Global Synthetic Rubber Market Growth 2025-2031

The global Synthetic Rubber market size is predicted to grow from US$ 34500 million in 2025 to US$ 39500 million in 2031; it is expected to grow at a CAGR of 2.3% from 2025 to 2031.

Synthetic rubber is a man-made elastomer derived from petrochemical feedstocks such as butadiene, styrene, and isoprene. Unlike natural rubber, which is harvested from rubber trees, synthetic rubber is produced through controlled polymerization processes, allowing for customized properties suited to specific industrial applications. The most common types of synthetic rubber include Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (BR), Styrenic Block Copolymers (SBC), Ethylene Propylene Diene Monomer (EPDM), Butyl Rubber (IIR), and Nitrile Butadiene Rubber (NBR). These elastomers offer advantages such as improved resistance to heat, chemicals, and abrasion, making them indispensable in industries ranging from automotive and industrial manufacturing to construction and healthcare.

Industry Structure and Key Market Players

The synthetic rubber industry is relatively concentrated, with the top 10 manufacturers accounting for nearly 50% of the market share. Leading global players include Arlanxeo, Sinopec, Goodyear, Kumho Petrochemical, TSRC, NKNK, JSR, LG Chem, and ExxonMobil, all of which have established extensive production and distribution networks. Synthetic rubber production is primarily located in North America, Europe, and Asia-Pacific, with Asia-Pacific emerging as the dominant and fastest-growing region, capturing over 55% of the global market share. China plays a particularly crucial role in the industry, benefiting from strong domestic demand and substantial investment in production facilities. The industry is characterized by economies of scale, technological advancements in polymer chemistry, and ongoing research efforts to enhance performance attributes such as fuel efficiency and environmental sustainability.

Market Trends and Future Outlook

The demand for synthetic rubber is largely driven by the automotive industry, which accounts for over 60% of total consumption, primarily due to its use in tire manufacturing, seals, hoses, and gaskets. Other key applications include industrial machinery, construction materials, and consumer goods. Among product types, Styrene Butadiene Rubber (SBR) and Polybutadiene Rubber (BR) are the most widely consumed, due to their excellent wear resistance and elasticity. The market is also influenced by technological advancements, regulatory changes, and environmental concerns, prompting manufacturers to develop bio-based and sustainable synthetic rubbers. Additionally, Asia-Pacific is expected to continue leading market growth, supported by the expansion of its automotive and industrial sectors. As the global economy recovers and vehicle production increases, the synthetic rubber industry is projected to see steady growth, with ongoing innovations in material science enhancing product performance and sustainability.

LP Information, Inc. (LPI) ' newest research report, the “Synthetic Rubber Industry Forecast” looks at past sales and reviews total world Synthetic Rubber sales in 2024, providing a comprehensive analysis by region and market sector of projected Synthetic Rubber sales for 2025 through 2031. With Synthetic Rubber sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synthetic Rubber industry.

This Insight Report provides a comprehensive analysis of the global Synthetic Rubber landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synthetic Rubber portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Synthetic Rubber market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic Rubber and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Synthetic Rubber.

This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Rubber market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Styrene Butadiene Rubber (SBR)
Polybutadiene Rubber (BR)
Nitrile Butadiene Rubber (NBR)
Butyl Rubber (IIR)
Styrenic Block Copolymer (SBC)
Ethylene Propylene Diene Monomer (EPDM)
Chloroprene Rubber (CR)
Thermoplastic Polyurethane (TPU)
Thermoplastic PolyOlefin (TPO)
Other

Segmentation by Application:
Automotive
Building & Construction
Consumer Goods
Industrial
Medical
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Arlanxeo
Sinopec
Kumho Petrochemical
CNPC
TSRC
ExxonMobil
Goodyear
NKNK
JSR
Sibur
LG Chem
Versalis
LCY
Kraton
Zeon
Dynasol
Asahi Kasei
JSR Corporation
Ningbo Changhong Polymer Scientific and Technical
Lubrizol
BASF
Covestro
Wanhua Chemical
Huntsman
Trinseo
Hexpol
Kuraray
COIM Group
Avient
Epaflex
Miracll Chemicals
Huafeng
Ningbo Shunze
Nandi Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Synthetic Rubber market?

What factors are driving Synthetic Rubber market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Synthetic Rubber market opportunities vary by end market size?

How does Synthetic Rubber break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.