Top Industry Leaders in the Synthetic Rubber Market
Synthetic Rubber Market
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June 2023- Arlanxeo established a synthetic rubber plant in Saudi Arabia. Following the last funding choice by Aramco and TotalEnergies to build a joint venture petrochemical facility in Jubail, Saudi Arabia, Arlanxeo announced it would set up a 140 ktpa plant nearby to produce Ultra High cis Polybutadiene (NdBR) for tire treads as well as Lithium Butadiene Rubber (LiBR) for use in plastics. Construction is scheduled to start next year, and Arlanxeo expects commercial operations to commence in 2027. The latest disclosure supports the last funding decision last December by Total Energies and Aramco on the complex, which will make a mixed feed cracker generating nearly 1.65 million t/y of ethylene, a butadiene extraction plant, two PE units, and other linked derivative facilities. The senior vice president of chemicals at Aramco and chairman of Arlanxeo's shareholders' committee said that the planned rubber facility underlines Arlanxeo's push to develop in a competitive market. They further added that through the matchless brilliance of Arlanxeo's in engineering, manufacturing, and promoting high-performance synthetic rubbers, the planned reasoning for the plan is clear and compelling. Arlanxeo anticipates endowing engineering, procurement, and construction deals in the second half of 2023, with construction planned to begin in 2024 and commercial operation due in 2027. The synthetic rubber manufacturer has been a completely professed subsidiary of Aramco since the Middle East oil giant developed the 50% share held by Lanxess at the end of 2018.
Some of the key players operating in the global synthetic rubber are LANXESS (Germany), Kumho Petrochemical Co., Ltd (South Korea), LG Chem Ltd (South Korea), Sinopec (China), Versalis S.p.A. (Italy), TSRC Corporation (Taiwan), ZEON CORPORATION (Saudi Arabia), Group Dynasol (Europe), Kraton Corporation (US), JSR Corporation (Japan), PJSC Nizhnekamskneftekhim (Russia), SIBUR (Russia), The Goodyear Tire & Rubber Company (US), Trinseo (US), and PetroChina (China).