Global rubber extruder market forecast at $4 billion by 2032

Pune, India – The global rubber extruder market size is expected to reach US$ 4,021.5 Million by 2032. The rubber extruder market is growing rapidly. As per FMI analysts, the global rubber extruder market is estimated to be valued at US$ 2,399.5 Million in 2022 and is projected to increase at a CAGR of 5.3% during the forecast period according to Future Market Insights.

Over the forecast period, the rubber extruder market is expected to gain traction due to its significant drivers, such as the introduction of new and novel rubber products.

Several other factors are also expected to boost the demand for rubber extruders, such as the growing automotive manufacturing industry in emerging and developed regions and the growing consumer awareness about comfort is expected to gain traction in the overall industry of rubber extruders. Providing fuel-efficient and high-performance vehicles in the automotive industry is a key consumer demand that manufacturers are able to serve with innovative rubber products.

There is an expected increase in demand for rubber extruders from both the automotive and construction industries over the forecast period. As a result of the growing population around the world along with growing infrastructure spending, there is an expected increase in industry growth.

With a market share of 26.0% in Europe, countries such as Germany and Russia are predicted to grow during the forecast period. Stringent emission regulations are causing rubber products to become more prevalent in interior floor coverings in all types of vehicles.

The North American market with a market share of 22.0% and the Middle East market with a market share of 19.5% have lavish lifestyles and a higher standard of living, resulting in the growing use of rubber products in a number of industries such as automotive and footwear, which will drive the sales of rubber extruders in global markets.

In the future, people are expected to be more attracted to comfortable and slick rubber products, which makes the rubber extruder market likely to grow rapidly. Developing markets in the APEJ region, especially China and India, will also play an important role in the growth of the rubber extruder market. As manufacturing industries grow in countries like India and China, the rubber extruder market has tremendous growth potential. Leading manufacturers are focusing on developing innovative products with improved quality and energy efficiency, such as Japan Steel Works, Ltd.