Synthetic Rubber Market Size, Trends, Analysis, and Outlook By Type (Styrene butadiene rubber (SBR), Polybutadiene Rubber (BR), Styrene block copolymer (SBC), Ethylene-propylene-diene rubber (EPDM), Butyl rubber (IIR), Acrylonitrile-butadiene rubber (NBR)

Synthetic Rubber Market Size, Trends, Analysis, and Outlook By Type (Styrene butadiene rubber (SBR), Polybutadiene Rubber (BR), Styrene block copolymer (SBC), Ethylene-propylene-diene rubber (EPDM), Butyl rubber (IIR), Acrylonitrile-butadiene rubber (NBR)), By Application (Tire, Footwear, Industrial Goods, Consumer Goods, Textiles, Others), by Country, Segment, and Companies, 2024-2032


The Synthetic Rubber Market is forecast to reach USD 42.4 Billion in 2032, registering a growth rate of 4.992% from current market size of USD 28.7 Billion in 2024. The Synthetic Rubber market is expanding rapidly due to increasing demand for high-performance and versatile rubber solutions in automotive, industrial, and consumer goods applications. Synthetic rubber offers excellent properties such as durability, flexibility, and chemical resistance. Technological advancements in rubber formulations and production processes enhance product quality and environmental compliance. The trend towards advanced materials and high-performance rubber solutions supports market growth, aligning with regulatory requirements and industry needs. Innovations in synthetic rubber technologies further drive demand across various sectors. The Synthetic Rubber market is expanding rapidly due to increasing demand for high-performance and versatile rubber solutions in automotive, industrial, and consumer goods applications. Synthetic rubber offers excellent properties such as durability, flexibility, and chemical resistance. Technological advancements in rubber formulations and production processes enhance product quality and environmental compliance. The trend towards advanced materials and high-performance rubber solutions supports market growth, aligning with regulatory requirements and industry needs. Innovations in synthetic rubber technologies further drive demand across various sectors.

Synthetic Rubber Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study delves into the latest trends and pressing challenges for industry players and investors. The Synthetic Rubber market research analyzes global market trends, key drivers, challenges, and opportunities. The "Future of Synthetic Rubber" survey report provides a market size outlook across types, applications, and other segments worldwide and by region. It offers data-driven insights and actionable recommendations for companies in the Synthetic Rubber industry.

Key market trends defining the global Synthetic Rubber demand in 2024 and Beyond

The industry remains an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play major roles.

Synthetic Rubber Market Segmentation- Industry Share, Market Size, and Outlook to 2032

The Synthetic Rubber industry comprises a wide range of segments and sub-segments. Rising demand for these product types and applications supports increased investments in niche segments. Leading companies plan to generate a large share of their future revenue growth from expanding into these niche segments. The report presents a market size outlook across segments, supporting Synthetic Rubber companies scaling up production in these sub-segments with a focus on emerging countries.

Key strategies adopted by companies within the Synthetic Rubber industry

Leading Synthetic Rubber companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Additionally, companies leverage advanced technologies to unlock opportunities and achieve operational excellence. The report details the key strategies adopted by the top 10 Synthetic Rubber companies.

Synthetic Rubber Market Study- Strategic Analysis Review

The Synthetic Rubber market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions. This includes:
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Synthetic Rubber Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Synthetic Rubber industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.

Synthetic Rubber Country Analysis and Revenue Outlook to 2032

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.

North America Synthetic Rubber Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Synthetic Rubber market segments. Similarly, strong market demand encourages Canadian Synthetic Rubber companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Synthetic Rubber Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Synthetic Rubber industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Synthetic Rubber market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Synthetic Rubber Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust consumption expenditure, and increasing investments in infrastructure drive the demand for Synthetic Rubber in Asia Pacific. In particular, China, India, and South East Asian Synthetic Rubber markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Synthetic Rubber Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Synthetic Rubber Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Synthetic Rubber market potential. Fueled by increasing consumption expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Synthetic Rubber.

