The automotive rubber-molded component market is an integral part of the automotive industry, encompassing the manufacturing and distribution of various rubber components used in vehicles. These components, including seals, gaskets, hoses, and weather-strips, are made using a variety of materials such as ethylene propylene diene monomer (EPDM), natural rubber (NR), and styrene-butadiene rubber (SBR). With the increasing demand for electric vehicles (EVs) and continued advancements in automotive technology, the market is poised for significant growth over the next decade.
Automotive Rubber-Molded Component Market Overview
The global automotive rubber-molded component market, valued at USD 48.87 billion in 2025, is projected to grow to USD 84.04 billion by 2034, expanding at a compound annual growth rate (CAGR) of 6.21% throughout the forecast period from 2025 to 2034. This growth is largely driven by increasing sales of EVs and the rising adoption of advanced automotive materials.
Key Drivers of Market Growth
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Rising EV Sales: The surge in EV sales, particularly in Europe, Asia-Pacific, and North America, is significantly boosting the demand for automotive rubber products. Electric vehicles require specialized components such as seals and gaskets that prevent leakage and ensure energy efficiency.
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Technological Advancements: Continuous innovation in molding technologies is improving the quality and durability of rubber components, further driving their use in the automotive sector.
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Material Innovations: New materials such as high-performance EPDM and SBR are being increasingly used to create automotive components that offer superior strength, resistance, and longevity.
Key Market Segments
The automotive rubber-molded component market is segmented by material, component, vehicle type, and region.
By Material Type
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Ethylene Propylene Diene Monomer (EPDM): The EPDM segment holds the largest market share due to its versatility, chemical resistance, and weather resistance, which make it an ideal choice for automotive applications.
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Styrene-Butadiene Rubber (SBR): SBR is expected to witness significant growth, driven by its use in tires, gaskets, belts, and other automotive components.
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Natural Rubber (NR): While not as dominant as EPDM or SBR, natural rubber is still a key material used in various automotive applications.
By Component Type
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Seals: The seals segment holds the highest market share, with increased demand for engine seals, O-rings, and fluid seals driving the segment’s growth.
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Gaskets: Gaskets, especially those used in valve covers and exhaust manifolds, are expected to see significant growth during the forecast period.
By Vehicle Type
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Passenger Cars: This segment accounted for the largest share of the market in 2024, with growing sales of luxury and electric passenger cars worldwide.
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Commercial Vehicles: The demand for rubber-molded components in commercial vehicles is also expected to rise, driven by the increasing use of heavy-duty trucks and electric commercial vehicles.
Regional Insights
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Asia-Pacific: This region dominates the automotive rubber-molded component market, with countries like China, India, and Japan contributing significantly to both production and sales of rubber components. The rising adoption of electric buses and trucks is further driving market growth in this region.
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North America: The North American market is expected to grow at a notable CAGR during the forecast period. The presence of key automotive manufacturers and the increasing adoption of EVs contribute to this growth.
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Key Companies in the Automotive Rubber-Molded Component Market
The market is highly competitive, with several established players offering innovative rubber-molded components. Below are some of the top companies in the market:
1. Sumitomo Riko Co. Ltd
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About: Sumitomo Riko is a leading manufacturer of rubber and plastic products for the automotive industry. The company is renowned for its technological innovations and commitment to sustainability.
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Products: Rubber bearings, seals, gaskets, hoses, and other rubber components.
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Market Cap: Approx. USD 3 billion.
2. Jayem Auto Industries Pvt Ltd
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About: Based in India, Jayem Auto Industries specializes in providing rubber-molded components and other automotive parts for various vehicles, including passenger and commercial vehicles.
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Products: Seals, gaskets, hoses, and custom rubber parts for vehicles.
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Market Cap: Privately held.
3. DANA Holding Corporation
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About: Dana is a leading supplier of high-performance rubber and plastic products, serving a wide range of industries, including automotive, industrial, and off-highway.
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Products: Sealing systems, gaskets, hose assemblies, and driveline components.
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Market Cap: Approx. USD 10 billion.
4. Freudenberg and Co. KG
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About: A German multinational, Freudenberg is known for its advanced sealing technologies, including rubber components for the automotive sector.
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Products: Seals, gaskets, vibration control components, and filters.
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Market Cap: Approx. USD 4 billion.
5. Cooper-Standard Automotive
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About: Cooper-Standard Automotive is a global supplier of rubber and plastic sealing solutions for the automotive industry, known for its innovation in sealing and fluid handling technologies.
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Products: Sealing systems, fuel, brake, and fluid handling components.
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Market Cap: Approx. USD 1.4 billion.
Recent Developments
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July 2024: Dow launched NORDEL REN EPDM, designed to meet the growing demand for durable and efficient rubber solutions in automotive applications.
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April 2025: Freudenberg Sealing Technologies introduced a new high-performance sealing material specifically developed for EV battery applications.
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June 2024: YIZUMI launched a new rubber injection molding machine designed to improve the production efficiency of rubber-based automotive components.
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FAQs
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What are automotive rubber-molded components?
Automotive rubber-molded components are essential parts used in vehicles, including seals, gaskets, hoses, and weather-strips, all of which are made from rubber materials. -
What is the expected growth rate of the automotive rubber-molded component market?
The automotive rubber-molded component market is expected to grow at a CAGR of 6.21% from 2025 to 2034. -
Which material is most commonly used in automotive rubber-molded components?
Ethylene propylene diene monomer (EPDM) is the most commonly used material due to its excellent weather resistance and versatility in various automotive applications. -
Which vehicle types use automotive rubber-molded components?
Automotive rubber-molded components are used in both passenger cars and commercial vehicles, with passenger cars holding the largest market share in 2024. -
Which region dominates the automotive rubber-molded component market?
The Asia-Pacific region dominates the market, led by countries like China, Japan, and India, with significant contributions from the growing EV market.
Source : https://www.towardsautomotive.com/insights/automotive-rubber-molded-component-market-sizing
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