Home Advanced Materials Rubber Molding Market Forecast Analysis, 2032

Rubber Molding Market

Global Rubber Molding Market: Information by Type (Injection Molding, Transfer Molding, Compression Molding), Material (Ethylene Propylene Diene Monomer (EPDM), Styrene-Butadiene Rubber (SBR), Natural Rubber (NR)), and By Region (North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SRAM56303DR
Study Period 2020-2032 CAGR 3.1%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD 673.6 million
Forecast Year 2032 Forecast Year Market Size USD 886.6 million
Largest Market Asia-Pacific Fastest Growing Market North America
The sample report only takes 30 secs to download, no need to wait longer.

Market Overview

The global rubber molding market size was valued at USD 673.6 million in 2023 and is projected to reach USD 886.6 million by 2032, registering a CAGR of 3.1% during the forecast period (2024-2032). Increased demand from the automotive industry and expanding urbanization activities are significant market drivers boosting the Rubber Molding Market growth.

Rubber moulding is a manufacturing process that transforms raw rubber materials into various final goods or components. This method involves heating and shaping rubber components in a mould to create parts of precise sizes, shapes, and qualities. Rubber moulding is widely used in many industries to make seals, gaskets, O-rings, hoses, diaphragms, grommets, and automobile parts.

Technological improvements and ecological initiatives are driving a transformation in the rubber moulding sector. Manufacturers use innovative rubber moulding techniques to address the need for complicated and high-precision components in the automotive, aerospace, and healthcare industries. Eco-friendly materials and procedures are becoming increasingly popular due to environmental concerns and legal restrictions. This includes developing bio-based rubber compounds and implementing recycling and waste reduction strategies. The industry is seeing increased demand for customized solutions and digitalization to improve production efficiency and flexibility.

Highlights

  • Injection Molding topped the market by type.
  • Ethylene Propylene Diene Monomer (EPDM) dominates the market in terms of material.

Market Dynamics

Global Rubber Molding Market Drivers:

Growing Demand from the Automotive Industry

The automobile industry is a major global consumer of rubber-molded products, and demand is strongly related to vehicle production. According to figures from the International Organization of Motor Vehicle Manufacturers (OICA), worldwide vehicle production will exceed 93.5 million units in 2023. This production output includes vehicles such as passenger cars, light commercial vehicles, trucks, and buses.

In addition, the automotive industry's emphasis on lightweight and fuel efficiency drives demand for innovative rubber moulding technologies. As automobiles try to be lighter and more fuel-efficient, manufacturers increasingly resort to rubber moulded components instead of heavier metal and plastic ones. Rubber composites, thermoplastic elastomers (TPEs), and liquid silicone rubber (LSR) lighten vehicles while retaining durability, flexibility, and performance.

Furthermore, the development of electric and self-driving car technologies is changing the automotive environment and influencing demand for rubber-molded products. Rubber seals, gaskets, and hoses that can endure high temperatures and chemical exposure are required in battery packs and power electronics for electric vehicles (EVs). Similarly, autonomous vehicles use rubber vibration isolators and dampening technologies to improve ride comfort and stability in the absence of traditional internal combustion engines.

Global Rubber Molding Market Restraints:

Volatility in Raw Material Prices

Natural rubber, obtained from the latex of rubber trees, is an essential raw material in rubber moulding. Natural rubber prices fluctuate due to climatic conditions, supply-demand dynamics, and geopolitical conflicts in key rubber-producing regions such as Southeast Asia (e.g., Thailand, Indonesia, Malaysia). For example, bad weather occurrences such as floods or droughts can damage rubber tree cultivation, resulting in supply shortages and price increases. In contrast, periods of oversupply or low demand may result in price reductions. In the third quarter of 2023, North American natural rubber prices fluctuated steadily. Starting at USD 1,345 per metric ton in July, they steadily fell to USD 1,140 per ton in September, representing a 5.77% average quarterly reduction.

Another key raw material in rubber moulding is a synthetic rubber made from petroleum-based feedstocks or chemical processes. Crude oil prices, feedstock availability, manufacturing capacity, and technological advancements control prices for synthetic rubber. Brent crude oil's average daily market price in 2023 was USD 82 per barrel, close to the USD 83 per barrel forecast in the US Energy Information Administration's (EIA) January 2023 Short-Term Energy Outlook (STEO). However, prices were generally lower than expected in the first half of the year, rising in the second half. Brent crude oil prices concluded the year at USD 78 per barrel, USD 4 lower than the start of the year. In 2023, the average spot price for West Texas Intermediate crude oil was USD 77.58 per barrel, down roughly USD 17 from the previous year. 

Moreover, crude oil price volatility, geopolitical tensions in oil-producing countries, and changes in petrochemical market dynamics can all impact synthetic rubber manufacturing costs and, as a result, market prices. 

