Synthetic Rubber Market Trends By Type, By Application (Tire and Tire Component, Footwear, Industrial Goods), and By Region - Global Opportunities & Forecast, 2021-2028

The Synthetic Rubber Market Report Segments the Industry Into by Type (Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (BR), and More), by Manufacturing Process (Emulsion Polymerization (E-SBR), Solution Polymerization (S-SBR), and More), by Raw Material (Butadiene, Isoprene, and More), by Application (Tire and Tire Components, Industrial Goods, and More), and Geography (Asia-Pacific, North America, Europe, and More).

Synthetic rubber had a market value amounting to over ** billion U.S. dollars as of 2024. It is forecast that the global market value of synthetic rubber will increase to over ** billion U.S. dollars in 2029. The Asia-Pacific region accounts for the largest synthetic rubber market share in the world, as several countries in this region are major tire producers.

The Liquid Synthetic Rubber Market report segments the industry into Product Type (Liquid Isoprene, Liquid Butadiene, Liquid Styrene Butadiene, Other Product Types (Liquid EPDM and Liquid NBR)), Application (Adhesives, Industrial Rubber, Tire, Polymer Modification, Other Applications (Waterproofing Coatings and Footwear)), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa).

The global synthetic rubber market size was over USD 24.29 billion in 2024 and is anticipated to witness a CAGR of around 7.5%, crossing USD 62.19 billion revenue by 2037. Automotive segment is expected to dominate 48% share by 2037, driven by expanding automotive industry and the growing demand for electric vehicles and parts.

Synthetic rubber market to reach $36.15 Billion By 2032. The report covers key drivers & opportunities along with industry analysis.

The global synthetic rubber market size was USD 18.40 Billion in 2020 and is expected to reach USD 24.90 Billion in 2028 registering a CAGR of 3.8%. Synthetic rubber industry report classifies global market by share, trend, growth and on the basis of product type, application, and region.

Liquid Synthetic Rubber Market is expected to grow at a significant CAGR during the forecast period 2024-2031

The global synthetic rubber market size is 12.77 million tons in 2023 and is projected to grow at a CAGR of 4.6% from 2024 to 2032.

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Synthetic Rubber Market Size 2024-2028

The synthetic rubber market size is forecast to increase by USD 14.22 billion at a CAGR of 5.96% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for tires in the electric vehicle sector. According to recent statistics, the sales of electric vehicles are projected to reach new heights, leading to a surge in tire demand. Moreover, the preference for high-performance and eco-friendly tires is on the rise, providing an excellent opportunity for synthetic rubber manufacturers. However, this market faces challenges as well. One such challenge is the replacement of rubber by polyurethanes in certain applications, particularly in the automotive industry. This shift towards polyurethanes is due to their superior properties, such as better durability and resistance to abrasion.
To capitalize on the market opportunities and navigate challenges effectively, companies must stay updated with the latest trends and consumer preferences while continuously innovating to offer superior products. Adapting to the evolving market dynamics and addressing the challenges posed by alternative materials will be crucial for the growth and success of synthetic rubber manufacturers.

What will be the Size of the Synthetic Rubber Market during the forecast period?

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The market continues to evolve, driven by advancements in technology and shifting consumer preferences. Smart rubber, with its unique properties, is gaining traction in tire manufacturing, particularly in the production of green tires. Styrene-butadiene rubber (SBR) remains a key player, with applications spanning across various sectors, including building and construction and consumer goods. Bio-based rubber is another emerging trend, derived from renewable resources, aligning with the circular economy. Solution polymerization and suspension polymerization techniques are driving innovation in the production of these eco-friendly materials. Carbon black, a critical additive, is being replaced with alternative fillers to reduce environmental impact.
Green tire production, focusing on wear resistance and tear resistance, is a significant area of growth. SBR and bio-based rubber are popular choices for their improved fuel efficiency and extended tire life. In tire manufacturing, carbon black's role is being redefined, with new processing aids and rubber blends enhancing tire performance. Sustainable manufacturing practices are gaining momentum, with a focus on reducing waste and improving energy efficiency. Silicone rubber, with its temperature resistance and rebound resilience, is finding applications in medical devices and consumer electronics. Self-healing rubber, with its ability to repair itself, is an exciting development, offering potential in various industries.
Injection molding and compression set resistance are crucial factors in the selection of rubber types for different applications. Butyl rubber, with its excellent oil resistance and chemical resistance, is a preferred choice for certain industrial applications. EPDM rubber, with its weather resistance, is widely used in roofing and automotive applications. The continuous unfolding of market activities and evolving patterns in the synthetic rubber industry reflect the dynamic nature of this sector. From smart rubber to green tires, bio-based rubber, and sustainable manufacturing, the future of synthetic rubber is promising and full of possibilities.

