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Synthetic Rubber Market by Type, Application and Geography-Forecast up to 2028

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    Report

  • 64 Pages
  • July 2023
  • Region: Global
  • IHR Insights
  • ID: 5446389
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Synthetic Rubber is a type of elastic polymer primarily obtained from petroleum by-products. Synthetic Rubber have several properties such as flexibility, oil resistant, stability and better water repellant property which make them compatible in several end use industry application such as footwear, automotive & transportation, tire, and others. Moreover, the synthetic rubber is also used for making polymer concrete for waterproofing, conveyor belt covers, gaskets, tubes and others. The automotive industry is one of the largest consumers of synthetic rubber, using it for the production of tires, hoses, belts, and other automotive components. The growth in the automotive sector is driven by increasing vehicle production and replacement demand, which fueled the growth of synthetic rubber market. Moreover the tire industry's growth is also a significant driver for the synthetic rubber market. On the other hand, the environmental issues and competition from natural rubber is likely to impel the synthetic rubber market growth. The Synthetic Rubber Market is expected to grow at the rate of 4.8% CAGR by 2028.

Synthetic Rubber Market by Type:

  • Styrene Butadiene Rubber
  • Ethylene Propylenediene Rubber
  • Polyisoprene
  • Polybutadiene Rubber
  • Others

Synthetic Rubber Market by Application:

  • Tire
  • Non-tire automotive
  • Footwear
  • Industrial

Synthetic Rubber Market by Geography:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
The types of the synthetic rubber include Styrene Butadiene Rubber, Ethylene Propylenediene Rubber, Polyisoprene, Polybutadiene Rubber and Others. Among them the styrene butadiene rubber is the most commonly used type of synthetic rubber and is used in huge volume in automobile and truck tires, owing to its abrasion-resistant feature. Styrene butadiene rubber made in latex form and is used as rubber glue in carpet manufacturing. Few other applications of SBR are conveyor belts, roll coverings and car tires, haul-off pads, shoe soles and heels and other molded rubber goods.

In the synthetic rubber market for application, the market is divided into tire, non-tire automotive, footwear and industrial. The tire segment is accounted for the highest application segment in the synthetic rubber market. Synthetic rubber provides many outstanding features to tires, such as safety, control, grip, and comfort. It also provides various other features, such as directional stability, spinning resistance, moist traction, resistance to puncture, steering response, fast and run-flat ability, high fuel optimization and climate resistance to operate in harsh conditions. The rising demand for tires providing smoother and noiseless ride with has enhanced tire manufacturers to use excellent materials, such as synthetic rubber and silane. Also synthetic tires are vastly used in military vehicles and heavy-duty vehicles.4
In terms of geography, the Asia Pacific segment is expected to hold the maximum share in the market. The maximum share of this segment is credited to the presence of developed textile and manufacturing industries in this region and increasing demand for synthetic rubber in countries such as China and India. Moreover, due to the drastic industrialization and rising automotive and footwear industry in China is also contributing in the growth of the market.

The major trend driving global market growth is the increasing global emphasis on sustainability and environmental consciousness drove the demand for eco-friendly and sustainable materials. This trend extended to the synthetic rubber market, leading to the development of bio-based and renewable synthetic rubber alternatives. In addition to this, the advances in polymer science and technology led to the development of high-performance synthetic rubber formulations with improved properties, such as higher heat resistance, abrasion resistance, and low rolling resistance for tires.

Few major vendors of the synthetic rubber market are ExxonMobil Corporation, Reliance Industries Limited., Apcotex, The Goodyear Tire & Rubber Company, Saudi Arabian Oil Co., TSRC, Kumho Petrochemical, China Petrochemical Corporation, and LANXESS, JSR Corporation.

Since, the increasing awareness about the safety provided by the synthetic rubber in the application of tire is gaining traction in the market. Furthermore, the increasing demand for its high-performance in various industries and emerging eco-friendly tires are providing enormous opportunities.
  • This study explains the restraints, opportunities, advanced product launches of the synthetic rubber market.
  • This research also depicts the geographical and country level analysis which includes the demand and supply forces along with their impact on the market.
  • This study also describes the competitive outlook which includes the contribution of major vendors and their strategies.
  • This report further provides information about all the included company’s profiles offering products, financial information, novel developments and SWOT analysis.

Table of Contents

1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Type: Market Size & Analysis
5.1. Overview
5.2. Styrene Butadiene Rubber
5.3. Ethylene Propylenediene Rubber
5.4. Polyisoprene
5.5. Polybutadiene Rubber
5.6. Others
6. Application: Market Size & Analysis
6.1. Overview
6.2. Tire
6.3. Non-tire automotive
6.4. Footwear
6.5. Industrial
7. Geography: Market Size & Analysis
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Rest of the World
8. Competitive Landscape
8.1. Competitor Comparison Analysis
8.2. Market Developments
8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
8.2.2. Product Launches and execution
9. Vendor Profiles
9.1. ExxonMobil Corporation
9.1.1. Overview
9.1.2. Financial Overview
9.1.3. Product End Users
9.1.4. Developments
9.1.5. Business Strategy
9.2. Reliance Industries Limited
9.2.1. Overview
9.2.2. Financial Overview
9.2.3. Product End Users
9.2.4. Developments
9.2.5. Business Strategy
9.3. Apcotex
9.3.1. Overview
9.3.2. Financial Overview
9.3.3. Product End Users
9.3.4. Developments
9.3.5. Business Strategy
9.4. The Goodyear Tire & Rubber Company
9.4.1. Overview
9.4.2. Financial Overview
9.4.3. Product End Users
9.4.4. Developments
9.4.5. Business Strategy
9.5. Saudi Arabian Oil Co.
9.5.1. Overview
9.5.2. Financial Overview
9.5.3. Product End Users
9.5.4. Developments
9.5.5. Business Strategy
9.6. TSRC
9.6.1. Overview
9.6.2. Financial Overview
9.6.3. Product End Users
9.6.4. Developments
9.6.5. Business Strategy
9.7. Kumho Petrochemical
9.7.1. Overview
9.7.2. Financial Overview
9.7.3. Product End Users
9.7.4. Developments
9.7.5. Business Strategy
9.8. China Petrochemical Corporation
9.8.1. Overview
9.8.2. Financial Overview
9.8.3. Product End Users
9.8.4. Developments
9.8.5. Business Strategy
9.9. LANXESS
9.9.1. Overview
9.9.2. Financial Overview
9.9.3. Product End Users
9.9.4. Developments
9.9.5. Business Strategy
9.10. JSR Corporation
9.10.1. Overview
9.10.2. Financial Overview
9.10.3. Product End Users
9.10.4. Developments
9.10.5. Business Strategy
10. Analyst Opinion
11. Annexure
11.1. Report Scope
11.2. Market Definitions
11.3. Research Methodology
11.3.1. Data Collation and In-house Estimation
11.3.2. Market Triangulation
11.3.3. Forecasting
11.4. Report Assumptions
11.5. Declarations
11.6. Stakeholders
  • Abbreviations
List of Tables
Table 1. Global Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 2. Global Synthetic Rubber Market Value for Styrene Butadiene Rubber, by Geography, 2020-2026 (USD Billion)
Table 3. Global Synthetic Rubber Market Value for Ethylene Propylenediene Rubber, by Geography, 2020-2026 (USD Billion)
Table 4. Global Synthetic Rubber Market Value for Polyisoprene, by Geography, 2020-2026 (USD Billion)
Table 5. Global Synthetic Rubber Market Value for Polybutadiene Rubber, by Geography, 2020-2026 (USD Billion)
Table 6. Global Synthetic Rubber Market Value for Others, by Geography, 2020-2026 (USD Billion)
Table 7. Global Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 8. Global Synthetic Rubber Market Value for Tire, by Geography, 2020-2026 (USD Billion)
Table 9. Global Synthetic Rubber Market Value for Non-Tire Automotive, by Geography, 2020-2026 (USD Billion)
Table 10. Global Synthetic Rubber Market Value for Footwear, by Geography, 2020-2026 (USD Billion)
Table 11. Global Synthetic Rubber Market Value for Industrial, by Geography, 2020-2026 (USD Billion)
Table 12. North America Synthetic Rubber Market Value, by Country, 2020-2026 (USD Billion)
Table 13. North America Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 14. North America Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 15. U.S Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 16. U.S Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 17. Canada Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 18. Canada Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 19. Europe Synthetic Rubber Market Value, by Country, 2020-2026 (USD Billion)
Table 20. Europe Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 21. Europe Synthetic Rubber Market Value, Application, 2020-2026 (USD Billion)
Table 22. Germany Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 23. Germany Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 24. U.K Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 25. U.K Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 26. France Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 27. France Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 28. Italy Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 29. Italy Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 30. Spain Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 31. Spain Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 32. Roe Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 33. Roe Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 34. Asia Pacifc Synthetic Rubber Market Value, by Country, 2020-2026 (USD Billion)
Table 35. Asia Pacifc Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 36. Asia Pacifc Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 37. China Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 38. China Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 39. India Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 40. India Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 41. Japan Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 42. Japan Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 43. Rest of APAC Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 44. Rest of APAC Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 45. Rest of World Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Table 46. Rest of World Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Table 47. Exxonmobil Corporation: Financials