Synthetic Rubber Market Company Profiles

The global Synthetic Rubber market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Company Sinopec, Denka Company Ltd, DuPont de Nemours Inc, Exxon Mobil Corp, JSR Corp, Kumho Petrochemical Company Ltd, Mitsui Chemical Inc, Nizhnekamskneftekhim, SABIC, The Dow Chemical Company, The Goodyear Tire and Rubber Company, Trinseo, Zeon Corp

Recent Synthetic Rubber Market Developments

The global Synthetic Rubber market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Synthetic Rubber Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Type

Styrene butadiene rubber (SBR)

Polybutadiene Rubber (BR)

Styrene block copolymer (SBC)

Ethylene-propylene-diene rubber (EPDM)

Butyl rubber (IIR)

Acrylonitrile-butadiene rubber (NBR)

By Application

Tire

Footwear

Industrial Goods

Consumer Goods

Textiles

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Company Sinopec

Denka Company Ltd

DuPont de Nemours Inc

Exxon Mobil Corp

JSR Corp

Kumho Petrochemical Company Ltd

Mitsui Chemical Inc

Nizhnekamskneftekhim

SABIC

The Dow Chemical Company

The Goodyear Tire and Rubber Company

Trinseo

Zeon Corp

Formats Available: Excel, PDF, and PPT


Chapter 1: Executive Summary
1.1 Study Scope
1.2 Market Definition
1.3 Report Guide
1.3.1 Country Coverage
1.3.2 Companies Profiled
1.3.3 Study Period: 2018 to 2023 and 2024 to 2032
1.3.4 Units
1.4 Abbreviations
Chapter 2. Synthetic Rubber Market Overview- H2 2024
2.1 An Introduction to the Global Synthetic Rubber Markets
2.2 Key Statistics
2.3 Region Benchmarking, 2024
2.4 Country Positioning Matrix, 2024
Chapter 3. Strategic Analysis Review
3.1 Synthetic Rubber Industry Stakeholders
3.2 Value Chain Analysis
3.3 Porter’s Five Forces Analysis
3.4 SWOT Profile
3.5 Recent Market Developments
Chapter 4. Impact Analysis and Scenario Forecasts
4.1 Russia-Ukraine Conflict Analysis
4.2 COVID-19: Post Pandemic Recovery Analysis
4.3 US Inflation and Sluggish Growth in China
4.4 Focus on Sustainability
4.5 Low Growth Case Scenario: Global Synthetic Rubber Market Outlook to 2032
4.6 Reference Case Scenario: Global Synthetic Rubber Market Outlook to 2032
4.7 High Growth Case Scenario: Global Synthetic Rubber Market Outlook to 2032
Chapter 5: Synthetic Rubber Market Dynamics
5.1 Key Synthetic Rubber Market Trends
5.2 Potential Synthetic Rubber Market Opportunities
5.3 Key Market Challenges
Chapter 6: Global Synthetic Rubber Market Analysis and Outlook to 2032
6.1 Global Market Outlook by Segments, 2021 to 2032
6.2 By Type
Styrene butadiene rubber (SBR)
Polybutadiene Rubber (BR)
Styrene block copolymer (SBC)
Ethylene-propylene-diene rubber (EPDM)
Butyl rubber (IIR)
Acrylonitrile-butadiene rubber (NBR)
By Application
Tire
Footwear
Industrial Goods
Consumer Goods
Textiles
Others
6.3 Global Market Outlook by Region, 2021 to 2032
Chapter 7: North America Synthetic Rubber Market Analysis and Outlook to 2032
7.1 North America Market Outlook by Segments, 2021- 2032
7.2 By Type
Styrene butadiene rubber (SBR)
Polybutadiene Rubber (BR)
Styrene block copolymer (SBC)
Ethylene-propylene-diene rubber (EPDM)
Butyl rubber (IIR)
Acrylonitrile-butadiene rubber (NBR)
By Application
Tire
Footwear
Industrial Goods
Consumer Goods
Textiles
Others
7.3 North America Market Outlook by Country, 2021- 2032
7.3.1 United States Synthetic Rubber Market Size Forecast, 2021- 2032
7.3.2 Canada Synthetic Rubber Market Size Forecast, 2021- 2032
7.3.3 Mexico Synthetic Rubber Market Size Forecast, 2021- 2032
Chapter 8: Europe Synthetic Rubber Market Analysis and Outlook to 2032
8.1 Europe Market Outlook by Segments, 2021- 2032
8.2 By Type
Styrene butadiene rubber (SBR)
Polybutadiene Rubber (BR)
Styrene block copolymer (SBC)
Ethylene-propylene-diene rubber (EPDM)
Butyl rubber (IIR)
Acrylonitrile-butadiene rubber (NBR)
By Application
Tire
Footwear
Industrial Goods
Consumer Goods
Textiles
Others
8.3 Europe Market Outlook by Country, 2021- 2032
8.3.1 Germany Synthetic Rubber Market Size Forecast, 2021- 2032
8.3.2 France Synthetic Rubber Market Size Forecast, 2021- 2032
8.3.3 United Kingdom Synthetic Rubber Market Size Forecast, 2021- 2032
8.3.4 Spain Synthetic Rubber Market Size Forecast, 2021- 2032
8.3.5 Italy Synthetic Rubber Market Size Forecast, 2021- 2032