Global Rubber Molding Market Opportunity:

Expansion in Infrastructure and Construction Projects

Infrastructure development is a top concern for governments and corporate investors worldwide as they address urbanization, population expansion, and economic development. Global infrastructure investment must total USD 94 trillion in 2040 to accommodate the rising demand for transportation, energy, water, and telecommunications facilities. Rubber moulded goods have numerous applications in building projects, including sealing, insulation, and vibration control. This provides a significant opportunity for rubber moulding enterprises to supply materials for infrastructure projects.

Similarly,  China's Belt and Road Initiative (BRI) seeks to improve infrastructure and connectivity in Asia, Africa, and Europe by investing in transportation, energy, and telecommunications projects. Rubber moulding enterprises can provide products for BRI projects, including bridges, trains, and ports. The United States plans to invest in infrastructure renewal and modernization through measures such as the Infrastructure Investment and Jobs Act. Rubber moulding products will be required for projects involving road, bridge, public transportation, and water infrastructure improvements.

Furthermore, according to the United Nations, more than 68% of the world's population is expected to reside in cities by 2050, increasing demand for housing, transportation, utilities, and public services. Rubber moulding goods are essential in urban infrastructure development, assisting with building construction, road construction, and utility installation.

Regional Analysis

The global rubber molding market analysis is conducted in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

Asia-Pacific Dominates the Global Market

Asia-Pacific is the most significant global rubber molding market shareholder and is estimated to grow at a CAGR of 3.4% over the forecast period. Several factors, including fast industrialization, expanding automotive and construction sectors, and increased infrastructure investments, contribute to the solid expansion that the rubber moulding industry enjoys in Asia. Countries such as China, India, and Japan are experiencing considerable demand for rubber-moulded products across various industries, which is driving the expansion of the market internationally. A further factor contributing to the demand for rubber moulding is the region's emphasis on technical improvements, which positions Asia-Pacific as a significant growth market for the sector, combined with rising disposable incomes and urbanization. 

Additionally, the industrial sector in China is experiencing significant growth, particularly in the automotive, electronics, and construction industries. This growth is driving the market for rubber moulding in China, which is experiencing substantial growth. At the same time, as manufacturers are looking for dependable and effective solutions, there is an increasing demand for high-quality rubber components such as seals, gaskets, and O-rings. In addition, developments in rubber moulding technology, in conjunction with steps taken by the government to encourage innovation and industrial development, are further fueling the expansion of the market. China's status as a global industrial hub contributes significantly to the country's influence on market trends.

Furthermore, the increased presence of South Korea in the rubber moulding market can be linked to the country's advanced technological capabilities as well as its competence in precision moulding processes. Rubber moulded products of superior quality are manufactured by Korean enterprises. These products are designed to conform to stringent industry standards and suit the requirements of demanding applications in the consumer goods, electronics, and automotive industries. A further strengthening of the nation's position in the global market has been achieved through establishing strategic alliances with multinational corporations centred on research and development and a dedication to environmentally responsible manufacturing techniques. 

North America is anticipated to exhibit a CAGR of 2.9% over the forecast period. As a result of the robust automotive industry in North America, there is a significant need for rubber-molded components utilized in automobiles. These components include hoses, gaskets, and seals. In addition, the expanding industrial sector in North America, which encompasses the aerospace, electronics, and construction industries, places a high value on rubber-molded products for various purposes, including sealing, vibration dampening, and insulation.

In addition, the United States is experiencing consistent expansion in the rubber moulding market due to its well-established industrial infrastructure and its strengths in research and development. Companies in the United States are developing innovative rubber-molded products to satisfy the ever-changing requirements of important industries such as the construction, electronics, and automobile industries. A further strengthening of the nation's position in the global market can be attributed to the country's concentration on automation, the dissemination of technology, and sustainability.

Europe holds a significant market share. The Rubber Molding market in Europe is anticipated to experience a high CAGR between 2024 and 2032. The reason for this is that there has been an increase in the demand for automobiles in the region and an accumulation of infrastructure development. In addition, Germany's rubber moulding market held the biggest market share. In contrast, the rubber moulding market in the United Kingdom was expanding at the fastest rate in the European region. 

As a result of its superior manufacturing skills and emphasis on innovation, the United Kingdom is quickly becoming a prominent player in the rubber moulding market. Rubber moulded products, such as seals, gaskets, and hoses, are manufactured by companies in the United Kingdom. These products are of a high quality and conform to stringent industry requirements. These products are used in various applications across various industries, including the automotive, aerospace, and healthcare sectors. Additionally, the country's competitiveness in the international market can be attributed to the robust supply chain networks and skilled workforce that it already possesses.

