disease prevention and treatment can be overwhelming. This vulnerability not only impacts the supply chain but also contributes to price volatility in the global natural rubber market, posing a restra...

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).

The global Rubber Market size is expected to reach USD 80.28 Billion in 2032 registering a CAGR of 5.4% Discover the latest trends and analysis on the Rubber Market. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities, and more.

In Q3 2025, North America, the Natural Rubber Price Index fell by 6.11% quarter-over-quarter, reflecting recent oversupply. Check detailed insights for Europe and APAC.

Snapshot img

Rubber Market Size 2023-2027

The rubber market size is valued to increase by 8795.35 MT, at a CAGR of 5.28% from 2022 to 2027. Increasing demand from the automotive industry will drive the rubber market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 46% growth during the forecast period.
By Application - Tires segment was valued at 16887.01 MT in 2021
By Type - Synthetic rubber segment accounted for the largest market revenue share in 2021

Market Size & Forecast

Market Opportunities: 48.32 MT
Market Future Opportunities: 8795.35 MT
CAGR from 2022 to 2027 : 5.28%

Market Summary

The market is a significant economic force, with an estimated value of USD150 billion in 2021. This sector's expansion is driven by the increasing demand for rubber products in various industries, including automotive, construction, and consumer goods. The automotive industry's growth, in particular, is a critical factor, as rubber components are essential for vehicle manufacturing, from tires and belts to seals and gaskets. Another trend shaping the market is the rising popularity of bio-adhesives, which offer environmental benefits and reduced reliance on fossil fuels.
However, the industry faces challenges, such as stringent regulations for rubber manufacturing, which aim to minimize environmental impact and ensure product safety. These regulations necessitate continuous innovation and adaptation by market participants. Despite these challenges, the market's future remains promising, with opportunities for growth in emerging economies and the development of advanced rubber technologies.

What will be the Size of the Rubber Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Rubber Market Segmented ?

The rubber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD MT' for the period 2023-2027, as well as historical data from 2017-2021 for the following segments.

Application

  Tires
  Non-tires


Type

  Synthetic rubber
  Natural rubber
  Reclaimed Rubber


End-use Industry

  Automotive
  Construction
  Consumer Goods


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The tires segment is estimated to witness significant growth during the forecast period.

The market encompasses a dynamic and evolving industry, with ongoing research and development shaping its future. Rubber's versatility is showcased in various applications, from tire manufacturing to industrial uses. In the automotive sector, tires undergo rigorous testing to ensure elasticity, resistance to wear and tear, and optimal performance. Chemical resistance testing, elastic modulus measurement, and glass transition temperature analysis are integral parts of this process. Tire compounds, such as those with high rebound resilience and excellent compression set resistance, are produced through meticulous curing temperature control and crystallinity analysis. These compounds may include tire tread formulations, which exhibit unique stress-strain behavior and shore hardness.

To ensure longevity, rubber's aging behavior is characterized through dynamic mechanical analysis, thermal degradation analysis, and creep behavior analysis. The calendering process efficiency, polymer chain length, and filler dispersion methods are crucial for optimizing production. Natural rubber latex and synthetic rubber types, like polybutadiene, undergo dynamic properties measurement and molding process parameter adjustments. Polymer blending techniques and extrusion process optimization are employed to enhance rubber's elastomer properties, including ozone resistance, fatigue resistance, and weathering resistance. The tire industry's relentless pursuit of innovation has led to advancements in rubber technology, with the global market for automobile tires projected to grow by over 6% annually.

Request Free Sample

The Tires segment was valued at USD 16887.01 MT in 2017 and showed a gradual increase during the forecast period.

Request Free Sample

Regional Analysis

APAC is estimated to contribute 46% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Rubber Market Demand is Rising in APAC Request Free Sample

The market experienced significant growth in 2022, with APAC emerging as the largest producer and consumer region. China, India, and Japan were the primary contributors to the market's revenue in APAC

The Natural Rubber Market is estimated to be valued at USD 20.3 billion in 2025 and is projected to reach USD 34.3 billion by 2035, registering a compound annual growth rate (CAGR) of 5.4% over the forecast period.

Natural Rubber Market size was valued at USD 29.36 Billion in 2020 and is expected to reach USD 34.37 Billion, delivering a CAGR of 2.1% through 2034, the market growth is likely to be driven by surging natural rubber demand from end-use applications

Snapshot img

Synthetic Rubber Market Size 2024-2028

The synthetic rubber market size is valued to increase USD 14.22 billion, at a CAGR of 5.96% from 2023 to 2028. Increasing demand for tires from rising sales of electric vehicles will drive the synthetic rubber market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 50% growth during the forecast period.
By Type - Solid segment was valued at USD 18.61 billion in 2022
By Application - Tyre segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 60.56 billion
Market Future Opportunities: USD 14223.60 billion
CAGR : 5.96%
APAC: Largest market in 2022

Market Summary

The market encompasses the production and distribution of synthetic rubber, a versatile alternative to natural rubber. This market is driven by the increasing demand for tires, particularly in the growing sales of electric vehicles, which account for over 5% of global vehicle sales. Additionally, the demand for high-performance and eco-friendly tires is on the rise, leading to the exploration of new technologies and applications. However, the market faces challenges from the growing adoption of polyurethanes in certain applications, such as foam production.
Despite these challenges, the market continues to evolve, with ongoing research and development efforts focused on enhancing the performance and sustainability of synthetic rubber. For instance, researchers are exploring the use of bio-based feedstocks to reduce the carbon footprint of synthetic rubber production. This dynamic market is expected to witness significant growth and innovation in the coming years.

