Synthetic Rubber Market Share
Synthetic Rubber Market Research Report Information By Type (Styrene-Butadiene Rubber (SBR), Ethylene Propylene Diene Monomer (EPDM), Butyl Rubber, Polyisoprene, Others) Application (Construction, Automotive & Transportation, Medical, Others) Forecast 2030

Market Summary
As per Market Research Future Analysis, the synthetic rubber market is projected to reach USD 28.87 billion by 2030, growing at a CAGR of 4.77% from a valuation of USD 19.10 billion in 2022. The market is primarily driven by the extensive use of synthetic rubber in tire manufacturing for both passenger and heavy-duty vehicles, particularly in the growing electric vehicle sector. Additionally, the construction industry's increasing reliance on synthetic rubber further propels market growth. However, stringent regulations on rubber production and price volatility of crude oil pose challenges. Opportunities exist in the devulcanization of synthetic rubber, which can enhance recycling efforts and reduce environmental impact.
Key Market Trends & Highlights
The synthetic rubber market is witnessing significant growth driven by automotive and construction applications.
- Market size in 2022: USD 19.10 billion; projected to reach USD 28.87 billion by 2030.
- CAGR during 2022-2030: 4.77%; driven by tire manufacturing and electric vehicle adoption.
- Asia-Pacific accounted for 35.44% market share in 2021; China is the largest producer and consumer.
- North America expected to grow at a CAGR of 5.27% during the forecast period.
Market Size & Forecast
2022 Market Size | USD 19.10 billion |
2030 Market Size | USD 28.87 billion |
CAGR | 4.77% |
Largest Regional Market Share in 2021 | Asia-Pacific. |
Major Players
Key players include LANXESS, Kumho Petrochemical, LG Chem, Sinopec, and The Goodyear Tire & Rubber Company.
Market Trends
The global synthetic rubber market is poised for robust growth, driven by increasing demand from the automotive and construction sectors, which underscores the material's versatility and essential role in modern manufacturing.
U.S. Department of Commerce
Synthetic Rubber Market Market Drivers
Market Trends and Projections
Growth in Construction Activities
The Global Synthetic Rubber Market Industry is significantly influenced by the expansion of construction activities worldwide. Synthetic rubber is utilized in various applications, including roofing membranes, flooring, and sealants, which are essential for modern construction projects. As urbanization continues to rise, particularly in developing regions, the demand for synthetic rubber is expected to increase. This growth is anticipated to contribute to the market's expansion, with projections indicating a rise to 36.4 USD Billion by 2035. The construction sector's increasing reliance on synthetic rubber for its versatility and performance characteristics suggests a promising outlook for the industry.
Rising Demand from Automotive Sector
The automotive sector plays a pivotal role in driving the Global Synthetic Rubber Market Industry. With the increasing production of vehicles, the demand for synthetic rubber, particularly in tires and seals, is expected to surge. In 2024, the market is projected to reach 21.1 USD Billion, reflecting the industry's reliance on synthetic rubber for enhanced performance and durability. As electric vehicles gain traction, the need for high-performance materials is likely to escalate, further propelling market growth. This trend indicates a robust future for synthetic rubber, especially as the automotive industry aims for sustainability and efficiency.
Increasing Application in Consumer Goods
The Global Synthetic Rubber Market Industry is witnessing a surge in demand due to its increasing application in consumer goods. Products such as footwear, adhesives, and sporting goods utilize synthetic rubber for its durability and flexibility. As consumer preferences shift towards high-quality and long-lasting products, manufacturers are likely to increase their use of synthetic rubber in production. This trend is expected to bolster the market, contributing to its growth trajectory. The versatility of synthetic rubber in various consumer applications indicates a sustained demand, further solidifying its position in the global market.
