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. 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.
Growing Public Infrastructure
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
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In 2022, the Adhesives & Sealants Segment is Expected to Account for the Largest Share of the Market
Based on product, the market is segmented into adhesives & sealants; seals & gaskets; bellows & connectors; rubber mating, flooring, & decking; bridge expansion joints; and other products. 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.
In 2022, the Natural Rubber Segment is Poised to Account for the Largest Share of the Market
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.
Key Players:
The report includes an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past years. The key players profiled 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.).
Scope of the Report
India Rubber Products Market for Civil Construction Industry, by Product
India Rubber Products Market for Civil Construction Industry, by Rubber Type
Key questions answered in the report:
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.
The India rubber products market for civil construction industry is projected to reach $311.2 million by 2029, at a CAGR of 7.1% during the forecast period.
The adhesives & sealants segment is expected to account for the largest share of India rubber products market for civil construction industry. 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. 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.
The natural rubber segment is expected to account for the largest share of India rubber products market for civil construction industry. Natural rubber is obtained by collecting milk from rubber trees called latex. 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. The benefits of natural rubber, such as high tensile strength and good resistance against environmental factors, is expected to boost the growth of this segment
Key companies operating in the India rubber products market for civil construction industry are Saga Elastomer Pvt. Ltd. (India), APL 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), Zenith Industrial Rubber Products Pvt. Ltd. (India), BASF SE (Germany), and The Dow Chemical Company (U.S.).
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
4. Market Insights
4.1. Market Overview
4.1.1. Rubber Industry Overview
4.2. Drivers
4.2.1. Growing Public Infrastructure
4.2.2. Increasing Urbanization
4.3. Opportunities
4.3.1. Implementation of Smart Technology
4.3.2. Development of the Rubber Industry
4.4. Challenges
4.4.1. Labour Shortage for Natural Rubber Tapping/Production
4.4.2. Problems Faced by the Rubber Industry
5. India Rubber Products Market for Civil Construction Industry, by Product
5.1. Introduction
5.2. Adhesives & Sealants
5.3. Rubber Matting, Flooring, and Decking
5.4. Seals & Gaskets
5.5. Bellows & Connectors
5.6. Rubber Clamps
5.7. Bridge Expansion Joints
5.8. Other Products
6. India Rubber Products Market for the Civil Construction Industry, by Rubber Type
6.1. Introduction
6.2. Natural Rubber
6.3. Styrene-Butadiene Rubber (SBR)
6.4. Chloroprene Rubber
6.5. Ethylene Propylene Diene Monomer (EPDM) Rubber
6.6. Other Rubber Types
7. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
7.1. Saga Elastomer Pvt. Ltd.
7.2. ALP Group
7.3. Shin-Etsu Chemical Co., Ltd.
7.4. Hira Industries LLC
7.5. United Rubber Industries (I) Private Limited
7.6. Apcotex Industries Ltd
7.7. Kantaflex (India) Private Ltd.
7.8. Zenith Industrial Rubber Products Pvt. Ltd.
7.9. BASF SE
7.10. The Dow Chemical Company
List of Tables
Table 1 India Rubber Products Market Size for Civil Construction Industry, by Type, 2020–2029 (USD Million)
Table 2 Types of Rubber Sealants and Their Advantages
Table 3 Types of Rubber Adhesives and Their Advantages
Table 4 India Rubber Products Market Size for Civil Construction Industry, by Rubber Type, 2020–2029 (USD Million)
Table 5 State-Wise Production of Natural Rubber (2015-2019) (Tonne)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Market Size Estimation
Figure 5 India Rubber Products Market for Civil Construction Industry Size, by Product, 2022 VS. 2029 (USD Million)
Figure 6 India Rubber Products Market for Civil Construction Industry Size, by Rubber Type, 2022 VS. 2029 (USD Million)
Figure 7 Urbanization in India (2001–2030) (% of Total Population)
Figure 8 India Rubber Products Market Size for Civil Construction Industry, by Product, 2022 VS. 2029 (USD Million)
Figure 9 India Rubber Products Market Size for Civil Construction Industry, by Rubber Type, 2022 VS. 2029 (USD Million)
Figure 10 Decreasing Import of Chloroprene Rubber (2018–2020)
Figure 11 Shin-Etsu Chemical Co., Ltd.: Financial Overview (2021)
Figure 12 Apcotex Industries Ltd: Financial Overview (2021)
Figure 13 BASF India Ltd.: Financial Overview (2021)
Figure 14 The Dow Chemical Company: Financial Overview (2021)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Feb-2024
