Cellular Rubber Market Size

Cellular Rubber Market size was over USD 8.92 Billion in 2023 and is set to exceed USD 19.5 Billion by the end of 2036, witnessing over 6.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cellular rubber is evaluated at USD 9.42 Billion. The major key factor anticipated for the growth of the market includes the rise in the rubber, space, electronics, and automotive industries. As of 2023, there are 157 Car & Automotive production businesses in the United States.

Cellular rubber is used for sealing purposes, along with shock absorption and confinement among others in the space industry. Moreover, foam blanks made from cellular rubber are used for the transportation and fitting of solar components. In addition, in the space industry, cellular rubber is used for engine seals and light seals. These rubber sheets are also often used in the manufacture of footwear and slipper soles and are mainly intended for ease of use, adaptability, and durability. Hence, these factors are expected to account for the rise in the cellular rubber market over the forecast period.

Additionally, the rubber has the capacity to rapidly bind with the metal and provide a strong weather screen. Many electrical appliances use cellular rubber for device encapsulation and vibration avoidance. The rising demand from several small and medium-sized firms offers the market an adequate buffer. As a result, these factors are projected to propel the cellular rubber market forward.