8.3.6 Russia Synthetic Rubber Market Size Forecast, 2021- 2032
8.3.7 Rest of Europe Synthetic Rubber Market Size Forecast, 2021- 2032
Chapter 9: Asia Pacific Synthetic Rubber Market Analysis and Outlook to 2032
9.1 Asia Pacific Market Outlook by Segments, 2021- 2032
9.2 By Type
Styrene butadiene rubber (SBR)
Polybutadiene Rubber (BR)
Styrene block copolymer (SBC)
Ethylene-propylene-diene rubber (EPDM)
Butyl rubber (IIR)
Acrylonitrile-butadiene rubber (NBR)
By Application
Tire
Footwear
Industrial Goods
Consumer Goods
Textiles
Others
9.3 Asia Pacific Market Outlook by Country, 2021- 2032
9.3.1 China Synthetic Rubber Market Size Forecast, 2021- 2032
9.3.2 India Synthetic Rubber Market Size Forecast, 2021- 2032
9.3.3 Japan Synthetic Rubber Market Size Forecast, 2021- 2032
9.3.4 South Korea Synthetic Rubber Market Size Forecast, 2021- 2032
9.3.5 Australia Synthetic Rubber Market Size Forecast, 2021- 2032
9.3.6 South East Asia Synthetic Rubber Market Size Forecast, 2021- 2032
9.3.7 Rest of Asia Pacific Synthetic Rubber Market Size Forecast, 2021- 2032
Chapter 10: South America Synthetic Rubber Market Analysis and Outlook to 2032
10.1 South America Market Outlook by Segments, 2021- 2032
10.2 By Type
Styrene butadiene rubber (SBR)
Polybutadiene Rubber (BR)
Styrene block copolymer (SBC)
Ethylene-propylene-diene rubber (EPDM)
Butyl rubber (IIR)
Acrylonitrile-butadiene rubber (NBR)
By Application
Tire
Footwear
Industrial Goods
Consumer Goods
Textiles
Others
10.3 South America Market Outlook by Country, 2021- 2032
10.3.1 Brazil Synthetic Rubber Market Size Forecast, 2021- 2032
10.3.2 Argentina Synthetic Rubber Market Size Forecast, 2021- 2032
10.3.3 Rest of South America Synthetic Rubber Market Size Forecast, 2021- 2032
Chapter 11: Middle East and Africa Synthetic Rubber Market Analysis and Outlook to 2032
11.1 Middle East and Africa Market Outlook by Segments, 2021- 2032
11.2 By Type
Styrene butadiene rubber (SBR)
Polybutadiene Rubber (BR)
Styrene block copolymer (SBC)
Ethylene-propylene-diene rubber (EPDM)
Butyl rubber (IIR)
Acrylonitrile-butadiene rubber (NBR)
By Application
Tire
Footwear
Industrial Goods
Consumer Goods
Textiles
Others
11.3 Middle East and Africa Market Outlook by Country, 2021- 2032
11.3.1 Saudi Arabia Synthetic Rubber Market Size Forecast, 2021- 2032
11.3.2 The UAE Synthetic Rubber Market Size Forecast, 2021- 2032
11.3.3 Rest of Middle East Synthetic Rubber Market Size Forecast, 2021- 2032
11.3.4 South Africa Synthetic Rubber Market Size Forecast, 2021- 2032
11.3.4 Rest of Africa Synthetic Rubber Market Size Forecast, 2021- 2032
Chapter 12: Competitive Landscape
12.1 Competitive Analysis- Product Profile, SWOT, Financial Profiles
12.2 Key Companies Profiled in the Study
12.3 Company Sinopec
Denka Company Ltd
DuPont de Nemours Inc
Exxon Mobil Corp
JSR Corp
Kumho Petrochemical Company Ltd
Mitsui Chemical Inc
Nizhnekamskneftekhim
SABIC
The Dow Chemical Company
The Goodyear Tire and Rubber Company
Trinseo
Zeon Corp
Chapter 13: Sources and Research Methodology
13.1 Primary and Secondary Sources
13.2 Research Methodology
13.3 Data Triangulation and Validation
13.4 Assumptions and Limitations
13.5 Forecast Methodology
Appendix
A: Highlights of the H2-2024 Version (10th in the Series)
B: Conclusion and Future Recommendations
C: Customization Options
D: Contact Information
List of Figures
Figure 1: Country Analysis: Largest Market Share (%)- 2023 vs. 2032
Figure 2: GDP (Current Prices) Outlook by Country, 2010- 2032
Figure 3: Population Outlook by Country, 2010- 2032
Figure 4: Inflation Outlook by Country (%), 2024- 2032
Figure 5: Global Synthetic Rubber Market Outlook by Type, 2021- 2032
Figure 6: Global Synthetic Rubber Market Outlook by Application, 2021- 2032
Figure 7: Global Synthetic Rubber Market Outlook by Region, 2021- 2032
Figure 8: North America Synthetic Rubber Market Snapshot, H2-2024
Figure 9: North America Synthetic Rubber Market Size Forecast by Type, 2021- 2032
Figure 10: North America Synthetic Rubber Market Size Forecast by Application, 2021- 2032
Figure 11: North America Synthetic Rubber Market Share by Country, 2023
Figure 12: Europe Synthetic Rubber Market Snapshot, H2-2024
Figure 13: Europe Synthetic Rubber Market Size Forecast by Type, 2021- 2032
