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Synthetic Rubber Market by Type (SBR, BR, SBC, EPDM, IIR, NBR) Application (Tire, Automotive (Non-tire), Footwear, Industrial Goods, Consumer Goods, Textile), Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2026

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    Report

  • 193 Pages
  • May 2021
  • Region: Global
  • Markets and Markets
  • ID: 5332888

FEATURED COMPANIES

  • Asahi Kasei Corporation
  • Exxon Mobil Corporation
  • JSR Corporation
  • LG Chemical
  • Nizhnekamskneftekhim
  • Synthos

The global synthetic rubber market size is estimated to be USD 19.1 billion in 2021 and is projected to reach USD 23.2 billion by 2026, at a CAGR of 4.0% between 2021 and 2026. The recovery of the automotive sector across the world is driving the synthetic rubber market during the forecast period. 




Synthetic rubber is manufactured by the polymerization of monomers. Typically, styrene and butadiene are polymerized to produce Styrene-Butadiene Rubber (SBR) and Polybutadiene Rubber (BR). Subsequent developments have introduced other monomers such as ethylene and propylene, which are used in the production of EPDM. The synthetic rubber market is driven by the demand from the tire industry. Tires and non-tire automotive applications are the largest segments of the market. The only restraints faced by the synthetic rubber industry are the health hazards associated with it and the environmental regulations imposed on its manufacturing. 


“Tire: the largest application of synthetic rubber market.”


Tire is the largest application in the synthetic rubber market. Synthetic rubber offers various extraordinary features to tires, such as safety, control, grip, and comfort. Likewise, it provides the tire with various other features, such as directional stability, rolling resistance, wet traction, puncture resistance, steering response, speed and run-flat capability, impact resistance, high fuel efficiency, and weather resistance, to function in challenging conditions. The impact of COVID-19 on the global tire business is detrimental. Some manufacturing units were shut down because of the impact of COVID-19 on the companies. The demand for synthetic rubber slumped significantly in 2020 due to supply chain disruption and reduced demand from end-use industries.


“APAC is estimated to be the fastest-growing market for synthetic rubber market.”


APAC accounted for the largest share in terms of volume and value of the synthetic rubber market in 2020, followed by Europe and North America. The use of synthetic rubber is expected to witness the highest growth in the APAC region during the forecast period. The market in this region is driven by the recovery of the automotive sector in China and Southeast Asian countries. Global automobile manufacturers are investing in APAC countries to establish their production plants to enhance their market presence in the region. China is a significant market for automobile and the largest consumer of synthetic rubber in the world. The focus towards the development of New Energy Vehicles (NEVs) to reduce carbon footprint will drive the automotive application in China which will further enhance the demand of synthetic rubber during the forecast period. 


“Synthetic rubber market declined in 2020.”


The synthetic rubber market in 2020 declined by 11.2%, in terms of volume, compared to 2019 due to the COVID-19 pandemic. The automotive industry is a significant consumer of synthetic rubber. The effect of COVID-19 on the automotive industry led to declining car sales and the layoff of employees. The production was halted due to disruption in the supply chain. With the declining production of automobiles, the demand for synthetic rubber also decreased.
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments and information gathered through secondary research. 


The break-up of primary interviews is given below:


  • By Company Type - Tier 1 - 25%, Tier 2 - 42%, and Tier 3 - 33%
  • By Designation - C level - 20%, Director level - 30%, and Others* - 50%
  • By Region - North America- 40%, Europe - 10%, APAC - 20%, South America- 10%, and Middle East & Africa- 20%

Notes: Others include sales, marketing, and product managers.
Tier 1: >USD 1 Billion; Tier 2: USD 500 million-1 Billion; and Tier 3: <USD 500 million


The companies profiled in this market research report include are Sinopec (China), DuPont (U.S), The Dow Chemical Company (U.S), ExxonMobil (U.S), Kumho Petrochemical Company Ltd (South Korea), Trinseo (U.S), Zeon Corporation (Japan), Nizhnekamskneftekhim (Russia), The Goodyear Tire and Rubber Company (U.S), SIBUR (Russia), Mitsui Chemical Inc. (Japan), LG Chemical (South Korea), LANXESS (Germany), JSR Corporation (Japan), SABIC (Saudi Arabia), Denka Company Ltd. (Japan), and Asahi Kasei Corporation (Japan).


