Graph and download economic data for Producer Price Index by Industry: Resin and Synthetic Rubber Manufacturing (PCU3252132521) from Dec 2003 to Jun 2025 about resin, synthetic, rubber, manufacturing, PPI, industry, 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 Industry: Synthetic Rubber Manufacturing: Synthetic Rubber (Vulcanizable Elastomers) 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: Synthetic Rubber (Vulcanizable Elastomers) 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: Synthetic Rubber (Vulcanizable Elastomers) - last updated from the United States Federal Reserve on July of 2025.

The global synthetic rubber market, valued at $33.48 billion in 2025, is projected to experience robust growth, driven by the burgeoning automotive and tire industries. A compound annual growth rate (CAGR) of 4.21% from 2025 to 2033 indicates a significant expansion, fueled by increasing vehicle production globally and the rising demand for high-performance tires. Key growth drivers include advancements in tire technology, demanding better fuel efficiency and durability, the increasing adoption of synthetic rubber in non-tire automotive applications (e.g., seals, hoses, belts), and the expanding footwear industry. Growth in developing economies, particularly in Asia-Pacific, is another significant factor contributing to this market expansion. While the rising cost of raw materials poses a challenge, ongoing research and development in sustainable and cost-effective synthetic rubber production are mitigating this restraint. Market segmentation reveals strong performance across various types, including styrene butadiene rubber (SBR), Ethylene Propylene Diene Rubber (EPDM), and others, with applications spanning tires, automotive components, footwear, and industrial goods. The competitive landscape is dominated by major players like ExxonMobil, Lanxess, and several prominent Asian manufacturers, indicating a blend of established global players and regional industry leaders. The forecast period of 2025-2033 promises continuous growth, with the Asia-Pacific region expected to maintain its leading position due to its significant manufacturing base and expanding consumer markets. North America and Europe will also contribute significantly, driven by technological advancements and strong automotive sectors. Specific segment growth will be influenced by factors such as evolving consumer preferences (e.g., demand for eco-friendly tires), regulatory changes impacting raw material sourcing and manufacturing processes, and the ongoing innovation in synthetic rubber formulations to enhance performance characteristics. Companies are increasingly focusing on developing sustainable and high-performance synthetic rubber solutions to maintain a competitive edge. This focus, coupled with strategic partnerships and investments in research and development, will shape the future trajectory of the global synthetic rubber market. Recent developments include: December 2023: SIBUR's Nizhnekamskneftekhim completed the upgrade of its halobutyl rubbers (HBR) capacities by ramping them up from 150 to 200 kilotons. About RUB 8 billion (USD 85.5 million) was spent on this upgrade project, which installed six new HBR production units and revamped 16 existing ones., May 2023: Arlanxeo announces planned to build a rubber production plant in Jubail, Saudi Arabia, with an annual capacity of 140,000 metric tons. This plant will be part of the USD 11 billion Amiral complex planned by Saudi Aramco and Total Energies to produce two elastomers, including ultra-high cis polybutadiene (NdBR) and lithium butadiene rubber (LiBR)., May 2023: Hankook Tire and Kumho Petrochemical entered into a memorandum of understanding (MoU) to collaborate on advancing environmentally friendly tires by utilizing eco-solution-polymerized styrene-butadiene rubber (eco-SSBR)., April 2023: The Hainan-based subsidiary of China Petroleum and Chemical Corp., Hainan Baling Chemical New Material Co., Ltd, announced the launch of its latest project focused on the production of Styrene-Butadiene Copolymer (SBC) in Hainan, China. The annual production capacity of 170,000 tons will make Sinopec the world's largest producer of SBC plants., March 2023: The Saudi Arabian Oil Company (Aramco) completed the USD 2.65 billion acquisition of Valvoline Inc., a provider of automotive and industrial solutions, through one of its wholly-owned subsidiaries., December 2022: Korea Kumho Petrochemical Co. (KKPC) announced plans for a series of synthetic rubber expansions at its production facilities in South Korea, including its plan to expand its Solution Styrene-Butadiene Rubber (SSBR) capacity to 123 Kilo-Tons Per Annum, which was scheduled to be completed by the end of 2023.. Key drivers for this market are: Increasing Demand from Rising Sales of Electric Vehicles, Other Drivers. Potential restraints include: Increasing Demand from Rising Sales of Electric Vehicles, Other Drivers. Notable trends are: Increasing Demand From Tire and Tire Components.

