PUBLISHER: Persistence Market Research | PRODUCT CODE: 1742460
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1742460
Synthetic Rubber Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032
Persistence Market Research has recently released a comprehensive report on the global Synthetic Rubber Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.
Key Insights:
- Synthetic Rubber Market Size (2025E): US$ 23,761.1 Mn
- Projected Market Value (2032F): US$ 34,108.6 Mn
- Global Market Growth Rate (CAGR 2025 to 2032): 5.3%
Synthetic Rubber Market - Report Scope:
The synthetic rubber market covers a diverse range of elastomers manufactured through the polymerization of petroleum-based monomers. These rubber materials are extensively used across industries such as automotive, construction, electronics, and healthcare due to their superior durability, heat resistance, and flexibility. Key types include Styrene-Butadiene Rubber (SBR), Polybutadiene Rubber (PBR), and Ethylene Propylene Diene Monomer (EPDM), among others. Rising industrialization, growing automotive production, and increased infrastructure spending are significantly contributing to the global market's growth.
Market Growth Drivers:
The growth of the global synthetic rubber market is primarily driven by escalating demand from the automotive and industrial sectors. The automotive industry, in particular, utilizes synthetic rubber extensively for tire manufacturing, belts, hoses, and gaskets, owing to its enhanced wear resistance and performance under extreme conditions. The expansion of the construction sector and increased use of synthetic rubber in sealants, adhesives, and insulation also support market growth. Moreover, the rising preference for synthetic over natural rubber due to consistent quality, better aging characteristics, and cost efficiency further stimulates market demand. Technological advancements in polymer science and increasing applications in the healthcare and electrical & electronics sectors provide additional momentum.
Market Restraints:
Despite its robust growth prospects, the synthetic rubber market encounters several challenges. The dependency on crude oil derivatives for production makes the market vulnerable to fluctuations in raw material prices, thereby impacting overall profitability. Additionally, environmental concerns related to the disposal and degradation of synthetic rubber products pose significant hurdles. Stringent regulations on emissions and industrial waste management can limit production capacities or increase operational costs. Competition from natural rubber in certain applications where biodegradability and renewability are prioritized also acts as a restraint.
Market Opportunities:
The global synthetic rubber market presents numerous opportunities for innovation and expansion. The ongoing transition toward electric vehicles (EVs) is expected to open new avenues, as these vehicles require specialized rubber components with high-performance standards. Moreover, the development of bio-based synthetic rubbers offers a sustainable alternative that can reduce environmental impact while maintaining product performance. Growing construction activities in emerging markets, coupled with rising consumer demand for durable and lightweight footwear, also offer lucrative prospects. Strategic collaborations with OEMs, investments in R&D, and technological upgrades in manufacturing processes can further enhance market competitiveness.
Key Questions Answered in the Report:
- What are the primary factors driving the global synthetic rubber market's growth?
- Which regions and market segments are experiencing the highest demand for synthetic rubber?
- How are sustainability and new technologies shaping the market's future?
- Who are the leading players in the synthetic rubber market, and what strategies are they implementing?
- What are the emerging trends and forecasts through 2032 for the synthetic rubber industry?
Competitive Intelligence and Business Strategy:
Leading companies in the global synthetic rubber market, such as Trinseo, The Goodyear Tire & Rubber Company, China Petroleum & Chemical Corporation (Sinopec), and LANXESS AG, are focusing on product diversification, sustainability, and geographic expansion. These firms are investing in eco-friendly synthetic rubber alternatives and enhancing their R&D capabilities to develop advanced materials suited for next-generation applications. Strategic alliances, joint ventures, and acquisitions are being leveraged to strengthen market presence and broaden product offerings. Emphasis on improving product performance, supply chain resilience, and customer-specific solutions continues to define competitive strategy in the market.
Companies Covered in This Report:
- Trinseo
- The Goodyear Tire & Rubber Company
- China Petroleum & Chemical Corporation (Sinopec)
- LANXESS AG
- TSRC Corporation
- JSR Corporation
- Kumho Petrochemical Co., Ltd.
- Indian Synthetic Rubber Private Limited
- Apcotex Industries Limited
- Reliance Industries Limited
- Zeon Corporation
- Mitsui Chemicals, Inc.
- Saudi Basic Industries Corporation (SABIC)
- Denka Company Limited
Global Market By Category:
By Type:
- Styrene-Butadiene Rubber (SBR)
- Polybutadiene Rubber (PBR)
- Ethylene Propylene Diene Monomer (EPDM)
- Nitrile Butadiene Rubber (NBR)
- Acrylonitrile Butadiene Styrene (ABS)
- Butyl Rubber (IIR)
- Chloroprene Rubber (CR)
- Isoprene Rubber (IR)
- Others
By End Use:
- Automotive
- Industrial Manufacturing
- Construction
- Electrical & Electronics
- Healthcare
- Footwear
- Aerospace
- Oil & Gas
- Misc.
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Synthetic Rubber Market Snapshot, 2025-2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Product Lifecycle Analysis
- 2.4. Synthetic Rubber Market: Value Chain
- 2.4.1. List of Raw Material Suppliers
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. Profitability Analysis
- 2.5. Forecast Factors - Relevance and Impact
- 2.6. Covid-19 Impact Assessment
- 2.7. PESTLE Analysis
- 2.8. Porter Five Force's Analysis
- 2.9. Geopolitical Tensions: Market Impact
- 2.10. Regulatory and End Use Landscape
3. Macro-Economic Factors
- 3.1. Global Sectorial Outlook
- 3.2. Global GDP Growth Outlook
- 3.3. Global Parent Market Overview
4. Price Trend Analysis, 2019-2032
- 4.1. Key Highlights
- 4.2. Key Factors Impacting Product Prices
- 4.3. Prices By Type/Composition/End Use
- 4.4. Regional Prices and Product Preferences
5. Global Synthetic Rubber Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 5.1. Key Highlights
- 5.1.1. Market Size and Y-o-Y Growth
- 5.1.2. Absolute $ Opportunity
- 5.2. Market Size (US$ Mn) Analysis and Forecast
- 5.2.1. Historical Market Size Analysis, 2019-2024
- 5.2.2. Current Market Size Forecast, 2025-2032
- 5.3. Global Synthetic Rubber Market Outlook: Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Type, 2019-2024
- 5.3.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Type, 2025-2032
- 5.3.3.1. Styrene-Butadiene Rubber (SBR)
- 5.3.3.2. Polybutadiene Rubber (PBR)
- 5.3.3.3. Ethylene Propylene Diene Monomer (EPDM)
- 5.3.3.4. Nitrile Butadiene Rubber (NBR)
- 5.3.3.5. Acrylonitrile Butadiene Styrene (ABS)
- 5.3.3.6. Butyl Rubber (IIR)
- 5.3.3.7. Chloroprene Rubber (CR)
- 5.3.3.8. Isoprene Rubber (IR)
- 5.3.3.9. Others
- 5.4. Market Attractiveness Analysis: Type
- 5.5. Global Synthetic Rubber Market Outlook: End Use
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By End Use, 2019-2024
- 5.5.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By End Use, 2025-2032
- 5.5.3.1. Automotive
- 5.5.3.2. Industrial Manufacturing
- 5.5.3.3. Construction
- 5.5.3.4. Electrical & Electronics
- 5.5.3.5. Healthcare
- 5.5.3.6. Footwear
- 5.5.3.7. Aerospace
- 5.5.3.8. Oil & Gas
- 5.5.3.9. Misc.
- 5.6. Market Attractiveness Analysis: End Use
6. Global Synthetic Rubber Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Region, 2019-2024
- 6.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
7. North America Synthetic Rubber Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2024
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By End Use
- 7.4. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By Country, 2025-2032
- 7.4.1. U.S.
