Meticulous Research®– a leading global market research company, published a research report titled “India Rubber Products Market for Civil Construction Industry by Product (Adhesive, Sealant, Flooring, Matting, Gasket, Bellows & Connectors, Bridge Expansion Joint, Clamp), Rubber Type (Natural, Styrene Butadiene, Chloroprene, EPDM) - Forecast to 2029.”
According to this latest publication from Meticulous Research®, the India rubber products market for civil construction industry is expected to grow at a CAGR of 7.1% from 2022 to 2029 to reach $311.2 million by 2029.
The growing construction industry and increasing urbanization mainly drive the growth of this market in India. Implementing smart technology in manufacturing rubber products and developing rubber industry in India are expected to create market growth opportunities. However, the shortage of labor for natural rubber tapping and problems faced by the rubber industry are major challenges to market growth.
The India rubber products market for civil construction industry study presents historical market data in terms of values (2020 and 2021), estimated current data (2022), and forecasts for 2029 – by Product (Adhesives & Sealants, Rubber Flooring, Matting, Decking, Seals & Gaskets, Bellows and Connectors, Rubber Clamps, Bridge Expansion Joints, Other Products) and Rubber Type (Natural Rubber, Styrene Butadiene Rubber, Chloroprene Rubber, Ethylene Propylene Diene Monomer (EPDM) Rubber, Other Rubber Types). The study also evaluates the value analysis of various segments and sub-segments of rubber product providers in India.
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Based on product, the adhesives & sealants segment is estimated to account for the largest share of the India rubber products market for civil construction industry in 2022. The large market share of this segment is attributed to the compatibility of rubber-based adhesives & sealants with ceramics, glass, concrete, paper, rubbers, elastomers, leather, textiles, metal, plastic, wood, porous surfaces, and even composite materials for joining and filling gaps. Rubber adhesives and sealants are flexible materials that join parts or fill gaps between seams or surfaces. Rubber adhesives and sealants are available as aerosols, sprays, films, gels, liquids, slurries, solids, pastes, powders, and putties. Rubber sealants and adhesives are ideal for joining or filling gaps in almost any material - ceramics, glass, concrete, paper, rubbers, elastomers, leather, textiles, metal, plastic, wood, porous surfaces, and even composite materials.
Based on rubber type, the natural rubber segment is estimated to account for the largest share of the India rubber products market for civil construction industry in 2022. The large share of this segment is attributed to the benefits of natural rubber, such as high tensile strength and good resistance against environmental factors, and increased production of natural rubber in India for domestic use and export. For instance, according to The Indian Rubber Journal 2021, in 2021–2022, 775,000 tonnes of natural rubber was produced in India, increasing from 715,000 tonnes in 2020–2021. Natural rubbers have high strength, low hysteresis, and good resistance to tearing and flexure. Hence, natural rubber is commonly used for preparing bonding agents, sealants, adhesives, and paints.
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The key players operating in the India rubber products market for civil construction industry report include Saga Elastomer Pvt. Ltd. (India), ALP Group (India), Shin-Etsu Chemical Co., Ltd. (Japan), Hira Industries LLC (U.A.E.), United Rubber Industries (I) Private Limited (India), Apcotex Industries Ltd (India), Kantaflex (India) Private Ltd. (India) Private Ltd. (India) Zenith Industrial Rubber Products Pvt. Ltd. (India), BASF SE (Germany), and The Dow Chemical Company (U.S.).
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