Graph and download economic data for Capital Costs for Manufacturing: Resin, Synthetic Rubber, and Artificial Synthetic Fibers and Filaments Manufacturing (NAICS 3252) in the United States (IPUEN3252C020000000) from 1987 to 2021 about resin, synthetic, fiber, cost, rubber, NAICS, capital, IP, manufacturing, and USA.

The personnel costs of the synthetic rubber in primary forms manufacturing industry of Germany were about 236.03 million Euros in 2022. This is lower than in 2021, when the personnel costs had been approximately 248.27 million Euros.

The chemical building blocks of synthetic rubber are based on the crude petrol naphtha, which is obtained by distilling crude oil in a refinery. In so-called steam crackers, the naphtha is broken down into the various industry raw materials butadiene, isoprene and styrene using a great deal of energy. Following the outbreak of war in Ukraine in 2022, prices for crude oil, natural gas and electricity rose dramatically, leading to significant increases in raw material costs of up to 75 %. As the additional costs were passed on to customers, prices for synthetic rubber rose sharply. Although industry sales have increased by an average of 0.8% per year over the past five years, this growth is primarily due to the so-called base effect: In 2020, there was an exceptionally sharp drop in sales of 15.5% as a result of the Covid-19 pandemic. The resulting low starting level significantly distorted the average growth of subsequent years upwards. Adjusted for inflation, sales are still more than 10% below the 2019 level, which highlights the ongoing headwind for the industry.The industry companies and important upstream sectors continue to suffer from high electricity and natural gas prices as well as considerable bureaucratic costs. According to the German Rubber Industry Association (WDK), raw material prices are still around 40% higher than in the years of high demand before the pandemic, which is impacting international competitiveness. A slight decline in sales of 0.2% to €1.5 billion is forecast for 2025, mainly because demand from industry, particularly from tyre manufacturing as the main sales market, remains weak. In addition, an escalation of the customs conflict with the USA could put further pressure on the industry and lead to a further drop in demand and higher declines in sales. The announced Europe-wide closures of steam cracker plants in 2025 could also mean that the supply of raw materials for industry companies will increasingly have to be covered by imports, which could create supply bottlenecks and dependencies.The future prospects for German synthetic rubber production are optimistic despite the current challenging market conditions. Industry companies reacted early to rising production costs by relocating low-margin standard products abroad over the past decade and significantly increasing resource efficiency at their domestic sites. In Germany, the leading companies in the sector are now consistently focussing on research, innovation and the production of speciality rubber and high-quality rubber compounds, which continues to give them a leading position internationally. According to the European industry association Cefic, a decisive advantage of the European chemical industry is its very good carbon footprint in an international comparison, meaning that a migration of production could jeopardise global climate protection. This realisation now also seems to be echoed by the EU Commission. As part of the so-called omnibus package, initial steps have been announced to relieve and strengthen European industrial locations. At the same time, major research projects at BASF and the Fraunhofer Institute are providing impetus for a more sustainable and climate-friendly production of synthetic rubber. If there is no trade conflict with the USA and the political representatives in Brussels and Berlin consistently implement their announcements, IBISWorld expects sales to grow by an average of 2.1% per year to 1.7 billion euros by 2030 and profit margins to remain stable at around 9%.

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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 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.

Bio-Based Synthetic Rubber Market Outlook

According to our latest research, the global bio-based synthetic rubber market size reached USD 1.42 billion in 2024, supported by a robust shift toward sustainable materials across multiple industries. The market is experiencing a strong compound annual growth rate (CAGR) of 9.1% from 2025 to 2033. By the end of the forecast period in 2033, the market is projected to attain a value of USD 3.13 billion. This impressive growth trajectory is primarily driven by increasing environmental concerns, stringent governmental regulations on conventional petrochemical products, and rising demand from automotive and tire manufacturing sectors for greener alternatives.

