INTERESTED IN THIS RESEARCH?
Contact our analysts for inquiries, samples, and expert insights.
REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 41.87 billion by 2029 | 4.21 % | Asia Pacific |
| By Type | By Application | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Synthetic Rubber Market Overview
The synthetic rubber market is expected to grow at 4.21 % CAGR from 2022 to 2029. It is expected to reach above USD 41.87 billion by 2029 from USD 28.89 billion in 2020.
An artificial elastomer or man-made rubber is synthetic rubber. Coal, oil, natural gas, and acetylene are used as raw ingredients in its synthetic production. Numerous beneficial characteristics of the product include its capacity to be recycled, its increased tensile strength, and its resilience to swelling and abrasion. The demand for the product would increase due to expanding product innovation and research and development by various rubber industry producers. The market will experience growth during the projected period as a result of the fast growth rates in the aerospace, automotive, and construction industries as well as the rising demand for rubber from tire and electrical applications.
The extensive use of synthetic rubber in tire manufacturing for light- and heavy-duty vehicles is the main factor driving the global market. Low rolling resistance tires are produced using synthetic rubber, which uses less energy, uses less fuel, and emits less CO2. Additionally, the market expands due to the growing use of these tires in electric cars (EVs) and the increase in EV sales. In addition, the use of synthetic rubber in the building sector is another significant factor driving the global market.
The demand for synthetic rubber is increasing, which will promote market expansion in the automotive sector. The automotive industry favours artificial rubber due to of qualities like abrasion and temperature resistance. Artificial rubber has great anti-slip qualities, which improves its use in vehicle pedals and interior flooring mats. In addition to flooring, door & window profiles, hoses, O-rings & gaskets and belts, it is extensively used in tire applications. Additionally, the increased demand for autos on a global scale is anticipated to drive up product consumption, especially as rubber materials are used to make a variety of motorcycles and cars. During the projection period, there will be a surge in product demand due to the vehicle industry’s rapid expansion and rising R&D activities.
The product’s potentially harmful effects prevent it from being used in a variety of applications. The soot of carbon particles is created when synthetic rubber is vulcanized. Haze and the acidity of lakes and rivers are just two of the environmental issues it creates. Inhaling soot can also cause a wide range of serious health problems, including bronchitis, asthma, cancer, heart attacks, strokes, respiratory problems, shortness of breath, and early death. These are a few variables that could limit product adoption and impede market expansion.
The market for synthetic rubber offers excellent potential due to of the rising demand in a number of sectors, including consumer goods, construction, and the automotive industry. The market prospects are further improved by the focus on environmentally friendly and sustainable materials as well as improvements in production technology. In addition, the growing need for high-performance and long-lasting rubber products, together with the rapid industrialization of emerging nations, fosters market expansion and investment.
The COVID-19 epidemic has had a major impact on the car industry. While the supply chain for synthetic rubber was constrained, it had an influence on both human and material transportation. The epidemic also resulted in the shipment of Chinese parts and the closure of American assembly lines as well as widespread manufacturing disruptions in Europe. Additionally, due to shelter-in-place regulations, the automotive industry is currently experiencing a demand shock following the initial disruptions in supply and manufacturing. Governments in these countries are working to restart their industries, however, which should lead to the recovery of the automotive industry and the global market in the following few years.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion), (Kilotons). |
| Segmentation | By Type, By Application, By Region. |
| By Type |
|
| By Application |
|
| By Region |
|
Synthetic Rubber Market Segment Analysis
The synthetic rubber market is segmented based on type and application.
The market is divided into categories for styrene butadiene rubber, nitrile rubber, polybutadiene rubber, butyl rubber, and others based on type. The market share that styrene butadiene rubber (SBR) accounted for was the highest. Its cost-effectiveness and preference over natural rubber are credited with the growth. Wire and cable insulation, belting, roll covers, cutting boards, and haul-off pads are only a few examples of the high product consumption. The second largest market sector in the world is for polybutadiene rubber. The production of tires is where the product is most widely used.
