Global Synthetic Rubber Market Size Study & Forecast, by Type, Application and Regional Forecasts 2025-2035

The global Synthetic Rubber market is projected to evolve steadily, reaching an estimated value of USD 41.26 billion by 2035, up from USD 25.16 billion in 2024, registering a CAGR of 4.60% over the forecast period from 2025 to 2035. As industries transition toward materials that offer a blend of performance, durability, and adaptability, synthetic rubber has emerged as a cornerstone of industrial development. Whether supporting the foundational framework of global tire manufacturing or enhancing the structural integrity of footwear and industrial goods, synthetic rubber's elasticity and resilience have made it an indispensable material across a spectrum of applications.

Synthetic rubber-engineered through the polymerization of monomers like butadiene, styrene, and isoprene-has become a key enabler in replacing natural rubber in environments where enhanced thermal stability, abrasion resistance, and chemical tolerance are essential. The surging demand from tire and automotive sectors is underpinned by the growth of both internal combustion engine (ICE) vehicles and electric vehicles (EVs), with automakers turning to high-performance materials to meet evolving regulatory and functional requirements. The rapid urbanization and growing population in emerging economies, coupled with infrastructure expansion and increased personal mobility, are further propelling demand for synthetic rubber in automotive non-tire components such as seals, hoses, and gaskets.

Geographically, North America remains a major contributor to market growth, supported by technological advancements and the strong presence of automotive and industrial manufacturers. The U.S. continues to drive R&D and investment in advanced rubber compounds for high-value applications. Meanwhile, Asia Pacific is anticipated to register the fastest growth, fueled by rising automotive production, increased investment in manufacturing capacities, and robust economic activity in China, India, and Southeast Asia. Europe also represents a stronghold for specialty-grade rubber, with major market players investing in sustainable production technologies and strategic partnerships to minimize carbon footprints and comply with stringent environmental standards. The growing footwear industry in Latin America and ongoing construction activities in the Middle East & Africa offer additional avenues for synthetic rubber applications in adhesives, industrial linings, and consumer goods.

Major market player included in this report are:

• BASF SE
• Chevron Phillips Chemical Company
• Halliburton Company
• Croda International Plc.
• Schlumberger Limited
• Trican Well Service Ltd.
• Impact Fluid Solutions
• M&D Industries of Louisiana, Inc.
• Aubin Group
• Baker Hughes Company
• ExxonMobil Chemical
• Lanxess AG
• Kumho Petrochemical Co., Ltd.
• LG Chem Ltd.
• The Dow Chemical Company

Global Synthetic Rubber Market Report Scope:

• Historical Data - 2023, 2024
• Base Year for Estimation - 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Type:

• Styrene-Butadiene Rubber (SBR)
• Butadiene Rubber (BR)
• Styrenic Block Copolymers (SBC)
• Ethylene Propylene Diene Monomer (EPDM)
• Isobutylene Isoprene Rubber (IIR)
• Nitrile Butadiene Rubber (NBR)

By Application:

• Tire
• Automotive (Non-tire)
• Footwear
• Industrial Goods
• Consumer Goods
• Textiles

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.