Research Coverage:


This research report categorizes the synthetic rubber market on the basis of type, application and region. The report includes detailed information regarding the major factors influencing the growth of the synthetic rubber market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, new product developments, agreements, and recent developments associated with the market.


Reasons to Buy the Report


The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the synthetic rubber market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions. 
2. The report will help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities. 
3. This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, new product developments, and joint ventures.
4. The report includes the COVID-19 impact on the synthetic rubber market."


Frequently Asked Questions about the Global Synthetic Rubber Market

What is the estimated value of the Global Synthetic Rubber Market?

The Global Synthetic Rubber Market was estimated to be valued at $19.1 Billion in 2021.

What is the growth rate of the Global Synthetic Rubber Market?

The growth rate of the Global Synthetic Rubber Market is 4.0%, with an estimated value of $23.2 Billion by 2026.

What is the forecasted size of the Global Synthetic Rubber Market?

The Global Synthetic Rubber Market is estimated to be worth $23.2 Billion by 2026.

Who are the key companies in the Global Synthetic Rubber Market?

Key companies in the Global Synthetic Rubber Market include Asahi Kasei Corporation, China Petroleum and Chemical Corporation, Denka Company Limited, Dupont, Exxon Mobil Corporation, Firestone Polymers, Goodyear Tire and Rubber Company, Group Dynasol and JSR Corporation.

FEATURED COMPANIES

  • Asahi Kasei Corporation
  • Exxon Mobil Corporation
  • JSR Corporation
  • LG Chemical
  • Nizhnekamskneftekhim
  • Synthos

