Global Synthetic Rubber Market 2024-2028

The synthetic rubber market is forecasted to grow by USD 14223.6 mn during 2023-2028, accelerating at a CAGR of 5.96% during the forecast period. The report on the synthetic rubber market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for tires from rising sales of electric vehicles, increasing demand for synthetic rubber from end-user industries, and advancements in technology and innovations in synthetic rubber production.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.54%
CAGR	5.96%
Incremental Value	$14223.6 mn

Technavio's synthetic rubber market is segmented as below:

By Type

Solid
Liquid

By Application

Tyre
Automotive component
Footwear
Industrial goods
Others

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the growing demand for high-performance and eco-friendly tires as one of the prime reasons driving the synthetic rubber market growth during the next few years. Also, favorable government regulations for rubber usage and increase in need for elastically malleable technical products will lead to sizable demand in the market.

The report on the synthetic rubber market covers the following areas:

Synthetic rubber market sizing
Synthetic rubber market forecast
Synthetic rubber market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading synthetic rubber market vendors that include Asahi Kasei Corp., Bridgestone Corp., China Petrochemical Corp., Dow Inc., Eni SpA, Exxon Mobil Corp., JSR Corp., Kumho Tire Co. Inc., Lanxess AG, LG Electronics Inc., Michelin Group, Reliance Industries Ltd., Saudi Arabian Oil Co., Saudi Basic Industries Corp., Southland Holdings Inc., Sri Trang Agro Industry Plc, Sumitomo Chemical Co. Ltd., Synthos SA, Ube Corp., and Von Bundit Co. Ltd.. Also, the synthetic rubber market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR76201

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Synthetic Rubber Market 2018 - 2022
- Historic Market Size - Data Table on Global Synthetic Rubber Market 2018 - 2022 ($ million)
4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
6.3 Solid - Market size and forecast 2023-2028
- Chart on Solid - Market size and forecast 2023-2028 ($ million)
- Data Table on Solid - Market size and forecast 2023-2028 ($ million)
- Chart on Solid - Year-over-year growth 2023-2028 (%)
- Data Table on Solid - Year-over-year growth 2023-2028 (%)
6.4 Liquid - Market size and forecast 2023-2028
- Chart on Liquid - Market size and forecast 2023-2028 ($ million)
- Data Table on Liquid - Market size and forecast 2023-2028 ($ million)
- Chart on Liquid - Year-over-year growth 2023-2028 (%)
- Data Table on Liquid - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

7.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
7.3 Tyre - Market size and forecast 2023-2028
- Chart on Tyre - Market size and forecast 2023-2028 ($ million)
- Data Table on Tyre - Market size and forecast 2023-2028 ($ million)
- Chart on Tyre - Year-over-year growth 2023-2028 (%)
- Data Table on Tyre - Year-over-year growth 2023-2028 (%)
7.4 Automotive component - Market size and forecast 2023-2028
- Chart on Automotive component - Market size and forecast 2023-2028 ($ million)
- Data Table on Automotive component - Market size and forecast 2023-2028 ($ million)
- Chart on Automotive component - Year-over-year growth 2023-2028 (%)
- Data Table on Automotive component - Year-over-year growth 2023-2028 (%)
7.5 Footwear - Market size and forecast 2023-2028
- Chart on Footwear - Market size and forecast 2023-2028 ($ million)
- Data Table on Footwear - Market size and forecast 2023-2028 ($ million)
- Chart on Footwear - Year-over-year growth 2023-2028 (%)
- Data Table on Footwear - Year-over-year growth 2023-2028 (%)
7.6 Industrial goods - Market size and forecast 2023-2028
- Chart on Industrial goods - Market size and forecast 2023-2028 ($ million)
- Data Table on Industrial goods - Market size and forecast 2023-2028 ($ million)
- Chart on Industrial goods - Year-over-year growth 2023-2028 (%)
- Data Table on Industrial goods - Year-over-year growth 2023-2028 (%)
7.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Asahi Kasei Corp.
- Asahi Kasei Corp. - Overview
- Asahi Kasei Corp. - Business segments
- Asahi Kasei Corp. - Key news
- Asahi Kasei Corp. - Key offerings
- Asahi Kasei Corp. - Segment focus
12.4 Bridgestone Corp.
- Bridgestone Corp. - Overview
- Bridgestone Corp. - Business segments
- Bridgestone Corp. - Key news
- Bridgestone Corp. - Key offerings
- Bridgestone Corp. - Segment focus
12.5 China Petrochemical Corp.
- China Petrochemical Corp. - Overview
- China Petrochemical Corp. - Business segments
- China Petrochemical Corp. - Key offerings
- China Petrochemical Corp. - Segment focus
12.6 Dow Inc.
- Dow Inc. - Overview
- Dow Inc. - Business segments
- Dow Inc. - Key news
- Dow Inc. - Key offerings
- Dow Inc. - Segment focus
12.7 Exxon Mobil Corp.
- Exxon Mobil Corp. - Overview
- Exxon Mobil Corp. - Business segments
- Exxon Mobil Corp. - Key news
- Exxon Mobil Corp. - Key offerings
- Exxon Mobil Corp. - Segment focus
12.8 JSR Corp.
- JSR Corp. - Overview
- JSR Corp. - Business segments
- JSR Corp. - Key offerings
- JSR Corp. - Segment focus
12.9 Lanxess AG
- Lanxess AG - Overview
- Lanxess AG - Business segments
- Lanxess AG - Key news
- Lanxess AG - Key offerings
- Lanxess AG - Segment focus
12.10 LG Electronics Inc.
- LG Electronics Inc. - Overview
- LG Electronics Inc. - Product / Service
- LG Electronics Inc. - Key offerings
12.11 Michelin Group
- Michelin Group - Overview
- Michelin Group - Business segments
- Michelin Group - Key offerings
- Michelin Group - Segment focus
12.12 Reliance Industries Ltd.
- Reliance Industries Ltd. - Overview
- Reliance Industries Ltd. - Business segments
- Reliance Industries Ltd. - Key news
- Reliance Industries Ltd. - Key offerings
- Reliance Industries Ltd. - Segment focus
12.13 Saudi Arabian Oil Co.
- Saudi Arabian Oil Co. - Overview
- Saudi Arabian Oil Co. - Product / Service
- Saudi Arabian Oil Co. - Key offerings
12.14 Saudi Basic Industries Corp.
- Saudi Basic Industries Corp. - Overview
- Saudi Basic Industries Corp. - Business segments
- Saudi Basic Industries Corp. - Key offerings
- Saudi Basic Industries Corp. - Segment focus
12.15 Sumitomo Chemical Co. Ltd.
- Sumitomo Chemical Co. Ltd. - Overview
- Sumitomo Chemical Co. Ltd. - Business segments
- Sumitomo Chemical Co. Ltd. - Key offerings
- Sumitomo Chemical Co. Ltd. - Segment focus
12.16 Synthos SA
- Synthos SA - Overview
- Synthos SA - Product / Service
- Synthos SA - Key offerings
12.17 Ube Corp.
- Ube Corp. - Overview
- Ube Corp. - Business segments
- Ube Corp. - Key offerings
- Ube Corp. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations