Synthetic Rubber Market Size, Share and Forecast (2019-2026)

SKU: DPC444 | Last Updated On: 2019-09-06 | No. of Pages: 224 | Available Formats

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In April 2019, A new type of synthetic rubber has been developed by researchers at the Fraunhofer Institute that is said to be 30-50% less abrasive than natural rubber.

Market Overview

Synthetic rubber, like natural rubber, has uses in the automotive industry for tires, door and window profiles, hoses, belts, matting, and flooring Synthetic rubber, like other polymers, is made from various petroleum-based monomers. It is any artificial elastomer. About fifteen billion kilograms (thirty-three billion pounds) of rubbers are produced annually, and of that amount two-thirds are synthetic. By application, the synthetic rubber market is segmented into footwear, industrial, automotive, construction and others. Others include electrical & electronics and healthcare.

 

The global Synthetic Rubber market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Global Synthetic Rubber Market Value (USD Million), 2018-2026

Market Dynamics

Rising demand from the automotive industry especially from tires is the major driver for market growth worldwide. Unlike in the case of bus and truck radial tyres, the percentage of SR used is higher in passenger car radials for speed and performance. Styrene butadiene (SBR) and poly butadiene are the chief forms of SR used by the rubber industry. Growing sales of passenger cars in recent years have led to increased use of SR by the tyre industry worldwide. The production of synthetic rubber in China has reached 5,787,000 tons in 2017 which holds a major share worldwide, but still, to meet its domestic demand, China has to import millions of tons of synthetic rubber every year.

 

Adding to this, synthetic rubber is used a great deal in printing on textiles, in which case it is called rubber paste. In most cases, titanium dioxide is used with copolymerization and volatile matter in producing such synthetic rubber for textile use. Moreover, this kind of preparation can be considered to be pigment preparation based on titanium dioxide.

 

Environmental regulation and health hazards in the synthetic rubber manufacturing industry are the major restraints hindering the growth of the market.

 

Segment Analysis

On the basis of type, the market is classified into polybutadiene rubber (BR), ethylene propylene diene monomer (EPDM), styrene butadiene rubber (SBR), butyl rubber (IIR), styrenic block copolymer (SBC), nitrile butadiene rubber (NBR) and others. Others include Polyisoprene Rubber and Polychloroprene Rubber.

Global Synthetic Rubber Market Share, By Type, 2018 (%)

By application, the synthetic rubber market is segmented into footwear, industrial, automotive, construction and others. Others include electrical & electronics and healthcare. The global synthetic rubber market size by application was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

 

In automotive, the two main synthetic rubber polymers used in tire manufacturing are butadiene rubber and styrene butadiene rubber. Physical and chemical properties of these rubber polymers determine the performance of each component in the tire as well as the overall tire performance like rolling resistance, wear, and traction. Researchers are focusing on formulating a new synthetic rubber. For instance, In April 2019, A new type of synthetic rubber has been developed by researchers at the Fraunhofer Institute that is said to be 30-50% less abrasive than natural rubber.

 

Geographical Analysis

The Asia Pacific synthetic rubber market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Asia Pacific is expected to grow with a high CAGR rate over the forecast period due to rapid industrialization and increasing demand from end-users especially in the automotive tire industry. China and India are expected to hold major market share in terms of production, exports, import and consumers of synthetic rubber in the Asia Pacific. Manufacturers are focusing to invest in synthetic rubbers due to huge demand from automobile sector.

 

Indian companies are investing in synthetic rubber, building on the recently added capacity of about 270,000 tonnes a year. ISRPL began a 120,000 t/y. Emulsion Styrene Butadiene Rubber (ESBR) which is specifically used for making tires from early 2015. In 2016, the Reliance Group started a 150,000 ESBR plant. The combined output from the two companies approximately covers 270,000 t/y ESBR demand.

