Global Synthetic Rubber Market 2017-2021
- Published: Nov 2017
- Pages: 85
- SKU: IRTNTR15415
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This market research study identifies Asahi Kasei Corporation, Bridgestone, ExxonMobil, LANXESS, and MICHELIN as the leading players in the global synthetic rubber market. A comprehensive analysis of this market is also presented by product (SBR, BR, SBC, EPDM, NBR, and others), by application (tire and non-tire), and by geography (the Americas, APAC, and EMEA).
Overview of the global synthetic rubber market
Technavio’s synthetic rubber market forecast identifies that the increasing demand for styrene butadiene rubber (SBR) will be one of the primary factors driving the synthetic rubber market growth till 2021. During 2016, the SBR segment accounted for around 80% of the total demand. This drives its adoption rate in the tire industry. The application of SBR will further increase as it is extensively used in various applications such as non-tire automotive applications, industrial hoses, conveyor belts, several molded and extruded rubber products, footwear, and other consumer finished products. They are also used in the cable industry as some of the grades of SBR rubber are highly waterproof and impurity-resistant. A large number of synthetic rubber manufacturers are using SBR due to the need for high-performance tires. Our synthetic rubber market outlook predicts that this market will grow at a CAGR of more than 5% by 2021.
The automotive industry is witnessing growth in countries such as South Korea, Japan, China, and India. The synthetic rubber market highly relies on the automotive industry. This in turn, will positively impact the growth of the artificial rubber market in APAC during the predicted period. The growth of the synthetic rubber market will continue to increase in this region during the coming years due to the expansion of western manufacturers in the emerging economies, especially India and China.
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- Identify latent opportunities and explorative solutions in the synthetic rubber market
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Competitive landscape and key vendors
The synthetic rubber market is characterized by the presence of a large number of established and regional players. The fluctuations in raw material prices and issues related to the sourcing of raw materials will be the major challenges faced by the players in these market space. To develop new products, the major players are increasing their investments in R&D. This will in turn, intensify the level of competition among the players in the artificial rubber market.
Key vendors in this market are -
- Asahi Kasei Corporation
- Bridgestone
- ExxonMobil
- LANXESS
- MICHELIN
Other prominent vendors in the market include China National Petroleum Corporation, China Petroleum & Chemical Corporation, Denka Company, DowDuPont, Grupo Dynasol, JSR, KUMHO PETROCHEMICAL, LCY GROUP, Reliance Industries, SABIC, Sumitomo Chemical, The Goodyear Tire & Rubber Company, TSRC, UBE INDUSTRIES, and Versalis.
Segmentation by product and analysis of the synthetic rubber market
- Styrene butadiene rubber (SBR)
- Butadiene rubber (BR)
- Styrene block copolymer (SBC)
- Ethylene propylenediene rubber (EPDM)
- Nitrile rubber (NBR)
The adoption of SBR is high because it exhibits an enhanced abrasion resistance, high heat durability, and better processability. The synthetic rubber market will continue to grow in the SBR segment throughout the projected period owing to the high uilizatiion of SBR in the production of footwear, automobile tires, conveyor belts, adhesives, gaskets, and hoses.
Segmentation by application and analysis of the synthetic rubber market
- Tire
- Non-tire
The increasing rate of production of automobile vehicles is driving the growth prospects for the tire segment. The tire industry across the globe uses around 60% of the synthetic rubber. This synthetic rubber is synthesized from petroleum-derived hydrocarbons. They are extensively used in the manufacturing of high-grip tires as they can deform under pressure and return to their original shape on the removal of stress.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global synthetic rubber market?
- What are the key market trends impacting the growth of the global synthetic rubber market?
- What are the challenges to market growth?
- Who are the key vendors in the global synthetic rubber market?
- What are the market opportunities and threats faced by the vendors in the global synthetic rubber market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global synthetic rubber market?
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
- Market outline
PART 05: MARKET LANDSCAPE
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: MARKET SEGMENTATION BY PRODUCT
- Global synthetic rubber market by product
- Global synthetic rubber market by SBR
- Global synthetic rubber market by BR
- Global synthetic rubber market by SBC
- Global synthetic rubber market by EPDM
- Global synthetic rubber market by NBR
- Global synthetic rubber market by others
PART 07: MARKET SEGMENTATION BY APPLICATION
- Global synthetic rubber market by application
- Global synthetic rubber market by tire segment
- Global synthetic rubber market by non-tire segment
PART 08: REGIONAL LANDSCAPE
- Regional comparison
- APAC – Market size and forecast
- EMEA – Market size and forecast
- Americas – Market size and forecast
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Rising acceptance for green tires
- Growing demand for bio-based feedstock
PART 12: VENDOR LANDSCAPE
- Competitive scenario
- Key market vendors
PART 13: VENDOR LANDSCAPE
- Other prominent vendors
PART 14: KEY VENDOR ANALYSIS
- Asahi Kasei Corporation
- Bridgestone
- ExxonMobil
- LANXESS
- MICHELIN
PART 15: APPENDIX
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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