The market is divided based on application into tire, non-tire automobile, industrial rubber goods, footwear, and others. The tire segment experienced faster growth and held the greatest market share in 2021. One element that will support market growth is the fast expansion of the automotive industry along with tire advancements. The second-largest market segment belongs to the vehicle non-tire sector. Automobile mats and wire & cables are examples of this segment’s rubber consumption.
Synthetic Rubber Market Player
The synthetic rubber market key players includes The Indian Synthetic Rubber Private Limited, Apcotex Industries Limited, Reliance Industries Limited, Trinseo, Goodyear Tire and Rubber Company, Sinopec, LANXESS, TSRC Corporation, JSR Corporation, Kumho Petrochemical, Nizhnekamskneftekhim.
Recent developments:
31 January 2023: Reliance Consumer Products Limited (RCPL), the FMCG arm and a wholly owned subsidiary of Reliance Retail Ventures Limited (RRVL), announced a strategic partnership with Sri Lanka headquartered Maliban Biscuit Manufactories (Private) Limited (Maliban).
29 December 2022: Reliance consumer products limited, a wholly-owned Subsidiary of reliance retail ventures limited, to acquire 51% controlling stake in lotus chocolate company Limited and make an open offered to acquire upto 26%.
Who Should Buy? Or Key Stakeholders
- Construction Companies
- Automotive Companies
- Transportation Companies
- Medical Companies
- Research Institutes
- Academic Institutes
- Government Organizations
- Others
Synthetic Rubber Market Regional Analysis
The synthetic rubber market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
In 2021, the Asia Pacific market had a value of USD 15.13 billion. The development is linked to the construction industry’s rising demand for styrene-butadiene rubber and nitrile rubber. Additionally, the market will rise as a result of rising infrastructural development and product innovation. Due to its greater manufacturing of various tyre grades and non-automotive goods, China currently maintains the largest market share in this region for synthetic rubber.
In terms of market share, Europe comes in second. The market in this area will expand due to the fast expansion of the automotive sector and the rising consumer demand for products used in the production of tyres, belts, and hoses. The market expansion in North America will be fueled by the quick adoption of nitrile rubber in industrial goods and the rising demand for synthetic rubber adhesives, crossword puzzles, and caulk in the most popular applications. Additionally, the electrical and electronic sector’s and the tyre industry’s explosive growth will support the market expansion in this area.
Key Market Segments: Synthetic Rubber Market
Synthetic Rubber Market By Type, 2020-2029, (USD Billion), (Kilotons).
- Styrene Butadiene Rubber
- Nitrile Rubber
- Polybutadiene Rubber
- Butyl Rubber
- Others
Synthetic Rubber Market By Application, 2020-2029, (USD Billion), (Kilotons).
- Tire
- Non Tire Automotive
- Industrial Rubber Goods
- Footwear
- Others
Synthetic Rubber Market By Region, 2020-2029, (USD Billion), (Kilotons).
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the synthetic rubber market over the next 7 years?
- Who are the major players in the synthetic rubber market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the synthetic rubber market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the synthetic rubber market?
- What is the current and forecasted size and growth rate of the global synthetic rubber market?
- What are the key drivers of growth in the synthetic rubber market?
- What are the distribution channels and supply chain dynamics in the synthetic rubber market?
- What are the technological advancements and innovations in the synthetic rubber market and their impact on material development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the synthetic rubber market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the synthetic rubber market?
- What are the products offerings and specifications of leading players in the market?
- What is the pricing trend of synthetic rubber in the market and what is the impact of raw application prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL SYNTHETIC RUBBER MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON SYNTHETIC RUBBER MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL SYNTHETIC RUBBER MARKET OUTLOOK
- GLOBAL SYNTHETIC RUBBER MARKET BY TYPE, 2020-2029, (USD BILLION), (KILOTONS)
- STYRENE BUTADIENE RUBBER
- NITRILE RUBBER
- POLYBUTADIENE RUBBER
- BUTYL RUBBER
- OTHERS
- GLOBAL SYNTHETIC RUBBER MARKET BY APPLICATION, 2020-2029, (USD BILLION), (KILOTONS)
- TIRE
- NON TIRE AUTOMOTIVE
- INDUSTRIAL RUBBER GOODS
- FOOTWEAR
- OTHERS
- GLOBAL SYNTHETIC RUBBER MARKET BY REGION, 2020-2029, (USD BILLION), (KILOTONS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- INDIAN SYNTHETIC RUBBER PRIVATE LIMITED
- APCOTEX INDUSTRIES LIMITED
- RELIANCE INDUSTRIES LIMITED.