What will be the Size of the Synthetic Rubber Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Synthetic Rubber Market Segmented and what are the key trends of market segmentation?

The synthetic rubber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Solid
  Liquid
  Styrene Butadiene Rubber (SBR)
  Polybutadiene Rubber (BR)
  Ethylene Propylene Diene Monomer (EPDM)
  Nitrile Rubber (NBR)
  Butyl Rubber (IIR)


Application

  Tyre
  Automotive component
  Footwear
  Industrial goods
  Others


End-use Industry

  Automotive
  Construction
  Consumer Goods
  Industrial Manufacturing
  Aerospace


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

The solid segment is estimated to witness significant growth during the forecast period.

Synthetic rubber, a type of polymer material, is gaining significant traction in various industries due to its properties that mimic natural rubber but are derived from chemical processes. This material is solid in form and is extensively used in applications such as tires, clutches, engine bearings, conveyor belts, industrial goods, and drinking water seals. The automotive, construction, electronics, manufacturing, and consumer goods sectors are major contributors to the growing demand for solid synthetic rubber. The rubber compounding process plays a crucial role in producing synthetic rubber with desired properties. Material selection criteria, such as stress-strain behavior, cure characteristics, and chemical resistance, are carefully considered during the production process.

The molecular weight and molecular modeling are essential factors in determining the final product's properties. Oil resistance testing and styrene-butadiene rubber are integral components of the market. Rheological properties, tire rubber formulation, and UV degradation are other essential aspects that influence the market's dynamics. polybutadiene rubber, abrasion resistance testing, rubber elasticity theory, neoprene rubber properties, weather resistance, viscosity measurement, chloroprene polymerization, fatigue life assessment, polymer characterization, plasticity determination, and rubber processing additives are all critical elements that contribute to the continuous evolution of the market. The market for solid synthetic rubber is expected to grow substantially, with a projected increase of 15% in the next year and a further anticipated expansion of 18% within the next five years.

The increasing demand for durable and flexible materials, especially in the automotive and construction industries, is driving this growth. Additionally, advancements in molecular modeling and the development of new rubber compounds, such as nitrile rubber and butyl

Synthetic Rubber Market Trends By Type, By Application (Tire and Tire Component, Footwear, Industrial Goods), and By Region - Global Opportunities & Forecast, 2021-2028

The global rubber market size is expected to grow at a CAGR of 5.00% during the period 2025-2034. The market is expected to be driven by important uses of rubber in different industries, including aerospace, medical, defence, printing, automotive, agriculture, etc. North America, Europe and Asia are likely to be key markets.

The Industrial Rubber Market is estimated to be valued at USD 51.8 billion in 2025 and is projected to reach USD 85.1 billion by 2035, registering a compound annual growth rate (CAGR) of 5.1% over the forecast period.

The average price of rubber at the Singapore Commodity Exchange (SICOM) in 2024 was **** U.S. dollars per kilogram. Between 2010 and 2024, the average price of rubber reached a high in 2011 of **** U.S. dollars per kilogram. In 2024, the highest monthly price of rubber was in September, at **** U.S. dollars per kilogram.
Rubber prices and producers worldwide Global rubber prices have experienced significant fluctuations in the 21st century, peaking in 2011 due to a higher demand from emerging markets, and supply constraints. These prices gradually recovered due to an increase in rubber tree cultivation and a slowdown in global demand. The increase in synthetic rubber production in China and the United States over the last two decades has similarly helped facilitate the stabilization of the global price of natural rubber through a supply increase. In 2023, Thailand was the largest natural rubber exporter in the world, with an export value totaling *** billion U.S. dollars. This accounted for roughly ** percent of the global value of natural rubber exports in 2023. The second-largest exporter in 2023 was Indonesia, which exported *** billion U.S. dollars of natural rubber.

Supply constraints of rubber Accounting for about half of global rubber production, natural rubber is an agricultural product produced from rubber trees in Southeast Asia, home to the most natural rubber exporting countries worldwide. Being an agricultural product, the trees take numerous years to mature before being harvested, a process dependent on climate and weather conditions.
The amount of replanted rubber trees in Thailand, the largest exporter of natural rubber, has decreased year-on-year since 2019 due to a slowdown in global demand. However, land-use for natural rubber harvest area is forecast to increase globally year-over-year, reaching a maximum additional *** million hectares in 2030.