Global Synthetic Rubber Market Share (%), By Geography, 2018

Competitive Landscape

The Synthetic Rubber market is competitive with existing players in the market.

 

Some of the major players include Kumho Petrochemical, JSR Corporation, LANXESS, Sinopec, ZEON Corporation, Nizhnekamskneftekhim, LG Chem, TSRC Corporation, The Goodyear Tire and Rubber Company and Versalis S.P.A.

 

The key players are adopting various key strategies such as product launches, collaborations, mergers & acquisitions which are contributing to the growth of the Synthetic Rubber Market.

 

In June 2019, China’s Commerce Ministry has announced that it is launching an anti-dumping investigation import of a synthetic rubber product from the United States, South Korea, and the European Union following a request from major petrochemical producers.

 

In May 2018, ARLANXEO, a leading synthetic elastomers company has signed an agreement with Saudi Aramco Products Trading Company, headquartered in Dhahran, the Kingdom of Saudi Arabia, pertaining to the marketing and sales of EPDM (Ethylene Propylene Diene Monomer) rubber.

 

Why Purchase the Report?

  • Visualize the composition of the synthetic rubber in terms of various types of applications and their types highlighting the key commercial assets and players.
  • Identify commercial opportunities in the synthetic rubber market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the synthetic rubber market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

 

The Synthetic Rubber report would provide access to an approx., 53 data tables, 48 figures, and 180 pages.

 

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Competitive Landscape

    The Synthetic Rubber market is competitive with existing players in the market.

    Some of the major players include Kumho Petrochemical, JSR Corporation, LANXESS, Sinopec, ZEON Corporation, Nizhnekamskneftekhim, LG Chem, TSRC Corporation, The Goodyear Tire and Rubber Company and Versalis S.P.A.

    The key players are adopting various key strategies such as product launches, collaborations, mergers & acquisitions which are contributing to the growth of the Synthetic Rubber Market.

    In June 2019, China’s Commerce Ministry has announced that it is launching an anti-dumping investigation import of a synthetic rubber product from the United States, South Korea, and the European Union following a request from major petrochemical producers.

    In May 2018, ARLANXEO, a leading synthetic elastomers company has signed an agreement with Saudi Aramco Products Trading Company, headquartered in Dhahran, the Kingdom of Saudi Arabia, pertaining to the marketing and sales of EPDM (Ethylene Propylene Diene Monomer) rubber.

    Why Purchase the Report?

  • Visualize the composition of the synthetic rubber in terms of various types of applications and their types highlighting the key commercial assets and players.
  • Identify commercial opportunities in the synthetic rubber market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the synthetic rubber market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players
  • The Synthetic Rubber report would provide access to an approx., 53 data tables, 48 figures, and 180 pages.

    Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
  1. Synthetic Rubber Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Synthetic Rubber Market – Market Definition and Overview

  3. Synthetic Rubber Market – Executive Summary

    1. Market Snippet by Application
    2. Market Snippet by Type
    3. Market Snippet by Region
  4. Synthetic Rubber Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Rising demand from the tire industry
      2. Restraints
        1. Environmental regulation and health hazards in the synthetic rubber manufacturing industry
      3. Opportunity
      4. Impact Analysis
  5. Synthetic Rubber Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Regulatory Analysis
    3. Supply Chain Analysis
    4. Pricing Analysis
  6. Synthetic Rubber Market – By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Footwear*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Industrial
    4. Automotive
    5. Construction
    6. Others (Electrical & Electronics, Healthcare)
  7. Synthetic Rubber Market – By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Polybutadiene Rubber (BR)*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Ethylene Propylene Diene Monomer (EPDM)
    4. Styrene Butadiene Rubber (SBR)
    5. Butyl Rubber (IIR)
    6. Styrenic Block Copolymer (SBC)
    7. Nitrile Butadiene Rubber (NBR)
    8. Others (Polyisoprene Rubber, Polychloroprene Rubber)
  8. Synthetic Rubber Market - By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
  9. Synthetic Rubber Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. Synthetic Rubber Market Company Profiles

