Automotive Molded Rubber Parts Market Revenue was valued at USD 12.6 Billion in 2024 and is estimated to reach USD 18.4 Billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.
The automotive molded rubber parts market in South Korea has been growing steadily as the automotive industry demands more durable and high-performance materials for vehicle manufacturing. As of recent years, these parts have gained traction across various vehicle components, primarily due to their resilience and cost-effectiveness. In this article, we will explore the types of molded rubber parts used in the automotive industry and the specific requirements that manufacturers and industries have in South Korea.
Automotive molded rubber parts include seals, gaskets, vibration dampers, weatherstrips, bushings, and other critical components that are essential for vehicle safety, noise reduction, and overall performance. These parts are made using high-quality rubber compounds that can withstand extreme temperatures, weather conditions, and mechanical stress. With the rise in electric vehicles (EVs) and advancements in vehicle design, the demand for automotive molded rubber parts has grown significantly in South Korea.
Key industries, including OEMs (Original Equipment Manufacturers) and Tier 1 suppliers, require automotive molded rubber parts that adhere to strict safety and performance standards. The main requirement from these industries is the durability and efficiency of the rubber compounds used. Manufacturers seek materials that provide superior resistance to wear and tear, UV degradation, and ozone exposure. Furthermore, with the increasing focus on sustainability, the automotive sector is seeking eco-friendly and recyclable rubber materials for their molded parts.
South Korea’s automotive molded rubber parts market also faces a shift in consumer expectations, with an increasing demand for quieter, more efficient vehicles. This has led to greater emphasis on the development of noise, vibration, and harshness (NVH) control parts such as vibration dampers and bushings. Moreover, automotive manufacturers are prioritizing materials that help reduce the overall weight of vehicles to improve fuel efficiency and performance, which further fuels the need for advanced rubber solutions in the market.
The automotive molded rubber parts market in South Korea is expected to continue its growth trajectory, driven by technological advancements, sustainability initiatives, and the demand for high-performance parts in the automotive sector. Companies within the industry are working on innovative rubber formulations and production processes to meet these evolving requirements, ensuring that they remain competitive in the global automotive market.
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ContiTech AG
Freudenberg
Sumitomo Riko
NOK
Toyoda Gosei
Zhong Ding
Dana
Nishikawa
Times New Material Technology
Elringklinger
Tenneco
AB SKF
Gates
Trelleborg
Ningbo Tuopu Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Automotive Molded Rubber Parts Market
Under-the-Hood Components
Interior Parts
Exterior Parts
Suspension Systems
Seals and Gaskets
Natural Rubber
Synthetic Rubber
EPDM (Ethylene Propylene Diene Monomer)
Nitrile Rubber (NBR)
Silicone Rubber
Injection Molding
Compression Molding
Transfer Molding
Blow Molding
3D Printing
OEM (Original Equipment Manufacturer)
Aftermarket
Fleet Operators
Repair and Maintenance Services
Research and Development Entities
Temperature Resistance
Durability and Longevity
Shock Absorption Quality
Chemical Resistance
Design Flexibility
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Automotive Molded Rubber Parts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Automotive Molded Rubber Parts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Automotive Molded Rubber Parts Market, By Type
6. South Korea Automotive Molded Rubber Parts Market, By Application
7. South Korea Automotive Molded Rubber Parts Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Automotive Molded Rubber Parts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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