Technological Advancements in Production
Technological advancements in the production of synthetic rubber are likely to enhance the efficiency and sustainability of the Global Synthetic Rubber Market Industry. Innovations such as the development of bio-based synthetic rubber and improved polymerization processes are expected to reduce environmental impact while increasing production capacity. These advancements may lead to cost reductions and improved product quality, making synthetic rubber more appealing to manufacturers across various sectors. As the industry evolves, the integration of advanced technologies could potentially drive market growth, aligning with the projected CAGR of 5.1% from 2025 to 2035.
Environmental Regulations and Sustainability Initiatives
The Global Synthetic Rubber Market Industry is increasingly shaped by environmental regulations and sustainability initiatives. Governments worldwide are implementing stricter regulations on materials used in manufacturing, prompting companies to seek eco-friendly alternatives. Synthetic rubber, particularly bio-based variants, is gaining traction as a sustainable option. The industry's shift towards greener practices is likely to attract investment and innovation, fostering growth. As sustainability becomes a priority for consumers and manufacturers alike, the demand for environmentally friendly synthetic rubber solutions is expected to rise, positively impacting the market.
Market Segment Insights
Regional Insights
Key Companies in the Synthetic Rubber Market market include






Industry Developments
Future Outlook
Synthetic Rubber Market Future Outlook
The Global Synthetic Rubber Market is projected to grow at 5.1% CAGR from 2024 to 2035, driven by increasing automotive production, rising demand for eco-friendly materials, and advancements in manufacturing technologies.
New opportunities lie in:
- Invest in bio-based synthetic rubber production to meet sustainability demands.
- Develop high-performance synthetic rubber for electric vehicle applications.
- Leverage advanced analytics for supply chain optimization and cost reduction.
By 2035, the market is expected to exhibit robust growth, reflecting evolving consumer preferences and technological advancements.
Market Segmentation
Report Overview:
- Construction Companies
- Automotive Companies
- Transportation Companies
- Medical Companies
- Research Institutes
- Academic Institutes
- Government Organizations
- To get a comprehensive overview of the global synthetic rubber market
- To get wide-ranging information about the key factors driving the market and market opportunities
- To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments
- To gain insights into the key country/region in which the market is growing
Synthetic Rubber Market Segmentation
- Styrene-Butadiene Rubber (SBR)
- Ethylene Propylene Diene Monomer (EPDM)
- Polyisoprene
- Others
- Construction
- Automotive & Transportation
- Medical
- Others
- Kumho Petrochemical acquired a 50% share of Kumho Polychem shares by its joint venture partner, JSR Corporation. This will enhance the company's expertise and competitiveness in the synthetic rubber industry.
- PJSC Nizhnekamskneftekhim launched new products that include solution styrene-butadiene synthetic rubber (SSBR) and styrene-butadiene-styrene thermoplastic elastomers (TPE SBS).
- Trinseo announced the sale of synthetic rubber business based in Schkopau, Germany, to Synthos S.A. for USD 491 Million.
- PJSC Nizhnekamskneftekhim started scaling up the production of polybutadiene SKD-777. In 2018, it had started the batch method for polybutadiene SKD-777.
- SIBUR and TAIF have initiated to combine their petrochemical businesses. This merger will make the company's petrochemical operations more competitive in the global market, improve resilience to market fluctuations, and unlock further growth potential.
Report Scope
Attribute/Metric | Details |
Market Size | 2030: USD 25.87 Billion |
CAGR | 4.77% CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019 & 2020 |
Forecast Units | Value (USD Million) & Volume (Kilotons) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, and Application |
Geographies Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa |
Key Vendors | 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). |
Key Market Opportunities | • Devulcanization Of Synthetic Rubber • Use Of End-Of-Life Tires For Storable Energy Carriers And Tire-Derived Fuel |
Key Market Drivers | • Increasing Use Of Synthetic Rubber In Tire Manufacturing • Use Of Synthetic Rubber For Construction Purposes |
Market Highlights
Author
Latest Comments
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FAQs
What growth rate global synthetic rubber market would register in the future?