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusions and Exclusions
Figure 1 Synthetic Rubber Market Segmentation
1.2.2 Regions Covered
1.2.3 Years Considered for the Study
1.3 Currency
1.4 Unit Considered
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 2 Synthetic Rubber Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Critical Secondary Inputs
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Critical Primary Inputs
2.1.2.2 Key Data from Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primary Interviews
2.2 Market Size Estimation Approach
2.2.1 Bottom-Up Market Size Estimation: Assessment of Overall Synthetic Rubber Market Size Based on Individual Product Market Size and Market Share
Figure 3 Market Size Estimation: Supply-Side Analysis
Figure 4 Market Size Estimation: by Type
2.2.2 Estimating Synthetic Rubber Market Size from the Market Shares of Key End-Use Applications
Figure 5 Market Size Estimation: Demand-Side Analysis
2.3 Data Triangulation
Figure 6 Synthetic Rubber Market: Data Triangulation
2.4 Assumptions
3 Executive Summary
Figure 7 Styrene-Butadiene Rubber Accounted for the Largest Market Share in 2020
Figure 8 Tire Segment to Lead the Synthetic Rubber Market Between 2021 and 2026
Figure 9 APAC Synthetic Rubber Market to Witness Significant Growth During the Forecast Period
4 Premium Insights
4.1 Attractive Opportunities in the Synthetic Rubber Market
Figure 10 Growing Demand from Tire Application to Drive the Synthetic Rubber Market
4.2 APAC: Synthetic Rubber Market, by Type and Country (2020)
Figure 11 Styrene-Butadiene Rubber Accounted for the Largest Share
4.3 Synthetic Rubber Market, by Key Countries
Figure 12 India to Register the Highest CAGR
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 13 Drivers, Restraints, Opportunities, and Challenges in the Synthetic Rubber Market
5.2.1 Drivers
5.2.1.1 Expected Recovery from Impact of COVID-19 and Growing Penetration of Evs
Figure 14 Automobile Production Data (2017-2020)
5.2.1.2 Stringent Emission Regulations and Standards in Developed Countries
5.2.1.3 Growing Demand in China
5.2.2 Restraints
5.2.2.1 Environmental Regulations and Health Hazards in Synthetic Rubber Manufacturing Industry
5.2.2.2 Economic Slowdown and Impact of COVID-19 on the Manufacturing Sector
Figure 15 Europe: Manufacturing Industry Output Index
5.2.3 Opportunities
5.2.3.1 Growing Demand for High-Performance and Eco-Friendly Tires
5.2.3.2 Growth in Electric Vehicle Adoption to Provide New Revenue Stream for Synthetic Rubber Manufacturers
Table 1 Type of Rubber Used in Electric Vehicle and Internal Combustion Engine
5.2.4 Challenges
5.2.4.1 Volatile Raw Material Prices
Figure 16 Fluctuations in Crude Oil Prices Between 2010 and 2021
5.3 Porter's Five Forces Analysis
Figure 17 Synthetic Rubber Market: Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicator
5.4.1 Automotive Industry
Table 2 Production of Passenger Cars, Commercial Vehicles, Trucks, and Buses
Table 3 World GDP Growth Projection
5.5 Supply Chain Analysis
Table 4 Synthetic Rubber Market: Supply Chain
Figure 18 Supply Chain Analysis of Synthetic Rubber Market
5.5.1 Impact of COVID-19 on Supply Chain
5.6 Ecosystem/Market Mapping
5.7 Yc & Ycc Shift
Figure 19 Next-Gen Mobility, Light-Weighting, Digitalization, and Improved Medical Care Will Change Future Revenue Mix of Suppliers
Table 5 Yc, Ycc Shift for Synthetic Rubber Market
5.8 Patent Analysis
5.8.1 Introduction
5.8.2 Methodology
5.8.3 Document Type
Figure 20 Number of Patents in Last 11 Years
5.8.4 Publication Trends
Figure 21 Number of Patents, Year-Wise in Last 11 Years
5.8.5 Top Companies/Applicants
Figure 22 Top 10 Companies/Applicants with the Highest Number of Patents
5.8.6 Jurisdiction Analysis
Figure 23 Share of Patents, by Jurisdiction
5.9 Value Chain Analysis
5.9.1 Introduction
5.9.2 Value Chain Analysis
Figure 24 Value Chain of Synthetic Rubber
5.10 COVID-19 Impact
5.10.1 COVID-19 Economic Assessment
5.10.2 Major Economic Effect of COVID-19
Figure 25 Effects on GDP of Countries
Figure 26 Slow Recovery in Demand for Synthetic Rubber
6 Synthetic Rubber Market, by Type
6.1 Introduction
Figure 27 Sbr to Hold the Largest Share of the Market
Table 6 Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 7 Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
6.2 Styrene-Butadiene Rubber (Sbr)
6.2.1 Growth of the Tire Industry to Drive Sbr Demand
Table 8 Styrene Butadiene Rubber Market Size, by Region, 2019-2026 (Kiloton)
Table 9 Styrene Butadiene Rubber Market Size, by Region, 2019-2026 (USD Million)
6.3 Polybutadiene Rubber (Br)
6.3.1 Increasing Consumption of Br in APAC Will Support Market Growth
