Rubber rose to 161.50 USD Cents / Kg on June 9, 2025, up 0.31% from the previous day. Over the past month, Rubber's price has fallen 8.24%, and is down 11.70% compared to the same time last year, 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 June of 2025.

Get the latest insights on price movement and trend analysis of Natural Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

In 2024, after two years of decline, there was growth in the Indian synthetic rubber market, when its value increased by 4.5% to $1.2B. Overall, consumption, however, continues to indicate a pronounced curtailment. Over the period under review, the market reached the peak level at $2.1B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

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. Market Dynamics of Rubber Market

The automotive industry is a rapidly growing industry that relies heavily on rubber for various products. Tires, tubes, and other components of a vehicle's suspension system are made from rubber, as are adhesives used to bond various parts together. Rubber is also used to make hoses, pipes, gaskets, and roll coverings for the automotive industry. One of the main reasons for the high demand for rubber in the automotive industry is its versatility. Rubber is an excellent material for use in the suspension system of a vehicle because it is able to absorb shock and reduce vibration. In addition to its practical uses, rubber is also used in the automotive industry for aesthetic purposes. Rubber trim and seals can be used to improve the appearance of a vehicle and protect it from the elements. 
Furthermore, there is a growing demand of rubber in a number of different industries, including footwear, construction, electronics, and textiles. In the construction industry, rubber is used to make various products such as roofing membranes, flooring tiles, and seals for doors and windows. Rapidly growing construction industry all across the world expected to drive the rubber industry. 

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 Outlook of Rubber Market Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Rubber Market is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa). The Report Offers the Market Size and Forecasts in Terms of Volume (metric Tons) and Value (USD) for all the Above Segments.

Get the latest insights on price movement and trend analysis of Silicone Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

The Indonesian reclaimed rubber market dropped modestly to $83M in 2024, waning by -2.3% against the previous year. In general, consumption, however, continues to indicate a noticeable curtailment. As a result, consumption attained the peak level of $126M. From 2014 to 2024, the growth of the market failed to regain momentum.

In 2024, shipments abroad of natural rubber increased by X% to X tons for the first time since 2020, thus ending a three-year declining trend. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2024, the exports stood at a somewhat lower figure.

The global synthetic rubber market size was over USD 24.29 billion in 2024 and is anticipated to witness a CAGR of around 7.5%, crossing USD 62.19 billion revenue by 2037. Automotive segment is expected to dominate 48% share by 2037, driven by expanding automotive industry and the growing demand for electric vehicles and parts.

Get the latest insights on price movement and trend analysis of Synthetic Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

The average price of rubber at the Singapore Commodity Exchange (SICOM) in 2024 was 2.28 U.S. dollars per kilogram. Between 2010 and 2024, the average price of rubber reached a high in 2011 of 4.82 U.S. dollars per kilogram. In 2024, the highest monthly price of rubber was in September, at 2.65 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 3.6 billion U.S. dollars. This accounted for roughly 30 percent of the global value of natural rubber exports in 2023. The second-largest exporter in 2023 was Indonesia, which exported 2.5 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 5.1 million hectares in 2030.

From 2019 to 2020, the rubber and plastics end-use market output in the United States is expected to decrease by 7.8 percent, mostly due to the impacts of the COVID-19 pandemic. Appreciation of the U.S. dollar is likely to reduce costs and increase production in the chemical industry. The capacity of the chemical industry is also continuing to increase and will likely contribute to innovation and more efficient production.

Get the latest insights on price movement and trend analysis of Chloroprene Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Rubber Market Outlook

The global rubber market size was valued at approximately USD 40 billion in 2023 and is expected to reach about USD 65 billion by 2032, growing at a CAGR of around 5.5% during the forecast period. Key growth factors driving this market include the increasing demand for rubber in the automotive industry, particularly in tire manufacturing, and the rising application of rubber products across various industrial and consumer segments.