How is this Synthetic Rubber Industry segmented?

The synthetic rubber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Solid
  Liquid
  Styrene Butadiene Rubber (SBR)
  Polybutadiene Rubber (BR)
  Ethylene Propylene Diene Monomer (EPDM)
  Nitrile Rubber (NBR)
  Butyl Rubber (IIR)


Application

  Tyre
  Automotive component
  Footwear
  Industrial goods
  Others


End-use Industry

  Automotive
  Construction
  Consumer Goods
  Industrial Manufacturing
  Aerospace


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

The solid segment is estimated to witness significant growth during the forecast period.

Solid synthetic rubber, a type of chemically produced polymer material, is a durable and flexible alternative to natural rubber, widely used in various industries due to its resistance to environmental factors and temperature differences. Applications span from automotive components like tires and engine bearings, to construction materials

Synthetic Rubber Market Size, Share, Forecast, & Trends Analysis by Type (SBR, EPDM, BR, SBC, IIR, NBR, IR, CR), Application (Tires, Textiles & Apparel, Electronic, Packaging), Industry (Construction, Automotive, Industrial) - Global Forecast to 2032

Global Synthetic Rubber And Fibers market size is expected to reach $498.17 billion by 2029 at 7.7%, technological advancements fuel synthetic rubber and fibers market growth

Rubber Market Outlook

The global rubber market size was valued at approximately USD 40 billion in 2023 and is expected to reach about USD 65 billion by 2032, growing at a CAGR of around 5.5% during the forecast period. Key growth factors driving this market include the increasing demand for rubber in the automotive industry, particularly in tire manufacturing, and the rising application of rubber products across various industrial and consumer segments.

One of the primary growth drivers in the rubber market is the booming automotive industry. As the global population continues to rise and urbanization accelerates, the demand for automobiles has surged, particularly in emerging markets. This increased production of vehicles directly fuels the need for tires, which predominantly use both natural and synthetic rubber. Additionally, the trend towards electric vehicles (EVs) and lightweight automotive materials further propels the demand for specialized rubber compounds designed to meet specific performance criteria, such as reduced rolling resistance and enhanced durability.

Another significant growth factor is the expansion of the industrial sector. Rubber is a crucial component in various industrial applications, including manufacturing machinery, conveyor belts, hoses, and seals. The robust growth in industrial activities, especially in developing economies, necessitates a steady supply of high-quality rubber materials. Moreover, the advancement in industrial technologies and the expansion of sectors like construction and mining have contributed to the increased usage of rubber products, thereby propelling market growth.

Consumer goods and healthcare also play a pivotal role in the growth of the rubber market. The demand for rubber in the production of everyday items such as footwear, household products, and sports equipment is substantial. Furthermore, the healthcare sector's continuous innovation and the need for medical supplies, including gloves, tubing, and various other medical devices, drive the demand for rubber. The COVID-19 pandemic has further highlighted the importance of rubber in healthcare, boosting its consumption for medical applications.

From a regional perspective, the Asia Pacific region dominates the global rubber market, driven by significant production and consumption in countries like China, India, and Thailand. These countries not only have abundant natural rubber resources but also have rapidly expanding automotive and industrial sectors. North America and Europe follow, with established automotive industries and steady demand for industrial and consumer rubber products. The Middle East & Africa and Latin America also exhibit growth potential due to increasing industrial activities and infrastructure development.

Product Type Analysis

The rubber market is broadly classified into natural rubber and synthetic rubber. Natural rubber, derived from the latex of rubber trees, remains a vital component due to its high tensile strength and flexibility. Its application is widespread in tire manufacturing, which is a major driving force in the rubber market. Natural rubber continues to be in high demand, particularly in regions with extensive rubber plantations such as Southeast Asia. However, the market faces challenges related to fluctuating prices and supply disruptions due to environmental factors and diseases affecting rubber trees.