Table 10 Polybutadiene Rubber Market Size, by Region, 2019-2026 (Kiloton)
Table 11 Polybutadiene Rubber Market Size, by Region, 2019-2026 (USD Million)
6.4 Styrenic Block Copolymer (Sbc)
6.4.1 Growth of the Automotive Industry to Drive Sbc Demand
Table 12 Styrenic Block Copolymer Market Size, by Region, 2019-2026 (Kiloton)
Table 13 Styrenic Block Copolymer Market Size, by Region, 2019-2026 (USD Million)
6.5 Ethylene Propylene Dine Monomer (Epdm)
6.5.1 Growth in Automotive Industry to Drive the Epdm Market
Table 14 Ethylene Propylene Dine Monomer Market Size, by Region, 2019-2026 (Kiloton)
Table 15 Ethylene Propylene Dine Monomer Market Size, by Region, 2019-2026 (USD Million)
6.6 Butyl Rubber (IIR)
6.6.1 the Properties of IIR Will Drive the Market in the Automotive Industry
Figure 28 Demand for IIR by Region (2020)
Table 16 Butyl Rubber Market Size, by Region, 2019-2026 (Kiloton)
Table 17 Butyl Rubber Market Size, by Region, 2019-2026 (USD Million)
6.7 Acrylonitrile Butadiene Rubber (Nbr)
6.7.1 Demand from APAC to Register Steady Growth During the Forecast Period
Table 18 Acrylonitrile Butadiene Rubber Market Size, by Region, 2019-2026 (Kiloton)
Table 19 Acrylonitrile Butadiene Rubber Market Size, by Region, 2019-2026 (USD Million)
6.8 Others
6.8.1 Advance Properties of Polyisoprene Make It Suitable for Several Industrial Applications
Table 20 Other Synthetic Rubber Market Size, by Region, 2019-2026 (Kiloton)
Table 21 Other Synthetic Rubber Market Size, by Region, 2019-2026 (USD Million)
7 Synthetic Rubber Market, by Application
7.1 Introduction
Figure 29 Tire Segment to Hold the Largest Share of the Market
Table 22 Synthetic Rubber Market, by Application
Table 23 Synthetic Rubber Market Size, by Application, 2019-2026 (Kiloton)
Table 24 Synthetic Rubber Market Size, by Application, 2019-2026 (USD Million)
7.2 Tire
7.2.1 Expected Recovery in Automotive Industry from the Impact of COVID-19 to Propel the Market
Figure 30 Global Tire Market Share, by Key Company, 2020
Figure 31 Value Creation Opportunities for Tire Manufacturers by 2030
7.2.2 Impact of Disruptive Technologies in Tires & Tubes
Figure 32 Tire for Ev: Increase in Demand for Performance
Table 25 Synthetic Rubber Market Size in Tire Segment, by Region, 2019-2026 (Kiloton)
Table 26 Synthetic Rubber Market Size in Tire Segment, by Region, 2019-2026 (USD Million)
7.3 Automotive (Non-Tire)
7.3.1 Growth in Electric Vehicles Production to Drive the Demand
Figure 33 Sale of Electric Vehicles in Volume (Unit), by Region, 2019-2020
Figure 34 Passenger Car Markets Trend Index (2019=100)
Table 27 Vehicle Production Data, by Country, 2019-2020
Table 28 Synthetic Rubber Market Size in Non-Tire Automotive Segment, by Region, 2019-2026 (Kiloton)
Table 29 Synthetic Rubber Market Size in Non-Tire Automotive Segment, by Region, 2019-2026 (USD Million)
7.4 Footwear
7.4.1 Advanced Properties Imparted by Sr to Drive the Market
Figure 35 Global Footwear Production Share, by Region, 2020
Figure 36 Global Footwear Production Share, by Country, 2020
Table 30 Synthetic Rubber Market Size in Footwear Segment, by Region, 2019-2026 (Kiloton)
Table 31 Synthetic Rubber Market Size in Footwear Segment, by Region, 2019-2026 (USD Million)
7.5 Industrial
7.5.1 Steady Recovery in the Manufacturing Sector to Drive the Segment
Figure 37 Total Industry Production Output Index of Oecd Countries, Q2-2019 - Q1-2021 (2015 = 100 Index)
Table 32 Synthetic Rubber Market Size in Industrial Segment, by Region, 2019-2026 (Kiloton)
Table 33 Synthetic Rubber Market Size in Industrial Segment, by Region, 2019-2026 (USD Million)
7.6 Consumer Goods
7.6.1 Changing Demand from Consumers in Apparel and Sportswear to Drive the Segment
Table 34 Synthetic Rubber Market Size in Consumer Goods Segment,By Region, 2019-2026 (Kiloton)
Table 35 Synthetic Rubber Market Size in Consumer Goods Segment, by Region, 2019-2026 (USD Million)
7.7 Others
7.7.1 Growth of Medical and Pharmaceutical Sector Across APAC to Drive the Market
Table 36 Synthetic Rubber Market Size in Others Segment, by Region, 2019-2026 (Kiloton)
Table 37 Synthetic Rubber Market Size in Others Segment, by Region, 2019-2026 (USD Million)
8 Synthetic Rubber Market, by Region
8.1 Introduction
Figure 38 Regional Snapshot: Rapidly Growing Markets Are Emerging as New Hotspots
Table 38 Synthetic Rubber Market Size, by Region, 2019-2026 (Kiloton)
Table 39 Synthetic Rubber Market Size, by Region, 2019-2026 (USD Million)
8.2 APAC
Figure 39 APAC: Synthetic Rubber Market Snapshot
Table 40 APAC: Synthetic Rubber Market Size, by Country, 2019-2026 (Kiloton)
Table 41 APAC: Synthetic Rubber Market Size, by Country, 2019-2026 (USD Million)
