The global market for non-automotive rubber transmission belts is projected to reach $7.5 billion by 2032, driven by technological advances, industrial growth and increasing demand across sectors including manufacturing, mining and agriculture.
The market was valued at $5.5 billion in 2024 and is expected to grow at a compound annual growth rate of 3.9% through 2032, according to Polaris Market Research.
Read MoreThe synthetic rubber market size is expected to see steady growth in the next few years. It will grow to $39.95 billion by 2030 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to growing adoption of electric vehicles, increasing demand for sustainable elastomer materials, rising investments in advanced industrial manufacturing, expansion of infrastructure and construction activities, growing use of specialty rubber compounds in electronics and healthcare.
Read MoreIndexBox projects the market to expand at a baseline compound annual growth rate of 7.2% from 2026 through 2035. Using 2025 as a base year with an index of 100, the market is forecast to reach 198 by 2035.
Read MoreThe global market for Synthetic Rubber was valued at US$19.9 billion in 2024 and is projected to reach US$24.6 Billion by 2030, at a 3.6% CAGR from 2024 to 2030 according to Research and Markets. This in-depth report analyzes trends, drivers, and forecasts to support informed decisions. It integrates the most recent global tariff developments and their impact on supply chains and sourcing. Independent analysis of annual sales and forecasts from 2024 to 2030 equips you with clear, comparable metrics.
Read MoreGlobal rubber consumption declined by 5.3% year-on-year in Q1 2026, while total rubber production contracted by 3.3%, according to the latest data released by the International Rubber Study Group (IRSG) in its Rubber Statistical Bulletin. The figures point to weakening rubber demand amid a challenging global economic environment and softer consumption across major markets.
Read MoreThe U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 330.3 million units in 2026, compared to 336.3 million units in 2025 and 332.7 million units in 2019.
Compared with 2025, Original Equipment (OE) shipments for passenger, light truck, and truck tires are expected to change by -0.7%, -1.9%, and 6.2% respectively, with a total decrease of 0.1 million units. Replacement passenger, light truck, and truck tire shipments are also projected to change by -1.6%, -1.6%, and -7.1% respectively, with a total decrease of 5.9 million units.
Read MoreThe Institute for Supply Management’s manufacturing purchasing managers index rose to 55.6 in July from 53.3 in June, topping economists’ expectations of about 54.0. A reading above 50 signals expansion in the factory sector. The July figure was the highest since May 2022 and marked the seventh straight month of growth after a prolonged contraction earlier in the recovery.
Read MoreThe global phenolic resin in tire and rubber market size was estimated at USD 1.49 billion in 2024 and is expected to reach USD 2.73 billion by 2033, growing at a CAGR of 7.0% from 2025 to 2033 according to a new report from Research and Markets. The growing automotive, construction, and manufacturing demand is driving the market.
Read MoreThe global elastomer market is projected to grow from an estimated $110.2 billion in 2026 to $147.5 billion by 2034, representing a compound annual growth rate of 3.7%, according to a new market research report from ResearchAndMarkets.com.
Read MoreThe global silicone elastomers market is entering a decade of sustained expansion, driven by accelerating demand from electric vehicles, medical devices, and advanced electronics. According to a comprehensive industry analysis by Polaris Market Research, the market size was valued at USD 8.03 billion in 2025 and is projected to reach USD 19.34 billion by 2034, expanding at a compound annual growth rate (CAGR) of 10.3% between 2026 and 2034.
Read More