- TRINSEO
- GOODYEAR TIRE AND RUBBER COMPANY
- SINOPEC
- LANXESS
- TSRC CORPORATION
- JSR CORPORATION
- KUMHO PETROCHEMICAL
- NIZHNEKAMSKNEFTEKHIM *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC RUBBER MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC RUBBER MARKET BY REGION (KILOTONS), 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SYNTHETIC RUBBER MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SYNTHETIC RUBBER MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â US SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â US SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SYNTHETIC RUBBER MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SYNTHETIC RUBBER MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SYNTHETIC RUBBER MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SYNTHETIC RUBBER MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SYNTHETIC RUBBER MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SYNTHETIC RUBBER MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UK SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UK SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UK SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UK SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â ITALY SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â ITALY SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â ITALY SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â SPAIN SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â SPAIN SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â SPAIN SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â SPAIN SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â RUSSIA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â RUSSIA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â RUSSIA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â RUSSIA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SYNTHETIC RUBBER MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SYNTHETIC RUBBER MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â UAE SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â UAE SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â UAE SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â UAE SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SYNTHETIC RUBBER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SYNTHETIC RUBBER MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SYNTHETIC RUBBER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SYNTHETIC RUBBER MARKET BY APPLICATION (KILOTONS), 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC RUBBER BY TYPE, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC RUBBER BY APPLICATION, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC RUBBER BY REGION, USD BILLION, 2020-2029
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC RUBBER BY TYPE, USD BILLION, 2021
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC RUBBER BY APPLICATION, USD BILLION, 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL SYNTHETIC RUBBER BY REGION, USD BILLION, 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 16Â Â Â Â Â Â Â Â Â Â INDIAN SYNTHETIC RUBBER PRIVATE LIMITED: COMPANY SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â APCOTEX INDUSTRIES LIMITED: COMPANY SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â RELIANCE INDUSTRIES LIMITED: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â TRINSEO: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â GOODYEAR TIRE AND RUBBER COMPANY: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â SINOPEC: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â LANXESS: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â TSRC CORPORATION: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â JSR CORPORATION: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â KUMHO PETROCHEMICAL: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â NIZHNEKAMSKNEFTEKHIM: COMPANY SNAPSHOT
FAQ
The synthetic rubber market is expected to grow at 4.21 % CAGR from 2022 to 2029. It is expected to reach above USD 41.87 billion by 2029 from USD 28.89 billion in 2020.
Asia Pacific held more than 39 % of the synthetic rubber market revenue share in 2021 and will witness expansion in the forecast period.
The extensive use of synthetic rubber in tire manufacturing for light- and heavy-duty vehicles is the main factor driving the global market. Additionally, the market expands due to the growing use of these tires in electric cars (EVs) and the increase in EV sales. In addition, the use of synthetic rubber in the building sector is another significant factor driving the global market.
The synthetic rubber market key players includes The Indian Synthetic Rubber Private Limited, Apcotex Industries Limited, Reliance Industries Limited, Trinseo, Goodyear Tire and Rubber Company, Sinopec, LANXESS, TSRC Corporation, JSR Corporation, Kumho Petrochemical, Nizhnekamskneftekhim.
Asia Pacific is the largest regional market for synthetic rubber market.
In-Depth Database
Our Report’s database covers almost all topics of all regions over the Globe.
Recognised Publishing Sources
Tie ups with top publishers around the globe.
Customer Support
Complete pre and post sales
support.
Safe & Secure
Complete secure payment
process.