The global synthetic rubber market would register a growth of 4.77%.
Which industry will play a crucial role in taking the synthetic rubber market ahead??
The automotive & transportation industry will play a prominent role in taking the market forward.
What is the key restraining factor for the global synthetic rubber market?
Increasing environmental concerns and stringent regulations imposed by the government surrounding usage of synthetic rubber.
Which region would enjoy the upper hand in the synthetic rubber market?
Asia-Pacific would enjoy the upper hand in the synthetic rubber market, and it is poised to grow at a rapid rate.
Which Asia-Pacific country would set the trend in the synthetic rubber market?
China is poised to set the trend for demand growth in the synthetic rubber market.
What is the major regional market for synthetic rubber?
Asia Pacific is the leading regional market for synthetic rubber due to the growing automotive industry in the region.
What are the leading players in the global synthetic rubber market?
Leading players in the synthetic rubber market include ZEON Corporation, Lanxess, LG Chem, Dow, Asahi Kasei Corporation, and JSR Corporation.
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'TABLE OF CONTENTS
- MARKET ATTRACTIVENESS ANALYSIS
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GLOBAL SYNTHETIC RUBBER MARKET, BY TYPE
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GLOBAL SYNTHETIC RUBBER MARKET, BY APPLICATION
- GLOBAL
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GLOBAL SYNTHETIC RUBBER MARKET, BY APPLICATION
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SYNTHETIC RUBBER MARKET, BY REGION
- DEFINITION
- SCOPE OF THE STUDY
- MARKET STRUCTURE
- RESEARCH PROCESS
- PRIMARY RESEARCH
- SECONDARY RESEARCH
- MARKET SIZE ESTIMATION
- TOP-DOWN AND BOTTOM-UP APPROACHES
- FORECAST MODEL
- LIST OF ASSUMPTIONS & LIMITATIONS
- INTRODUCTION
- DRIVERS
-
INCREASING USE OF SYNTHETIC RUBBER IN TIRE MANUFACTURING
- USE OF SYNTHETIC RUBBER FOR CONSTRUCTION PURPOSES
-
RESTRAINTS
- STRINGENT
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REGULATIONS AND ADVERSE EFFECTS ASSOCIATED WITH RUBBER PROCESSING
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OPPORTUNITIES
- DEVULCANIZATION
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OPPORTUNITIES
-
OF SYNTHETIC RUBBER
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USE OF END-OF-LIFE TIRES FOR STORABLE ENERGY CARRIERS AND TIRE-DERIVED FUEL
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CHALLENGES
- VOLATILE RAW MATERIAL PRICES
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CHALLENGES
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MARKET FACTOR ANALYSIS
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SUPPLY CHAIN ANALYSIS
- RAW MATERIAL SUPPLIERS
- SYNTHETIC RUBBER PRODUCERS
- DISTRIBUTION
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SUPPLY CHAIN ANALYSIS
-
& SALES CHANNELS
- APPLICATIONS
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PORTER’S FIVE FORCES ANALYSIS
- THREAT OF NEW ENTRANTS
- BARGAINING
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POWER OF SUPPLIERS
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THREAT OF SUBSTITUTES
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BARGAINING POWER OF BUYERS
- INTENSITY OF RIVALRY
- PRICING OVERVIEW
- IMPACT OF COVID
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BARGAINING POWER OF BUYERS
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OUTBREAK ON GLOBAL SYNTHETIC RUBBER MARKET
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IMPACT ON GLOBAL ECONOMY
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IMPACT ON SUUPLY CHAIN OF SYNTHETIC RUBBER MARKET
- QUALITATIVE ANALYSIS
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IMPACT ON SUUPLY CHAIN OF SYNTHETIC RUBBER MARKET
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ON CHANGES IN DEMAND FROM END USERS
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OVERVIEW
- GLOBAL SYNTHETIC RUBBER
-
OVERVIEW
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MARKET ESTIMATES & FORECAST BY TYPE, 2019 TO 2030
- GLOBAL SYNTHETIC RUBBER MARKET ESTIMATES
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FORECAST BY TYPE, 2019 TO 2030
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STYRENE-BUTADIENE RUBBER (SBR)
