Global Vulcanised Rubber Seals Market to Exhibit Steady Growth with a CAGR of +2.2% from 2024 to 2035 - News and Statistics - IndexBox

Mar 29, 2025

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IndexBox has just published a new report: World - Seals Of Vulcanised Rubber - Market Analysis, Forecast, Size, Trends And Insights.

The global demand for seals of vulcanised rubber is on the rise, with market performance projected to grow at a CAGR of +2.2% in volume and +2.4% in value from 2024 to 2035. This growth trend indicates a promising future for the industry, with significant opportunities for expansion and development in the coming years.

Driven by increasing demand for seals of vulcanised rubber worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.2% for the period from 2024 to 2035, which is projected to bring the market volume to 5.5M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2024 to 2035, which is projected to bring the market value to $81.4B (in nominal wholesale prices) by the end of 2035.

In 2024, the amount of seals of vulcanised rubber consumed worldwide reduced modestly to 4.3M tons, falling by -3% compared with 2023. The total consumption volume increased at an average annual rate of +3.3% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at 4.5M tons in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

The global vulcanised rubber seal market revenue was estimated at $62.9B in 2024, growing by 4.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.3% over the period from 2013 to 2024; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Global consumption peaked at $68.3B in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

China (1.4M tons) remains the largest vulcanised rubber seal consuming country worldwide, accounting for 33% of total volume. Moreover, vulcanised rubber seal consumption in China exceeded the figures recorded by the second-largest consumer, India (574K tons), twofold. The United States (342K tons) ranked third in terms of total consumption with an 8% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in China totaled +6.8%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+7.4% per year) and the United States (-3.3% per year).

In value terms, China ($18.3B) led the market, alone. The second position in the ranking was taken by Japan ($6.6B). It was followed by India.

From 2013 to 2024, the average annual growth rate of value in China totaled +7.4%. The remaining consuming countries recorded the following average annual rates of market growth: Japan (-4.7% per year) and India (+8.4% per year).

The countries with the highest levels of vulcanised rubber seal per capita consumption in 2024 were Turkey (2.8 kg per person), France (2.3 kg per person) and South Korea (2 kg per person).

From 2013 to 2024, the biggest increases were recorded for France (with a CAGR of +8.8%), while consumption for the other global leaders experienced more modest paces of growth.

In 2024, approx. 4.1M tons of seals of vulcanised rubber were produced worldwide; flattening at the year before. The total output volume increased at an average annual rate of +3.8% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 14% against the previous year. Global production peaked at 4.2M tons in 2021; however, from 2022 to 2024, production remained at a lower figure.

In value terms, vulcanised rubber seal production stood at $67.6B in 2024 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2013 to 2024; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 9.6% against the previous year. Over the period under review, global production attained the peak level at $75B in 2021; however, from 2022 to 2024, production failed to regain momentum.

China (1.5M tons) remains the largest vulcanised rubber seal producing country worldwide, accounting for 38% of total volume. Moreover, vulcanised rubber seal production in China exceeded the figures recorded by the second-largest producer, India (571K tons), threefold. Turkey (246K tons) ranked third in terms of total production with a 6.1% share.

In China, vulcanised rubber seal production increased at an average annual rate of +6.8% over the period from 2013-2024. The remaining producing countries recorded the following average annual rates of production growth: India (+7.8% per year) and Turkey (+8.5% per year).

After three years of growth, supplies from abroad of seals of vulcanised rubber decreased by -22.3% to 752K tons in 2024. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Global imports peaked at 968K tons in 2023, and then reduced notably in the following year.

In value terms, vulcanised rubber seal imports contracted modestly to $15.1B in 2024. The total import value increased at an average annual rate of +2.1% from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Global imports peaked at $15.4B in 2023, and then dropped in the following year.

In 2024, the United States (182K tons), distantly followed by Mexico (77K tons), Germany (57K tons) and Malaysia (35K tons) were the main importers of seals of vulcanised rubber, together committing 47% of total imports. The following importers - the Czech Republic (24K tons), Poland (20K tons), the UK (20K tons), India (19K tons), China (18K tons) and France (14K tons) - together made up 15% of total imports.

Imports into the United States increased at an average annual rate of +2.9% from 2013 to 2024. At the same time, Malaysia (+10.8%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +10.8% from 2013-2024. India and the UK experienced a relatively flat trend pattern. By contrast, Germany (-2.8%), China (-3.3%), Mexico (-3.8%), France (-4.7%), the Czech Republic (-4.7%) and Poland (-5.0%) illustrated a downward trend over the same period. From 2013 to 2024, the share of the United States and Malaysia increased by +8 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($2.4B), Mexico ($2.4B) and Germany ($1.1B) appeared to be the countries with the highest levels of imports in 2024, together accounting for 40% of global imports.

Mexico, with a CAGR of +11.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

In 2024, the average vulcanised rubber seal import price amounted to $20,078 per ton, increasing by 26% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was China ($61,571 per ton), while Malaysia ($3,736 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Mexico (+16.1%), while the other global leaders experienced more modest paces of growth.

In 2024, approx. 515K tons of seals of vulcanised rubber were exported worldwide; which is down by -14.9% on 2023 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. The global exports peaked at 616K tons in 2018; however, from 2019 to 2024, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber seal exports reduced to $12.1B in 2024. The total export value increased at an average annual rate of +1.9% from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. The global exports peaked at $13.5B in 2023, and then contracted in the following year.

In 2024, China (121K tons), distantly followed by Mexico (45K tons), Germany (45K tons), Poland (38K tons) and the United States (29K tons) represented the largest exporters of seals of vulcanised rubber, together constituting 54% of total exports. The following exporters - Vietnam (20K tons), India (16K tons), Italy (12K tons), Taiwan (Chinese) (12K tons) and France (12K tons) - together made up 14% of total exports.

Exports from China increased at an average annual rate of +4.7% from 2013 to 2024. At the same time, Vietnam (+9.8%), India (+6.6%), Taiwan (Chinese) (+4.9%) and Mexico (+1.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.8% from 2013-2024. Poland and Italy experienced a relatively flat trend pattern. By contrast, Germany (-1.9%), the United States (-6.1%) and France (-7.5%) illustrated a downward trend over the same period. From 2013 to 2024, the share of China, Vietnam and India increased by +9.1, +2.5 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($1.8B), China ($1.5B) and Germany ($1.4B) were the countries with the highest levels of exports in 2024, with a combined 39% share of global exports. Mexico, Poland, Italy, France, Vietnam, Taiwan (Chinese) and India lagged somewhat behind, together comprising a further 24%.

Vietnam, with a CAGR of +10.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

In 2024, the average vulcanised rubber seal export price amounted to $23,427 per ton, growing by 5% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 5.9%. The global export price peaked in 2024 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was the United States ($62,237 per ton), while India ($10,355 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+8.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global vulcanised rubber seal market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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A Quick Overview of Market Performance

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Choosing the Best Countries to Establish Your Sustainable Supply Chain

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The Latest Trends and Insights into The Industry

The Largest Importers on The Market and How They Succeed

The Largest Exporters on The Market and How They Succeed

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles