Cellular Rubber Market Size & Share, by Product Type (Sheets, Rolls); Material Type (Neoprene, EPDM, SBR Blend, Chloroprene, Natural Rubber, Silicone); Application Type (Sealing, Confinement, Isolating, Shock Absorption); End-user (Electronics, Space, Automotive, Home Furnishing, Research Organisations) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 2755
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Cellular Rubber Market size is estimated to reach ~USD 18 Billion by the end of 2035, growing at a CAGR of ~6% during the forecast period i.e., 2023-2035, in the year 2022, the industry size of cellular rubber was ~USD 8.4 Billion. The major key factor anticipated for the growth of the market includes the rise in the rubber, space, electronics, and automotive industries. As of 2023, there are 157 Car & Automotive production businesses in the United States.

Cellular rubber is used for sealing purposes, along with shock absorption and confinement among others in the space industry. Moreover, foam blanks made from cellular rubber are used for the transportation and fitting of solar components. In addition, in the space industry, cellular rubber is used for engine seals and light seals. These rubber sheets are also often used in the manufacture of footwear and slipper soles and are mainly intended for ease of use, adaptability, and durability. Hence, these factors are expected to account for the rise in the cellular rubber market over the forecast period.

Additionally, the rubber has the capacity to rapidly bind with the metal and provide a strong weather screen. Many electrical appliances use cellular rubber for device encapsulation and vibration avoidance. The rising demand from several small and medium-sized firms offers the market an adequate buffer. As a result, these factors are projected to propel the cellular rubber market forward. 


Cellular Rubber Market
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Cellular Rubber Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for the Sale of Vehicles - The top manufacturers in the automotive industry have partnered with the sealing properties of the material with the noise reduction property and have come up with a means of automotive applications for the EPDM type of cellular rubber. In order to seal the doors and tubes of the vehicle, for making tires and other components of the vehicle, the manufacturers use cellular rubber. Moreover, the rubber has the property to bond quickly with the metal and provide a strong shield against the weather. According to the International Organization of Motor Vehicle Manufacturers (OICA), worldwide vehicle sales enhanced to 56 million in 2021 from 53 million in 2020. In comparison, worldwide car manufacturing was expected to reach 57 million in 2021.
  • Rising Requirement of Electronic Devices -Cellular rubber is used in many electronic devices for the sealing and isolation of the vibrations in the devices. Further, there are certain properties of cellular rubber that can be customized to cater to the specific requirements in the range of applications for electronic devices. The increasing demand from many small and medium enterprises is giving enough cushion to the market. Hence, these factors are anticipated to account for the growth of the cellular rubber market. Global revenue in the Consumer Electronics market is expected to reach $1,028.00 billion in 2023. 
  • Increased Utilization of Sports Equipment- Sports like cricket and basketball, for instance, necessitate the use of rubber to create balls for the internal framework. Wetsuits for scuba diving can also be manufactured of cellular rubber. In 2019, 19.3 percent of the U.S. population participated in sports and exercise on a daily basis, according to the Bureau of Labour Statistics.
  • Rising usage in Environmental Sealing- Silicone cellular rubber is employed in environmental sealing to prevent dust, air, and moisture from penetrating exterior additions such as HVAC systems, lighting fixtures, and electronic enclosures. Air pollution is responsible for 11.65% of all fatalities worldwide. It is also a major risk factor for the burden of illness.

Challenges

  • Variations in the Cost of Raw Material and Competition among Top Market PlayersTo dominate the market and gain market share, many companies are adopting unstable prices of raw materials. Unexpected fluctuations in the prices of raw materials and unstable weather conditions affect the market for cellular rubber. Further, the increase or decrease in the prices of raw materials directly impacts the production of most industries. These factors are expected to hamper the market growth of cellular rubber over the forecast period.
  • Increased competitiveness in the oil and gas industry.
  • Unpredictable weather conditions.

Cellular Rubber Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~6%

Base Year Market Size (2022)

~ USD 8.4 Billion

Forecast Year Market Size (2035)

~ USD 18 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Cellular Rubber Segmentation

Material Type (Neoprene, EPDM (Ethylene Propylene Diene Monomer, Chloroprene, Natural Rubber, SBR Blend,Silicone)

The market is segmented by product type, material type, application type, end-user, and by region. The material type is further segmented into neoprene, SBR blend, EPDM (Ethylene Propylene Diene Monomer), silicone, natural, chloroprene, and others. The natural cellular rubber market is predicted to hold the leading share on the account of well-targeted research & development in the automotive, chemical, and other industries to expand the uses of cellular rubber. Owing to its great elasticity, vibration-dampening qualities, and abrasion resistance, natural rubber has gained popularity over synthetic rubber. As a result, it is critical for both the building and automobile sectors. The expansion of the vehicle business in several nations is expected to enhance the need for natural rubber manufacturing. In addition, the recent increase in demand for latex-based items such as catheters, protective gloves, and belts has driven up global demand for natural rubber. Natural rubber is a crucial raw material employed in the manufacturing of more than 40,000 products. 

