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Synthetic Rubber - Global Strategic Business Report

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    Report

  • 278 Pages
  • May 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338630
The global market for Synthetic Rubber is estimated at US$19.2 Billion in 2023 and is projected to reach US$24.6 Billion by 2030, growing at a CAGR of 3.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Styrene-Butadiene Rubber segment, which is expected to reach US$8.8 Billion by 2030 with a CAGR of a 3.4%. The Polybutadiene Rubber segment is also set to grow at 3.4% CAGR over the next 7 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $5.2 Billion in 2023, and China, forecasted to grow at an impressive 6% CAGR to reach $5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Synthetic Rubber Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Synthetic Rubber Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Synthetic Rubber Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as ARLANXEO, Asahi Kasei Chemicals Corp., Chongqing Changshou Chemical Co. Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 52 Featured):

  • ARLANXEO
  • Asahi Kasei Chemicals Corp.
  • Chongqing Changshou Chemical Co. Ltd.
  • Denka Co. Ltd.
  • Dow Inc.
  • Dynasol Elastomers
  • ExxonMobil Chemical Company
  • Firestone Polymers LLC
  • Goodyear Tire & Rubber Company
  • JSR Corporation
  • Korea Kumho Petrochemical Company
  • Lanxess AG
  • LG Chem Ltd.
  • Lion Elastomers
  • Shanxi Synthetic Rubber Group Co. Ltd.
  • Showa Denko K.K
  • SIBUR Holding JSC
  • SINOPEC Qilu Petrochemical Co. Ltd.
  • Sumitomo Chemical Co., Ltd.
  • Synthos S.A.
  • Tosoh Corporation
  • TSRC Corporation
  • UBE Industries Ltd.
  • Versalis S.p.A.
  • Zeon Corporation

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Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Rubber Industry - A Prelude
  • Recent Market Activity
  • Synthetic Rubber Market: A Review
  • Synthetic Rubber Consumption: Current and Future Analysis
  • SBR: A Major Type of Synthetic Rubber Product
  • Tire-Related Industries Continue to Spur Demand for Synthetic Rubber
  • Asia-Pacific at the Forefront of Growth in Synthetic Rubber Market
  • Pricing Scenario
  • Butadiene (BD): Major Feedstock for Synthetic Rubber
  • Synthetic Rubber - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
  • Asahi Kasei Chemicals Corp. (Japan)
  • Chongqing Changshou Chemical Co., Ltd. (China)
  • Denka Co., Ltd. (Japan)
  • Dow Chemical Company (USA)
  • Dynasol Elastomers (Mexico)
  • ExxonMobil Chemical Company (USA)
  • Firestone Polymers LLC (USA)
  • Goodyear Tire & Rubber Company (USA)
  • JSR Corporation (Japan)
  • Korea Kumho Petrochemical Company (Korea)
  • Lanxess AG (Germany)
  • ARLANXEO (Netherlands)
  • LG Chem Ltd. (Korea)
  • Lion Elastomers (USA)
  • Shanxi Synthetic Rubber Group Co., Ltd. (China)
  • Showa Denko K.K (Japan)
  • SIBUR Holding JSC (Russia)
  • SINOPEC Qilu Petrochemical Co. Ltd. (China)
  • Sumitomo Chemical Company Ltd (Japan)
  • Synthos S.A. (Poland)
  • TSRC Corporation (Taiwan)
  • Tosoh Corporation (Japan)
  • UBE Industries Ltd. (Japan)
  • Versalis S.p.A. (Italy)
  • Zeon Corporation (Japan)
  • Zeon Chemicals LP (USA)
3. MARKET TRENDS & DRIVERS
  • Synthetic Rubber Indispensable to Automobile Tires
  • Tires: The Most Important Part of the Automobile
  • World Auto Production to Exhibit STable Gains: Positive Outlook for Synthetic Rubber Market
  • Increasing Average Vehicle Life Drives Replacement Tires Demand
  • Innovation in Green Tire Construction Vital for Sustainable Growth of Tires Market
  • High-Performance Tires to Drive Growth
  • Growing Role of Nanotechnology Offers Benefits to Cover Entire Life-Cycle of Tires
  • Wide Price Differential Leads to Interchangeability of Synthetic and Natural Rubber
  • Tight Supply of Synthetic Rubber (SR), Higher Prices Squeeze Manufacturer Profit Margins
  • Increasing Footwear Sales Augur Well for Synthetic Rubber Market
  • Review of Select Product Segments
  • Styrene-Butadiene Elastomers (SBR)
  • Ethylene-Propylene Rubber (EPR)
  • Nitrile Butadiene Rubber (NBR)
  • Chloroprene Rubber
  • Polybutadiene Rubber
  • Butyl Rubber
  • Rubber Alternatives Threaten Demand
  • Thermoplastic Elastomers: An Alternative to Synthetic and Natural Rubber
  • R&D - Critical for Competitiveness of Synthetic Rubber Producers
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Synthetic Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Synthetic Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Synthetic Rubber by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Styrene-Butadiene Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Styrene-Butadiene Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Styrene-Butadiene Rubber by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Polybutadiene Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Polybutadiene Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Polybutadiene Rubber by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Ethylene Propylene Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Ethylene Propylene Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Ethylene Propylene Rubber by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Nitrile Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Nitrile Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Nitrile Rubber by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Polyisoprene Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Polyisoprene Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Polyisoprene Rubber by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Polychloroprene Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Polychloroprene Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Polychloroprene Rubber by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Other Product Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Tire by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 26: World Historic Review for Tire by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 27: World 16-Year Perspective for Tire by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Non-Tire Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 29: World Historic Review for Non-Tire Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 30: World 16-Year Perspective for Non-Tire Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Industrial Rubber Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 32: World Historic Review for Industrial Rubber Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 33: World 16-Year Perspective for Industrial Rubber Goods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 34: World Recent Past, Current & Future Analysis for Footwear by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 35: World Historic Review for Footwear by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 36: World 16-Year Perspective for Footwear by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 37: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 38: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 39: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 40: World Synthetic Rubber Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Synthetic Rubber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ARLANXEO
  • Asahi Kasei Chemicals Corp.
  • Chongqing Changshou Chemical Co. Ltd.
  • Denka Co. Ltd.
  • Dow Inc.
  • Dynasol Elastomers
  • ExxonMobil Chemical Company
  • Firestone Polymers LLC
  • Goodyear Tire & Rubber Company
  • JSR Corporation
  • Korea Kumho Petrochemical Company
  • Lanxess AG
  • LG Chem Ltd.
  • Lion Elastomers
  • Shanxi Synthetic Rubber Group Co. Ltd.
  • Showa Denko K.K
  • SIBUR Holding JSC
  • SINOPEC Qilu Petrochemical Co. Ltd.
  • Sumitomo Chemical Co., Ltd.
  • Synthos S.A.
  • Tosoh Corporation
  • TSRC Corporation
  • UBE Industries Ltd.
  • Versalis S.p.A.
  • Zeon Corporation

Table Information