Table 42 APAC: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 43 APAC: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 44 APAC: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 45 APAC: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.2.1 China
8.2.1.1 Growing Industrialization to Drive the Demand for Synthetic Rubber
Table 46 China New Butadiene Capacity in 2020 (In ‘000 Tons/Year)
Table 47 China Tire Production in 2015-2020 (Million Units)
Table 48 China: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 49 China: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 50 China: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 51 China: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.2.2 Japan
8.2.2.1 Emission Standards to Fuel Growth of Market During the Forecast Period
Figure 40 Japan Automotive Production, 2010-2020
Table 52 Japan: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 53 Japan: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 54 Japan: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 55 Japan: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.2.3 South Korea
8.2.3.1 Increasing Automobile Manufacturing to Push Demand for Synthetic Rubber During the Forecast Period
Table 56 South Korea: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 57 South Korea: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 58 South Korea: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 59 South Korea: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.2.4 India
8.2.4.1 Signs of Recovery in Automotive Sector Not Visible in Near Future
Table 60 India: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 61 India: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 62 India: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 63 India: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.2.5 Asean
8.2.5.1 Lucrative Opportunity for Tire Manufacturers to Drive the Market
Table 64 Asean Countries: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 65 Asean Countries: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 66 Asean Countries: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 67 Asean: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.2.6 Australia & New Zealand
8.2.6.1 Growth in Automotive Sector to Drive the Market
Table 68 Australia & New Zealand: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 69 Australia & New Zealand: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 70 Australia & New Zealand: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 71 Australia & New Zealand: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.2.7 Rest of APAC
Table 72 Rest of APAC: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 73 Rest of APAC : Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 74 Rest of APAC: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 75 Rest of APAC: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.3 North America
Table 76 North America: Synthetic Rubber Market Size, by Country, 2019-2026 (Kiloton)
Table 77 North America: Synthetic Rubber Market Size, by Country, 2019-2026 (USD Million)
Table 78 North America: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 79 North America: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 80 North America: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 81 North America: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.3.1 US
8.3.1.1 Increasing Automotive Export to Drive the Synthetic Rubber Market
Figure 41 North America Automotive Production
Table 82 Us: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 83 Us: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 84 Us: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 85 Us: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.3.2 Canada
8.3.2.1 Policies Relating to Evs to Drive Demand for Synthetic Rubber Post COVID-19
Table 86 Canada: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 87 Canada: Synthetic Rubber Market Size, by Type,2019-2026 (USD Million)
Table 88 Canada: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 89 Canada: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.3.3 Mexico
8.3.3.1 Growth in Automotive Sector to Drive the Market
Table 90 Mexico: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 91 Mexico: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 92 Mexico: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 93 Mexico: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.4 Europe
Figure 42 Europe: Synthetic Rubber Market Snapshot
Figure 43 Europe Automotive Production and Y-O-Y Growth (%), 2017-2020
Table 94 Europe: Synthetic Rubber Market Size, by Country, 2019-2026 (Kiloton)
Table 95 Europe: Synthetic Rubber Market Size, by Country, 2019-2026 (USD Million)
Table 96 Europe: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 97 Europe: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 98 Europe: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 99 Europe: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.4.1 Germany
8.4.1.1 Government Support to Boost Electric Vehicle Market to Drive the Market
Figure 44 Germany Automotive Production and Export, 2018-2021
Table 100 Germany: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 101 Germany: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 102 Germany: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 103 Germany: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.4.2 UK
8.4.2.1 Expected Recovery of Automotive Industry to Drive the Market
Table 104 Uk: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 105 Uk: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 106 Uk: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 107 Uk: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.4.3 France
8.4.3.1 Growing Consumption of Synthetic Rubber in Electric Vehicles to Drive the Demand
Table 108 France: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 109 France: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 110 France: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 111 France: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.4.4 Russia
8.4.4.1 Market Hampered by Sharp Decline in Automobile Production in the Country
Table 112 Russia: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 113 Russia: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 114 Russia: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 115 Russia: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.4.5 Italy
8.4.5.1 Increasing Sale of Ev to Drive the Synthetic Rubber Market
Table 116 Italy: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 117 Italy: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 118 Italy: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 119 Italy: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.4.6 Spain
8.4.6.1 Significant Recovery of Economy and Automotive Industry to Drive the Market
Figure 45 Spain Total Automotive Production, 2020
Table 120 Spain: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 121 Spain: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 122 Spain: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 123 Spain: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.4.7 Rest of Europe
Table 124 Rest of Europe: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 125 Rest of Europe: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 126 Rest of Europe: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 127 Rest of Europe: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.5 Middle East & Africa
Table 128 Middle East & Africa: Synthetic Rubber Market Size, by Country, 2019-2026 (Kiloton)
Table 129 Middle East & Africa: Synthetic Rubber Market Size, by Country, 2019-2026 (USD Million)
Table 130 Middle East & Africa: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 131 Middle East & Africa: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 132 Middle East & Africa: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 133 Middle East & Africa: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.5.1 Saudi Arabia
8.5.1.1 Vision 2030 and Other Government Plans to Boost the Automotive Industry
Table 134 Saudi Arabia: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 135 Saudi Arabia: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 136 Saudi Arabia: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 137 Saudi Arabia: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.5.2 Uae
8.5.2.1 Steady Recovery of End-Use Industries from COVID-19 to Support Market Growth
Table 138 Uae: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 139 Uae: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 140 Uae: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 141 Uae: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.5.3 South Africa
8.5.3.1 New Vehicle Market to Witness Slow Demand
Table 142 South Africa: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 143 South Africa: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 144 South Africa: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 145 South Africa: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.5.4 Rest of Middle East & Africa
