Global Synthetic Rubber Market 2022-2028

Global Synthetic Rubber Market 2022-2028

Synthetic rubber is a man-made rubber which is produced in manufacturing plants by synthesizing it from petroleum and other minerals.The different types of synthetic rubber include neoprene, Buna rubbers, and butyl rubbers, and they are usually developed with specific properties for specialist applications. According to Gen Consulting Company, the global synthetic rubber market is set to achieve an incremental growth of USD 6.6 billion, acelerating at a CAGR of almost 4.2% during the forecast period 2022-2028.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global synthetic rubber market. It traces the market’s historic and forecast market growth. The report identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches. This study also provides an analysis of the impact of the COVID-19 crisis on the synthetic rubber industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the protection method, application, and region. The global market for synthetic rubber can be segmented by protection method: butyl rubber (isobutylene-isoprene rubber, IIR), ethylene propylene diene monomer (EPDM), polybutadiene rubber (BR), polyisoprene (IR), styrene butadiene block copolymer (SBC), styrene butadiene rubber (SBR), others. In 2021, the SBR segment made up the largest share of revenue generated by the synthetic rubber market. Synthetic rubber market is further segmented by application: automotive, building and construction, footwear, industrial, others. The automotive segment was the largest contributor to the global synthetic rubber market in 2021. Based on region, the synthetic rubber market is segmented into: Asia Pacific, Europe, North America, MEA (Middle East and Africa), Latin America. Asia Pacific is estimated to account for the largest share of the global synthetic rubber market.

The SBR market is further segmented into emulsion SBR, solution SBR. Among these, the emulsion SBR segment was accounted for the highest revenue generator in 2021.

Market Segmentation

By protection method: butyl rubber (isobutylene-isoprene rubber, IIR), ethylene propylene diene monomer (EPDM), polybutadiene rubber (BR), polyisoprene (IR), styrene butadiene block copolymer (SBC), styrene butadiene rubber (SBR), others

By application: automotive, building and construction, footwear, industrial, others

By region: Asia Pacific, Europe, North America, MEA (Middle East and Africa), Latin America

The report also provides analysis of the key companies of the industry and their detailed company profiles including ARLANXEO Holding B.V., Asahi Kasei Corporation, Dynasol Group, Exxon Mobil Corporation, Firestone Tire and Rubber Company, Goodyear Tire and Rubber Company, JSR Corporation, Kraton Corp., Kumho Petrochemical Co., Ltd., LCY Group, LG Chem Ltd., Lion Elastomers LLC, Michelin Tyre Public Limited Company, Nizhnekamskneftekhim, PetroChina Company Limited, Reliance Industries Limited), Sibur Holding PAO, China Petroleum & Chemical Corporation (Sinopec), Synthos S.A., Trinseo S.A., TSRC Corporation, Versalis S.p.A., Zeon Corporation, among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global synthetic rubber market.
• To classify and forecast the global synthetic rubber market based on protection method, application, region.
• To identify drivers and challenges for the global synthetic rubber market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global synthetic rubber market.
• To identify and analyze the profile of leading players operating in the global synthetic rubber market.

• Gain a reliable outlook of the global synthetic rubber market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.