    1. Kumho Petrochemical*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. JSR Corporation
    3. LANXESS
    4. Sinopec
    5. ZEON Corporation
    6. Nizhnekamskneftekhim
    7. LG Chem
    8. TSRC Corporation
    9. The Goodyear Tire and Rubber Company
    10. Versalis S.P.A (*List not exhaustive)
  11. Synthetic Rubber Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

LIST OF TABLES:
Table 01 Global Synthetic Rubber Market Value, By Application, 2018,2022 & 2026 (USD Million)
Table 02 Global Synthetic Rubber Market Value, By Type, 2018,2022 & 2026 (USD Million)
Table 03 Global Synthetic Rubber Market Value, By Region, 2018,2022 & 2026 (USD Million)
Table 04 Global Synthetic Rubber Market Value, By Application, 2018,2022 & 2026 (USD Million)
Table 05 Global Synthetic Rubber Market Value, By Application, 2017-2026 (USD Million)
Table 06 Global Synthetic Rubber Market Value, By Type, 2018,2022 & 2026 (USD Million)
Table 07 Global Synthetic Rubber Market Value, By Type, 2017-2026 (USD Million)
Table 08 Global Synthetic Rubber Market Value, By Region, 2018,2022 & 2026 (USD Million)
Table 09 Global Synthetic Rubber Market Value, By Region, 2017-2026 (USD Million)
Table 10 North America Synthetic Rubber Market Value, By Application, 2017-2026 (USD Million)
Table 11 North America Synthetic Rubber Market Value, By Type, 2017-2026 (USD Million)
Table 12 North America Synthetic Rubber Market Value, By Country, 2017-2026 (USD Million)
Table 13 South America Synthetic Rubber Market Value, By Application, 2017-2026 (USD Million)
Table 14 South America Synthetic Rubber Market Value, By Type, 2017-2026 (USD Million)
Table 15 South America Synthetic Rubber Market Value, By Country, 2017-2026 (USD Million)
Table 16 Europe Synthetic Rubber Market Value, By Application, 2017-2026 (USD Million)
Table 17 Europe Synthetic Rubber Market Value, By Type, 2017-2026 (USD Million)
Table 18 Europe Synthetic Rubber Market Value, By Country, 2017-2026 (USD Million)
Table 19 Asia-Pacific Synthetic Rubber Market Value, By Application, 2017-2026 (USD Million)
Table 20 Asia-Pacific Synthetic Rubber Market Value, By Type, 2017-2026 (USD Million)
Table 21 Asia-Pacific Synthetic Rubber Market Value, By Country, 2017-2026 (USD Million)
Table 22 Middle East & Africa Synthetic Rubber Market Value, By Application, 2017-2026 (USD Million)
Table 23 Middle East & Africa Synthetic Rubber Market Value, By Type, 2017-2026 (USD Million)
Table 24 Kumho Petrochemical: Overview
Table 25 Kumho Petrochemical: Product Portfolio
Table 26 Kumho Petrochemical: Key Developments
Table 27 JSR Corporation: Overview
Table 28 JSR Corporation: Product Portfolio
Table 29 JSR Corporation: Key Developments
Table 30 LANXESS: Overview
Table 31 LANXESS: Product Portfolio
Table 32 LANXESS: Key Developments
Table 33 Sinopec: Overview
Table 34 Sinopec: Product Portfolio
Table 35 Sinopec: Key Developments
Table 36 ZEON Corporation: Overview
Table 37 ZEON Corporation: Product Portfolio
Table 38 ZEON Corporation: Key Developments
Table 39 Nizhnekamskneftekhim: Overview
Table 40 Nizhnekamskneftekhim: Product Portfolio
Table 41 Nizhnekamskneftekhim: Key Developments
Table 42 LG Chem: Overview
Table 43 LG Chem: Product Portfolio
Table 44 LG Chem: Key Developments
Table 45 TSRC Corporation: Overview
Table 46 TSRC Corporation: Product Portfolio
Table 47 TSRC Corporation: Key Developments
Table 48 The Goodyear Tire and Rubber Company: Overview
Table 49 The Goodyear Tire and Rubber Company: Product Portfolio
Table 50 The Goodyear Tire and Rubber Company: Key Developments
Table 51 Versalis S.P.A: Overview
Table 52 Versalis S.P.A: Product Portfolio
Table 53 Versalis S.P.A: Key Developments