Table 146 Rest of Middle East & Africa: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 147 Rest of Middle East & Africa: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 148 Rest of Middle East & Africa: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 149 Rest of Middle East & Africa: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.6 South America
Table 150 South America: Synthetic Rubber Market Size, by Country, 2019-2026 (Kiloton)
Table 151 South America: Synthetic Rubber Market Size, by Country, 2019-2026 (USD Million)
Table 152 South America: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 153 South America: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 154 South America: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 155 South America: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.6.1 Brazil
8.6.1.1 Economic Downturn and Declining Automobile Production Impacting Synthetic Rubber Demand
Figure 46 Brazil Total Vehicle Production, 2018-2021 (Units)
Table 156 Brazil: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 157 Brazil: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 158 Brazil: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 159 Brazil: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.6.2 Argentina
8.6.2.1 Increasing Passenger Car Sales to Drive the Synthetic Rubber Market
Table 160 Argentina: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 161 Argentina: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 162 Argentina: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 163 Argentina: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
8.6.3 Rest of South America
Table 164 Rest of South America: Synthetic Rubber Market Size, by Type, 2019-2026 (Kiloton)
Table 165 Rest of South America: Synthetic Rubber Market Size, by Type, 2019-2026 (USD Million)
Table 166 Rest of South America: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (Kiloton)
Table 167 Rest of South America: Synthetic Rubber Market Size, by End-Use Industry, 2019-2026 (USD Million)
9 Competitive Landscape
9.1 Introduction
Figure 47 Acquisition is the Key Strategy Adopted by Market Players Between 2017 and 2020
9.2 Market Share Analysis
Figure 48 Market Share of Key Players, Based on Production Capacity (2020)
Table 168 Strategic Positioning of Key Players
9.3 Market Evaluation Framework
Figure 49 Market Evaluation Framework: Expansion and Consolidation
9.4 Competitive Scenario
9.5 Revenue Analysis of Top Players
Table 169 Revenue Analysis of Key Players
10 Company Profiles
(Business Overview, Products Offered, Recent Developments, Analyst's View)*
10.1 Exxon Mobil Corporation
Figure 50 Exxon Mobil Corporation: Company Snapshot
10.2 the Dow Chemical Company
Figure 51 the Dow Chemical Company: Company Snapshot
10.3 Dupont
Figure 52 Dupont: Company Snapshot
10.4 China Petroleum and Chemical Corporation
Figure 53 China Petroleum and Chemical Corporation: Company Snapshot
10.5 Asahi Kasei Corporation
Figure 54 Asahi Kasei Corporation: Company Snapshot
10.6 Denka Company Limited
Figure 55 Denka Company Limited: Company Snapshot
10.7 Sabic
Figure 56 Sabic: Company Snapshot
10.8 JSR Corporation
Figure 57 JSR Corporation: Company Snapshot
10.9 Lanxess Ag
Figure 58 Lanxess Ag: Company Snapshot
10.10 Lg Chemical
Figure 59 Lg Chemical: Company Snapshot
10.11 Mitsui Chemicals Inc.
Figure 60 Mitsui Chemical Inc.: Company Snapshot
10.12 Sibur
Figure 61 Sibur: Company Snapshot
10.13 Goodyear Tire and Rubber Company
Figure 62 the Goodyear Tire and Rubber Company: Company Snapshot
10.14 Nizhnekamskneftekhim
Figure 63 Nizhnekamskneftekhim: Company Snapshot
10.15 Zeon Corporation
Figure 64 Zeon Corporation: Company Snapshot
10.16 Trinseo
Figure 65 Trinseo: Company Snapshot
10.17 Kumho Petrochemical Company Ltd.
Figure 66 Kumho Petrochemical Co. Ltd.: Company Snapshot
10.18 Other Key Market Players
10.18.1 Group Dynasol
10.18.2 Kraton Corporation
10.18.3 Synthos
10.18.4 Lion Elastomers
10.18.5 Firestone Polymers
10.18.6 Indian Synthetic Rubber Private Limited
*Details on Business Overview, Products Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.
11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: The Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details
  • Asahi Kasei Corporation
  • China Petroleum and Chemical Corporation
  • Denka Company Limited
  • Dupont
  • Exxon Mobil Corporation
  • Firestone Polymers
  • Goodyear Tire and Rubber Company
  • Group Dynasol
  • Indian Synthetic Rubber Private Limited
  • JSR Corporation
  • Kraton Corporation
  • Kumho Petrochemical Company Ltd.
  • Lanxess Ag
  • LG Chemical
  • Lion Elastomers
  • Mitsui Chemicals Inc.
  • Nizhnekamskneftekhim
  • Sabic
  • Sibur
  • Synthos
  • The Dow Chemical Company
  • Trinseo
  • Zeon Corporation

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