Report

synthetic rubber market

Synthetic Rubber Market by Application (Tire, Non-Tire Automotive, Footwear, Industrial), Type (Styrene Butadiene Rubber, Ethylene Propylenediene Rubber, Polyisoprene, Polybutadiene Rubber, and Others), and Geography – Global Forecast up to 2026

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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

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

TABLE 1.           GLOBAL SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 2.           GLOBAL SYNTHETIC RUBBER MARKET VALUE FOR STYRENE-BUTADIENE RUBBER, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 3.           GLOBAL SYNTHETIC RUBBER MARKET VALUE FOR ETHYLENE PROPYLENEDIENE RUBBER, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 4.           GLOBAL SYNTHETIC RUBBER MARKET VALUE FOR POLYISOPRENE, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 5.           GLOBAL SYNTHETIC RUBBER MARKET VALUE FOR POLYBUTADIENE RUBBER, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 6.           GLOBAL SYNTHETIC RUBBER MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 7.           GLOBAL SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 8.           GLOBAL SYNTHETIC RUBBER MARKET VALUE FOR TIRE, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 9.           GLOBAL SYNTHETIC RUBBER MARKET VALUE FOR NON-TIRE AUTOMOTIVE, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 10.         GLOBAL SYNTHETIC RUBBER MARKET VALUE FOR FOOTWEAR, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 11.         GLOBAL SYNTHETIC RUBBER MARKET VALUE FOR INDUSTRIAL, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 12.         NORTH AMERICA SYNTHETIC RUBBER MARKET VALUE, BY COUNTRY, 2020-2026 (USD BILLION)

TABLE 13.         NORTH AMERICA SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 14.         NORTH AMERICA SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 15.         U.S SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 16.         U.S SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 17.         CANADA SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 18.         CANADA SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 19.         EUROPE SYNTHETIC RUBBER MARKET VALUE, BY COUNTRY, 2020-2026 (USD BILLION)

TABLE 20.         EUROPE SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 21.         EUROPE SYNTHETIC RUBBER MARKET VALUE, APPLICATION, 2020-2026 (USD BILLION)

TABLE 22.         GERMANY SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 23.         GERMANY SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 24.         U.K SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 25.         U.K SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 26.         FRANCE SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 27.         FRANCE SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 28.         ITALY SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 29.         ITALY SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 30.         SPAIN SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 31.         SPAIN SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 32.         ROE SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 33.         ROE SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 34.         ASIA PACIFIC SYNTHETIC RUBBER MARKET VALUE, BY COUNTRY, 2020-2026 (USD BILLION)

TABLE 35.         ASIA PACIFIC SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 36.         ASIA PACIFIC SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 37.         CHINA SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 38.         CHINA SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 39.         INDIA SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 40.         INDIA SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 41.         JAPAN SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 42.         JAPAN SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 43.         REST OF APAC SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 44.         REST OF APAC SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 45.         REST OF WORLD SYNTHETIC RUBBER MARKET VALUE, BY TYPE, 2020-2026 (USD BILLION)

TABLE 46.         REST OF WORLD SYNTHETIC RUBBER MARKET VALUE, BY APPLICATION, 2020-2026 (USD BILLION)

TABLE 47.         DUPONT: FINANCIALS 

TABLE 48.         DUPONT: PRODUCTS & SERVICES        

TABLE 49.         DUPONT: RECENT DEVELOPMENTS      

TABLE 50.         MITSUBISHI CHEMICAL CORPORATION: FINANCIALS   

TABLE 51.         MITSUBISHI CHEMICAL CORPORATION: PRODUCTS & SERVICES         

TABLE 52.         MITSUBISHI CHEMICAL CORPORATION: RECENT DEVELOPMENTS        

TABLE 53.         INEOS: FINANCIALS    

TABLE 54.         INEOS: PRODUCTS & SERVICES           

TABLE 55.         INEOS: RECENT DEVELOPMENTS         

TABLE 56.         CHEVRON PHILLIPS CHEMICAL COMPANY: FINANCIALS

TABLE 57.         CHEVRON PHILLIPS CHEMICAL COMPANY: PRODUCTS & SERVICES      

TABLE 58.         CHEVRON PHILLIPS CHEMICAL COMPANY: RECENT DEVELOPMENTS    

TABLE 59.         EASTMAN CHEMICAL COMPANY: FINANCIALS   

TABLE 60.         EASTMAN CHEMICAL COMPANY: PRODUCTS & SERVICES         

TABLE 61.         EASTMAN CHEMICAL COMPANY: RECENT DEVELOPMENTS       

TABLE 62.         EXXONMOBIL CORPORATION: FINANCIALS      

TABLE 63.         EXXONMOBIL CORPORATION: PRODUCTS & SERVICES

TABLE 64.         EXXONMOBIL CORPORATION: RECENT DEVELOPMENTS           

TABLE 65.         NOVA CHEMICALS CORPORATION: FINANCIALS           

TABLE 66.         NOVA CHEMICALS CORPORATION: PRODUCTS & SERVICES     

TABLE 67.         NOVA CHEMICALS CORPORATION: RECENT DEVELOPMENTS    

TABLE 68.         SABIC: FINANCIALS     

TABLE 69.         SABIC: PRODUCTS & SERVICES           

TABLE 70.         SABIC: RECENT DEVELOPMENTS          

TABLE 71.         SINOPEC: FINANCIALS

TABLE 72.         SINOPEC: PRODUCTS & SERVICES       

TABLE 73.         SINOPEC: RECENT DEVELOPMENTS     

TABLE 74.         GOODYEAR: FINANCIALS         

TABLE 75.         GOODYEAR: PRODUCTS & SERVICES   

TABLE 76.         GOODYEAR: RECENT DEVELOPMENTS

Research Framework

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting
Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources

Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

outicon

Synthetic Rubber Market by Application (Tire, Non-Tire Automotive, Footwear, Industrial), Type (Styrene Butadiene Rubber, Ethylene Propylenediene Rubber, Polyisoprene, Polybutadiene Rubber, and Others), and Geography – Global Forecast up to 2026
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