Global Synthetic Rubber Market to Reach $24.6 Billion by 2030
The global market for Synthetic Rubber estimated at US$18.5 Billion in the year 2022, is projected to reach a revised size of US$24.6 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2022-2030. Styrene-Butadiene Rubber, one of the segments analyzed in the report, is projected to record a 3.4% CAGR and reach US$8.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polybutadiene Rubber segment is readjusted to a revised 3.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $5 Billion, While China is Forecast to Grow at 6% CAGR
The Synthetic Rubber market in the U.S. is estimated at US$5 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$5 Billion by the year 2030 trailing a CAGR of 6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.2 Billion by the year 2030.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
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
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
Report Attribute | Details |
---|---|
No. of Pages | 278 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 18.5 Billion |
Forecasted Market Value ( USD | $ 24.6 Billion |
Compound Annual Growth Rate | 3.6% |
Regions Covered | Global |