Synthetic Rubber Market Research Report Forecast 2030

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The synthetic rubber market is anticipated to register a notable CAGR of 4.77% during the review period.

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Synthetic Rubber Market Research Report Forecast 2030

Market Overview

The synthetic rubber market is anticipated to register a notable CAGR of 4.77% during the review period. The excellent driver of the global synthetic rubber market is its broad use in tire production for travelers and uncompromising vehicles. Synthetic rubber is utilized for assembling low-moving obstruction tires, which consume less energy, have lower fuel utilization, and decrease CO2 emanations.

Also, the rising reception of these tires in electric vehicles (EVs) and the rising deals of EVs advance market development. Moreover, the utilization of synthetic rubber in the development business is one prime driver of the global market.

Nevertheless, rigid guidelines with respect to the creation and handling of rubber are supposed to go about as limitations for global market development. Then again, the value unpredictability of raw petroleum, a critical natural substance, is a test looked at by the players in the synthetic rubber market.

Synthetic Rubber

Market Segmentation

The global Synthetic Rubber market is classified based on Type, Application, and region.

Based on Type the market is categorized into Ethylene Propylene Diene Monomer (EPDM), Styrene-Butadiene Rubber (SBR), Polyisoprene, Butyl Rubber, and Others.

The Application segment comprises Construction, Automotive & Transportation, Medical, and Others.

Regional Analysis

Asia-Pacific addressed the greatest market share of 35.44% in 2021. Asia-Pacific has been divided into China, India, Japan, South Korea, Australia, and New Zealand, and the rest of Asia-Pacific.

The high improvement in the area is credited to quick people advancement, urbanization, and variables, for instance, the presence of a colossal number of creators, humble work costs, and creation of application segments in the district. China remains the greatest creator and customer of synthetic rubber in 2021. India has similarly seen a quick development in usage over the span of late years.

North America addressed the second-greatest market piece of 25.48% in 2021 and should enlist a CAGR of 5.27% during the gauge time span. The North American market has been segregated into the US and Canada. The US is the second-greatest purchaser of synthetic rubber, followed by China. The improvement in the US is a direct result of the presence of gigantic degree end-use undertakings, expansive mechanical and Innovative work limits, and unlimited creation workplaces.

From this point forward, the US should drive regional advancement during the assessment period. The advancement in this space is attributed to the enormous degree of production of motor vehicles, and the region tends to be the greatest private monetary sponsor in creative work (Innovative work). Plus, Latin America and Center East and Africa addressed just a single-digit market part of around 7.84% and 5.82%, separately.

Major Players

The key players operating in the global synthetic rubber include LANXESS (Germany), Ltd (South Korea), LG Chem Ltd (South Korea), ZEON CORPORATION (Saudi Arabia), Kumho Petrochemical Co., Sinopec (China), Versalis S.p.A. (Italy), SIBUR (Russia), TSRC Corporation (Taiwan), Group Dynasol (Europe), Kraton Corporation (US), JSR Corporation (Japan), PJSC Nizhnekamskneftekhim (Russia), The Goodyear Tire & Rubber Company (US), Trinseo (US), and PetroChina (China).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

 

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 17

1.1 MARKET ATTRACTIVENESS ANALYSIS 19

1.1.1 GLOBAL SYNTHETIC RUBBER MARKET, BY TYPE 20

1.1.2 GLOBAL SYNTHETIC RUBBER MARKET, BY APPLICATION 21

1.1.3 GLOBAL SYNTHETIC RUBBER MARKET, BY REGION 22

 

2 MARKET INTRODUCTION 23

2.1 DEFINITION 23

2.2 SCOPE OF THE STUDY 23

2.3 MARKET STRUCTURE 24

 

3 RESEARCH METHODOLOGY 25

3.1 RESEARCH PROCESS 25

3.2 PRIMARY RESEARCH 26

3.3 SECONDARY RESEARCH 27

3.4 MARKET SIZE ESTIMATION 27

3.5 TOP-DOWN AND BOTTOM-UP APPROACHES 28

3.6 FORECAST MODEL 29

3.7 LIST OF ASSUMPTIONS & LIMITATIONS 30

 

4 MARKET DYNAMICS 31

4.1 INTRODUCTION 31

4.2 DRIVERS 33

4.2.1 INCREASING USE OF SYNTHETIC RUBBER IN TIRE MANUFACTURING 33

4.2.2 USE OF SYNTHETIC RUBBER FOR CONSTRUCTION PURPOSES 34

4.3 RESTRAINTS 35

4.3.1 STRINGENT REGULATIONS AND ADVERSE EFFECTS ASSOCIATED WITH RUBBER PROCESSING 35

4.4 OPPORTUNITIES 36

4.4.1 DEVULCANIZATION OF SYNTHETIC RUBBER 36

4.4.2 USE OF END-OF-LIFE TIRES FOR STORABLE ENERGY CARRIERS AND TIRE-DERIVED FUEL 37

4.5 CHALLENGES 37

4.5.1 VOLATILE RAW MATERIAL PRICES 37

 

5 MARKET FACTOR ANALYSIS 39

5.1 SUPPLY CHAIN ANALYSIS 39

5.1.1 RAW MATERIAL SUPPLIERS 40

5.1.2 SYNTHETIC RUBBER PRODUCERS 41

5.1.3 DISTRIBUTION & SALES CHANNELS 41

5.1.4 APPLICATIONS 41

5.2 PORTER’S FIVE FORCES ANALYSIS 42

5.2.1 THREAT OF NEW ENTRANTS 42

5.2.2 BARGAINING POWER OF SUPPLIERS 43

5.2.3 THREAT OF SUBSTITUTES 43

5.2.4 BARGAINING POWER OF BUYERS 43

5.2.5 INTENSITY OF RIVALRY 43

5.3 PRICING OVERVIEW 44

5.4 IMPACT OF COVID 19 OUTBREAK ON GLOBAL SYNTHETIC RUBBER MARKET 45

5.4.1 IMPACT ON GLOBAL ECONOMY 45

5.4.2 IMPACT ON SUUPLY CHAIN OF SYNTHETIC RUBBER MARKET 45

5.4.3 QUALITATIVE ANALYSIS ON CHANGES IN DEMAND FROM END USERS 45

 

6 GLOBAL SYNTHETIC RUBBER MARKET, BY TYPE 46

6.1 OVERVIEW 46

6.1.1 GLOBAL SYNTHETIC RUBBER MARKET ESTIMATES & FORECAST BY TYPE, 2019 TO 2030 46

6.1.2 GLOBAL SYNTHETIC RUBBER MARKET ESTIMATES & FORECAST BY TYPE, 2019 TO 2030 47

6.2 STYRENE-BUTADIENE RUBBER (SBR) 48

6.2.1 STYRENE-BUTADIENE RUBBER (SBR) MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 48

6.3 ETHYLENE PROPYLENE DIENE MONOMER (EPDM) 49

6.3.1 ETHYLENE PROPYLENE DIENE MONOMER (EPDM) MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 49

6.4 BUTYL RUBBER 50

6.4.1 BUTYL RUBBER MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 50

6.5 POLYISOPRENE 51

6.5.1 POLYISOPRENE MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 51

6.6 OTHERS 52

6.6.1 OTHERS MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 52

 

7 GLOBAL SYNTHETIC RUBBER MARKET, BY APPLICATION 53

7.1 OVERVIEW 53

7.1.1 GLOBAL SYNTHETIC RUBBER MARKET ESTIMATES & FORECAST BY APPLICATION, 2019 TO 2030 53

7.1.2 GLOBAL SYNTHETIC RUBBER MARKET ESTIMATES & FORECAST BY APPLICATION, 2019 TO 2030 54

7.2 CONSTRUCTION 55

7.2.1 CONSTRUCTION: MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 55

7.3 AUTOMOTIVE & TRANSPORTATION 56

7.3.1 AUTOMOTIVE & TRANSPORTATION MARKET ESTIMATES & FORECAST BY REGION, 2019 TO 2030 56

7.4 MEDICAL 57

7.4.1 MEDICAL: MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 57

7.5 OTHERS 58

7.5.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 58

 

8 GLOBAL SYNTHETIC RUBBER MARKET, BY REGION 59

8.1 OVERVIEW 59

8.2 NORTH AMERICA 62

8.2.1 US 65

8.2.2 CANADA 67

8.3 EUROPE 69

8.3.1 GERMANY 72

8.3.2 UK 74

8.3.3 FRANCE 76

8.3.4 SPAIN 78

8.3.5 ITALY 80

8.3.6 RUSSIA 82

8.3.7 REST OF EUROPE 84

8.4 ASIA-PACIFIC 86

8.4.1 CHINA 89

8.4.2 JAPAN 91

8.4.3 INDIA 93

8.4.4 SOUTH KOREA 95

8.4.5 AUSTRALIA & NEW ZEALAND 97

8.4.6 REST OF ASIA-PACIFIC 99

8.5 LATIN AMERICA 101

8.5.1 BRAZIL 104

8.5.2 MEXICO 106

8.5.3 ARGENTINA 108

8.5.4 REST OF LATIN AMERICA 110

8.6 MIDDLE EAST & AFRICA 112

8.6.1 GCC COUNTRIES 115

8.6.2 TURKEY 117

8.6.3 SOUTH AFRICA 119

8.6.4 REST OF THE MIDDLE EAST & AFRICA 121

 

9 COMPETITIVE LANDSCAPE 123

9.1 MARKET INTRODUCTION 123

9.2 GLOBAL MARKET STRATEGY ANALYSIS 123

9.3 RECENT DEVELOPMENTS 123

9.4 COMPETITIVE BENCHMARKING 125

 