Synthetic rubber, on the other hand, is manufactured through the polymerization of monomers, typically derived from petroleum byproducts. Synthetic rubber's properties, such as resistance to abrasion, heat, and chemicals, make it suitable for various industrial applications. Moreover, advancements in polymer technology have led to the development of specialized synthetic rubbers like styrene-butadiene rubber (SBR) and nitrile rubber (NBR), which cater to specific industry needs. The increasing demand for high-performance rubber products in automotive and industrial sectors significantly contributes to the growth of synthetic rubber.

The interplay between natural and synthetic rubber is crucial to the overall market dynamics. While natural rubber is indispensable in certain applications due to its unique properties, synthetic rubber's versatility and consistent supply make it a preferred choice in many industrial segments. The balance between these two types of rubber is influence

The Liquid Synthetic Rubber Market size was valued at USD 4.23 billion in 2023 and is projected to reach USD 6.28 billion by 2032, exhibiting a CAGR of 4.6 % during the forecasts period. In a liquid synthetic rubber market, firms deal with the manufacture and sale of synthetic rubber in a liquid state which is quite advantageous concerning its usage compared to that of popular solid rubber. These material include, Liquid Polybutadiene Rubber (LPBR), Liquid Polyisoprene Rubber (LPIR) and they are used in automotive industries, construction industries and even in the health sector. Examples include, using it as bonding agents, sealants, coatings and production of tires where the solvent used will help to improve the performance, longevity and protection against environmental effects on synthetic rubbers. The present day developments in the market involve the use of green chemistry for the formulation of materials, development of new polymerization methods for better properties of the products, and new applications of the polymers such as 3D printing and biomedicals. Also contributing to this, it is possible to point to the rise in consumption from new markets and the extension of rubber’s use to new areas that demand particular properties.

Global Synthetic Rubber Market size valued at US$ 24.21 Billion in 2023, set to reach US$ 36.60 Billion by 2032 at a CAGR of about 4.7% from 2024 to 2032.

Global Synthetic Rubber Market size & share value expected to touch USD 36.15 billion by 2032, to grow at a CAGR of 4.84% during the forecast period.

Global Liquid Synthetic Rubber Market is anticipated to experience remarkable expansion, with a projected Compound Annual Growth Rate (CAGR) of 4.36% from 2025 to 2033. According to the market analysis, the market size is forecasted to reach USD 21.98 Billion by the end of 2033, up from USD 14.97 Billion in 2024.

The Global Liquid Synthetic Rubber market size to cross USD 126.59 Billion in 2033.

The Global Smart Pole Market size is USD 16.64 billion; driven by urban infrastructure development, integration of IoT technologies, and smart city initiatives through 2028.

Check out Market Research Intellect's Synthetic Rubber Market Report, valued at USD 40.5 billion in 2024, with a projected growth to USD 60.8 billion by 2033 at a CAGR of 5.8% (2026-2033).

Synthetic Rubber Market Outlook 2032

The global synthetic rubber market size was USD 32.13 Billion in 2023 and is likely to reach USD 46.14 Billion by 2032, expanding at a CAGR of 4.21% during 2024–2032. The market growth is attributed to the high demand for lightweight and durable materials across the globe.



Increasing demand for durable and lightweight materials in various industries is driving the synthetic rubber market. Synthetic rubber, a man-made elastomer, is primarily a product of petroleum. It has properties similar to natural rubber but with enhanced chemical and thermal stability, and resistance to oil, heat, and weathering. The automotive industry, in particular, is a significant consumer of synthetic rubber, using it extensively in tire manufacturing and other automotive parts.

Impact of Artificial Intelligence (AI) onthe Synthetic Rubber Market

The use of artificial intelligence is likely to boost the synthetic rubber market. AI-powered predictive analytics tools are enabling manufacturers to forecast demand accurately, optimize inventory levels, and streamline production processes. These tools analyze historical data and market trends to predict future demand, helping businesses plan their production and distribution strategies effectively. Furthermore, AI is playing a pivotal role in research and development in the industry.



Machine learning algorithms analyze vast amounts of data to identify patterns and correlations, leading to the development of new, superior types of synthetic rubber. AI is improving quality control in the manufacturing process. Automated inspection systems powered by AI detect defects and irregularities in the product with greater accuracy and speed than human inspectors, ensuring the consistent quality of the product.

Synthetic Rubber Market Dynamics

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