Synthetic Rubber and Fibers Market Report 2026

The synthetic rubber and fibers market size has grown steadily in recent years. It will grow from $258.57 billion in 2025 to $268.88 billion in 2026 at a compound annual growth rate (CAGR) of 4%. The growth in the historic period can be attributed to growth of automotive industry, expansion of tire manufacturing, demand for durable elastomers, development of petrochemical polymers, industrialization trends.

The synthetic rubber and fibers market size is expected to see steady growth in the next few years. It will grow to $326.57 billion in 2030 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to increase in electric vehicle production, rising infrastructure investments, demand for lightweight materials, innovation in elastomer technologies, expansion of technical textiles. Major trends in the forecast period include rising demand for automotive rubber components, growing use in tire manufacturing, expansion of industrial rubber applications, increased adoption of synthetic fibers in textiles, focus on high performance elastomers.

The expansion of the automotive industry is anticipated to be a driving force behind the growth of the synthetic rubber and fibers market in the coming years. The automotive industry encompasses various activities related to motor vehicle design, production, sales, and maintenance. Synthetic rubber and fibers are instrumental in the automotive sector, providing durable and high-performance materials for tire manufacturing. This, in turn, enhances vehicle safety, fuel efficiency, and the longevity of automotive components, ultimately reducing maintenance costs. For instance, in September 2023, the UK-based trade association, the Society of Motor Manufacturers and Traders (SMMT), reported a 28.9% year-on-year increase in UK vehicle production for July, reaching 85,304 units. This included a 31.6% rise in passenger car production to 76,451 units and a 9.3% increase in commercial vehicle production to 8,853 units. Consequently, the thriving automotive industry is a key driver of the synthetic rubber and fibers market's growth.

Major companies operating in the synthetic rubber and fibers market are focusing on developing eco-friendly solutions to address the rising demand for sustainable materials while maintaining high performance in industrial applications. Eco-friendly synthetic rubbers are manufactured using renewable resources or certified sustainable processes, aiming to reduce environmental impact without compromising material properties. For instance, in August 2025, ARLANXEO, a Germany-based synthetic rubber manufacturer, launched its ISCC PLUS-certified Keltan Eco rubber portfolio in India. The portfolio includes Eco-B and Eco-BC grades, designed for automotive components, wires, and cable applications, offering resistance to oxygen, ozone, heat, and radiation. This launch supports sustainable growth in India’s expanding automotive and infrastructure sectors, enabling customers to meet the increasing demand for greener materials.

In October 2024, Hansae Co. Ltd., a South Korea-based apparel manufacturer, acquired Texollini for an undisclosed amount. Through this acquisition, Hansae aims to vertically integrate its operations and strengthen its synthetic fibers portfolio by leveraging Texollini’s advanced fabric manufacturing capabilities and expanding its presence in Central America. Texollini is a US-based textile company specializing in high-quality fabrics for apparel, including synthetic fiber-based materials.

Major companies operating in the synthetic rubber and fibers market are Sinopec Limited, Mitsubishi Chemical Holdings Corp, Lotte Chemical Corp, Teijin Ltd, Asahi Kasei Corporation, Kumho Petrochemical, LANXESS, Dow, JSR Corporation, Reliance Industries Limited, Versalis S.p.A., Trinseo, Zeon Corporation, Nizhnekamskneftekhim, The Goodyear Tire and Rubber Company, Mitsui Chemical Inc., Denka Company Ltd., Sumitomo Chemical Co., Ltd., Alpek S.A.B. de C.V., China Petrochemical Corporation.

Asia-Pacific was the largest region in the synthetic rubber and fibers market in 2025. Western Europe was the second-largest region in the synthetic rubber and fibers market. The regions covered in the synthetic rubber and fibers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the synthetic rubber and fibers market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The synthetic rubber and fiber market consists of the sales of neoprene, buna rubbers, and butyl rubbers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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