Cellular Rubber Market Size, Forecast Report 2023-2035

Global Cellular Rubber Market Size, Forecast, Trend Highlights Over 2023 - 2035

The global cellular rubber market size is estimated to reach ~USD 18 Billion by the end of 2035 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market 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.

Global Cellular Rubber Market: 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 Players

To 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.

Global Cellular Rubber Market Segmentation

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.

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 cellular rubber 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

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Global Cellular Rubber Market Regional Synopsis

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.

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.

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.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the cellular rubber market?

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

2) What would be the CAGR of cellular rubber market over the forecast period?

Ans: The market is anticipated to attain a moderate CAGR of 6% over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the cellular rubber market growth?

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

4) Which region will provide more business opportunities for growth of cellular rubber market in future?

Ans: 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.

5) Who are the major players dominating the cellular rubber market?

Ans: 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.

6) How are the company profiles selected?

Ans: 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.

7) What are the segments in the cellular rubber market?

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

8) Which sub-segment captures the largest market size in the product type segment in the market?

Ans: 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.

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)