- STYRENE-BUTADIENE RUBBER (SBR) MARKET ESTIMATES
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STYRENE-BUTADIENE RUBBER (SBR)
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& FORECAST BY REGION,2019 TO 2030
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ETHYLENE PROPYLENE DIENE MONOMER (EPDM)
- ETHYLENE PROPYLENE
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ETHYLENE PROPYLENE DIENE MONOMER (EPDM)
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DIENE MONOMER (EPDM) MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030
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BUTYL RUBBER
- BUTYL RUBBER MARKET
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BUTYL RUBBER
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ESTIMATES & FORECAST BY REGION,2019 TO 2030
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POLYISOPRENE
- POLYISOPRENE MARKET ESTIMATES & FORECAST
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POLYISOPRENE
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BY REGION,2019 TO 2030
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OTHERS
- OTHERS MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030
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OTHERS
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SYNTHETIC RUBBER MARKET, BY APPLICATION
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OVERVIEW
- GLOBAL SYNTHETIC RUBBER MARKET ESTIMATES
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OVERVIEW
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FORECAST BY APPLICATION, 2019 TO 2030
- GLOBAL SYNTHETIC RUBBER MARKET ESTIMATES & FORECAST
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BY APPLICATION, 2019 TO 2030
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CONSTRUCTION
- CONSTRUCTION: MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030
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CONSTRUCTION
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AUTOMOTIVE & TRANSPORTATION
- AUTOMOTIVE & TRANSPORTATION MARKET ESTIMATES
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FORECAST BY REGION, 2019 TO 2030
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MEDICAL
- MEDICAL: MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030
- OTHERS
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MEDICAL
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OTHERS: MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030
- OVERVIEW
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NORTH AMERICA
- US
- CANADA
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EUROPE
- GERMANY
- UK
- FRANCE
- SPAIN
- ITALY
- RUSSIA
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REST OF EUROPE
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ASIA-PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
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ASIA-PACIFIC
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AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
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LATIN AMERICA
- BRAZIL
- MEXICO
- ARGENTINA
- REST OF LATIN AMERICA
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MIDDLE EAST & AFRICA
- GCC COUNTRIES
- TURKEY
- SOUTH AFRICA
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REST OF THE MIDDLE EAST & AFRICA
- MARKET INTRODUCTION
- GLOBAL MARKET STRATEGY ANALYSIS
- RECENT DEVELOPMENTS
- COMPETITIVE BENCHMARKING
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LANXESS
- COMPANY OVERVIEW
- FINANCIAL OVERVIEW
- PRODUCTS OFFERED
- KEY DEVELOPMENTS
- SWOT ANALYSIS
- KEY STRATEGIES
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KUMHO PETROCHEMICAL CO., LTD
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COMPANY OVERVIEW
- FINANCIAL OVERVIEW
- PRODUCTS OFFERED
- KEY DEVELOPMENTS
- SWOT ANALYSIS
- KEY STRATEGIES
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LG CHEM LTD
- COMPANY OVERVIEW
- FINANCIAL OVERVIEW
- PRODUCTS OFFERED
- KEY DEVELOPMENTS
- SWOT ANALYSIS
- KEY STRATEGIES
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SINOPEC
- COMPANY OVERVIEW
- FINANCIAL OVERVIEW
- PRODUCTS OFFERED
- KEY DEVELOPMENTS
- SWOT ANALYSIS
- KEY STRATEGIES
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VERSALIS SPA.
