Get the latest insights on price movement and trend analysis of Synthetic Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Rubber rose to 167.70 USD Cents / Kg on August 8, 2025, up 0.30% from the previous day. Over the past month, Rubber's price has risen 3.14%, but it is still 2.39% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rubber - values, historical data, forecasts and news - updated on August of 2025.

Graph and download economic data for Producer Price Index by Commodity: Rubber and Plastic Products: Synthetic Rubber, Including Styrene-Butadiene Rubber (SBR) and Ethylene Propylene (WPU07110224) from Jun 2003 to Jun 2025 about synthetic, rubber, plastics, commodities, PPI, inflation, price index, indexes, price, and USA.

The producer price index (PPI) of synthetic rubber (including styrene-butadiene rubber and ethylene propylene) in the United States in 2023 amounted to *****. That was a decrease of **** index pints compared to the previous year.

United States - Producer Price Index by Commodity: Rubber and Plastic Products: Synthetic Rubber, Including Styrene-Butadiene Rubber (SBR) and Ethylene Propylene was 257.34600 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Rubber and Plastic Products: Synthetic Rubber, Including Styrene-Butadiene Rubber (SBR) and Ethylene Propylene reached a record high of 302.90000 in August of 2011 and a record low of 3.80000 in June of 1932. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Rubber and Plastic Products: Synthetic Rubber, Including Styrene-Butadiene Rubber (SBR) and Ethylene Propylene - last updated from the United States Federal Reserve on July of 2025.

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).

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.

Graph and download economic data for Producer Price Index by Industry: Synthetic Rubber Manufacturing: Primary Products (PCU325212325212P) from Jun 1981 to Jun 2025 about synthetic, rubber, primary, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

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.

United States - Producer Price Index by Commodity: Rubber and Plastic Products: Synthetic Rubber was 254.95900 Index 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Rubber and Plastic Products: Synthetic Rubber reached a record high of 304.50000 in August of 2011 and a record low of 27.60000 in February of 1947. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Rubber and Plastic Products: Synthetic Rubber - last updated from the United States Federal Reserve on July of 2025.

United States - Producer Price Index by Industry: Synthetic Rubber Manufacturing: Primary Products was 273.90200 Index Jun 1981=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Synthetic Rubber Manufacturing: Primary Products reached a record high of 332.20000 in August of 2011 and a record low of 88.80000 in November of 1986. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Synthetic Rubber Manufacturing: Primary Products - last updated from the United States Federal Reserve on August of 2025.

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

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Liquid Synthetic Rubber Market Size 2024-2028

The liquid synthetic rubber market size is estimated to increase by USD 5.39 billion, at a CAGR of 4.36% between 2023 and 2028. Market growth in the rubber industry hinges on heightened demand from the tire sector, rapid industrialization in emerging markets, and rising requirements from the medical and healthcare sectors. Challenges facing the market include the revival of the natural rubber industry, strict regulations governing rubber product manufacturing, and price instability of essential raw materials. These factors collectively shape the landscape for rubber products, influencing production dynamics and market strategies in a globally interconnected economy. As the industry navigates these challenges, innovative approaches in manufacturing and supply chain management will be crucial to sustain growth and meet evolving market demands across diverse sectors.

What will be the size of the Market During the Forecast Period?

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What is the Largest-Growing Segments in the Market?

The tyre segment is estimated to witness significant growth during the forecast period. Liquid synthetic variant is widely used in tire production around the world. It is used in high-performance applications for the bicycle and motorcycle tire industry. Tires manufactured with strict safety requirements provide precision and controllability in various weather and surface conditions, leading manufacturers to use them as their base material in tire production.

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The tyre segment was the largest segment and valued at USD 10.22 billion in 2018. The increase in demand for high-performance tires has raised the demand for liquid styrene-butadiene, a product variant. The demand for a greener world and increasing consumer awareness about it has driven the consumption of high-performance tires. Considering the large amount used in the manufacture of tires and tire-related products, the market relies on the automotive industry and the tire sector for growth. Hence, the growing adoption from the auto industry is expected to drive the growth of the tyre segment of the market during the forecast period.

Which are the Key Regions for the Market?

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APAC is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In APAC, countries such as South Korea, Japan, China, and India are the key contributing countries in terms of revenue. Infrastructure and construction development in the region and China's emergence as a global manufacturing hub are the factors driving consumption in the region.

Furthermore, the demand is expected to increase mainly as end-user industries from developed countries move their bases to emerging regions of APAC, due to factors such as ease of obtaining land, presence of a cost-effective workforce, strategic location, accessibility, strong power grid, reliable transportation infrastructure, tolerant regulations and standards for chemicals and plastics. Hence, such factors will drive the growth of the market in this region during the forecast period.

Market Dynamics and Customer Landscape

The market is witnessing significant growth due to its wide application in various industries such as the beverage, dairy, and baby food industries. The functionality of liquid synthetic rubber in extending the shelf life of these products and reducing storage costs is a key factor driving market growth. In the beverage industry, it is used as a vegetable concentrate or puree, while in the dairy industry, it is used as a vegetable ingredient in the form of powders or mushroom-based products. The baby food industry also benefits from the use of liquid synthetic rubber due to its wholesome effect on the final product. The market for liquid synthetic rubber is fragmented with both local and international players. The market is expected to grow at a steady pace due to the increasing health benefits associated with the consumption of natural food additives. The hectic schedule of consumers and the rising family disposable incomes are also contributing factors. The vegetable concentrates and purees segment is expected to dominate the market due to their wide application in various food and beverage industries.

Despite the benefits, the high production costs and the availability of alternative additives may limit the market growth to some extent. The market caters to diverse sectors, including food and beverages, focusing on the quality of the product with functional ingredient such as gluten free meals and fruits and vegetables concentrates. Techn

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).

In 2024, the Chinese synthetic rubber market increased by 11% to $13B for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption recorded a pronounced setback. Over the period under review, the market reached the peak level at $20B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

As of June 2025, the average monthly global price of rubber was **** U.S. dollars per kilogram. The average annual price of natural rubber at the Singapore Commodity Exchange in 2024 was **** U.S. dollars per kilogram. Rubber as a commodity: many end uses Rubber is a widely used material, in both naturally and synthetically sourced forms. Companies use it in the manufacturing of tires and tubes, rubber gloves, latex condoms, erasers, in adhesives and coatings, nozzles, as elastic material in clothing, and more. Accordingly, rubber is an important commodity due to its numerous uses in everyday items.   Rubber prices and rubber producers As with other internationally traded commodities that have relatively low market prices, low rubber prices have a negative impact on the rubber producers themselves. The resulting issues of poverty for natural rubber producers has led to the creation of the Fair Rubber Association (FRA), a multi-stakeholder association that aims to improve the lives and working conditions of the primary producers by utilizing Fair Trade principles.

Graph and download economic data for Producer Price Index by Industry: Synthetic Rubber Manufacturing: Synthetic Rubber (Vulcanizable Elastomers) (PCU3252123252120) from Jun 1981 to Jun 2025 about synthetic, rubber, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

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

Graph and download economic data for Producer Price Index by Commodity: Rubber and Plastic Products: Synthetic Rubber (WPU071102) from Jan 1947 to Jun 2025 about synthetic, rubber, plastics, commodities, PPI, inflation, price index, indexes, price, and USA.