PUBLISHER: IMARC | PRODUCT CODE: 1298720
PUBLISHER: IMARC | PRODUCT CODE: 1298720
Synthetic Rubber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global synthetic rubber market size reached US$ 32.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 39.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.52% during 2023-2028.
Synthetic rubber is a man-made rubber, or an artificial elastomer, produced from various petroleum-based monomers. It is synthesized from raw materials, such as oil, coal, natural gas and acetylene. Ethylene propylene diene, polyisoprene, polybutadiene, styrene-butadiene and isobutylene isoprene are some of the commonly used synthetic rubbers. It is widely used in belts, hoses, seals, floor coverings, tires, footwear and conveyor belts. As compared to natural rubber, synthetic rubber exhibits better elasticity, toughness, flexibility at low temperatures, adhesiveness, resistance to water, heat, alkalis, acids, abrasion, grease and oil. It also provides high resilience, good tensile strength, durability, and tear resistance.
Synthetic Rubber Market Trends:
The significant expansion in the automotive industry across the globe is creating a positive outlook for the market growth. Synthetic rubber is widely used in vehicle components, such as tires, doors, window profiles, belts and gaskets, owing to its good ageing stability and high abrasion resistance. In line with this, the widespread utilization of styrene-butadiene rubber (SBR) for the manufacturing of tires due to its resistance with alcohol, silicone oil, grease, water and weak acids is favoring the market growth. Moreover, various product innovations, such as the introduction of chemically optimized synthetic rubber with tailor-made silica that provides enhanced wear efficacy and rolling resistance, while reducing fuel consumption and carbon dioxide emissions, are providing an impetus to the market growth. Additionally, the increasing product demand in dimensionally stable and elastically malleable technical products, such as roller coverings, roof sheeting, conveyor belts and molded parts, is positively impacting the market growth. Apart from this, the widespread adoption of electric vehicles (EVs) and the introduction of bio-based feedstock for synthetic rubber are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global synthetic rubber market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, form and application.
Breakup by Type:
Styrene Butadiene Rubber
Ethylene Propylene Diene Rubber
Polyisoprene
Polybutadiene Rubber
Isobutylene Isoprene Rubber
Others
Breakup by Form:
Liquid Synthetic Rubber
Solid Synthetic Rubber
Breakup by Application:
Tire and Tire Component
Non-Tire Automobile Application
Footwear
Industrial Goods
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Apcotex Industries Limited, Asahi Kasei Corporation, China Petrochemical Corporation, Denka Company Limited, Exxon Mobil Corporation, JSR Corporation, Kumho Petrochemical Co. Ltd., Lanxess AG, LG Chem Ltd., PJSC Nizhnekamskneftekhim, Reliance Industries Limited, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), The Goodyear Tire & Rubber Company, TSRC Corporation and Zeon Corporation.
Key Questions Answered in This Report
1. What was the size of the global synthetic rubber market in 2022?
2. What is the expected growth rate of the global synthetic rubber market during 2023-2028?
3. What are the key factors driving the global synthetic rubber market?
4. What has been the impact of COVID-19 on the global synthetic rubber market?
5. What is the breakup of the global synthetic rubber market based on the type?
6. What is the breakup of the global synthetic rubber market based on the form?
7. What is the breakup of the global synthetic rubber market based on the application?
8. What are the key regions in the global synthetic rubber market?
9. Who are the key players/companies in the global synthetic rubber market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Synthetic Rubber Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Styrene Butadiene Rubber
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Ethylene Propylene Diene Rubber
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Polyisoprene
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Polybutadiene Rubber
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Isobutylene Isoprene Rubber
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Form
- 7.1 Liquid Synthetic Rubber
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Solid Synthetic Rubber
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Tire and Tire Component
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Non-Tire Automobile Application
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Footwear
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Industrial Goods
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Apcotex Industries Limited
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Asahi Kasei Corporation
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 China Petrochemical Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Denka Company Limited
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Exxon Mobil Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 JSR Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Kumho Petrochemical Co. Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Lanxess AG
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 LG Chem Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 PJSC Nizhnekamskneftekhim
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Reliance Industries Limited
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.13 The Goodyear Tire & Rubber Company
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis
- 14.3.14 TSRC Corporation
- 14.3.14.1 Company Overview
- 14.3.14.2 Product Portfolio
- 14.3.14.3 Financials
- 14.3.15 Zeon Corporation
- 14.3.15.1 Company Overview
- 14.3.15.2 Product Portfolio
- 14.3.15.3 Financials
- 14.3.1 Apcotex Industries Limited
List of Figures
- Figure 1: Global: Synthetic Rubber Market: Major Drivers and Challenges
- Figure 2: Global: Synthetic Rubber Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Synthetic Rubber Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Synthetic Rubber Market: Breakup by Type (in %), 2022
- Figure 5: Global: Synthetic Rubber Market: Breakup by Form (in %), 2022
- Figure 6: Global: Synthetic Rubber Market: Breakup by Application (in %), 2022
- Figure 7: Global: Synthetic Rubber Market: Breakup by Region (in %), 2022
- Figure 8: Global: Synthetic Rubber (Styrene Butadiene Rubber) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Synthetic Rubber (Styrene Butadiene Rubber) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Synthetic Rubber (Ethylene Propylene Diene Rubber) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Synthetic Rubber (Ethylene Propylene Diene Rubber) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Synthetic Rubber (Polyisoprene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Synthetic Rubber (Polyisoprene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Synthetic Rubber (Polybutadiene Rubber) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Synthetic Rubber (Polybutadiene Rubber) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Synthetic Rubber (Isobutylene Isoprene Rubber) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Synthetic Rubber (Isobutylene Isoprene Rubber) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Synthetic Rubber (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Synthetic Rubber (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Synthetic Rubber (Liquid Synthetic Rubber) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Synthetic Rubber (Liquid Synthetic Rubber) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Synthetic Rubber (Solid Synthetic Rubber) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Synthetic Rubber (Solid Synthetic Rubber) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Synthetic Rubber (Tire and Tire Component) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Synthetic Rubber (Tire and Tire Component) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Synthetic Rubber (Non-Tire Automobile Application) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Synthetic Rubber (Non-Tire Automobile Application) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Synthetic Rubber (Footwear) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Synthetic Rubber (Footwear) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Synthetic Rubber (Industrial Goods) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Synthetic Rubber (Industrial Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Synthetic Rubber (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Synthetic Rubber (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: North America: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: North America: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: United States: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: United States: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Canada: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Canada: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Asia-Pacific: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Asia-Pacific: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: China: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: China: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Japan: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Japan: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: India: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: India: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: South Korea: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: South Korea: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Australia: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Australia: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Indonesia: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Indonesia: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Others: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Others: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Europe: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Europe: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Germany: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Germany: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: France: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: France: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: United Kingdom: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: United Kingdom: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Italy: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Italy: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Spain: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Spain: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Russia: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Russia: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Latin America: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Latin America: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Brazil: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Brazil: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Mexico: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Mexico: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Others: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Others: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Middle East and Africa: Synthetic Rubber Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Middle East and Africa: Synthetic Rubber Market: Breakup by Country (in %), 2022
- Figure 82: Middle East and Africa: Synthetic Rubber Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Global: Synthetic Rubber Industry: SWOT Analysis
- Figure 84: Global: Synthetic Rubber Industry: Value Chain Analysis
- Figure 85: Global: Synthetic Rubber Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Synthetic Rubber Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Synthetic Rubber Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Synthetic Rubber Market Forecast: Breakup by Form (in Million US$), 2023-2028
- Table 4: Global: Synthetic Rubber Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Synthetic Rubber Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Synthetic Rubber Market: Competitive Structure
- Table 7: Global: Synthetic Rubber Market: Key Players