- COMPANY OVERVIEW
- FINANCIAL OVERVIEW
- PRODUCTS OFFERED
- KEY DEVELOPMENTS
- SWOT ANALYSIS
- KEY STRATEGIES
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TSRC CORPORATION
- COMPANY OVERVIEW
- FINANCIAL OVERVIEW
- PRODUCTS OFFERED
- KEY DEVELOPMENTS
- SWOT ANALYSIS
- KEY STRATEGIES
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ZEON CORPORATION
- COMPANY OVERVIEW
- FINANCIAL OVERVIEW
- PRODUCTS OFFERED
- KEY DEVELOPMENTS
- SWOT ANALYSIS
- KEY STRATEGIES
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GROUP DYNASOL
- COMPANY OVERVIEW
- FINANCIAL OVERVIEW
- PRODUCTS OFFERED
- KEY DEVELOPMENTS
- SWOT ANALYSIS
- KEY STRATEGIES
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KRATON CORPORATION
- COMPANY OVERVIEW
- FINANCIAL OVERVIEW
- PRODUCTS OFFERED
- KEY DEVELOPMENTS
- SWOT ANALYSIS
- KEY STRATEGIES
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JSR CORPORATION
- COMPANY OVERVIEW
- FINANCIAL OVERVIEW
- PRODUCTS OFFERED
- KEY DEVELOPMENTS
- SWOT ANALYSIS
- KEY STRATEGIES
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PJSC NIZHNEKAMSKNEFTEKHIM
- COMPANY OVERVIEW
- FINANCIAL OVERVIEW
- PRODUCTS OFFERED
- KEY DEVELOPMENTS
- SWOT ANALYSIS
- KEY STRATEGIES
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SIBUR
- COMPANY OVERVIEW
- FINANCIAL OVERVIEW
- PRODUCTS OFFERED 166
- KEY DEVELOPMENTS 166
- SWOT ANALYSIS 167
- KEY STRATEGIES 167
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COMPANY OVERVIEW
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THE GOODYEAR TIRE & RUBBER COMPANY 168
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COMPANY OVERVIEW 168
- FINANCIAL OVERVIEW 169
- PRODUCTS OFFERED 170
- KEY DEVELOPMENTS
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COMPANY OVERVIEW 168
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170
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SWOT ANALYSIS 171
- KEY STRATEGIES 171
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TRINSEO 172
- COMPANY OVERVIEW 172
- FINANCIAL OVERVIEW 173
- PRODUCTS OFFERED 173
- KEY DEVELOPMENTS 174
- SWOT ANALYSIS 174
- KEY STRATEGIES 174
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PETROCHINA 175
- COMPANY OVERVIEW 175
- FINANCIAL OVERVIEW 176
- PRODUCTS OFFERED 176
- KEY DEVELOPMENTS 177
- SWOT ANALYSIS 177
- KEY STRATEGIES 177
- REFERENCES 178
- RELATED REPORTS 179
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SWOT ANALYSIS 171
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& LIMITATIONS
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& FORECAST, BY TYPE, 2019 TO 2030 (USD MILLION)
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& FORECAST, BY TYPE, 2019 TO 2030 (KILO TONS)
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& FORECAST, BY REGION, 2019 TO 2030 (USD MILLION)
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& FORECAST, BY REGION, 2019 TO 2030 (KILO TONS)
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ESTIMATES & FORECAST, BY REGION, 2019 TO 2030 (USD MILLION)
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MONOMER (EPDM) MARKET ESTIMATES & FORECAST, BY REGION, 2019 TO 2030 (KILO TONS)
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BUTYL RUBBER MARKET ESTIMATES & FORECAST, BY REGION, 2019 TO 2030 (USD MILLION)
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BUTYL RUBBER MARKET ESTIMATES & FORECAST, BY REGION, 2019 TO 2030 (KILO TONS)
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POLYISOPRENE MARKET ESTIMATES & FORECAST, BY REGION, 2019 TO 2030 (USD MILLION)
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POLYISOPRENE MARKET ESTIMATES & FORECAST, BY REGION, 2019 TO 2030 (KILO TONS)
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OTHERS MARKET ESTIMATES & FORECAST, BY REGION, 2019 TO 2030 (USD MILLION)
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ESTIMATES & FORECAST, BY REGION, 2019 TO 2030 (KILO TONS)
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MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019 TO 2030 (USD MILLION)
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RUBBER MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019 TO 2030 (KILO TONS)
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CONSTRUCTION MARKET ESTIMATES & FORECAST, BY REGION, 2019 TO 2030 (USD MILLION)
