Synthetic Rubber Market Size 2026-2030
The synthetic rubber market size is valued to increase by USD 16.78 billion, at a CAGR of 6.3% from 2025 to 2030. Increasing demand for tires from rising sales of electric vehicles will drive the synthetic rubber market.
Major Market Trends & Insights
- APAC dominated the market and accounted for a 50.1% growth during the forecast period.
- By Form Factor - Solid segment was valued at USD 23.34 billion in 2024
- By Application - Tyre segment accounted for the largest market revenue share in 2024
Market Size & Forecast
- Market Opportunities: USD 29.30 billion
- Market Future Opportunities: USD 16.78 billion
- CAGR from 2025 to 2030 : 6.3%
Market Summary
- The synthetic rubber market is defined by continuous innovation in polymerization techniques to produce elastomers with enhanced chemical, thermal, and mechanical properties. These man-made materials, derived from petroleum-based monomers like styrene and butadiene, offer superior consistency and scalability compared to natural alternatives, making them vital for sectors such as automotive, industrial manufacturing, and construction.
- A primary driver is the automotive industry's shift toward electric vehicles, which require high-performance tyres with low rolling resistance and high durability to maximize battery range and safety. Concurrently, a significant trend is the push for sustainability, prompting the development of bio-based monomers and circular economy models for end-of-life recycling.
- For instance, a logistics firm might optimize its supply chain by sourcing partially bio-based synthetic rubbers, reducing its carbon footprint while ensuring its fleet's tires meet stringent performance and wear-resistance standards. However, the market faces challenges from the volatility of petrochemical feedstock prices and competition from alternative materials like polyurethanes in certain niche applications.
- Continuous research into advanced compounding and polymer blends is crucial for overcoming these hurdles and expanding the utility of synthetic rubber in next-generation products.
What will be the Size of the Synthetic Rubber Market during the forecast period?
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How is the Synthetic Rubber Market Segmented?
The synthetic rubber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2026-2030, as well as historical data from 2020-2024 for the following segments.
- Form factor
- Solid
- Liquid
- Application
- Tyre
- Automotive component
- Footwear
- Industrial goods
- Others
- Type
- Styrene butadiene rubber
- Polybutadiene rubber
- Nitrile rubber
- Butyl rubber
- Others
- Geography
- APAC
- China
- Japan
- India
- Europe
- Germany
- UK
- France
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of World (ROW)
- APAC
By Form Factor Insights
The solid segment is estimated to witness significant growth during the forecast period.
The solid segment maintains its market leadership, driven by the material's inherent mechanical strength and adaptability in demanding industrial environments.
Solid synthetic rubbers, including formulations based on styrene and butadiene, are crucial for heavy-duty engineering products, automotive components, and industrial goods where durability is paramount.
These elastomers, known for their superior thermal stability and abrasion resistance, are processed using advanced compounding and vulcanization. For instance, innovations in polymer compounding have resulted in materials that improve tread longevity by up to 15% in high-performance tyres.
The segment's strength is reinforced by its processability, allowing for the integration of plasticizers and curing agents to meet precise specifications for applications like industrial belts and specialty coatings.
The Solid segment was valued at USD 23.34 billion in 2024 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 50.1% 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.
See How Synthetic Rubber Market Demand is Rising in APAC Request Free Sample
The geographic landscape of the synthetic rubber market is led by the APAC region, which accounts for over 50% of the market's incremental growth, driven by rapid industrialization and a burgeoning automotive sector in countries like China and India.
This expansion fuels demand for high-performance materials such as styrene butadiene rubber for use in automotive components and footwear applications. The region’s focus on infrastructure supports the consumption of durable materials for industrial elastomer applications, including sealing systems.
European and North American markets are also significant, concentrating on innovation in next-generation tyres and sustainable mobility solutions.
Investment in new manufacturing facilities in APAC is projected to increase regional production capacity by over 20%, reinforcing its status as the central hub for both production and consumption.
Market Dynamics
Our researchers analyzed the data with 2025 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
- Strategic positioning in the synthetic rubber market increasingly hinges on specialized solutions tailored to high-value applications. The demand for synthetic rubber for electric vehicle tires is a primary example, where unique formulations are required to manage higher torque and battery weight while minimizing noise and rolling resistance.
- In parallel, the market for high-performance SBR for industrial applications continues to expand, driven by the need for materials with superior durability and chemical resistance in harsh environments. Key advancements in synthetic rubber compounding are enabling manufacturers to create custom elastomers that meet these precise needs.
- A crucial element of future growth involves sustainability, with a significant focus on bio-based elastomers in tire manufacturing to meet both regulatory mandates and consumer preferences for eco-friendly products. Firms leveraging these materials report a supply chain shift, with over 60% of new material sourcing now coming from renewable feedstock partners.
- This trend exists alongside the persistent challenge of polyurethane substitution in rubber applications, compelling producers to innovate continuously to defend their market share through superior performance and cost-effectiveness. Navigating this complex landscape requires a dual focus on technological innovation and sustainable practices.
What are the key market drivers leading to the rise in the adoption of Synthetic Rubber Industry?
- The increasing demand for tires, spurred by the rising sales of electric vehicles, serves as a key driver for the market.
- The market's primary driver is the surging demand from the automotive sector, particularly for EV components and next-generation tyres.
- The unique requirements of electric vehicles for materials that can handle high torque and reduce rolling resistance are accelerating the adoption of specialty elastomers. These advanced materials can improve EV battery range by as much as 7%.
- The development of high-performance tyres using cross-linking technologies ensures enhanced safety and durability. Growth in industrial sectors also fuels demand for vibration-damping mounts and other industrial goods, where materials offering superior performance are essential.
