Global Synthetic Rubber Market Growth 2023-2029

Global Synthetic Rubber Market Growth 2023-2029

The Synthetic Rubber market covers Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (BR), Styrenic Block Copolymer (SBC), Ethylene Propylene Diene Monomer (EPDM), Butyl Rubber (IIR), Nitrile Butadiene Rubber (NBR), etc. The typical players include Arlanxeo, Sinopec, Goodyear, Kumho Petrochemical, TSRC, NKNK, JSR, LG Chem, etc.
LPI (LP Information)' newest research report, the “Synthetic Rubber Industry Forecast” looks at past sales and reviews total world Synthetic Rubber sales in 2022, providing a comprehensive analysis by region and market sector of projected Synthetic Rubber sales for 2023 through 2029. With Synthetic Rubber sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synthetic Rubber industry.
This Insight Report provides a comprehensive analysis of the global Synthetic Rubber landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synthetic Rubber portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synthetic Rubber market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic Rubber and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Synthetic Rubber.
The global Synthetic Rubber market size is projected to grow from US$ 32400 million in 2022 to US$ 37940 million in 2029; it is expected to grow at a CAGR of 37940 from 2023 to 2029.
Synthetic Rubber market is relatively concentrated with the top 10 players takes nearly 50% of the share. The global key Synthetic Rubber manufacturers include Arlanxeo, Sinopec, Kumho Petrochemical, CNPC, TSRC, ExxonMobil, Goodyear, NKNK, etc.
Geographically, Synthetic Rubber is mainly produced in North America, Europe, and Asia Pacific. Asia Pacific is the fastest-growing region, especially China, which plays a more important role in the world. Asia Pacific takes over 55% of the global market share.
In terms of product type, the Synthetic Rubber market covers Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (BR), Styrenic Block Copolymer (SBC), Ethylene Propylene Diene Monomer (EPDM), Butyl Rubber (IIR), Nitrile Butadiene Rubber (NBR), etc. Styrene Butadiene Rubber and Polybutadiene Rubber are the two major types of synthetic rubber consumed.
Synthetic rubber market applications can be split into automotive, industrial, construction, etc. Automotive is the largest market for synthetic rubber which takes over 60% market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Rubber market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Styrene Butadiene Rubber (SBR)
Polybutadiene Rubber (BR)
Styrenic Block Copolymer (SBC)
Ethylene Propylene Diene Monomer (EPDM)
Butyl Rubber (IIR)
Nitrile Butadiene Rubber (NBR)
Others
Segmentation by application
Automotive
Construction
Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Arlanxeo
Sinopec
Kumho Petrochemical
CNPC
TSRC
ExxonMobil
Goodyear
NKNK
JSR
Sibur
LG Chem
Versalis
LCY
Kraton
Zeon

Key Questions Addressed in this Report
What is the 10-year outlook for the global Synthetic Rubber market?
What factors are driving Synthetic Rubber market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Synthetic Rubber market opportunities vary by end market size?
How does Synthetic Rubber break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.