The rubber process oil market is expected to grow from US$2.717 billion in 2025 to US$3.378 billion in 2030, at a CAGR of 4.45%.
The rubber industry uses rubber process oils as the main ingredient while manufacturing tires. Rubber process oils (RPO) are used to improve the blending of rubber formulation and act as internal lubricants. Further, it facilitates the incorporation of fillers and other additives and improves certain physical characteristics and functions as a low-cost extender. These rubber process oils are used in tires, footwear, and flooring materials, among others. It improves efficiency and productivity while manufacturing rubber products. It reduces viscosity and elasticity and aids the dispersion of filters. Due to its vast use, the rubber process oil market is expected to witness significant growth during the forecast period. The rubber process oil market is segmented into type, application, and geography.
However, factors such as volatility in raw material prices and growing concerns about the usage of non-biodegradable products are currently hampering the growth of the rubber process oil market.
The growth of this market is supported by the rising sale of automobiles in this region. It is expected that the growing manufacturing activities, coupled with higher automotive demand, will create a higher demand for rubber process oils in the tire and rubber manufacturing industry in the Asia Pacific region.
Furthermore, the affirmative support of the government for the growth of the competitive rubber industry in this region is expected to fuel the market. For instance, the government of India supports the rubber industry through its National Rubber Policy 2019. The policy’s goal is to promote a well-developed value chain of the environmentally sustainable and globally competitive rubber industry. Such initiatives and government support are prime factors fuelling the growth of the rubber process oil market in this region.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 β 2031 |
| Report Metric | Details |
| Rubber Process Oil Market Size in 2025 | US$2.717 billion |
| Rubber Process Oil Market Size in 2030 | US$3.378 billion |
| Growth Rate | CAGR of 4.45% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Rubber Process Oil Market |
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| Customization Scope | Free report customization with purchase |
The rubber process oil market is analyzed into the following segments: