The global Synthetic Rubber Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -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).
Synthetic rubber, a versatile elastomer produced through chemical synthesis, remains essential in various industries in 2024. This synthetic material offers properties similar to natural rubber, including elasticity, resilience, and flexibility, making it suitable for a wide range of applications. In the automotive industry, synthetic rubber is utilized for manufacturing tires, seals, hoses, and automotive components due to its excellent durability, wear resistance, and weather resistance. Further, in the construction industry, synthetic rubber is used for roofing membranes, waterproofing materials, and sealants, providing protection against moisture and environmental elements. With ongoing advancements in polymer chemistry and manufacturing processes, synthetic rubber s to evolve, offering improved performance characteristics and environmental sustainability compared to natural rubber, driving its adoption in various industrial sectors.
The market report analyses the leading companies in the industry including 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, and others.
A significant trend in the synthetic rubber market is the increasing demand for green and sustainable rubber solutions across various industries. With growing environmental concerns and regulatory pressure to reduce carbon footprint, there is a shift towards the adoption of synthetic rubbers derived from renewable feedstocks and eco-friendly manufacturing processes. Manufacturers are focusing on developing synthetic rubbers with reduced environmental impact, such as bio-based rubbers derived from sources like soybean oil, palm oil, and guayule plants. Additionally, there is a rising preference among consumers for products manufactured using sustainable materials, driving the demand for eco-friendly synthetic rubbers in applications such as automotive tires, footwear, industrial hoses, and consumer goods. As sustainability becomes a key criterion for product selection and brand loyalty, the synthetic rubber market is expected to witness continued growth in green and sustainable rubber solutions.
The primary driver for the synthetic rubber market is the growth in automotive and tire manufacturing industries worldwide, which are the largest end-user segments for synthetic rubbers. As population growth, urbanization, and disposable incomes rise, there is an increasing demand for vehicles, driving the production of automotive tires and rubber components such as hoses, belts, seals, and gaskets. Synthetic rubbers offer advantages such as durability, abrasion resistance, temperature stability, and fuel efficiency, making them the preferred choice for tire tread compounds and other automotive applications. Additionally, advancements in tire technology such as run-flat tires, all-weather tires, and low rolling resistance tires drive the demand for specialized synthetic rubbers with tailored properties to meet performance requirements. As automotive manufacturers strive to meet stringent regulations for fuel efficiency, safety, and emissions reduction, the demand for synthetic rubbers with enhanced performance characteristics is expected to grow, supported by the expansion of the automotive industry globally.
A significant opportunity for the synthetic rubber market lies in the development of high-performance specialty rubbers tailored to specific end-user applications and performance requirements. Manufacturers can invest in research and development to create synthetic rubbers with superior properties such as improved wear resistance, tear strength, aging resistance, and low-temperature flexibility. Specialty rubbers such as butyl rubber, nitrile rubber, and silicone rubber offer unique characteristics that make them suitable for specialized applications in industries such as healthcare, electronics, aerospace, and oil and gas. For example, butyl rubber is used in pharmaceutical stoppers and seals, nitrile rubber is used in oil and chemical-resistant gloves and seals, and silicone rubber is used in high-temperature gaskets, wire insulation, and medical implants. By collaborating with end-users to understand their specific application needs and performance requirements, synthetic rubber manufacturers can develop customized solutions that offer value-added benefits and address niche market demands. Furthermore, there is an opportunity to innovate and differentiate synthetic rubber products through the development of novel formulations, compounding techniques, and processing methods that enhance performance, sustainability, and cost-effectiveness. By seizing these opportunities for product innovation and market diversification, synthetic rubber manufacturers can strengthen their competitive position and capture new growth avenues in the global marketplace.
