India Rubber Products Market for Civil Construction Industry (2022-2029)
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.
- Published
- Dec 2022
- Pages
- 54
- Format
- PDF + Excel
- Report ID
- MRCHM - 104729
- Base year
- 2021
- 2029 · FORECAST
- $311.2M
- 2029
- $311.2M
- CAGR 2022–2029
- 7.1%
2021 baseline · 2022–2029 forecast at 7.1% CAGR · hover a bar for the value
Key highlights
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 adhesives & sealants segment is estimated to account for the largest share of the India rubber products market for civil construction industry in 2022.
The natural rubber segment is estimated to account for the largest share of the India rubber products market for civil construction industry in 2022.
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2021 |
| Estimated Year | 2022 |
| Forecast Period | 2022–2029 |
| Market Size (2029) | USD 311.2 million |
| CAGR (2022–2029) | 7.1% |
| Format | PDF, Excel & Cloud Portal · 54 pages |
| Segments Covered | By Product: Adhesive, Sealant, Flooring, Matting, Gasket, Bellows & Connectors, Bridge Expansion Joint, Clamp · By Rubber Type: Natural, Styrene Butadiene, Chloroprene, EPDM |
| Key Companies | ALP Group, Shin-Etsu Chemical Co., Ltd., Hira Industries LLC (U.A.E.), United Rubber Industries (I) Private Limited, Apcotex Industries Ltd, Kantaflex (India) Private Ltd. (India) Private Ltd., Zenith Industrial Rubber Products Pvt. Ltd., BASF SE, Dow Chemical Company (U.S.) |
Report overview
Segments covered: product, rubber type.
Rubber is highly elastic and flexible in nature. Rubber has various properties, such as water resistance, tear resistance, elongation, abrasion resistance, and thermal and electronic resolution. Rubber is used in different industries such as agriculture, aerospace, chemical, healthcare, mining, petroleum, printing and paper, textile, and civil and construction.
In the civil construction industry, rubber is used for making various products such as gaskets & seals, safety surfacing, rubber matting, flooring, decking, rubber sheeting, rubber moldings, rubber clamps, bellows & connectors, safety surfacing, and traffic management. Different types of rubbers are used for making civil construction products, including natural rubber, chloroprene rubber, ethylene propylene rubber, and styrene-butadiene rubber.
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.
Rubber is highly elastic and durable, remaining flexible even when exposed to a wide range of temperatures. Rubber also exhibits water resistance, thermal and electrical insulation, movement and vibration absorption properties leading to its adoption in construction and civil industry. Several products, such as joints, seals, gaskets, sealants, adhesives, and bonding agents, are used in the construction to provide extra strength and support to structures.
One of the major goals of the Indian government is to achieve a GDP of USD 5 trillion by the year 2024–2025. India needs to spend USD 1.4 trillion on infrastructure to achieve this goal. To complete this objective, the government launched a National Infrastructure Pipeline (NIP) for 2020–2025 to provide and develop transport, logistics, energy, water and sanitization, and social and commercial infrastructures for the people across the country. The investment for NIP is projected to be around USD 1.5 trillion.
Additionally, in March 2021, the parliament passed a bill to create a USD 2.5 billion development finance institution called National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in India. Such initiatives by the government to develop infrastructure at a massive scale across the country are expected to lead to the adoption of rubber products for the civil construction industry
Report infographic
Table of contents
7 chapters · 50 sections · 54 pages · click to expandSegmental analysis
| Segment | Largest share (2022) | Fastest growth (2022–2029) |
|---|---|---|
| By Product | Adhesives & Sealants | — |
| By Rubber Type | Natural Rubber | — |
By 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.
By 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, in 2021–2022, 775,000 tonnes of natural rubber was produced in India, which increased from 715,000 tonnes in 2020–2021.
Geographic analysis
Asia-Pacific
India Rubber Products Market for Civil Construction Industry, by Product Adhesives & Sealants Rubber Flooring, Matting, & Decking Seals & Gaskets Bellows and Connectors Rubber Clamps Bridge Expansion Joints Other Products (Note – Other products include traffic management, rubber fenders, and conveyor belts, among others) Natural Rubber Styrene Butadiene Rubber Chloroprene Rubber Ethylene Propylene Diene Monomer (EPDM) Rubber Other Rubber Types (Note – Other rubber types include nitrile butadiene rubber, isobutylene-isoprene rubber, and silicone rubber, among others)
Competitive landscape
- 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
- Dow Chemical Company (U.S.)
Frequently asked questions
The India rubber products market for civil construction industry covers the market size & forecasts the various rubber products offered by key market players in terms of adhesives & sealants, rubber flooring, matting, decking, seals & gaskets, bellows and connectors, rubber clamps, and bridge expansion joints, other products (traffic management, rubber fenders, and conveyor belts) in India. The report also covers the market size & forecasts the various rubber types, including natural rubber, styrene butadiene rubber, chloroprene rubber, ethylene propylene diene monomer (EPDM) rubber, other rubber types (nitrile butadiene rubber, isobutylene-isoprene rubber, and silicone rubber). The India rubber products market for civil construction industry studied in this report involves the value analysis of various segments and sub-segments of rubber products providers in India.
Cite this report
Meticulous Research. (2022). India Rubber Products Market for Civil Construction Industry - Opportunity Analysis and Industry Forecast (2022-2029) (Report No. MRCHM - 104729). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/india-rubber-products-market-for-civil-construction-industry-5413