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CONSTRUCTION MARKET ESTIMATES & FORECAST, BY REGION, 2019 TO 2030 (KILO TONS)
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AUTOMOTIVE & TRANSPORTATION MARKET ESTIMATES & FORECAST, BY REGION, 2019 TO 2030 (USD MILLION)
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BY REGION, 2019 TO 2030 (KILO TONS)
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2019 TO 2030 (USD MILLION)
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2030 (KILO TONS)
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OTHERS MARKET ESTIMATES & FORECAST, BY REGION, 2019 TO 2030 (KILO TONS)
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RUBBER MARKET, BY REGION, 2019 TO 2030 (USD MILLION)
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2019 TO 2030 (KILO TONS)
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2019 TO 2030 (USD MILLION)
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2019 TO 2030 (KILO TONS)
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TO 2030 (USD MILLION)
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TO 2030 (KILO TONS)
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RUBBER MARKET, BY TYPE, 2019 TO 2030 (KILO TONS)
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2019 TO 2030 (USD MILLION)
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2030 (KILO TONS)
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SYNTHETIC RUBBER MARKET, BY TYPE, 2019 TO 2030 (KILO TONS)
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RUBBER MARKET, BY APPLICATION, 2019 TO 2030 (USD MILLION)
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BY APPLICATION, 2019 TO 2030 (KILO TONS)
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BY COUNTRY, 2019 TO 2030 (USD MILLION)
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BY COUNTRY, 2019 TO 2030 (KILO TONS)
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2019 TO 2030 (USD MILLION)
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(KILO TONS)
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EUROPE: GLOBAL SYNTHETIC RUBBER MARKET, BY APPLICATION, 2019 TO 2030 (KILO TONS)
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GERMANY: GLOBAL SYNTHETIC RUBBER MARKET, BY TYPE, 2019 TO 2030 (USD MILLION)
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SYNTHETIC RUBBER MARKET, BY TYPE, 2019 TO 2030 (KILO TONS)
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RUBBER MARKET, BY APPLICATION, 2019 TO 2030 (USD MILLION)
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BY APPLICATION, 2019 TO 2030 (KILO TONS)
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2019 TO 2030 (USD MILLION)
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(KILO TONS)
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UK: GLOBAL SYNTHETIC RUBBER MARKET, BY APPLICATION, 2019 TO 2030 (KILO TONS)
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SYNTHETIC RUBBER MARKET, BY TYPE, 2019 TO 2030 (USD MILLION)
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RUBBER MARKET, BY TYPE, 2019 TO 2030 (KILO TONS)
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BY APPLICATION, 2019 TO 2030 (USD MILLION)
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BY APPLICATION, 2019 TO 2030 (KILO TONS)
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TYPE, 2019 TO 2030 (USD MILLION)
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2019 TO 2030 (KILO TONS)
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TO 2030 (USD MILLION)
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TO 2030 (KILO TONS)
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SYNTHETIC RUBBER MARKET, BY TYPE, 2019 TO 2030 (KILO TONS)
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RUBBER MARKET, BY APPLICATION, 2019 TO 2030 (USD MILLION)
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APPLICATION, 2019 TO 2030 (KILO TONS)
Synthetic Rubber Market Segmentation
Market Segmentation Overview
- Detailed segmentation data will be available in the full report
- Comprehensive analysis by multiple parameters
- Regional and country-level breakdowns
- Market size forecasts by segment

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