South Korea Rubber Market Size, Share, and COVID-19 Impact Analysis, By Type (Natural and Synthetic), By Application (Tire, Non-Tire Automotive, Footwear, Industrial Goods, and Others), and South Korea Rubber Market Insights, Industry Trend, Forecasts to 2035.

South Korea Rubber Market Insights Forecasts to 2035

• The South Korea Rubber Market Size Was Estimated at USD 1,920.7 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.62% from 2025 to 2035
• The South Korea Rubber Market Size is Expected to Reach USD 3,503.2 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Rubber Market Size is anticipated to reach USD 3,503.2 Million by 2035, growing at a CAGR of 5.62 % from 2025 to 2035. Superior product attributes including abrasion and heat resistance, as well as its use as a valuable raw material in a variety of end-use industries like consumer goods, automotive, electrical, and industrial, have greatly derived the market. Rubber is a key raw material used in the manufacture of automobile tires, gloves, masks, and other personal protective equipment.

Market Overview

The production, consumption, and price patterns of natural and synthetic rubber are all included in the rubber market. Strong demand from industries like manufacturing, construction, and automotive is driving it, and the market is being greatly impacted by rising car production and infrastructure development. Rubber is a common component of many items and is essential to various industries, including manufacturing, healthcare, construction, and the automotive sector. Rubber is indispensable in many applications due to its flexibility, toughness, and resistance to abrasion, vibration, and wear. The growing demand from a variety of industries and technological developments are propelling the worldwide rubber market's notable expansion. To create a more sustainable future, the sector is adopting automation, environmentally friendly procedures, and bio-based rubber manufacturing. Reclaimed rubber is becoming more and more popular, which encourages sustainability and eases the strain on rubber production. The demand for rubber is largely driven by the automotive industry, particularly for tires and other parts. Rubber's ability to stick to metals and its resistance to heat and abrasion are the reasons for this. Rubber is used extensively in the healthcare sector for medical gloves, catheters, and other equipment because of its tensile strength, flexibility, and biocompatibility. With an emphasis on fair practices, digital monitoring, and environmental preservation, iSNR, which was introduced by the Rubber Board of India, establishes new international standards for sustainable rubber manufacturing. By offering resources and assistance for group planting and management, this program promotes the establishment of rubber-growing associations.

Report Coverage

This research report categorizes the market for South Korea rubber market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea rubber market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each South Korea rubber market sub-segment.

Driving Factors

Rubber is an essential component of tires, seals, and many other automotive parts. The desire for higher-performance tires and the expanding South Korea car fleet both greatly drive market expansion. Rubber is utilized in many different aspects of building, such as insulation, flooring, sealants, and roofing. The demand for these products is driven by urbanization and infrastructure development. Rubber is utilized in many industrial items, such as conveyor belts, belts, and hoses. The demand for these goods is being driven by industrialization and modernization in developing nations.

Restraining Factors

Environmental issues arise from the manufacture and disposal of both natural and synthetic rubber. Soot, a byproduct of the vulcanization of synthetic rubber, can cause haze, acid rain, and other environmental issues. Furthermore, breathing in soot might cause major health problems. The price and accessibility of raw materials, namely latex for natural rubber and petrochemicals for synthetic rubber, have a significant impact on the rubber industry.

Market Segmentation

The South Korea rubber market share is classified into type and application.

• The synthetic segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea rubber market is segmented by type into natural, and synthetic.  Among these, the synthetic segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. It has exceptional qualities, including hardness, flexibility, high heat resistance, and abrasion resistance. For a variety of commercial applications, these characteristics have led many consumers to switch from natural to synthetic rubber. The production of tires makes extensive use of this type. Because of its superior abrasion resistance and reputation as a more affordable alternative to natural rubber, the styrene-butadiene subtype is widely utilized in tire manufacturing.

• The tire segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea rubber market is segmented by application into tire, non-tire automotive, footwear, industrial goods, and others. Among these, the tire segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The increase in tire production across different locations. The automotive industry's increasing demand for tires is linked to this increase in manufacturing.

 Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea rubber market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Kumho Petrochemical 
• Kumho Polychem
• Kumho Tire
• KCC Corporation
• Korea Engineering Plastics (KEP)
• Kolon Industries
• SHINHAN Industrial Company
• INNORES Seal Co., Ltd.
• DSL Co., Ltd.
• Seal Tech Co., Ltd.
• Namyang Novitech Co., Ltd.
• H.K. International Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea rubber market based on the below-mentioned segments:

South Korea Rubber Market, By Type

• Natural
• Synthetic

South Korea Rubber Market, By Application

• Tire
• Non-Tire Automotive
• Footwear
• Industrial Goods
• Others