Table 48. Exxonmobil Corporation: Products & Services
Table 49. Exxonmobil Corporation: Recent Developments
Table 50. Reliance Industries Limited.: Financials
Table 51. Reliance Industries Limited.: Products & Services
Table 52. Reliance Industries Limited.: Recent Developments
Table 53. Apcotex: Financials
Table 54. Apcotex: Products & Services
Table 55. Apcotex: Recent Developments
Table 56. The Goodyear Tire & Rubber Company: Financials
Table 57. The Goodyear Tire & Rubber Company: Products & Services
Table 58. The Goodyear Tire & Rubber Company: Recent Developments
Table 59. Saudi Arabian Oil Co.: Financials
Table 60. Saudi Arabian Oil Co.: Products & Services
Table 61. Saudi Arabian Oil Co.: Recent Developments
Table 62. Tsrc: Financials
Table 63. Tsrc: Products & Services
Table 64. Tsrc: Recent Developments
Table 65. Kumho Petrochemical: Financials
Table 66. Kumho Petrochemical: Products & Services
Table 67. Kumho Petrochemical: Recent Developments
Table 68. China Petrochemical Corporation: Financials
Table 69. China Petrochemical Corporation: Products & Services
Table 70. China Petrochemical Corporation: Recent Developments
Table 71. Lanxess: Financials
Table 72. Lanxess: Products & Services
Table 73. Lanxess: Recent Developments
Table 74. Jsr Corporation: Financials
Table 75. Jsr Corporation: Products & Services
Table 76. Jsr Corporation: Recent Developments
List of Figures
Chart. 1. Global Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 2. Global Synthetic Rubber Market Value for Styrene Butadiene Rubber, by Geography, 2020-2026 (USD Billion)
Chart. 3. Global Synthetic Rubber Market Value for Ethylene Propylenediene Rubber, by Geography, 2020-2026 (USD Billion)
Chart. 4. Global Synthetic Rubber Market Value for Polyisoprene, by Geography, 2020-2026 (USD Billion)
Chart. 5. Global Synthetic Rubber Market Value for Polybutadiene Rubber, by Geography, 2020-2026 (USD Billion)
Chart. 6. Global Synthetic Rubber Market Value for Others, by Geography, 2020-2026 (USD Billion)
Chart. 7. Global Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 8. Global Synthetic Rubber Market Value for Tire, by Geography, 2020-2026 (USD Billion)
Chart. 9. Global Synthetic Rubber Market Value for Non-Tire Automotive, by Geography, 2020-2026 (USD Billion)
Chart. 10. Global Synthetic Rubber Market Value for Footwear, by Geography, 2020-2026 (USD Billion)
Chart. 11. Global Synthetic Rubber Market Value for Industrial, by Geography, 2020-2026 (USD Billion)
Chart. 12. North America Synthetic Rubber Market Value, by Country, 2020-2026 (USD Billion)
Chart. 13. North America Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 14. North America Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 15. U.S Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 16. U.S Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 17. Canada Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 18. Canada Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 19. Europe Synthetic Rubber Market Value, by Country, 2020-2026 (USD Billion)
Chart. 20. Europe Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 21. Europe Synthetic Rubber Market Value, Application, 2020-2026 (USD Billion)
Chart. 22. Germany Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 23. Germany Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 24. U.K Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 25. U.K Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 26. France Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 27. France Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 28. Italy Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 29. Italy Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 30. Spain Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 31. Spain Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 32. Roe Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 33. Roe Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 34. Asia Pacifc Synthetic Rubber Market Value, by Country, 2020-2026 (USD Billion)
Chart. 35. Asia Pacifc Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 36. Asia Pacifc Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 37. China Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 38. China Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 39. India Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 40. India Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 41. Japan Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 42. Japan Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 43. Rest of APAC Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 44. Rest of APAC Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)
Chart. 45. Rest of World Synthetic Rubber Market Value, by Type, 2020-2026 (USD Billion)
Chart. 46. Rest of World Synthetic Rubber Market Value, by Application, 2020-2026 (USD Billion)

Companies Mentioned

  • ExxonMobil Corporation
  • Reliance Industries Limited.
  • Apcotex
  • The Goodyear Tire & Rubber Company
  • Saudi Arabian Oil Co.
  • TSRC
  • Kumho Petrochemical
  • China Petrochemical Corporation
  • LANXESS
  • JSR Corporation

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