Product (Cellular Rubber Sheets, Cellular Rubber Rolls)

The global cellular rubber market is also segmented and analyzed for demand and supply by product type cellular rubber sheets and cellular rubber rolls. Amongst these two segments, the sheets segment is expected to have the biggest market share. The microcellular rubber sheet is compact and flexible, and it is typically paired with microporosity particles. Considering its ease of use and capacity to provide excellent insulation, cellular rubber sheets are used in sectors such as transportation, aviation, and electronics. It is also an excellent alternative for sealing or shielding. Cellular rubber sheets are accessible in a variety of widths and widths and are constructed from diverse materials including NBR, neoprene, and EPDM. As a result of their exceptional durability against aging, corrosion, ozone, oxygen, and other compounds, EPDM cellular rubber sheets are commonly employed as sealants against liquids, aluminum and wooden windows, and door frameworks.

Our in-depth analysis of the global market includes the following segments:

        By Product

  • Cellular Rubber Sheets
  • Cellular Rubber Rolls

        By Material Type

  • Neoprene
  • EPDM (Ethylene Propylene Diene Monomer)
  • Chloroprene
  • Natural Rubber
  • SBR Blend
  • Silicone
  • Others

        By Application

  • Sealing
  • Confinement
  • Isolating
  • Shock Absorption

        By End-User

  • Electronics
  • Automotive
  • Space
  • Home Furnishing
  • Research Organisations
  • Others

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Cellular Rubber Industry - Regional Synopsis

APAC Market Statistics

The market in Asia Pacific and North America is anticipated to be the most potential markets for growth on the back of the presence of major rubber and automotive industries in the region. The Asia Pacific is estimated to witness relatively high growth in terms of value on the account of customizable properties catering to specific requirements. In addition, investments in the automotive industry are rising daily. India and China are two major regions in the Asia Pacific that are scaling up the size of their manufacturing sector and India is progressing into a major cellular rubber exporter. These reasons are expected to fuel the market growth of cellular rubber over the forecast period.

North American Market Forecast

Throughout the forecast period, North America is expected to account for the fastest CAGR in the cellular rubber market. The emergence of numerous end-use industries, as well as increased vehicle manufacturing and distribution, are expected to contribute to market expansion in this region. Furthermore, increased customization of cellular rubber to satisfy individual client needs, particularly in the United States, is expected to encourage market expansion.

Europe Market Forecast

During the projected period, Europe is expected to hold the major share of the cellular rubber market. The region's automobile sector's continued expansion is projected to propel the region's cellular rubber market growth. The increased demand for automobiles in the region is mostly due to expanding consumer buying power, an increase in the number of dual-income households, an increase in the working class, and the nations' flourishing economies. As a result of its sealing and noise-cancellation qualities, cellular rubber is rapidly becoming prevalent in the automotive industry. In 2021, German automakers manufactured more than 15.6 million automobiles. German firms account for 15 of the world's top 75 automobile suppliers. The EPDM cellular rubber attaches quickly to metal and functions as a reliable weather protection; it also safeguards car parts from environmental and road surface hazards as well as vibrations.

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Cellular Rubber Market Size
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Companies Dominating the Cellular Rubber Landscape

top-features-companies
    • Hanna Rubber Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Rubbermill
    • American Foam Rubber
    • Chicago Wilcox Manufacturing Company
    • Stockwell Elastomerics
    • Rogers Foam Corporation
    • Saint Gobain Performance Plastics
    • GCP Applied Technologies Inc
    • Monmouth Rubber & Plastic Corporation
    • Foam Rubber LLC
    • Reilly Foam Company
    • Colonial Diversified Polymer Products LLC

In-the-news

In The News

  • Reilly Foam Company completed its ISO 9001:2015 and 13485:2016 accreditation Bloomfield, CT, and Naperville, IL. This allows Reilly Foam to highlight its superior goods.
  • Colonial Diversified Polymer Products LLC began employing foam rubber, widely referred to as cellular rubber, to generate a superior quality sealant rather than plastic-based foaming substances.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 2755
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising environment awareness and increasing use of bio-polymers are the major factors driving the market growth.

The market is anticipated to attain a moderate CAGR of 6% over the forecast period, i.e., 2023-2035.

Low cost of cellular rubber products, which makes transportation costlier than overall product price is the major factor estimated to hamper the market growth.

The market in Asia Pacific is estimated to garner the largest market share owing to the growing automotive industry in the region, which creates further growth opportunities.

The major players in the market are Rubbermill, American Foam Rubber, Chicago Wilcox Manufacturing Company, Stockwell Elastomerics, Rogers Foam Corporation, Saint Gobain Performance Plastics, GCP Applied Technologies Inc, Monmouth Rubber & Plastic Corporation, Foam Rubber LLC, Reilly Foam Company, Colonial Diversified Polymer Products LLC.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product type, by material type, by application type, by end user and by region.

The cellular rubber sheets segment is anticipated to hold largest market over the forecast period as they are used to make carbon fibres and other bio-polymers.
Cellular Rubber Market Report Scope
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