10 COMPANY PROFILES 127

10.1 LANXESS 127

10.1.1 COMPANY OVERVIEW 127

10.1.2 FINANCIAL OVERVIEW 128

10.1.3 PRODUCTS OFFERED 128

10.1.4 KEY DEVELOPMENTS 129

10.1.5 SWOT ANALYSIS 129

10.1.6 KEY STRATEGIES 129

10.2 KUMHO PETROCHEMICAL CO., LTD 130

10.2.1 COMPANY OVERVIEW 130

10.2.2 FINANCIAL OVERVIEW 130

10.2.3 PRODUCTS OFFERED 131

10.2.4 KEY DEVELOPMENTS 131

10.2.5 SWOT ANALYSIS 132

10.2.6 KEY STRATEGIES 132

10.3 LG CHEM LTD 133

10.3.1 COMPANY OVERVIEW 133

10.3.2 FINANCIAL OVERVIEW 133

10.3.3 PRODUCTS OFFERED 134

10.3.4 KEY DEVELOPMENTS 134

10.3.5 SWOT ANALYSIS 134

10.3.6 KEY STRATEGIES 134

10.4 SINOPEC 135

10.4.1 COMPANY OVERVIEW 135

10.4.2 FINANCIAL OVERVIEW 136

10.4.3 PRODUCTS OFFERED 137

10.4.4 KEY DEVELOPMENTS 137

10.4.5 SWOT ANALYSIS 138

10.4.6 KEY STRATEGIES 138

10.5 VERSALIS SPA. 139

10.5.1 COMPANY OVERVIEW 139

10.5.2 FINANCIAL OVERVIEW 140

10.5.3 PRODUCTS OFFERED 141

10.5.4 KEY DEVELOPMENTS 141

10.5.5 SWOT ANALYSIS 142

10.5.6 KEY STRATEGIES 142

10.6 TSRC CORPORATION 143

10.6.1 COMPANY OVERVIEW 143

10.6.2 FINANCIAL OVERVIEW 144

10.6.3 PRODUCTS OFFERED 145

10.6.4 KEY DEVELOPMENTS 145

10.6.5 SWOT ANALYSIS 146

10.6.6 KEY STRATEGIES 146

10.7 ZEON CORPORATION 147

10.7.1 COMPANY OVERVIEW 147

10.7.2 FINANCIAL OVERVIEW 147

10.7.3 PRODUCTS OFFERED 147

10.7.4 KEY DEVELOPMENTS 148

10.7.5 SWOT ANALYSIS 148

10.7.6 KEY STRATEGIES 148

10.8 GROUP DYNASOL 149

10.8.1 COMPANY OVERVIEW 149

10.8.2 FINANCIAL OVERVIEW 149

10.8.3 PRODUCTS OFFERED 149

10.8.4 KEY DEVELOPMENTS 150

10.8.5 SWOT ANALYSIS 151

10.8.6 KEY STRATEGIES 151

10.9 KRATON CORPORATION 152

10.9.1 COMPANY OVERVIEW 152

10.9.2 FINANCIAL OVERVIEW 153

10.9.3 PRODUCTS OFFERED 154

10.9.4 KEY DEVELOPMENTS 154

10.9.5 SWOT ANALYSIS 155

10.9.6 KEY STRATEGIES 155

10.10 JSR CORPORATION 156

10.10.1 COMPANY OVERVIEW 156

10.10.2 FINANCIAL OVERVIEW 157

10.10.3 PRODUCTS OFFERED 158

10.10.4 KEY DEVELOPMENTS 158

10.10.5 SWOT ANALYSIS 159

10.10.6 KEY STRATEGIES 159

10.11 PJSC NIZHNEKAMSKNEFTEKHIM 160

10.11.1 COMPANY OVERVIEW 160

10.11.2 FINANCIAL OVERVIEW 161

10.11.3 PRODUCTS OFFERED 162

10.11.4 KEY DEVELOPMENTS 162

10.11.5 SWOT ANALYSIS 163

10.11.6 KEY STRATEGIES 163

10.12 SIBUR 164

10.12.1 COMPANY OVERVIEW 164

10.12.2 FINANCIAL OVERVIEW 165

10.12.3 PRODUCTS OFFERED 166

10.12.4 KEY DEVELOPMENTS 166

10.12.5 SWOT ANALYSIS 167

10.12.6 KEY STRATEGIES 167

10.13 THE GOODYEAR TIRE & RUBBER COMPANY 168

10.13.1 COMPANY OVERVIEW 168

10.13.2 FINANCIAL OVERVIEW 169

10.13.3 PRODUCTS OFFERED 170

10.13.4 KEY DEVELOPMENTS 170

10.13.5 SWOT ANALYSIS 171

10.13.6 KEY STRATEGIES 171

10.14 TRINSEO 172

10.14.1 COMPANY OVERVIEW 172

10.14.2 FINANCIAL OVERVIEW 173

10.14.3 PRODUCTS OFFERED 173

10.14.4 KEY DEVELOPMENTS 174

10.14.5 SWOT ANALYSIS 174

10.14.6 KEY STRATEGIES 174

10.15 PETROCHINA 175

10.15.1 COMPANY OVERVIEW 175

10.15.2 FINANCIAL OVERVIEW 176

10.15.3 PRODUCTS OFFERED 176

10.15.4 KEY DEVELOPMENTS 177

10.15.5 SWOT ANALYSIS 177

10.15.6 KEY STRATEGIES 177

 

11 APPENDIX 178

11.1 REFERENCES 178

11.2 RELATED REPORTS 179

Related Report: Research Report on China’s Synthetic Rubber Industry, 2018-2022

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Companies Mentioned

LANXESS (Germany), Ltd (South Korea), LG Chem Ltd (South Korea), ZEON CORPORATION (Saudi Arabia), Kumho Petrochemical Co., Sinopec (China), Versalis S.p.A. (Italy), SIBUR (Russia), TSRC Corporation (Taiwan), Group Dynasol (Europe), Kraton Corporation (US), JSR Corporation (Japan), PJSC Nizhnekamskneftekhim (Russia), The Goodyear Tire & Rubber Company (US), Trinseo (US), and PetroChina (China)

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