The growth of the bio-based synthetic rubber market is fueled by a combination of regulatory pressure and evolving consumer preferences. Governments worldwide are implementing stricter regulations on carbon emissions and promoting the adoption of environmentally friendly materials. This push for sustainability has incentivized manufacturers to invest in research and development of bio-based alternatives, particularly in the tire and automotive industries, which are the largest consumers of synthetic rubber. Additionally, the increasing awareness among consumers regarding the environmental impact of traditional rubber products is leading to a surge in demand for eco-friendly alternatives, further accelerating market growth.

Another significant growth factor is the advancement in biotechnological processes and feedstock availability. Innovations in fermentation and polymerization techniques have enabled the efficient production of high-quality bio-based synthetic rubber from renewable resources such as sugarcane, corn, and other biomass. These technological breakthroughs have reduced the cost differential between bio-based and petroleum-derived synthetic rubbers, making bio-based options more commercially viable. Furthermore, the growing availability of sustainable feedstocks has ensured a steady supply chain, encouraging more manufacturers to transition towards bio-based solutions.

Strategic collaborations and investments by leading market players are also contributing to the expansion of the bio-based synthetic rubber market. Major tire manufacturers, along with chemical companies, are entering into partnerships with biotechnology firms to develop proprietary bio-based rubber compounds. These collaborations are aimed at enhancing product performance, reducing production costs, and meeting the stringent quality requirements of end-users. As a result, the market is witnessing a surge in new product launches and an increased focus on branding sustainable rubber products, which is expected to further drive market penetration in both developed and emerging economies.

From a regional perspective, Asia Pacific remains the dominant market, accounting for the largest share of both production and consumption. The region’s robust automotive and industrial sectors, coupled with supportive government policies promoting green technologies, are pivotal in driving demand. North America and Europe are also witnessing significant growth, primarily due to stringent environmental regulations and a strong focus on sustainability initiatives. Latin America and the Middle East & Africa, while currently smaller in comparison, are poised for accelerated growth as multinational companies expand their operations and invest in local bio-based rubber production capacities.

Product Type Analysis

The bio-based synthetic rubber market is segmented by product type into bio-based polybutadiene rubber, bio-based styrene-butadiene rubber, bio-based isoprene rubber, and others. Among these, bio-based polybutadiene rubber is witnessing the highest demand, primarily due to its superior abrasion resistance and its extensive use in tire manufacturing. The transition from petroleum-based to bio-based polybutadiene is being driven by both regulatory mandates and the tire industry'

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.

The average price of rubber at the Singapore Commodity Exchange (SICOM) in 2024 was **** U.S. dollars per kilogram. Between 2010 and 2024, the average price of rubber reached a high in 2011 of **** U.S. dollars per kilogram. In 2024, the highest monthly price of rubber was in September, at **** U.S. dollars per kilogram.
Rubber prices and producers worldwide Global rubber prices have experienced significant fluctuations in the 21st century, peaking in 2011 due to a higher demand from emerging markets, and supply constraints. These prices gradually recovered due to an increase in rubber tree cultivation and a slowdown in global demand. The increase in synthetic rubber production in China and the United States over the last two decades has similarly helped facilitate the stabilization of the global price of natural rubber through a supply increase. In 2023, Thailand was the largest natural rubber exporter in the world, with an export value totaling *** billion U.S. dollars. This accounted for roughly ** percent of the global value of natural rubber exports in 2023. The second-largest exporter in 2023 was Indonesia, which exported *** billion U.S. dollars of natural rubber.

Supply constraints of rubber Accounting for about half of global rubber production, natural rubber is an agricultural product produced from rubber trees in Southeast Asia, home to the most natural rubber exporting countries worldwide. Being an agricultural product, the trees take numerous years to mature before being harvested, a process dependent on climate and weather conditions.
The amount of replanted rubber trees in Thailand, the largest exporter of natural rubber, has decreased year-on-year since 2019 due to a slowdown in global demand. However, land-use for natural rubber harvest area is forecast to increase globally year-over-year, reaching a maximum additional *** million hectares in 2030.

The market size of China's synthetic rubber manufacturing industry grew *** percent in 2022 to ** billion U.S. dollars. Between 2017 and 2022, the Chinese synthetic rubber manufacturing industry had an average annual growth rate of *** percent.

According to Cognitive Market Research, the global Synthetic Rubber market size will be USD 33524.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2025 to 2033.

North America held the major market share for more than 20% of the global revenue with a market size of USD 6704.90 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2025 to 2033.
Europe accounted for a market share of over 19% of the global revenue with a market size of USD 85.46 million.
APAC held a market share of around 50% of the global revenue with a market size of USD 16762.25 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2025 to 2033.
South America has a market share of more than 4% of the global revenue with a market size of USD 1273.93 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 1340.98 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2033.
Africa had a market share of around 3.30% of the global revenue and was estimated at a market size of USD 1106.31 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2025 to 2033.
Polybutadiene (BR) Product is the fastest growing segment of the Synthetic Rubber industry

Market Dynamics of Synthetic Rubber Market

Key Drivers for Synthetic Rubber Market

Growing Automotive Industry to Boost Market Growth

The growing automotive industry is a major driver for the synthetic rubber market due to the increasing demand for vehicles globally. Synthetic rubber is widely used in tire manufacturing, an essential component in automobiles. As vehicle production ramps up, especially in emerging markets, the need for durable, high-performance tires boosts synthetic rubber demand. Additionally, synthetic rubber is utilized in other automotive parts such as seals, hoses, and gaskets. The continuous advancements in synthetic rubber formulations, providing better fuel efficiency, weather resistance, and performance, further contribute to its use in automotive applications. As automotive manufacturers focus on sustainability and innovation, the demand for synthetic rubber is expected to grow alongside the evolving automotive industry. For instance, in April 2023, Sinopec announced that it had increased the production capacity of styrene butadiene (SBC) by 170,000 tons per year. This increase was done in manufacturing sites located in Hainan, China. The purpose of the capacity expansion was to establish a presence in China.

https://www.prnewswire.com/ae/news-releases/sinopecs-styrene-butadiene-copolymer-sbc-project-with-170-000-tonsyear-production-capacity-goes-into-operation-301793271.html

Increasing Demand for Footwear and Consumer Goods To Boost Market Growth

The increasing demand for footwear and consumer goods is significantly driving the synthetic rubber market. Synthetic rubber is widely used in the production of shoe soles, insoles, and other footwear components due to its flexibility, durability, and cost-effectiveness. As the global footwear market expands, driven by rising consumer purchasing power and fashion trends, the demand for synthetic rubber grows. Moreover, synthetic rubber is a key material in various consumer goods, such as household items, sporting goods, and electronics, due to its versatility and performance characteristics. With growing consumer demand for these products, the need for synthetic rubber in manufacturing processes continues to rise. This trend supports the market's expansion and drives innovation in rubber formulations to meet evolving consumer preferences.

Restraint Factor for the Synthetic Rubber Market

Volatility in Raw Material Prices Will Limit Market Growth

Volatility in raw material prices is a significant restraint on the synthetic rubber market. Synthetic rubber is primarily derived from petrochemical products like styrene, butadiene, and isoprene, which are highly susceptible to fluctuations in crude oil prices and supply chain disruptions. When raw material costs rise, manufacturers face increased production expenses, which can lead to higher prices for synthetic rubber and its derivatives. This unpredictability can hinder investment in production and create uncertainty for consumers, as...

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Rubber Market Size 2023-2027

The rubber market size is forecast to increase by 8795.35 MT, at a CAGR of 5.28% between 2022 and 2027.

The market is driven by the surging demand from the automotive industry, which accounts for a significant market share. This trend is attributed to the increasing production of vehicles, particularly in emerging economies, leading to an uptick in rubber consumption for tire manufacturing. Another key trend influencing the market is the growing popularity of bio-adhesives, derived from natural rubber, in various industries such as construction, packaging, and adhesives. However, the market faces challenges from stringent regulations for rubber manufacturing, particularly in relation to environmental sustainability and worker safety.
These regulations, aimed at reducing the environmental impact of rubber production and ensuring ethical labor practices, add to the production costs and may hinder market growth. Companies operating in the rubber industry must navigate these challenges by adopting sustainable production methods and ensuring compliance with regulatory requirements to remain competitive and capitalize on market opportunities.

