Synthetic rubber is an artificial rubber and is obtained by raw materials like butadiene, chloroprene, isoprene, acrylonitrile, isobutylene, styrene, ethylene, and propylene. Synthetic rubber is a type of elastic polymer primarily derived from petroleum byproducts. Automobile products are an enormous market and are the main crux in driving market development regularly. The synthetic rubber market is determined primarily by the automobile industry for utilization in tire and non-tire applications. The properties underlying the product score are its resilience, toughness, and elasticity, making the product a central piece in the manufacture of tires for the automobile industry. Aircraft, automotive, and bicycles account for more than half of total rubber intake. The Synthetic Rubber Market is predicted to grow at the rate of 5.83% CAGR by 2026.

Research Methodology:

The Synthetic rubber Market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology and a unique balance of primary insights. The real-time valuation of the market is an integral part of our forecasting and market sizing methodology. Industry experts and our primary participants have helped to compile related aspects with accurate parametric estimations for a complete study. The primary participants share is given below:

Synthetic Rubber Market by Application

• Tire
• Non-tire automotive
• Footwear
• Industrial

Synthetic Rubber Market by Type

• Styrene-Butadiene Rubber
• Ethylene Propylenediene Rubber
• Polyisoprene
• Polybutadiene Rubber
• Others

Others Synthetic Rubber Market by Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

In the synthetic rubber market for application, the market is divided into the tire, non-tire automotive, footwear, and industrial. The tire segment is accounted for the highest application segment in the synthetic rubber market. Synthetic rubber provides many outstanding features to tires, such as safety, control, grip, and comfort. It also provides various other features, such as directional stability, spinning resistance, wet traction, resistance to puncture, steering response, fast and run-flat ability, high fuel optimization, and climate resistance to operate in harsh conditions. The rising demand for tires providing smoother and quiet rides has enhanced tire manufacturers to use excellent materials, such as synthetic rubber and silane. Also, synthetic tires are vastly used in military vehicles and heavy-duty vehicles.

The types of synthetic rubber include Styrene Butadiene Rubber, Ethylene Propylenediene Rubber, Polyisoprene, Polybutadiene Rubber, and Others. The styrene-butadiene rubber is the most commonly used type of synthetic rubber and is used in huge volumes in automobile and truck tires, owing to its abrasion-resistant feature. Styrene-butadiene rubber is made in latex form and is used as rubber glue in carpet manufacturing. Few other applications of SBR are conveyor belts, roll coverings, and car tires, haul-off pads, shoe soles and heels, and other molded rubber goods.

In terms of geography, the Asia Pacific segment is expected to hold the maximum share in the market. The maximum share of this segment is credited to developed textile and manufacturing industries in this region and the increasing demand for synthetic rubber in countries such as China and India. Moreover, the drastic industrialization and rising automotive & footwear industry in China are also contributing to the growth of the market.

The major driver for market growth is increasing demand worldwide from the automotive industry, especially from tires. Compared to buses and trucks radial tires, synthetic rubber is high in passenger car radials for fast and performance. Styrene-butadiene (SBR) and polybutadiene are the primary forms of SR utilized by the rubber industry. Rising sales of passenger cars in the past few years have resulted in increased use of synthetic rubber in the tire industry worldwide. Additional, synthetic rubber application in printing on textiles is a great deal known as rubber paste.

Few major vendors of the synthetic rubber market are DuPont, Mitsubishi Chemical Corporation, INEOS, Chevron Phillips Chemical Company, Eastman Chemical Company, ExxonMobil Corporation, Nova Chemicals Corporation, SABIC, Sinopec, and Goodyear.

Increasing awareness about the safety provided by synthetic rubber in the application of tires is gaining traction in the market. Furthermore, the increasing demand for its high-performance in various industries and emerging eco-friendly tires provides enormous opportunities.

• This study explains the restraints, opportunities, advanced product launches of the synthetic rubber market.
• This research also depicts the geographical and country-level analysis, which includes the demand and supply forces and their impact on the market.
• This study also describes the competitive outlook, which includes the contribution of major vendors and their strategies.
• This report further provides information about all the included company’s profiles offering products, financial information, novel developments, and SWOT analysis.

1. Executive Summary
2. Industry Outlook
   1. Industry Overview
   2. Industry Trends
3. Market Snapshot
   1. Market Definition
   2. Market Outlook
      1. Porter Five Forces
   3. Related Markets
4. Market characteristics
   1. Market Overview
   2. Market Segmentation
   3. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
   4. DRO - Impact Analysis
5. Type: Market Size & Analysis
   1. Overview
   2. Styrene-Butadiene Rubber
   3. Ethylene Propylenediene Rubber
   4. Polyisoprene
   5. Polybutadiene Rubber
   6. Others
6. Application: Market Size & Analysis
   1. Overview
   2. Tire
   3. Non-tire automotive
   4. Footwear
   5. Industrial
7. Geography: Market Size & Analysis
   1. Overview
   2. North America
   3. Europe
   4. Asia Pacific
   5. Rest of the World
8. Competitive Landscape
   1. Competitor Comparison Analysis
   2. Market Developments
      1. Mergers and Acquisitions, Legal, Awards, Partnerships
      2. Product Launches and execution
9. Vendor Profiles
   1. DuPont
      1. Overview
      2. Financial Overview
      3. Product End Users
      4. Developments
      5. Business Strategy
   2. Mitsubishi Chemical Corporation
      1. Overview
      2. Financial Overview
      3. Product End Users
      4. Developments
      5. Business Strategy
   3. INEOS
      1. Overview
      2. Financial Overview
      3. Product End Users
      4. Developments
      5. Business Strategy
   4. Chevron Phillips Chemical Company
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   5. Eastman Chemical Company
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   6. ExxonMobil Corporation
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   7. Nova Chemicals Corporation
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   8. SABIC
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   9. Sinopec
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
   10. Goodyear    
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
10. Analyst Opinion
11. Annexure
    1. Report Scope
    2. Market Definitions
    3. Research Methodology
       1. Data Collation and In-house Estimation
       2. Market Triangulation
       3. Forecasting
    4. Report Assumptions
    5. Declarations
    6. Stakeholders
    7. Abbreviations