- 7.4.2. Canada
- 7.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Type, 2025-2032
- 7.5.1. Styrene-Butadiene Rubber (SBR)
- 7.5.2. Polybutadiene Rubber (PBR)
- 7.5.3. Ethylene Propylene Diene Monomer (EPDM)
- 7.5.4. Nitrile Butadiene Rubber (NBR)
- 7.5.5. Acrylonitrile Butadiene Styrene (ABS)
- 7.5.6. Butyl Rubber (IIR)
- 7.5.7. Chloroprene Rubber (CR)
- 7.5.8. Isoprene Rubber (IR)
- 7.5.9. Others
- 7.6. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By End Use, 2025-2032
- 7.6.1. Automotive
- 7.6.2. Industrial Manufacturing
- 7.6.3. Construction
- 7.6.4. Electrical & Electronics
- 7.6.5. Healthcare
- 7.6.6. Footwear
- 7.6.7. Aerospace
- 7.6.8. Oil & Gas
- 7.6.9. Misc.
- 7.7. Market Attractiveness Analysis
8. Europe Synthetic Rubber Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2024
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By End Use
- 8.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Country, 2025-2032
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkiye
- 8.4.8. Rest of Europe
- 8.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Type, 2025-2032
- 8.5.1. Styrene-Butadiene Rubber (SBR)
- 8.5.2. Polybutadiene Rubber (PBR)
- 8.5.3. Ethylene Propylene Diene Monomer (EPDM)
- 8.5.4. Nitrile Butadiene Rubber (NBR)
- 8.5.5. Acrylonitrile Butadiene Styrene (ABS)
- 8.5.6. Butyl Rubber (IIR)
- 8.5.7. Chloroprene Rubber (CR)
- 8.5.8. Isoprene Rubber (IR)
- 8.5.9. Others
- 8.6. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By End Use, 2025-2032
- 8.6.1. Automotive
- 8.6.2. Industrial Manufacturing
- 8.6.3. Construction
- 8.6.4. Electrical & Electronics
- 8.6.5. Healthcare
- 8.6.6. Footwear
- 8.6.7. Aerospace
- 8.6.8. Oil & Gas
- 8.6.9. Misc.
- 8.7. Market Attractiveness Analysis
9. East Asia Synthetic Rubber Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2024
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By End Use
- 9.4. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By Country, 2025-2032
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
- 9.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Type, 2025-2032
- 9.5.1. Styrene-Butadiene Rubber (SBR)
- 9.5.2. Polybutadiene Rubber (PBR)
- 9.5.3. Ethylene Propylene Diene Monomer (EPDM)
- 9.5.4. Nitrile Butadiene Rubber (NBR)
- 9.5.5. Acrylonitrile Butadiene Styrene (ABS)
- 9.5.6. Butyl Rubber (IIR)
- 9.5.7. Chloroprene Rubber (CR)
- 9.5.8. Isoprene Rubber (IR)
- 9.5.9. Others
- 9.6. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By End Use, 2025-2032
- 9.6.1. Automotive
- 9.6.2. Industrial Manufacturing
- 9.6.3. Construction
- 9.6.4. Electrical & Electronics
- 9.6.5. Healthcare
- 9.6.6. Footwear
- 9.6.7. Aerospace
- 9.6.8. Oil & Gas
- 9.6.9. Misc.
- 9.7. Market Attractiveness Analysis
10. South Asia & Oceania Synthetic Rubber Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2024
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By End Use
- 10.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Country, 2025-2032
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
- 10.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Type, 2025-2032
- 10.5.1. Styrene-Butadiene Rubber (SBR)
- 10.5.2. Polybutadiene Rubber (PBR)
- 10.5.3. Ethylene Propylene Diene Monomer (EPDM)
- 10.5.4. Nitrile Butadiene Rubber (NBR)
- 10.5.5. Acrylonitrile Butadiene Styrene (ABS)
- 10.5.6. Butyl Rubber (IIR)
- 10.5.7. Chloroprene Rubber (CR)
- 10.5.8. Isoprene Rubber (IR)
- 10.5.9. Others
- 10.6. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By End Use, 2025-2032
- 10.6.1. Automotive
- 10.6.2. Industrial Manufacturing
- 10.6.3. Construction
- 10.6.4. Electrical & Electronics
- 10.6.5. Healthcare
- 10.6.6. Footwear
- 10.6.7. Aerospace
- 10.6.8. Oil & Gas
- 10.6.9. Misc.
- 10.7. Market Attractiveness Analysis
11. Latin America Synthetic Rubber Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2024
- 11.3.1. By Country
- 11.3.2. By Type
- 11.3.3. By End Use
- 11.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Country, 2025-2032
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
- 11.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Type, 2025-2032
- 11.5.1. Styrene-Butadiene Rubber (SBR)
- 11.5.2. Polybutadiene Rubber (PBR)
- 11.5.3. Ethylene Propylene Diene Monomer (EPDM)
- 11.5.4. Nitrile Butadiene Rubber (NBR)
- 11.5.5. Acrylonitrile Butadiene Styrene (ABS)
- 11.5.6. Butyl Rubber (IIR)
- 11.5.7. Chloroprene Rubber (CR)
- 11.5.8. Isoprene Rubber (IR)
- 11.5.9. Others
- 11.6. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By End Use, 2025-2032
- 11.6.1. Automotive
- 11.6.2. Industrial Manufacturing
- 11.6.3. Construction
- 11.6.4. Electrical & Electronics
- 11.6.5. Healthcare
- 11.6.6. Footwear
- 11.6.7. Aerospace
- 11.6.8. Oil & Gas
- 11.6.9. Misc.
- 11.7. Market Attractiveness Analysis
12. Middle East & Africa Synthetic Rubber Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 12.1. Key Highlights
- 12.2. Pricing Analysis
- 12.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2024
- 12.3.1. By Country
- 12.3.2. By Type
- 12.3.3. By End Use
- 12.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Country, 2025-2032
- 12.4.1. GCC
- 12.4.2. South Africa
- 12.4.3. Northern Africa
- 12.4.4. Rest of Middle East & Africa
- 12.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Type, 2025-2032
- 12.5.1. Styrene-Butadiene Rubber (SBR)
- 12.5.2. Polybutadiene Rubber (PBR)
- 12.5.3. Ethylene Propylene Diene Monomer (EPDM)
- 12.5.4. Nitrile Butadiene Rubber (NBR)
- 12.5.5. Acrylonitrile Butadiene Styrene (ABS)
- 12.5.6. Butyl Rubber (IIR)
- 12.5.7. Chloroprene Rubber (CR)
- 12.5.8. Isoprene Rubber (IR)
- 12.5.9. Others
- 12.6. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By End Use, 2025-2032
- 12.6.1. Automotive
- 12.6.2. Industrial Manufacturing
- 12.6.3. Construction
- 12.6.4. Electrical & Electronics
- 12.6.5. Healthcare
- 12.6.6. Footwear
- 12.6.7. Aerospace
- 12.6.8. Oil & Gas
- 12.6.9. Misc.
- 12.7. Market Attractiveness Analysis
13. Competition Landscape
- 13.1. Market Share Analysis, 2025
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.2.3. Apparent Production Capacity
- 13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Trinseo
- 13.3.1.1. Overview
- 13.3.1.2. Segments and Products
- 13.3.1.3. Key Financials
- 13.3.1.4. Market Developments
- 13.3.1.5. Market Strategy
- 13.3.2. The Goodyear Tire & Rubber Company
- 13.3.3. China Petroleum & Chemical Corporation (Sinopec)
- 13.3.4. LANXESS AG
- 13.3.5. TSRC Corporation
- 13.3.6. JSR Corporation
- 13.3.7. Kumho Petrochemical Co., Ltd.
- 13.3.8. Indian Synthetic Rubber Private Limited
- 13.3.9. Apcotex Industries Limited
- 13.3.10. Reliance Industries Limited
- 13.3.11. Zeon Corporation
- 13.3.12. Mitsui Chemicals, Inc.
- 13.3.13. Saudi Basic Industries Corporation (SABIC)
- 13.3.14. Denka Company Limited
- 13.3.1. Trinseo
Note: List of companies is not exhaustive in nature. It is subject to further augmentation during course of research
14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations