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

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The rubber industry continues to evolve, driven by innovation and the constant pursuit of improved quality and sustainability. From manufacturing processes to product applications, rubber's versatility spans various sectors, including industrial, automotive, medical, and consumer goods. Rubber research and development efforts focus on enhancing product performance, durability, and reducing environmental impact. Bio-based rubber, derived from renewable sources, is gaining traction as a sustainable alternative to traditional synthetic and natural rubber. Quality control is paramount in rubber production, with rigorous testing and adherence to industry standards ensuring consistent product quality. Recycling and waste reduction are also key areas of focus, as the industry strives to minimize its environmental footprint.

Carbon black, a common additive in rubber, is under scrutiny for its potential environmental impact. Innovations in rubber technology aim to reduce the need for carbon black, while maintaining product performance. Rubber's diverse applications span from industrial products like coatings, adhesives, and springs, to consumer goods such as boots, gloves, and mats. In the aerospace industry, rubber components are essential for parts that require flexibility, durability, and resistance to extreme temperatures. The rubber industry's continuous dynamism is reflected in its ongoing research, development, and application of new technologies and sustainable practices. The integration of bio-based rubber into industrial processes and products underscores this evolution, as the industry adapts to meet the demands of a changing market and global consumer preferences.

How is this Rubber Industry segmented?

The rubber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD MT' for the period 2023-2027, as well as historical data from 2017-2021 for the following segments.

Application

  Tires
  Non-tires


Type

  Synthetic rubber
  Natural rubber
  Reclaimed Rubber


End-use Industry

  Automotive
  Construction
  Consumer Goods


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 Application Insights

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

The rubber industry encompasses various applications, from manufacturing automotive parts and tires to producing industrial products, coatings, and medical devices. Innovations in rubber technology have led to advancements in quality control, ensuring the production of superior rubber goods. Rubber boots, gloves, mats, and flooring are essential consumer items, while industrial applications include rubber springs, cords, and vibration dampeners. Sustainability is a key focus, with research into sustainable rubber production, recycling, and bio-based alternatives gaining momentum. Carbon black, adhesives, and testing are integral components of the rubber industry, ensuring product durability and safety.

The rubber industry's growth is driven by the automotive sector, with increasing demand for rubber parts in vehicles. Rubber compounds, such as natural and synthetic rubber, are used extensively in aerospace, roofing, insulation, and other industries. Research and development continue to drive innovation, with a focus on improving rubber's performance, durability, and sustainability.

In 2021, the number of employees in the synthetic rubber in primary forms manufacturing industry in Germany decreased by 514 employees (-17.26 percent) since 2020. Nevertheless, the last two years in this industry recorded a significant higher number of employees than the preceding years.Number of employees is defined as those persons who work for an employer and who have a contract of employment and receive compensation in the form of wages, salaries, fees, gratuities, piecework pay or remuneration in kind. A worker from an employment agency is considered to be an employee of that temporary employment agency and not of the unit (customer) in which they work.Find more statistics on the synthetic rubber in primary forms manufacturing industry in Germany with key insights such as number of enterprises, turnover, production value, and personnel costs.

The global natural rubber market is experiencing robust growth, driven by the increasing demand from the tire industry, particularly in developing economies with expanding vehicle populations. The market's steady expansion is further fueled by the rising adoption of natural rubber in various applications beyond tires, including medical devices, adhesives, and industrial products. Technological advancements focused on improving natural rubber's properties, such as enhancing its durability and resistance to degradation, are contributing to its wider adoption across sectors. However, fluctuating latex prices, influenced by weather patterns and global supply chain disruptions, present a significant challenge to market stability. Furthermore, the growing popularity of synthetic rubber, which offers cost advantages in some applications, poses a competitive threat to natural rubber. Despite these challenges, the market is projected to maintain a healthy compound annual growth rate (CAGR) over the forecast period (2025-2033), driven primarily by long-term growth in automotive production, particularly in Asia-Pacific and emerging markets. Regional variations in market growth are notable. Asia-Pacific, particularly Southeast Asia, remains the dominant region due to its significant production capacity and substantial consumption within its expanding industrial sectors. North America and Europe contribute significantly to the market demand, although their growth rates are anticipated to be slightly lower than Asia-Pacific. The Middle East and Africa region exhibits promising growth potential, primarily linked to increasing infrastructure development and automotive sales. Detailed regional breakdowns and analysis would highlight specific market drivers within each region, including government policies promoting sustainable rubber production, and consumer preferences influencing the demand for specific rubber products. Competitive analysis focusing on key players such as Bridgestone, Michelin, and others emphasizes strategic initiatives for expansion, technological innovation, and market consolidation. The competitive landscape is dynamic and influenced by factors including vertical integration, strategic partnerships, and mergers and acquisitions.

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Overview of the global natural rubber market

The recovery of natural rubber prices results from various factors such as the betterment in prices of commodities and trends in the crude oil market. For instance, the decision to cut the supply of crude oil by the organization of the petroleum exporting countries (OPEC) resulted in an increased in crude oil prices. This in turn, influenced the prices of synthetic rubber and inflated the cost of production of synthetic rubber goods. As a result, various manufacturers inclined towards the adoption of cost-effective natural rubber goods. Research analysis on the global natural rubber market identifies that the rebound of rubber prices will be one of the major factors that will have a positive impact on the growth of the market. Furthermore, the rapid depreciation of China’s yuan renminbi and Japan’s yen also aided in the recovery of natural rubber price. Technavio’s natural rubber market forecasts that this market will grow at a CAGR of more than 4% by 2021.

Hevea brasiliensis is used to derive natural rubber. However, since it is critical to rely on one plant, the major players are focusing on alternate sources of natural rubber and have identified a perennial shrub called guayule. Guayule is found in the southwestern US and northern Mexico and mainly grows in arid zones. The demand for guayule shrubs is increasing because their cultivation requires less time when compared to para rubber trees. According to our analysts, the growing popularity of guayule-derived natural rubber materials will be one of the key natural rubber market trends that will gain traction in the market throughout the predicted period.

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Competitive landscape and key vendors

The natural rubber market is characterized by the presence of several established and regional players. The major natural rubber manufacturers are focusing on launching innovative rubber products to improve their product portfolio. They are also heavily investing in research and developmental activities to produce new variants and new products. The natural rubber manufacturers are also adopting strategic alliances and mergers and acquisitions due to the increasing demand for natural rubber.

Key vendors in this market are -

• Bridgestone
• MICHELIN
• SINOCHEM GROUP
• Sri Trang Agro-Industry
• VON BUNDIT

Explore the Synthetic Rubber Manufacturing Plant Project Report 2025 by Procurement Resource. Stay updated on Synthetic Rubber manufacturing cost analysis, procurement insights, ROI, and market evaluation.

As of April 2022, the price per kilogram of rubber at the Tokyo Commodity Exchange in Japan amounted to approximately ***** U.S. cents. The price decreased compared to ***** cents in April of the previous year.

 Influences on the rubber price in Japan At the beginning of 2020, manufacturing ceased worldwide due to the global COVID-19 pandemic. When production resumed, the demand for raw materials such as rubber increased, and the rubber price rose as well. At the end of 2021 and beginning of 2022 the rubber price peaked due to concerns of a rubber shortage as a result of the pandemic. Other factors that kept rubber prices up were supply chain disruptions and labor shortages in rubber-producing countries due to the pandemic. Furthermore, the demand for rubber increased as rubber products such as rubber gloves were more needed.

Rubber industry in Japan Industrial supplies and vehicle tires represented major products manufactured by the rubber industry. Japan's rubber industry has a strong position in automotive products since it is an important supplier of tires. Bridgestone ranked as the largest rubber company in Japan. In recent years, the Tokyo-based company was one of the largest global rubber tire producers, but it also produced a wide range of other rubber-based products such as rubber belts and hoses.