Among the various types of synthetic rubber, the Styrene Butadiene Rubber (SBR) segment is the largest and most dominant player. This leadership position can be attributed to SBR is one of the most widely used synthetic rubbers, finding extensive applications in tire manufacturing due to its excellent abrasion resistance, good aging properties, and cost-effectiveness compared to natural rubber. The automotive industry, which constitutes a significant portion of the synthetic rubber market, relies heavily on SBR for tire production, as tires represent one of the largest end uses of rubber globally. Moreover, the versatility of SBR extends beyond tires to include various industrial rubber goods such as conveyor belts, hoses, footwear, and automotive parts. Additionally, the increasing demand for environmentally friendly tire formulations, driven by regulatory pressures and sustainability initiatives, further boosts the adoption of SBR, which can be easily blended with natural rubber or recycled rubber to improve tire performance and reduce environmental impact. With its widespread use, versatility, and favorable properties for tire and industrial applications, the SBR segment is poised to maintain its leadership and drive continued growth in the synthetic rubber market.
Among the diverse applications in the synthetic rubber market, the Consumer Goods segment is the fastest-growing segment. In particular, the consumer goods sector encompasses a wide range of products such as electronic devices, appliances, household items, and recreational equipment, all of which require rubber components for various purposes such as seals, gaskets, grips, and insulation. Synthetic rubber offers manufacturers flexibility, durability, and cost-effectiveness compared to natural rubber, driving its increasing adoption in consumer goods manufacturing. Moreover, the rising disposable income levels and changing consumer lifestyles contribute to the growing demand for consumer goods globally, further fuelling the market growth of synthetic rubber. Additionally, advancements in rubber compounding technologies enable the production of specialized synthetic rubber formulations tailored to meet the specific performance requirements of consumer goods applications, enhancing their suitability and driving market expansion. With the continuous innovation in consumer goods design and materials, coupled with the increasing consumer demand for high-quality and long-lasting products, the Consumer Goods segment is poised to sustain its rapid growth trajectory in the synthetic rubber market.
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
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
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
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Synthetic Rubber Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Synthetic Rubber Market Size Outlook, $ Million, 2021 to 2032
3.2 Synthetic Rubber Market Outlook by Type, $ Million, 2021 to 2032
3.3 Synthetic Rubber Market Outlook by Product, $ Million, 2021 to 2032
3.4 Synthetic Rubber Market Outlook by Application, $ Million, 2021 to 2032
3.5 Synthetic Rubber Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Synthetic Rubber Industry
4.2 Key Market Trends in Synthetic Rubber Industry
4.3 Potential Opportunities in Synthetic Rubber Industry
4.4 Key Challenges in Synthetic Rubber Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Synthetic Rubber Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Synthetic Rubber Market Outlook by Segments
7.1 Synthetic Rubber Market Outlook by Segments, $ Million, 2021- 2032
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 North America Synthetic Rubber Market Analysis and Outlook To 2032
8.1 Introduction to North America Synthetic Rubber Markets in 2024
8.2 North America Synthetic Rubber Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Synthetic Rubber Market size Outlook by Segments, 2021-2032
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 Europe Synthetic Rubber Market Analysis and Outlook To 2032
9.1 Introduction to Europe Synthetic Rubber Markets in 2024
9.2 Europe Synthetic Rubber Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Synthetic Rubber Market Size Outlook by Segments, 2021-2032
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 Asia Pacific Synthetic Rubber Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Synthetic Rubber Markets in 2024
10.2 Asia Pacific Synthetic Rubber Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Synthetic Rubber Market size Outlook by Segments, 2021-2032
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 South America Synthetic Rubber Market Analysis and Outlook To 2032
11.1 Introduction to South America Synthetic Rubber Markets in 2024
11.2 South America Synthetic Rubber Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Synthetic Rubber Market size Outlook by Segments, 2021-2032
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
12 Middle East and Africa Synthetic Rubber Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Synthetic Rubber Markets in 2024
12.2 Middle East and Africa Synthetic Rubber Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Synthetic Rubber Market size Outlook by Segments, 2021-2032
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
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
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
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
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
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Synthetic Rubber Market Size is valued at $26.1 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.7% to reach $37.7 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
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
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume