Synthetic Rubber and Fibers Market Report 2025

This Synthetic Rubber and Fibers market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The synthetic rubber and fibers market size has grown strongly in recent years. It will grow from $341 billion in 2024 to $370.94 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to automotive industry growth, consumer goods manufacturing, infrastructure development, industrialization, the demand for synthetic rubber in applications such as roofing and seals, industrialization.

The synthetic rubber and fibers market size is expected to see strong growth in the next few years. It will grow to $498.17 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to sustainable materials, advanced manufacturing, the growing adoption of electric vehicles (evs), circular economy, health and wellness trends`. Major trends in the forecast period include high-performance tire materials, smart and functional textiles, biodegradable polymers, non-pneumatic tires, customized and specialty polymers.

Technology is expected to play a crucial role in driving market growth during this period. Industries closely linked to technology, including this one, have benefited from this trend. Notably, advancements in technologies like Green Tires, which can impact 20-30% of a vehicle's fuel consumption related to tire performance, gained traction. Green tires offer advantages such as wet grip, durability, and low rolling resistance, resulting in a 5-7% reduction in fuel consumption. Consequently, technological innovations that enhance performance and reduce fuel consumption have made significant contributions to market growth.

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.

In light of declining crude oil prices, many manufacturers have shifted towards using synthetic rubber instead of natural rubber due to its cost-effectiveness. Synthetic rubber prices experienced a 15% drop in Europe and a 5% decrease in the USA during the second quarter compared to the previous year. Synthetic rubber supply remained stable and proved more affordable than natural rubber during the study period. Reports indicate that European manufacturers currently utilize a combination of 60% synthetic rubber and 40% natural rubber for producing rubber-related products. As an example, the global synthetic rubber market is projected to reach 21.2 million metric tons by 2024, according to a Rubber World report.

Leading companies in the synthetic rubber and fiber market are placing a strong emphasis on developing innovative solutions, such as sustainable synthetic rubber materials, to gain a competitive advantage. Sustainable synthetic rubber materials represent environmentally responsible and resource-efficient alternatives to traditional synthetic rubbers, designed to minimize their environmental footprint. As an illustration, in November 2022, Asahi Kasei Corporation, a Japanese manufacturer specializing in plastics and synthetic rubber, introduced ISCC Plus-certified Tufdene-branded solution-polymerized styrene-butadiene rubber (SSBR) and Asadene butadiene rubber. These materials are produced from feedstock derived from biomass, plastic waste, and other raw materials, providing manufacturers with opportunities to reduce CO2 emissions without compromising on quality.

Major companies operating in the synthetic rubber and fibers market include Sinopec Limited, Mitsubishi Chemical Holdings Corp, ExxonMobil, Lotte Chemical Corp, Odebrecht Engenharia E Construcao Sa, Teijin Ltd., Asahi Kasei Corporation, SK Innovation Co, GS caltex corporation, Lenzing AG, Kumho Petrochemical, LANXESS, Lucky Goldstar Chemical Limited, Dow, JSR Corporation, Reliance Industries Limited, Sabic, Versalis S.p.A., Trinseo, Zeon Corporation, Nizhnekamskneftekhim, The Goodyear Tire and Rubber Company, Mitsui Chemical Inc., Denka Company Ltd., Sumitomo Chemical Co., Ltd., Formosa Plastics Corporation, China National Chemical Corporation, AdvanSource Biomaterials Corporation, Alpek S.A.B. de C.V., Arkema S.A., Birla Carbon, Cabot Corporation, China Petrochemical Corporation (Sinopec Group), Covestro LLC.

Synthetic rubber is a man-made elastomer derived from petrochemicals, designed to replicate the properties of natural rubber while offering improved durability and resistance to weather. This makes it particularly suitable for a wide range of applications, such as in tires and industrial sectors. Similarly, synthetic fibers, created through chemical processes using petroleum, are prized for their strength and versatility. These fibers are widely used in textiles and industrial industries, offering advantages over natural fibers.

The primary categories of synthetic rubber and fibers include synthetic fibers, styrene-butadiene rubber (SBR), polybutadiene (BR), ethylene propylene (EPDM), and various other types of synthetic rubber and fibers. Synthetic fibers comprise man-made textile fibers, including those derived from natural materials (such as rayon and acetate made from cellulose or regenerated protein fibers from zein or casein) and fully synthetic fibers (such as nylon or acrylic fibers). These materials find applications in diverse industries, including non-tire automotive, footwear, tire manufacturing, construction, and various other uses. These products are distributed through both offline and online channels.

The synthetic rubber and fibers market research report is one of a series of new reports that provides synthetic rubber and fibers market statistics, including synthetic rubber and fibers industry global market size, regional shares, competitors with a synthetic rubber and fibers market share, detailed synthetic rubber and fibers market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic rubber and fibers industry. This synthetic rubber and fibers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Asia-Pacific was the largest region in the synthetic rubber and fibers market in 2024. 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, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the synthetic rubber and fibers market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, 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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