Global Rubber Molding Market size was valued at USD 54.1 Billion in 2024 and is expected to reach USD 107.6 Billion by 2033, at a CAGR of 7.2% during the forecast period 2024 – 2033.
Rubber Molding Market: Overview
Rubber moulding is a manufacturing technique that involves shaping raw rubber materials into the required shape. This technique involves the use of moulds or dies in which the rubber material is injected, crushed, or transferred, enabling it to adopt the shape of the mould cavity.
One key development in the worldwide rubber moulding business is the growing need for sustainable and environmentally friendly materials and methods. This movement is being pushed by rising environmental concerns, more laws, and evolving customer preferences for greener products.
Rubber moulding manufacturers are increasingly working on creating and implementing renewable resources including bio-based elastomers, recycled rubber, and environmentally friendly additives. Furthermore, energy-efficient production procedures, decrease in waste, and recycling programmes are becoming increasingly important in the rubber moulding business.
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Businesses are investing in R&D to create innovative technologies and processes that reduce environmental effects while preserving product quality and efficacy. This trend represents a larger shift towards sustainability across industries and offers prospects for market development, distinction, and competitive edge in the global rubber molding market.
By type, the transfer molding segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. A major development in transfer moulding is the increased use of automation and robots to improve process efficiency, shorten cycle times, and improve product uniformity and quality.
By material, the ethylene propylene diene monomer segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. A notable trend in ethylene propylene diene monomer (EPDM) is the growing need for sustainable and environmentally friendly formulations, which is driven by increased awareness of eco-friendly materials and sustainability legislation.
By end user, the automotive segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. A major trend in the automobile industry is the fast growth and acceptance of electric cars (EVs), which is being pushed by growing environmental concerns, technical advancements, and government policies supporting sustainable mobility.
CMI has comprehensively analyzed the Global Rubber Molding market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Rubber Molding industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Rubber Molding Market:
- Hutchinson SA
- Freudenberg Group
- Trelleborg AB
- Continental AG
- Sumitomo Riko Company Limited
- NOK Corporation
- Cooper Standard Holdings Inc.
- Toyoda Gosei Co. Ltd.
- Dana Incorporated
- Gates Corporation
- Eaton Corporation plc
- Yokohama Rubber Company, Limited
- Zhongding Group
- HEXPOL AB
- Lauren International Ltd.
- Flexider USA Inc.
- Greene Tweed & Co.
- Elastomer Engineering Pty. Ltd.
- Ningbo Tianyuan Rubber & Plastic Products Co. Ltd.
- Nishikawa Rubber Co. Ltd.
- Others
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