One of the primary growth drivers in the rubber market is the booming automotive industry. As the global population continues to rise and urbanization accelerates, the demand for automobiles has surged, particularly in emerging markets. This increased production of vehicles directly fuels the need for tires, which predominantly use both natural and synthetic rubber. Additionally, the trend towards electric vehicles (EVs) and lightweight automotive materials further propels the demand for specialized rubber compounds designed to meet specific performance criteria, such as reduced rolling resistance and enhanced durability.

Another significant growth factor is the expansion of the industrial sector. Rubber is a crucial component in various industrial applications, including manufacturing machinery, conveyor belts, hoses, and seals. The robust growth in industrial activities, especially in developing economies, necessitates a steady supply of high-quality rubber materials. Moreover, the advancement in industrial technologies and the expansion of sectors like construction and mining have contributed to the increased usage of rubber products, thereby propelling market growth.

Consumer goods and healthcare also play a pivotal role in the growth of the rubber market. The demand for rubber in the production of everyday items such as footwear, household products, and sports equipment is substantial. Furthermore, the healthcare sector's continuous innovation and the need for medical supplies, including gloves, tubing, and various other medical devices, drive the demand for rubber. The COVID-19 pandemic has further highlighted the importance of rubber in healthcare, boosting its consumption for medical applications.

From a regional perspective, the Asia Pacific region dominates the global rubber market, driven by significant production and consumption in countries like China, India, and Thailand. These countries not only have abundant natural rubber resources but also have rapidly expanding automotive and industrial sectors. North America and Europe follow, with established automotive industries and steady demand for industrial and consumer rubber products. The Middle East & Africa and Latin America also exhibit growth potential due to increasing industrial activities and infrastructure development.

Product Type Analysis

The rubber market is broadly classified into natural rubber and synthetic rubber. Natural rubber, derived from the latex of rubber trees, remains a vital component due to its high tensile strength and flexibility. Its application is widespread in tire manufacturing, which is a major driving force in the rubber market. Natural rubber continues to be in high demand, particularly in regions with extensive rubber plantations such as Southeast Asia. However, the market faces challenges related to fluctuating prices and supply disruptions due to environmental factors and diseases affecting rubber trees.

Synthetic rubber, on the other hand, is manufactured through the polymerization of monomers, typically derived from petroleum byproducts. Synthetic rubber's properties, such as resistance to abrasion, heat, and chemicals, make it suitable for various industrial applications. Moreover, advancements in polymer technology have led to the development of specialized synthetic rubbers like styrene-butadiene rubber (SBR) and nitrile rubber (NBR), which cater to specific industry needs. The increasing demand for high-performance rubber products in automotive and industrial sectors significantly contributes to the growth of synthetic rubber.

The interplay between natural and synthetic rubber is crucial to the overall market dynamics. While natural rubber is indispensable in certain applications due to its unique properties, synthetic rubber's versatility and consistent supply make it a preferred choice in many industrial segments. The balance between these two types of rubber is influence

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Rubber Market Size 2023-2027

The rubber market size is forecast to increase by 8795.35 MT, at a CAGR of 5.28% between 2022 and 2027.

The market is driven by the surging demand from the automotive industry, which accounts for a significant market share. This trend is attributed to the increasing production of vehicles, particularly in emerging economies, leading to an uptick in rubber consumption for tire manufacturing. Another key trend influencing the market is the growing popularity of bio-adhesives, derived from natural rubber, in various industries such as construction, packaging, and adhesives. However, the market faces challenges from stringent regulations for rubber manufacturing, particularly in relation to environmental sustainability and worker safety.
These regulations, aimed at reducing the environmental impact of rubber production and ensuring ethical labor practices, add to the production costs and may hinder market growth. Companies operating in the rubber industry must navigate these challenges by adopting sustainable production methods and ensuring compliance with regulatory requirements to remain competitive and capitalize on market opportunities.

