Synthetic Rubber: Global Strategic Business Report

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