The global market for Synthetic Rubber is estimated at US$19.2 Billion in 2023 and is projected to reach US$24.6 Billion by 2030, growing at a CAGR of 3.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the synthetic rubber market is driven by several factors that underscore its critical role in modern industries. Technological advancements in polymer science have enhanced the performance characteristics of synthetic rubbers, making them more versatile and durable. The automotive industry's continuous expansion, particularly in emerging markets, is a major driver, as demand for high-performance tires and automotive components rises. Additionally, the growing infrastructure and construction activities globally are spurring demand for synthetic rubber used in building materials and industrial products. Consumer behavior trends, such as the preference for durable and high-quality goods, are also contributing to increased demand.
Innovations in medical technology are driving the use of synthetic rubber in healthcare applications, including gloves and medical devices. Furthermore, the development of sustainable synthetic rubbers is generating new market opportunities as industries seek environmentally friendly alternatives. These factors collectively highlight the dynamic growth trajectory of the synthetic rubber market, fueled by technological, industrial, and consumer-driven trends.
The growth in the synthetic rubber market is driven by several factors that underscore its critical role in modern industries. Technological advancements in polymer science have enhanced the performance characteristics of synthetic rubbers, making them more versatile and durable. The automotive industry's continuous expansion, particularly in emerging markets, is a major driver, as demand for high-performance tires and automotive components rises. Additionally, the growing infrastructure and construction activities globally are spurring demand for synthetic rubber used in building materials and industrial products. Consumer behavior trends, such as the preference for durable and high-quality goods, are also contributing to increased demand.
Innovations in medical technology are driving the use of synthetic rubber in healthcare applications, including gloves and medical devices. Furthermore, the development of sustainable synthetic rubbers is generating new market opportunities as industries seek environmentally friendly alternatives. These factors collectively highlight the dynamic growth trajectory of the synthetic rubber market, fueled by technological, industrial, and consumer-driven trends.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Styrene-Butadiene Rubber segment, which is expected to reach US$8.8 Billion by 2030 with a CAGR of a 3.4%. The Polybutadiene Rubber segment is also set to grow at 3.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $5.2 Billion in 2023, and China, forecasted to grow at an impressive 6.0% CAGR to reach $5.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Synthetic Rubber Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Synthetic Rubber Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Synthetic Rubber Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ARLANXEO, Asahi Kasei Chemicals Corp., Chongqing Changshou Chemical Co. Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 52 Featured):
- ARLANXEO
- Asahi Kasei Chemicals Corp.
- Chongqing Changshou Chemical Co. Ltd.
- Denka Co. Ltd.
- Dow Inc.
- Dynasol Elastomers
- ExxonMobil Chemical Company
- Firestone Polymers LLC
- Goodyear Tire & Rubber Company
- JSR Corporation
- Korea Kumho Petrochemical Company
- Lanxess AG
- LG Chem Ltd.
- Lion Elastomers
- Shanxi Synthetic Rubber Group Co. Ltd.
- Showa Denko K.K
- SIBUR Holding JSC
- SINOPEC Qilu Petrochemical Co. Ltd.
- Sumitomo Chemical Co., Ltd.
- Synthos S.A.
- Tosoh Corporation
- TSRC Corporation
- UBE Industries Ltd.
- Versalis S.p.A.
- Zeon Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- ARLANXEO
- Asahi Kasei Chemicals Corp.
- Chongqing Changshou Chemical Co. Ltd.
- Denka Co. Ltd.
- Dow Inc.
- Dynasol Elastomers
- ExxonMobil Chemical Company
- Firestone Polymers LLC
- Goodyear Tire & Rubber Company
- JSR Corporation
- Korea Kumho Petrochemical Company
- Lanxess AG
- LG Chem Ltd.
- Lion Elastomers
- Shanxi Synthetic Rubber Group Co. Ltd.
- Showa Denko K.K
- SIBUR Holding JSC
- SINOPEC Qilu Petrochemical Co. Ltd.
- Sumitomo Chemical Co., Ltd.
- Synthos S.A.
- Tosoh Corporation
- TSRC Corporation
- UBE Industries Ltd.
- Versalis S.p.A.
- Zeon Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 278 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 19.2 Billion |
| Forecasted Market Value ( USD | $ 24.6 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
