Rubber Vulcanization Market by Application (Automotive & Transportation, Medical, Industrial, Consumer Goods, and Others), By Type (Accelerator, Vulcanizing Agent, Activator, Other) and by Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022-2030

Industry Perspective

The global Rubber Vulcanization Market size was worth around USD 2.34 billion in 2021 and is predicted to grow around USD 3.79 billion by 2030 with a compound annual growth rate of roughly 5.47% between 2022 and 2030. The expansion of the aerospace industry is anticipated to generate opportunities for the rubber vulcanization market during the forecast period. Rubber Vulcanization enhances the elasticity, tensile strength, and heat resistance of natural rubber tires when combined with carbon black, sulfur, and other chemicals, resulting in a rise in demand from the aerospace industry.

Market Overview

The major factor driving the rubber vulcanization market share is the rising demand for rubber-based products in the healthcare and medical industries. The demand for rubber products over fiber and plastic products has propelled the market to great heights. The automotive and aerospace industries are among the primary industries that utilize vulcanized rubber. This contributes significantly to the expansion of industries and marketing-related sectors. The implementation of regulations leading to an expansion of the oil and gas industry has created intense market competition.

Rubber vulcanization is a process that modifies the rubber's hardness and elasticity. This process utilizes a variety of additives, such as accelerators, which catalyze the process. Rubber vulcanization is useful in numerous industries, including industrial goods, healthcare, aerospace & automotive, and many others. Cross-linking caused by sulfur vulcanization modifies the rubber's electrical and mechanical properties.

Key Insights

• As per the analysis shared by our analyst team, the global rubber vulcanization market is estimated to grow annually at a CAGR of around 5.47% over the forecast period (2022-2030) and is projected to reach USD 3.79 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate
• Based on application, the automotive & transportation segment held the largest market share in the year 2021
• Based on type, the vulcanizing agent segment dominated the market share in the year 2021
• On the basis of region, Asia-Pacific accounted largest market share in the year 2021

Growing Demand for Rubber in Different Applications to Propel Market Growth

During the forecast period, the global market is anticipated to expand significantly due to the rise in tire production and demand for the product's superior structural and mechanical properties. During the period under review, the rapid expansion of the automotive and transportation industries is anticipated to be another significant factor that will influence market direction. In addition, its use in gasket material, power transmission belts, and other applications is anticipated to boost the rubber vulcanization market growth during the period under review.

Technical Advancement in Tires Industry to Create Significant Market Expansion Opportunities

During the forecasted period, the development of innovative tires that feature high-performance rubbers that increase the product's durability is anticipated to present a substantial opportunity for market expansion. Moreover, it is anticipated that the expansion of the oil and gas industry will provide expansion opportunities for the market during the forecasted period.

The expanding use of rubber in industrial goods applications and the expansion of the aerospace and automotive industries have contributed to the expansion of the rubber vulcanization market. On the other hand, the increasing implementation by the oil and gas industry is anticipated to present growth opportunities for the rubber vulcanization market over the forecast period.

COVID-19 to Impact Positively on Healthcare Products Driving Market Growth

The COVID-19 outbreak positively and negatively affected the rubber vulcanization market. The extensive use of rubber in a variety of end-user industries, including automotive, aerospace, and consumer goods, has been severely impacted. In contrast, the widespread use of rubber in the healthcare industry for injection parts, gloves, cords, tubing, and diaphragms is anticipated to boost the market during the COVID era.

The rapid increase in COVID-19 patients is anticipated to increase demand for rubber in the healthcare industry, thereby expanding the rubber vulcanization market. In addition, the resumption of airline operations is anticipated to contribute to market expansion during the pandemic. As a result of the chemical industry's anticipated contribution, the market will gain momentum following the COVID era.

Segmentation Analysis

Based on application, the market is segmented into automotive & transportation, medical, industrial, consumer goods, and others. Automotive & transportation is anticipated to lead the market by 2030. The high production and sales of automobiles and commercial vehicles are anticipated to contribute significantly to the segment's growth in the coming years.

The vulcanization of rubber is utilized in the production of tires with high air pressure and temperature resistance. The expansion of the global automotive industry is anticipated to drive the rubber vulcanization market over the forecast period.

Based on type, the global market is segmented into acceleration, vulcanizing agent, activator, and others. The vulcanizing agent dominated the market share in the year 2021. A vulcanizing agent is a chemical compound that helps rubber retain its elasticity and increase its tensile strength. Rubber sheets are coated, filled, or grafted with vulcanizing agents to improve their adhesion and bonding. The most prevalent vulcanizing agents are sulfur, ethylene glycol (1-2% based), propylene oxide (3-30% based), and polyoxyethylene ethers (20-40% based).

Recent Development

March 2022- Shin-Etsu Chemical came up with a different one-component liquid silicone rubber product that is safer and better at vulcanizing.

Oct 2022- Celanese's proposed acquisition of DuPont's engineering polymer unit, which includes the company's mobility and materials business, has been granted conditional approval by the European Commission. The amount of the proposed acquisition is eleven billion euros.

Asia Pacific is Dominating the Market Share Due to Increasing Demand from Developing Countries

The growing demand for automotive vehicles in growth-centric countries such as India, Japan, and China, it is anticipated that APAC will dominate the global market during the forecast period. Additionally, Malaysia, Thailand, India, and Indonesia are the top four producers of rubbers in the world; this fact is expected to be a substantial factor that can strengthen the rubber vulcanization market value during the forecast period.

In addition, the ever-increasing demand for rubber vulcanizing accelerators is anticipated to be yet another important factor that will likely contribute to the expansion of the regional market during the time period under consideration.

Competitive Landscape

King Industries, Inc., Duslo, a. s., Shandong Stil Chemical Technology Co., Ltd., Weilin New Material Technology Co., Ltd, Kumho Petrochemical, Sumitomo Chemical Co., Ltd., Eastman Chemical Company, BASF SE, Arkema, Lanxess, amongst others.

The global rubber vulcanization market is segmented as follows:

By Application

• Automotive & Transportation
• Medical
• Industrial
• Consumer Goods
• Others

By Type

• Accelerator
• Vulcanizing Agent
• Activator
• Other

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America