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

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The rubber industry continues to evolve, driven by innovation and the constant pursuit of improved quality and sustainability. From manufacturing processes to product applications, rubber's versatility spans various sectors, including industrial, automotive, medical, and consumer goods. Rubber research and development efforts focus on enhancing product performance, durability, and reducing environmental impact. Bio-based rubber, derived from renewable sources, is gaining traction as a sustainable alternative to traditional synthetic and natural rubber. Quality control is paramount in rubber production, with rigorous testing and adherence to industry standards ensuring consistent product quality. Recycling and waste reduction are also key areas of focus, as the industry strives to minimize its environmental footprint.

Carbon black, a common additive in rubber, is under scrutiny for its potential environmental impact. Innovations in rubber technology aim to reduce the need for carbon black, while maintaining product performance. Rubber's diverse applications span from industrial products like coatings, adhesives, and springs, to consumer goods such as boots, gloves, and mats. In the aerospace industry, rubber components are essential for parts that require flexibility, durability, and resistance to extreme temperatures. The rubber industry's continuous dynamism is reflected in its ongoing research, development, and application of new technologies and sustainable practices. The integration of bio-based rubber into industrial processes and products underscores this evolution, as the industry adapts to meet the demands of a changing market and global consumer preferences.

How is this Rubber Industry 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 rubber industry encompasses various applications, from manufacturing automotive parts and tires to producing industrial products, coatings, and medical devices. Innovations in rubber technology have led to advancements in quality control, ensuring the production of superior rubber goods. Rubber boots, gloves, mats, and flooring are essential consumer items, while industrial applications include rubber springs, cords, and vibration dampeners. Sustainability is a key focus, with research into sustainable rubber production, recycling, and bio-based alternatives gaining momentum. Carbon black, adhesives, and testing are integral components of the rubber industry, ensuring product durability and safety.

The rubber industry's growth is driven by the automotive sector, with increasing demand for rubber parts in vehicles. Rubber compounds, such as natural and synthetic rubber, are used extensively in aerospace, roofing, insulation, and other industries. Research and development continue to drive innovation, with a focus on improving rubber's performance, durability, and sustainability.

In 2024, the global natural rubber market was finally on the rise to reach $23.1B for the first time since 2021, thus ending a two-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $25.7B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

Rubber Price: Natural: Graded RSS4 data was reported at 19,800.000 INR/100 kg in Apr 2025. This records a decrease from the previous number of 20,442.000 INR/100 kg for Mar 2025. Rubber Price: Natural: Graded RSS4 data is updated monthly, averaging 13,108.000 INR/100 kg from Jan 2002 (Median) to Apr 2025, with 279 observations. The data reached an all-time high of 23,830.000 INR/100 kg in Apr 2011 and a record low of 3,209.000 INR/100 kg in Feb 2002. Rubber Price: Natural: Graded RSS4 data remains active status in CEIC and is reported by Rubber Board. The data is categorized under Global Database’s India – Table IN.PG003: Memo Items: Rubber Price.

Access global EPDM Rubber prices in locations such as United States, China, Southeast Asia and Europe. Includes monthly historical series and forecasts. Delivered via online charts, Excel, Power BI, and API. Free preview.

In Q1 2025, the U.S. Silicone Rubber (LSR) market recorded a modest quarter-on-quarter decline of 1.62%, shaped by shifting supply-demand dynamics and evolving cost structures. The quarter opened with strong upward momentum, supported by tight supply conditions, firm feedstock pricing, and steady demand from the construction, aerospace, and electronics sectors. Dow Inc.’s reported rise in silicone volumes during Q4 2024 reflected this trend, further reinforcing early-quarter bullishness.

Why did the Isoprene Rubber Price Change in May 2025? The Isoprene Rubber Price Index in January 2025 was largely stable, but the sentiment was bearish due to muted demand from key downstream industries like automotive and construction, despite steady Isoprene Rubber production cost trend.