Thermoset Rubber Market to Grow with a CAGR of 5.10% through 2030

Growing demand of thermoset rubber in automotive and construction industries are expected to drive the Global Thermoset Rubber Market growth in the forecast period, 2026-2030

According to TechSci Research report, “Thermoset Rubber Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Thermoset Rubber Market stood at USD 36.37 Billion in 2024 and is anticipated to grow with a CAGR of 5.10% in the forecast period.

Government-led initiatives targeting the thermoset rubber industry have significantly improved market conditions for its global expansion. These strategic measures are not only fostering industrial growth but also addressing long-standing environmental concerns associated with thermoset waste.

To mitigate the ecological footprint of thermoset materials particularly vulcanized rubber, which is notoriously difficult to reprocess governments are actively deploying policy frameworks that promote structured waste management and recycling mechanisms. Financial incentives and regulatory support are being channeled toward the recovery and reuse of end-of-life tires (ELTs), which comprise a major share of non-recyclable thermoset waste. Key efforts include monitoring tire recycling compliance, supporting pyrolysis and devulcanization technologies, and implementing stringent controls to limit landfill disposal creating a circular economy model within the rubber value chain.

Thermoset rubber is experiencing increased demand in the medical and healthcare sector, where its unique material properties enable high-performance, application-specific solutions. Its chemical resistance, biocompatibility, and ability to withstand sterilization processes make it integral to the production of precision medical components such as surgical gloves, IV stoppers, catheters, and high-integrity seals and gaskets used in critical care devices.

Thermoset rubber’s dielectric strength and thermal stability render it indispensable in electrically powered medical equipment, including defibrillators, ECG machines, and patient monitoring systems where consistent insulation and reliability are non-negotiable. The material also supports the development of sophisticated drug delivery platforms, such as inhalers and insulin pens, by ensuring pharmaceutical compatibility and preserving formulation integrity under variable storage and usage conditions.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Thermoset Rubber Market”

The Global Thermoset Rubber Market is segmented into type, end user, regional distribution, and company.

Based on the category of type, the synthetic rubber segment emerged as the fastest growing segment in the global market for Thermoset Rubber in 2024. The key growth accelerators for synthetic thermoset rubber is its engineered molecular architecture, which allows manufacturers to customize properties such as heat resistance, tensile strength, abrasion resistance, and chemical stability. These attributes make synthetic thermoset rubbers such as nitrile rubber (NBR), ethylene propylene diene monomer (EPDM), and chloroprene essential in critical applications where natural rubber fails to meet performance standards, especially in harsh operating environments. The segment is witnessing surging demand from the automotive and transportation industry, where synthetic rubber is used extensively in under-the-hood applications, tires, engine mounts, and sealing systems. As automotive OEMs push for higher thermal and chemical resistance in electric vehicles and next-gen fuel systems, synthetic rubber's relevance has intensified. Notably, EPDM and silicone-based thermoset rubbers have gained traction for their durability in high-temperature and high-voltage environments. The growth of the global industrial and oil & gas sectors has further propelled demand for synthetic thermoset rubber in components such as hoses, gaskets, conveyor belts, and protective linings. These industries require materials that offer long service life, resistance to fuels and corrosive chemicals, and structural rigidity all of which are provided by high-grade synthetic thermoset rubbers.

Based on region, North America is positioned to experience the fastest growth in the global thermoset rubber market, driven by a convergence of advanced manufacturing infrastructure, regulatory alignment, and sustained demand across high-performance end-use sectors such as automotive, aerospace, medical devices, and energy. A key growth catalyst is the region’s accelerated transition toward electric vehicles (EVs) and energy-efficient mobility solutions. With the U.S. government’s aggressive EV adoption targets, including federal incentives under the Inflation Reduction Act (IRA), automakers are scaling up domestic production of EVs and related components. Thermoset rubber, particularly EPDM, silicone, and fluorosilicone, plays a critical role in these vehicles used in battery housing seals, high-voltage insulation, thermal protection systems, and NVH (noise, vibration, harshness) components. As OEMs localize supply chains to meet domestic content requirements, demand for thermoset rubber is increasing across both Tier-1 and Tier-2 suppliers. The aerospace and defense sector also contributes significantly to regional growth. North American aerospace OEMs such as Boeing and Lockheed Martin rely heavily on thermoset rubber compounds for fuel systems, insulation, and vibration damping components. These materials meet stringent FAA and DoD specifications for heat resistance, non-flammability, and mechanical endurance. The resurgence of commercial aviation post-COVID, along with increased defense spending, has reignited procurement and MRO (maintenance, repair, and overhaul) activities boosting demand for advanced rubber formulations.

Major companies operating in Global Thermoset Rubber Market are:

• Dow Chemical Company
• Reliance Industries Limited
• 3M Company
• LANXESS AG
• TSRC Corporation
• Exxon Mobil Corporation
• Sumitomo Chemical Co. Ltd.
• Evonik Corporation
• Huntsman International LLC
• Bayer AG

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“The Global Thermoset Rubber Market is entering a period of accelerated transformation, underpinned by advancements in material science, rising demand for high-performance applications, and a strategic shift toward sustainable production and end-of-life management. As industries such as automotive, aerospace, healthcare, and energy infrastructure demand materials that deliver long-term durability under extreme conditions, thermoset rubber is gaining critical relevance. With regulatory bodies promoting circularity and regional manufacturing ecosystems investing in localized value chains and R&D, the market is poised for both volume expansion and technological refinement. Stakeholders that prioritize innovation, compliance, and strategic integration into high-growth sectors will be best positioned to capture long-term value in this evolving global landscape”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Thermoset Rubber Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Natural Rubber, Synthetic Rubber), By End User (Automotive, Consumer Goods, Medical, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Thermoset Rubber Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Thermoset Rubber Market.

Contact

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

Tel: +1-332-258-6602

Email: [email protected]

Website: www.techsciresearch.com