The Market Reports

Synopsis
The global market for Synthetic Rubber was estimated to be worth US$ 34580 million in 2024 and is forecast to a readjusted size of US$ 40190 million by 2031 with a CAGR of 2.2% during the forecast period 2025-2031.
Synthetic rubber is a man-made elastomer derived from petrochemical feedstocks such as butadiene, styrene, and isoprene. Unlike natural rubber, which is harvested from rubber trees, synthetic rubber is produced through controlled polymerization processes, allowing for customized properties suited to specific industrial applications. The most common types of synthetic rubber include Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (BR), Styrenic Block Copolymers (SBC), Ethylene Propylene Diene Monomer (EPDM), Butyl Rubber (IIR), and Nitrile Butadiene Rubber (NBR). These elastomers offer advantages such as improved resistance to heat, chemicals, and abrasion, making them indispensable in industries ranging from automotive and industrial manufacturing to construction and healthcare.
Industry Structure and Key Market Players
The synthetic rubber industry is relatively concentrated, with the top 10 manufacturers accounting for nearly 50% of the market share. Leading global players include Arlanxeo, Sinopec, Goodyear, Kumho Petrochemical, TSRC, NKNK, JSR, LG Chem, and ExxonMobil, all of which have established extensive production and distribution networks. Synthetic rubber production is primarily located in North America, Europe, and Asia-Pacific, with Asia-Pacific emerging as the dominant and fastest-growing region, capturing over 55% of the global market share. China plays a particularly crucial role in the industry, benefiting from strong domestic demand and substantial investment in production facilities. The industry is characterized by economies of scale, technological advancements in polymer chemistry, and ongoing research efforts to enhance performance attributes such as fuel efficiency and environmental sustainability.
Market Trends and Future Outlook
The demand for synthetic rubber is largely driven by the automotive industry, which accounts for over 60% of total consumption, primarily due to its use in tire manufacturing, seals, hoses, and gaskets. Other key applications include industrial machinery, construction materials, and consumer goods. Among product types, Styrene Butadiene Rubber (SBR) and Polybutadiene Rubber (BR) are the most widely consumed, due to their excellent wear resistance and elasticity. The market is also influenced by technological advancements, regulatory changes, and environmental concerns, prompting manufacturers to develop bio-based and sustainable synthetic rubbers. Additionally, Asia-Pacific is expected to continue leading market growth, supported by the expansion of its automotive and industrial sectors. As the global economy recovers and vehicle production increases, the synthetic rubber industry is projected to see steady growth, with ongoing innovations in material science enhancing product performance and sustainability.
This report aims to provide a comprehensive presentation of the global market for Synthetic Rubber, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Synthetic Rubber by region & country, by Type, and by Application.
The Synthetic Rubber market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Synthetic Rubber.
Market Segmentation
By Company
Arlanxeo
Sinopec
Kumho Petrochemical
CNPC
TSRC
ExxonMobil
Goodyear
NKNK
JSR
Sibur
LG Chem
Versalis
LCY
Kraton
Zeon
Dynasol
Asahi Kasei
JSR Corporation
Ningbo Changhong Polymer Scientific and Technical
Lubrizol
BASF
Covestro
Wanhua Chemical
Huntsman
Trinseo
Hexpol
Kuraray
COIM Group
Avient
Epaflex
Miracll Chemicals
Huafeng
Ningbo Shunze
Nandi Chemical
Segment by Type
Styrene Butadiene Rubber (SBR)
Polybutadiene Rubber (BR)
Nitrile Butadiene Rubber (NBR)
Butyl Rubber (IIR)
Styrenic Block Copolymer (SBC)
Ethylene Propylene Diene Monomer (EPDM)
Chloroprene Rubber (CR)
Thermoplastic Polyurethane (TPU)
Thermoplastic PolyOlefin (TPO)
Other
Segment by Application
Automotive
Building & Construction
Consumer Goods
Industrial
Medical
Other
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Synthetic Rubber manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Synthetic Rubber in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Synthetic Rubber in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index