LIST OF FIGURES:
Figure 01 Global Synthetic Rubber Market Share, By Application, 2018 & 2026 (%)
Figure 02 Global Synthetic Rubber Market Share, By Type, 2018 & 2026 (%)
Figure 03 Global Synthetic Rubber Market Share, By Region, 2018 & 2026 (%)
Figure 04 Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 05 Global Synthetic Rubber Market Y-o-Y Growth, By Application, 2018-2026 (%)
Figure 06 Footwear: Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 07 Industrial: Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 08 Automotive: Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 09 Construction: Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 10 Others: Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 11 Global Synthetic Rubber Market Y-o-Y Growth, By Type, 2018-2026 (%)
Figure 12 Polybutadiene Rubber (BR): Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 13 Ethylene Propylene Diene Monomer (EPDM): Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 14 Styrene Butadiene Rubber (SBR): Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 15 Butyl Rubber (IIR): Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 16 Styrenic Block Copolymer (SBC): Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 17 Nitrile Butadiene Rubber (NBR): Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 18 Others: Global Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 19 Global Synthetic Rubber Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 20 North America Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 21 North America Synthetic Rubber Market Share, By Application, 2018 & 2026 (%)
Figure 22 North America Synthetic Rubber Market Share, By Type, 2018 & 2026 (%)
Figure 23 North America Synthetic Rubber Market Share, By Country, 2018 & 2026 (%)
Figure 24 South America Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 25 South America Synthetic Rubber Market Share, By Application, 2018 & 2026 (%)
Figure 26 South America Synthetic Rubber Market Share, By Type, 2018 & 2026 (%)
Figure 27 South America Synthetic Rubber Market Share, By Country, 2018 & 2026 (%)
Figure 28 Europe Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 29 Europe Synthetic Rubber Market Share, By Application, 2018 & 2026 (%)
Figure 30 Europe Synthetic Rubber Market Share, By Type, 2018 & 2026 (%)
Figure 31 Europe Synthetic Rubber Market Share, By Country, 2018 & 2026 (%)
Figure 32 Asia-Pacific Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 33 Asia-Pacific Synthetic Rubber Market Share, By Application, 2018 & 2026 (%)
Figure 34 Asia-Pacific Synthetic Rubber Market Share, By Type, 2018 & 2026 (%)
Figure 35 Asia-Pacific Synthetic Rubber Market Share, By Country, 2018 & 2026 (%)
Figure 36 Middle East & Africa Synthetic Rubber Market Value, 2017-2026 (USD Million)
Figure 37 Middle East & Africa Synthetic Rubber Market Share, By Application, 2018 & 2026 (%)
Figure 38 Middle East & Africa Synthetic Rubber Market Share, By Type, 2018 & 2026 (%)
Figure 39 Kumho Petrochemical: Financials
Figure 40 JSR Corporation: Financials
Figure 41 LANXESS: Financials
Figure 42 Sinopec: Financials
Figure 43 ZEON Corporation: Financials
Figure 44 Nizhnekamskneftekhim: Financials
Figure 45 LG Chem: Financials
Figure 46 TSRC Corporation: Financials
Figure 47 The Goodyear Tire and Rubber Company: Financials
Figure 48 Versalis S.P.A: Financials

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