Report Scope

Report Metric Details
Segmentations
By Type
  1. Injection Molding
  2. Transfer Molding
  3. Compression Molding
  4. Others
By Material
  1. Ethylene Propylene Diene Monomer (EPDM)
  2. Styrene-Butadiene Rubber (SBR)
  3. Natural Rubber (NR)
  4. Other
Company Profiles RotaDyne Precision Engineering Private Limited Dow Chemical Company Vuteq USA Inc. Continental AG Federal-Mogul Corporation Sumimoto Riko Co. Ltd Cooper Standard Buildings Inc. DANA Holding Corporation Freudenberg and Co NOK Corporation
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Singapore Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Segmental Analysis

The global rubber molding market is segmented based on type and material.

The market is further segmented by type into Injection Molding, Transfer Molding, and Compression Molding.

The injection moulding segment dominates the market, accounting for the majority of market revenue due to the benefits this moulding type provides, such as automatic material feeding, applicability in high precision applications, closed mould injection, and high repeatability. Rubber injection moulding is a cost-effective procedure for large batches of medium to high-precision components, and it can produce over-moulded components with minimal material waste. Furthermore, the transfer and moulding method has several advantages, including shorter production cycle times than standard compression types and high-precision applications. 

Transfer moulding is a rubber moulding technique incorporating compression and injection moulding features. Transfer moulding involves placing uncured rubber material into a heated chamber known as a "pot." A plunger or piston pushes the material into a mould cavity via channels known as "runners" and "sprues." Once inside the mould cavity, the material is crushed and hardened under heat and pressure to form the desired component. Transfer moulding is ideal for creating parts with detailed designs, precise tolerances, and high-quality surface finishes. It is widely utilized in small to medium production runs and moulding complex shapes or pieces with delicate details.

By material, the segment can be further bifurcated into Ethylene Propylene Diene Monomer (EPDM), Styrene-Butadiene Rubber (SBR), and Natural Rubber (NR).

The ethylene propylene diene monomer (EPDM) dominates the market due to expanding automotive demand, increasing electric car penetration, and government requirements. EPDM is a synthetic rubber composition renowned for its superior weather, heat, and ozone resistance. It is often utilized in outside applications subject to harsh weather conditions, such as automotive seals, roofing membranes, and outdoor seals and gaskets. EPDM is highly durable, flexible, and resistant to UV radiation, chemicals, and temperature fluctuations. EPDM is preferred in rubber moulding because it retains qualities across a wide temperature range and is compatible with various moulding techniques, including injection moulding, compression moulding, and extrusion.

SBR is a synthetic rubber compound made from styrene and butadiene monomers. It is renowned for its versatility, low cost, and excellent abrasion resistance. SBR is utilized in various applications, including tires, conveyor belts, footwear, and industrial rubber products. In rubber moulding, SBR is preferred due to its ease of processing, good physical qualities, and compatibility with compression and injection moulding methods. SBR can be compounded to obtain specified performance qualities like hardness, tensile strength, and resistance to oil, heat, and weathering, making it ideal for various moulding applications.

Market Size By Type

Market Size By Type
  • Injection Molding
  • Transfer Molding
  • Compression Molding
  • Others
  • Recent Developments

    • January 2024- Moldex3D collaborated with Shin-Etsu Silicones of America, M.R. Mold and Engineering, and SIMPATEC. Based on Shin-Etsu's optical LSR grade, this collaborative study focuses on mould, injection, and cure flaws. The demonstration mould's strategic design, with four chambers, two looking upwards and two facing downwards, demonstrates the sensitive role of gravity in LSR moulding.

    Key Players

    Rubber Molding Market Share of Key Players

    Rubber Molding Market Share of Key Players
    RotaDyne Precision Engineering Private Limited Dow Chemical Company Vuteq USA Inc. Continental AG Federal-Mogul Corporation Sumimoto Riko Co. Ltd Cooper Standard Buildings Inc. DANA Holding Corporation Freudenberg and Co NOK Corporation Others

    Frequently Asked Questions (FAQs)

    What is the estimated growth rate (CAGR) of the global autoclaved aerated concrete market?
    The global rubber molding market size was valued at USD 673.6 million in 2023 and is projected to reach USD 886.6 million by 2032, registering a CAGR of 3.1% during the forecast period (2024-2032).
    Asia-Pacific has the largest share of the autoclaved aerated concrete market.
    Growing Demand from the Automotive Industry are the key driver for the growth of the autoclaved aerated concrete market.
    The key players in the global autoclaved aerated concrete market include RotaDyne Precision Engineering Private Limited, Dow Chemical Company, Vuteq USA Inc., Continental AG, Federal-Mogul Corporation, Sumimoto Riko Co. Ltd, Cooper Standard Buildings Inc., DANA Holding Corporation, Freudenberg and Co, NOK Corporation


    We are featured on :