Figure 14: Europe Synthetic Rubber Market Size Forecast by Application, 2021- 2032
Figure 15: Europe Synthetic Rubber Market Share by Country, 2023
Figure 16: Asia Pacific Synthetic Rubber Market Snapshot, H2-2024
Figure 17: Asia Pacific Synthetic Rubber Market Size Forecast by Type, 2021- 2032
Figure 18: Asia Pacific Synthetic Rubber Market Size Forecast by Application, 2021- 2032
Figure 19: Asia Pacific Synthetic Rubber Market Share by Country, 2023
Figure 20: South America Synthetic Rubber Market Snapshot, H2-2024
Figure 21: South America Synthetic Rubber Market Size Forecast by Type, 2021- 2032
Figure 22: South America Synthetic Rubber Market Size Forecast by Application, 2021- 2032
Figure 23: South America Synthetic Rubber Market Share by Country, 2023
Figure 24: Middle East and Africa Synthetic Rubber Market Snapshot, H2-2024
Figure 25: Middle East and Africa Synthetic Rubber Market Size Forecast by Type, 2021- 2032
Figure 26: Middle East and Africa Synthetic Rubber Market Size Forecast by Application, 2021- 2032
Figure 27: Middle East and Africa Synthetic Rubber Market Share by Country, 2023
Figure 28: United States Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 29: Canada Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 30: Mexico Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 31: Germany Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 32: France Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 33: United Kingdom Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 34: Spain Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 35: Italy Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 36: Russia Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 37: Rest of Europe Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 38: China Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 39: India Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 40: Japan Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 41: South Korea Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 42: Australia Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 43: South East Asia Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 44: Rest of APAC Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 45: Brazil Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 46: Argentina Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 47: Rest of LATAM Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 48: Saudi Arabia Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 49: UAE Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 50: South Africa Synthetic Rubber Market Size Outlook, $ Million, 2021- 2032
Figure 51: Research Methodology
Figure 52: Forecast Methodology
List of Tables
Table 1: Market Scope and Segmentation
Table 2: Global Synthetic Rubber Market Size Outlook, $Million, 2021 to 2032
Table 3: Low Case Scenario Forecasts
Table 4: Reference Case Scenario Forecasts
Table 5: High Growth Scenario Forecasts
Table 6: Global Synthetic Rubber Market Size Outlook by Segments, 2021- 2032
Table 7: Global Synthetic Rubber Market Size Outlook by Region, 2021- 2032
Table 8: Country Mapping, 2023 vs. 2032
Table 9: North America- Synthetic Rubber Market Outlook by Type, 2021- 2032
Table 10: North America- Synthetic Rubber Market Outlook by Country, 2021- 2032
Table 11: Europe - Synthetic Rubber Market Outlook by Type, 2021- 2032
Table 12: Europe - Synthetic Rubber Market Outlook by Country, 2021- 2032
Table 13: Asia Pacific - Synthetic Rubber Market Outlook by Type, 2021- 2032
Table 14: Asia Pacific - Synthetic Rubber Market Outlook by Country, 2021- 2032
Table 15: South America- Synthetic Rubber Market Outlook by Type, 2021- 2032
Table 16: South America- Synthetic Rubber Market Outlook by Country, 2021- 2032
Table 17: Middle East and Africa - Synthetic Rubber Market Outlook by Type, 2021- 2032
Table 18: Middle East and Africa - Synthetic Rubber Market Outlook by Country, 2021- 2032
Table 19: Business Snapshots of Leading Synthetic Rubber Companies
Table 20: Product Profiles of Leading Synthetic Rubber Companies
Table 21: SWOT Profiles of Leading Synthetic Rubber Companies

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings