
Study Period | 2024 - 2030 |
Market Size (2025) | USD 34.89 Billion |
Market Size (2030) | USD 42.88 Billion |
CAGR (2025 - 2030) | 4.21 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Synthetic Rubber Market Analysis
The Synthetic Rubber Market size is estimated at USD 34.89 billion in 2025, and is expected to reach USD 42.88 billion by 2030, at a CAGR of 4.21% during the forecast period (2025-2030).
The synthetic rubber industry is experiencing significant transformation driven by sustainability initiatives and technological advancements. Major manufacturers are increasingly focusing on developing eco-friendly alternatives and sustainable production methods to meet stringent environmental regulations. This shift is evidenced by recent developments such as Asahi Kasei's partnership with Shell in 2023 to supply sustainable butadiene derived from plastic waste and biomass for manufacturing solution-polymerized styrene-butadiene rubber. The industry is also witnessing substantial capacity expansions, with companies like Bridgestone announcing a USD 550 million investment in 2023 to strengthen its manufacturing operations and add 380 new jobs at its radial truck and bus plant in Tennessee.
The tire manufacturing sector continues to be the largest consumer of synthetic rubber, with global tire shipments reaching 342.1 million units in 2022. The industry is witnessing a significant shift towards specialized grades of rubber products that can meet the demanding requirements of modern vehicles. This trend is particularly evident in China, where the tire industry produced approximately 902.5 million tires in 2022, demonstrating the robust demand from the automotive sector. The market is also experiencing structural changes due to geopolitical developments, as evidenced by Poland's push in early 2023 for including Russian synthetic rubber in new EU sanctions, potentially affecting major tire manufacturers in Europe.
The healthcare sector has emerged as a significant growth driver for the synthetic rubber market, particularly in the medical gloves segment. According to industry data, the global demand for healthcare gloves reached 399 billion units in 2022, with Malaysia alone producing 259 billion gloves in the same year. This surge has prompted major manufacturers to expand their production capabilities, as demonstrated by Cariflex's announcement in 2023 to construct the world's largest polyisoprene latex plant in Singapore with an investment exceeding USD 350 million.
The industry is witnessing notable technological innovations in product development and manufacturing processes. Companies are investing heavily in research and development to create specialized grades of synthetic rubber with enhanced properties. For instance, Kumho Petrochemical completed the expansion of its solution styrene-butadiene rubber (SSBR) facility in 2023, adding 60,000 metric tons per annum of capacity at its Yeosu manufacturing plant. This expansion specifically targets the growing demand for high-performance tires and demonstrates the industry's focus on developing advanced rubber materials for specific applications.
Synthetic Rubber Market Trends
Increasing Demand Due to Rising Sales of Electric Vehicles
The rapid technological development and fast-approaching automotive industry have created an unprecedented demand for precision raw materials, particularly in the electric vehicle sector. synthetic rubber plays a vital role in EV tire manufacturing by providing essential properties like good grip performance, enhanced durability, and optimal rolling resistance. The material's unique characteristics help improve vehicle fuel economy, as a 10% reduction in rolling tire resistance translates into a 1-2% improvement in overall vehicle efficiency. This has become particularly crucial as governments worldwide implement stringent tire labeling regulations, including the European Union's 2021 mandate extending labeling requirements to bus and truck tires.
The worldwide electric vehicle market has witnessed remarkable growth, with global EV sales expected to triple from 10.5 million units in 2022 to over 31 million units by 2027. This surge is driven by various factors, including changes in emission policies, strict regulations, and growing consumer preference for vehicles with lower emissions. Major automotive manufacturers are responding to this trend with significant investments. For instance, General Motors announced an investment worth more than USD 7 billion to produce electric vehicles in the United States in 2022, while Tesla continues to dominate the US market with over 50% share of all electric vehicle units sold. Additionally, the Chinese government's target to electrify 33% of all vehicles by 2030 has spurred increased demand for specialized synthetic rubber compounds designed specifically for electric vehicle applications.
Surging Demand for Athletic Footwear
The athletic footwear industry has experienced significant growth driven by increasing health awareness, rising participation in sports activities and fitness events, developing online distribution channels, and growing awareness of branded sports shoes in developing nations. The sector's expansion is particularly notable in the United States, where the market benefits from high citizen interest in sports, fitness, and adventure activities such as aerobics, hiking, training, and trail running. The country's robust sports infrastructure and presence of major sporting events have created sustained demand for athletic footwear, consequently driving the consumption of rubber materials in shoe manufacturing.
The market has also witnessed significant innovations and developments from major manufacturers. In 2023, leading brands like Adidas, New Balance, Nike, and Under Armour launched new running shoe series targeting different consumer segments. The industry's growth is further supported by the expansion of retail presence, with companies like Bata announcing plans to open 500 new franchise stores by 2023. Additionally, the rise of e-commerce has transformed the athletic footwear retail landscape, with online channels experiencing substantial growth in sales volume. The sector's evolution is also marked by increasing consumer preference for sustainable and performance-oriented footwear, driving manufacturers to develop innovative rubber materials compounds that offer enhanced durability, comfort, and environmental sustainability.
Other Drivers
The synthetic rubber market is significantly driven by the growing demand for hydrogenated nitrile butadiene rubber (HNBR) across various industrial applications. HNBR's unique properties, including superior physical strength and retention of properties after long-term exposure to heat, oil, and chemicals, make it indispensable in automotive, industrial, and specialized applications. The material's versatility is demonstrated in its wide range of applications, from dynamic and static seals in automotive components to industrial sealing solutions for oil field exploration and processing equipment. The increasing adoption of HNBR in emerging applications, particularly in electric vehicle components and high-performance industrial equipment, continues to drive market growth.
The industrial sector's expansion in developing countries has created additional demand for industrial rubber products. According to Trading Economics, Chinese industrial production climbed 1.3% yearly in 2022, with the fastest growth witnessed in manufacturing, mining, and oil and gas sectors. Similarly, India's industrial production increased by 4.3% year on year in 2022, with significant growth in electricity production, mining, and manufacturing sectors. This industrial growth has led to increased demand for industrial rubber products in applications such as conveyor belts, industrial seals, gaskets, and various other mechanical components. Furthermore, the development of new grades of elastomer with improved low-temperature flexibility and enhanced performance characteristics has opened up new application areas, particularly in specialized industrial equipment and automotive components.
Segment Analysis: Type
Styrene Butadiene Rubber (SBR) Segment in Synthetic Rubber Market
Styrene Butadiene Rubber (SBR) continues to dominate the synthetic rubber market, holding approximately 40% of the total market share in 2024. This significant market position is primarily driven by its extensive application in tire manufacturing, where it serves as a crucial component in tire treads, sidewalls, and other tire components. The segment's dominance is further strengthened by its superior properties, including excellent abrasion resistance, good aging characteristics, and high durability, making it indispensable in the automotive sector. The increasing demand from the electric vehicle industry, particularly for specialized tire compounds that offer lower rolling resistance and better wear characteristics, has further cemented SBR's position as the leading synthetic rubber type. Additionally, its widespread use in footwear, industrial goods, and various mechanical applications continues to drive its market growth.

Ethylene Propylene Diene Rubber (EPDM) Segment in Synthetic Rubber Market
The EPDM rubber segment is experiencing robust growth in the synthetic rubber market, driven by its expanding applications in automotive weather-stripping, seals, and electrical insulation. The segment's growth is particularly notable in the construction and automotive sectors, where its excellent weather resistance, ozone resistance, and heat resistance properties make it invaluable. The increasing focus on energy-efficient buildings and the growing electric vehicle market are creating new opportunities for EPDM rubber applications. The material's superior performance in extreme weather conditions and its ability to maintain flexibility at low temperatures have made it a preferred choice in modern construction and automotive applications. Furthermore, the segment is benefiting from technological advancements in manufacturing processes and increasing investments in research and development for new applications.
Remaining Segments in Synthetic Rubber Market Type Segmentation
The synthetic rubber market encompasses several other significant segments, including Polybutadiene Rubber (BR), Polyisoprene (IR), Isobutylene Isoprene Rubber (IIR), Silicone Rubber, and Acrylic elastomers. Each of these segments serves specific industrial applications with unique properties. BR is particularly important in tire manufacturing and polymer modification, while IR serves as a crucial substitute for natural rubber in various applications. Butyl rubber (IIR) finds extensive use in tire inner liners and pharmaceutical stoppers due to its excellent air impermeability. Silicone rubber is gaining prominence in high-performance applications requiring extreme temperature resistance, while acrylic elastomers are crucial in automotive sealing systems. These segments collectively contribute to the market's diversity and ability to meet various industrial requirements.
Segment Analysis: Application
Tire and Tire Components Segment in Synthetic Rubber Market
The Tire and Tire Components segment continues to dominate the global synthetic rubber market, holding approximately 45% of the market share in 2024. This significant market position is primarily driven by the increasing demand from the automotive industry, particularly with the rising production of electric vehicles. The segment's growth is further supported by the expanding replacement tire market and the implementation of tire labeling regulations in various regions. Major tire manufacturers are actively expanding their production capacities, with companies like Continental AG, Bridgestone, and Michelin leading significant investments in new manufacturing facilities and sustainable tire technologies. The segment's dominance is also reinforced by the increasing focus on developing high-performance tires with better fuel efficiency and durability characteristics.
Industrial Goods Segment in Synthetic Rubber Market
The Industrial Goods segment is emerging as the fastest-growing application area in the synthetic rubber market, with an expected growth rate of approximately 4.5% during 2024-2029. This accelerated growth is driven by the increasing demand for synthetic rubber in manufacturing various industrial products such as conveyor belts, gaskets, hoses, mechanical vibrators, radiators, and electrical insulation materials. The segment's expansion is further supported by the growing industrialization in developing economies, particularly in the Asia-Pacific region. The rising adoption of synthetic rubber in critical industrial applications, coupled with the increasing focus on high-performance and durable industrial components, is expected to maintain this segment's strong growth trajectory over the forecast period.
Remaining Segments in Application Segmentation
The remaining segments in the synthetic rubber market include Non-tire Automobile Applications, Footwear, and Other Applications, each serving distinct end-use industries. The Non-tire Automobile Applications segment focuses on manufacturing various automotive components such as belts, hoses, and seals, benefiting from the growing automotive industry. The Footwear segment continues to be significant, particularly in the manufacturing of athletic and specialized footwear, driven by increasing health awareness and sports activities. The Other Applications segment encompasses diverse uses, including medical devices, construction materials, and consumer goods, contributing to the market's overall diversity and stability.
Synthetic Rubber Market Geography Segment Analysis
Synthetic Rubber Market in Asia-Pacific
The Asia-Pacific region maintains its position as the dominant force in the global synthetic rubber market, driven by robust manufacturing capabilities and expanding end-use industries. The region's market dynamics are primarily shaped by China, India, Japan, and South Korea, with each country contributing uniquely to the regional landscape. The presence of major automotive manufacturers, tire producers, and growing industrial sectors continues to fuel demand across these nations. The region benefits from extensive production facilities, technological advancements, and strategic investments in research and development.

Synthetic Rubber Market in China
China stands as the powerhouse of synthetic rubber production and consumption in the Asia-Pacific region. The country's market dominance is reflected in its approximately 56% share of the regional market in 2024. China's strength lies in its extensive manufacturing infrastructure, including numerous tire manufacturing plants and automotive production facilities. The country's rubber manufacturing industry benefits from strong government support, technological advancement, and the presence of major domestic and international manufacturers. The growing electric vehicle sector, expanding construction industry, and robust healthcare sector continue to drive demand for synthetic rubber products in China.
Synthetic Rubber Market Growth in India
India emerges as a significant growth market in the Asia-Pacific region, with a projected growth rate of approximately 4.4% during 2024-2029. The country's synthetic rubber market is experiencing rapid expansion driven by increasing automotive production, growing tire manufacturing capabilities, and rising demand from the footwear industry. India's position as the second-largest consumer and producer of footwear globally further strengthens its market potential. The government's initiatives like 'Make in India' and various infrastructure development projects continue to create new opportunities for synthetic rubber applications. The country's expanding manufacturing base and growing domestic demand are expected to sustain this growth momentum.
Synthetic Rubber Market in North America
The North American synthetic rubber market demonstrates strong market fundamentals, supported by advanced manufacturing capabilities and technological innovation. The United States, Canada, and Mexico form the core of this regional market, each contributing to its distinct characteristics. The region's market is characterized by high-quality production standards, significant research and development activities, and a strong presence of major industry players.
Synthetic Rubber Market in United States
The United States dominates the North American synthetic rubber landscape, commanding approximately 72% of the regional market share in 2024. The country's market leadership is reinforced by its advanced manufacturing infrastructure, strong automotive sector, and significant presence in tire production. The nation hosts several major tire manufacturers and synthetic rubber producers, supporting a robust supply chain. The growing emphasis on sustainable practices and increasing demand from healthcare and construction sectors continue to shape the market dynamics.
Synthetic Rubber Market Growth in Canada
Canada showcases promising growth potential in the North American synthetic rubber market, with an expected growth rate of approximately 4.3% during 2024-2029. The country's market is driven by increasing investments in manufacturing capabilities and growing demand from various end-use industries. Canada's strategic focus on research and development, coupled with its strong automotive and industrial sectors, positions it well for sustained growth. The country's emphasis on environmental regulations and sustainable practices is also influencing market development.
Synthetic Rubber Market in Europe
The European synthetic rubber market maintains its position as a key global player, characterized by technological innovation and high-quality production standards. The region's market landscape is shaped by the contributions of Germany, France, the United Kingdom, and Italy, each bringing unique strengths to the market. The region's focus on sustainable practices and environmental regulations continues to influence market development.
Synthetic Rubber Market in Germany
Germany stands as the cornerstone of Europe's synthetic rubber industry, leading both in market size and technological advancement. The country's strong automotive industry, coupled with its robust chemical sector, drives significant demand for synthetic rubber products. Germany's market leadership is supported by the presence of major tire manufacturers and automotive companies, along with continuous investments in research and development.
Synthetic Rubber Market Growth in France
France demonstrates strong growth potential in the European synthetic rubber market, supported by its well-established manufacturing infrastructure and innovative technological capabilities. The country's market is driven by increasing demand from the automotive sector and growing applications in industrial manufacturing. France's focus on sustainable development and environmental protection continues to influence market evolution.
Synthetic Rubber Market in South America
The South American synthetic rubber market continues to evolve, with Brazil and Argentina serving as key markets in the region. Brazil emerges as both the largest and fastest-growing market in the region, supported by its robust automotive industry and growing manufacturing sector. The region's market development is influenced by increasing industrialization, growing automotive production, and rising demand from various end-use industries.
Synthetic Rubber Market in Middle East & Africa
The Middle East & Africa synthetic rubber market shows steady development, with Saudi Arabia and South Africa emerging as significant markets. Saudi Arabia leads the region both in market size and growth rate, driven by its strong petrochemical industry and increasing investments in manufacturing capabilities. The region's market is characterized by growing industrialization, increasing automotive production, and rising demand from construction and infrastructure development sectors.
Synthetic Rubber Industry Overview
Top Companies in Synthetic Rubber Market
The synthetic rubber market is characterized by intense innovation and strategic developments among leading players like Saudi Arabian Oil Co. (Arlanxeo), China Petrochemical Corporation (Sinopec), and China National Petroleum Corporation. Companies are focusing on developing sustainable and bio-based synthetic rubber products while expanding their production capacities through new plant establishments and technology upgrades. Major players are strengthening their market positions through vertical integration, particularly in raw material procurement, while also investing in research and development to create specialized grades for emerging applications. The industry witnesses continuous efforts in operational optimization, with manufacturers implementing advanced manufacturing processes and automation to enhance productivity and maintain cost competitiveness. Strategic partnerships and collaborations, especially in emerging markets, have become crucial for expanding geographical presence and accessing new customer segments, while investments in circular economy initiatives and sustainable production practices are gaining prominence.
Consolidated Market with Strong Regional Players
The synthetic rubber market exhibits a partially consolidated structure at the top level, with fragmentation existing among mid to low-level players. Global conglomerates, particularly petrochemical companies with backward integration capabilities, dominate the market landscape, leveraging their extensive distribution networks and economies of scale. These major players benefit from their integrated value chains, research capabilities, and established relationships with end-users across various industries. Regional players, especially in Asia-Pacific, maintain significant market shares in their respective territories through specialized product offerings and strong local customer relationships.
The market has witnessed notable merger and acquisition activities, particularly focused on technology acquisition and geographical expansion. Companies are increasingly pursuing strategic acquisitions to strengthen their product portfolios and gain access to new markets, while joint ventures remain popular for entering emerging markets and sharing technological expertise. The industry structure is further influenced by the presence of specialized manufacturers focusing on specific specialty rubber types or applications, creating a diverse competitive landscape that combines global reach with local expertise.
Innovation and Sustainability Drive Future Success
Success in the synthetic rubber market increasingly depends on companies' ability to innovate while maintaining cost competitiveness. Incumbents are focusing on developing specialized grades for high-value applications, particularly in the automotive and healthcare sectors, while investing in sustainable production technologies to meet growing environmental concerns. The ability to secure stable raw material supply through backward integration or strategic partnerships has become crucial, as has the development of efficient distribution networks to serve global customers. Companies are also emphasizing digital transformation and automation to optimize operations and enhance customer service capabilities.
For contenders looking to gain market share, focusing on niche applications and regional markets presents significant opportunities. Success factors include developing innovative products for specific end-user requirements, establishing strong technical support capabilities, and building efficient supply chain networks. The industry faces moderate substitution risks from alternative materials, particularly in certain applications, making product differentiation and value-added services crucial for maintaining market position. Regulatory compliance, particularly regarding environmental standards and safety requirements, continues to shape competitive strategies, with companies investing in cleaner technologies and sustainable practices to maintain their market positions. The rubber chemicals industry is also playing a pivotal role in supporting these advancements.
Synthetic Rubber Market Leaders
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Kumho Petrochemical
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Saudi Arabian Oil Co.
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TSRC
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Exxon Mobil Corporation
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China Petrochemical Corporation
- *Disclaimer: Major Players sorted in no particular order

Synthetic Rubber Market News
- December 2023: SIBUR's Nizhnekamskneftekhim completed the upgrade of its halobutyl rubbers (HBR) capacities by ramping them up from 150 to 200 kilotons. About RUB 8 billion (USD 85.5 million) was spent on this upgrade project, which installed six new HBR production units and revamped 16 existing ones.
- May 2023: Arlanxeo announces planned to build a rubber production plant in Jubail, Saudi Arabia, with an annual capacity of 140,000 metric tons. This plant will be part of the USD 11 billion Amiral complex planned by Saudi Aramco and Total Energies to produce two elastomers, including ultra-high cis polybutadiene (NdBR) and lithium butadiene rubber (LiBR).
- May 2023: Hankook Tire and Kumho Petrochemical entered into a memorandum of understanding (MoU) to collaborate on advancing environmentally friendly tires by utilizing eco-solution-polymerized styrene-butadiene rubber (eco-SSBR).
- April 2023: The Hainan-based subsidiary of China Petroleum and Chemical Corp., Hainan Baling Chemical New Material Co., Ltd, announced the launch of its latest project focused on the production of Styrene-Butadiene Copolymer (SBC) in Hainan, China. The annual production capacity of 170,000 tons will make Sinopec the world's largest producer of SBC plants.
- March 2023: The Saudi Arabian Oil Company (Aramco) completed the USD 2.65 billion acquisition of Valvoline Inc., a provider of automotive and industrial solutions, through one of its wholly-owned subsidiaries.
- December 2022: Korea Kumho Petrochemical Co. (KKPC) announced plans for a series of synthetic rubber expansions at its production facilities in South Korea, including its plan to expand its Solution Styrene-Butadiene Rubber (SSBR) capacity to 123 Kilo-Tons Per Annum, which was scheduled to be completed by the end of 2023.
Synthetic Rubber Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand from Rising Sales of Electric Vehicles
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Replacement of Rubber by Polyurethanes in Some Applications
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Type
- 5.1.1 Styrene Butadiene Rubber (SBR)
- 5.1.2 Ethylene Propylenediene Rubber (EPDM)
- 5.1.3 Polyisoprene (IR)
- 5.1.4 Polybutadiene Rubber (BR)
- 5.1.5 Isobutylene Isoprene Rubber (IIR)
- 5.1.6 Other Types
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5.2 Application
- 5.2.1 Tire and Tire Components
- 5.2.2 Non-tire Automobile Applications
- 5.2.3 Footwear
- 5.2.4 Industrial Goods
- 5.2.5 Other Applications
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Malaysia
- 5.3.1.6 Thailand
- 5.3.1.7 Vietnam
- 5.3.1.8 Indonesia
- 5.3.1.9 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Spain
- 5.3.3.6 Russia
- 5.3.3.7 NORDIC
- 5.3.3.8 Turkey
- 5.3.3.9 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Colombia
- 5.3.4.4 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 United Arab Emirates
- 5.3.5.4 Nigeria
- 5.3.5.5 Qatar
- 5.3.5.6 Egypt
- 5.3.5.7 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Apcotex
- 6.4.2 China Petrochemical Corporation
- 6.4.3 ENEOS Corporation
- 6.4.4 Exxon Mobil Corporation
- 6.4.5 Kumho Petrochemical
- 6.4.6 LANXESS
- 6.4.7 LG Chem
- 6.4.8 Mitsubishi Chemical Corporation
- 6.4.9 Reliance Industries Limited
- 6.4.10 SABIC
- 6.4.11 Saudi Arabian Oil Co.
- 6.4.12 SIBUR
- 6.4.13 Synthos
- 6.4.14 The Goodyear Tire & Rubber Company
- 6.4.15 TSRC
- 6.4.16 Versalis S.p.A.
- 6.4.17 Dow
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Development of Bio-based Feedstock for Synthetic Rubber
- 7.2 Other Opportunities
Synthetic Rubber Industry Segmentation
Synthetic rubber is a man-made rubber produced by combining minerals and oil in plants. The most commonly used type of synthetic rubber is styrene-butadiene rubber (SBR), which is created by copolymerizing styrene and 1,3-butadiene.
The synthetic rubber market is segmented by type, application, and geography. By type, the market is segmented into styrene-butadiene rubber, ethylene propylene diene rubber, polyisoprene rubber, polybutadiene rubber, isobutylene isoprene rubber, and other types. By application, the market is segmented into tire and tire components, non-tire automobile applications, footwear, industrial goods, and other applications (consumer goods, etc.). The report also covers the market size and forecasts in 27 countries across major regions. For each segment, market sizing and forecasts were made based on revenue (USD).
Type | Styrene Butadiene Rubber (SBR) | ||
Ethylene Propylenediene Rubber (EPDM) | |||
Polyisoprene (IR) | |||
Polybutadiene Rubber (BR) | |||
Isobutylene Isoprene Rubber (IIR) | |||
Other Types | |||
Application | Tire and Tire Components | ||
Non-tire Automobile Applications | |||
Footwear | |||
Industrial Goods | |||
Other Applications | |||
Geography | Asia-Pacific | China | |
India | |||
Japan | |||
South Korea | |||
Malaysia | |||
Thailand | |||
Vietnam | |||
Indonesia | |||
Rest of Asia-Pacific | |||
North America | United States | ||
Canada | |||
Mexico | |||
Europe | Germany | ||
United Kingdom | |||
France | |||
Italy | |||
Spain | |||
Russia | |||
NORDIC | |||
Turkey | |||
Rest of Europe | |||
South America | Brazil | ||
Argentina | |||
Colombia | |||
Rest of South America | |||
Middle-East and Africa | Saudi Arabia | ||
South Africa | |||
United Arab Emirates | |||
Nigeria | |||
Qatar | |||
Egypt | |||
Rest of Middle-East and Africa |
Synthetic Rubber Market Research FAQs
How big is the Synthetic Rubber Market?
The Synthetic Rubber Market size is expected to reach USD 34.89 billion in 2025 and grow at a CAGR of 4.21% to reach USD 42.88 billion by 2030.
What is the current Synthetic Rubber Market size?
In 2025, the Synthetic Rubber Market size is expected to reach USD 34.89 billion.
Who are the key players in Synthetic Rubber Market?
Kumho Petrochemical, Saudi Arabian Oil Co., TSRC, Exxon Mobil Corporation and China Petrochemical Corporation are the major companies operating in the Synthetic Rubber Market.
Which is the fastest growing region in Synthetic Rubber Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Synthetic Rubber Market?
In 2025, the Asia-Pacific accounts for the largest market share in Synthetic Rubber Market.
What years does this Synthetic Rubber Market cover, and what was the market size in 2024?
In 2024, the Synthetic Rubber Market size was estimated at USD 33.42 billion. The report covers the Synthetic Rubber Market historical market size for years: 2024. The report also forecasts the Synthetic Rubber Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Synthetic Rubber Market Research
Mordor Intelligence provides a comprehensive analysis of the synthetic rubber and artificial rubber industry. We leverage extensive expertise in rubber manufacturing and market analytics. Our detailed report covers the entire spectrum of rubber materials, including SBR, EPDM rubber, nitrile rubber, butyl rubber, and neoprene. The analysis encompasses key segments such as tire rubber, automotive rubber, and industrial rubber. It provides detailed insights into rubber chemicals and rubber compound manufacturing processes.
Stakeholders across the rubber products industry benefit from our thorough examination of elastomer markets and polymer rubber developments. The report, available as an easy-to-download PDF, presents crucial data on rubber manufacturing industry dynamics and specialty rubber innovations. Our analysis covers polybutadiene rubber applications and styrene butadiene rubber production. It also explores emerging trends in industrial rubber market segments. The comprehensive coverage includes a detailed assessment of rubber chemicals industry developments, ethylene propylene rubber applications, and evolving synthetic rubber price trends. This enables informed decision-making for industry participants.