- This widespread adoption underscores the importance of synthetic rubber in creating energy-efficient and high-performing products across multiple industries, including footwear applications.
What are the market trends shaping the Synthetic Rubber Industry?
- A significant market trend is the increasing demand for high-performance and eco-friendly tires. This is driven by evolving consumer expectations and increasingly stringent regulatory standards.
- A dominant trend shaping the market is the accelerated shift toward high-performance and eco-friendly tires, driven by stringent regulations and consumer demand for sustainability. Innovations in tyre design now incorporate low-VOC compounds and recycled polymers, aligning with circular economy principles and green manufacturing goals. This has resulted in advanced products that enhance fuel efficiency by up to 10%.
- The use of partially bio-based synthetic rubbers and advanced tyre technologies is becoming standard in the production of lightweight, durable materials. Manufacturers are focusing on custom formulation and end-of-life recycling, improving both performance and environmental credentials. Such developments in isoprene and chloroprene based elastomers cater to the growing need for sustainable mobility solutions without compromising quality.
What challenges does the Synthetic Rubber Industry face during its growth?
- The replacement of rubber by polyurethanes in certain applications presents a key challenge to the industry's growth.
- A significant market challenge arises from material substitution, especially from polyurethanes, which offer competitive performance in specialty manufacturing and industrial goods. Polyurethane-based alternatives can provide a 20% longer operational life in certain high-abrasion applications, compelling synthetic rubber producers to innovate. Volatility in raw material sourcing for petrochemical feedstocks adds another layer of complexity, impacting production costs and price stability.
- In response, the industry is focusing on developing high-performance elastomers with enhanced properties and exploring energy-efficient production methods. Emphasizing the superior qualities of butyl rubber in applications requiring impermeability and flexibility helps mitigate substitution threats. Furthermore, the push toward more sustainable and cost-effective solutions remains a critical focus to maintain competitiveness.
Exclusive Technavio Analysis on Customer Landscape
The synthetic rubber market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the synthetic rubber market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Synthetic Rubber Industry
Competitive Landscape
Companies are implementing various strategies, such as strategic alliances, synthetic rubber market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Apcotex Industries Ltd. - Offerings include specialized elastomers such as butadiene and solution polymerization styrene-butadiene rubbers, catering to high-performance material and industrial sectors.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Apcotex Industries Ltd.
- ARLANXEO
- Asahi Kasei Corp.
- Bridgestone Corp.
- China National Petroleum Corp.
- China Petrochemical Corp.
- Continental AG
- Dow Chemical Co.
- ENEOS Materials Corp.
- Exxon Mobil Corp.
- G-3 Chickadee Purchaser LLC
- Hankook Tire and Technology Co
- Kumho Petrochemical Co. Ltd.
- Lanxess AG
- LG Chem Ltd.
- Michelin Group
- Sumitomo Chemical Co. Ltd.
- Synthos SA
- TSRC Corp.
- Zeon Corp.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Synthetic rubber market
- In August 2024, Sumitomo Rubber Industries launched a high-performance solid SBR compound for tyre treads, designed to improve wear resistance and rolling efficiency for next-generation vehicles.
- In November 2024, Lanxess AG introduced a pilot line for customizable solid BR compounds, targeting high-performance tyres and advanced vibration-damping components for automotive OEMs.
- In January 2025, Michelin Group announced the trial production of solid SBR blends that incorporate renewable feedstocks, aiming to reduce the carbon footprint of its tyres without compromising mechanical performance.
- In March 2025, ARLANXEO expanded its solid EPDM production capacity to meet escalating demand for high-quality sealing systems, hoses, and gaskets in the construction and industrial sectors.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Synthetic Rubber Market insights. See full methodology.
| Market Scope | |
|---|---|
| Page number | 304 |
| Base year | 2025 |
| Historic period | 2020-2024 |
| Forecast period | 2026-2030 |
| Growth momentum & CAGR | Accelerate at a CAGR of 6.3% |
| Market growth 2026-2030 | USD 16783.7 million |
| Market structure | Fragmented |
| YoY growth 2025-2026(%) | 5.9% |
| Key countries | China, Japan, India, South Korea, Australia, Indonesia, Germany, UK, France, Italy, Spain, The Netherlands, US, Canada, Mexico, Brazil, Argentina, Chile, Saudi Arabia, UAE, South Africa, Israel and Turkey |
| Competitive landscape | Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Research Analyst Overview
- The synthetic rubber market is undergoing a significant transformation driven by advanced polymerization techniques and a strategic pivot toward high-value applications. The industry's evolution is marked by the development of sophisticated elastomers, including solution polymerization styrene butadiene rubber, polybutadiene rubber, and nitrile rubber, which offer superior thermal stability, chemical resistance, and mechanical strength.
- This innovation is critical in meeting the demanding specifications for applications requiring exceptional wet grip and tread longevity. A key boardroom consideration is aligning product strategy with global sustainability mandates through the adoption of bio-based monomers and recycled polymers. The integration of advanced compounding and polymer blends not only enhances performance metrics like abrasion resistance but also addresses environmental concerns.
- For instance, the adoption of new vulcanization processes has led to a 20% reduction in energy consumption for some manufacturers. Success depends on mastering the complexities of petrochemical feedstocks, monomers like butadiene and styrene, and the precise use of curing agents to create materials such as low-resistance and high-durability elastomers.
What are the Key Data Covered in this Synthetic Rubber Market Research and Growth Report?
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What is the expected growth of the Synthetic Rubber Market between 2026 and 2030?
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USD 16.78 billion, at a CAGR of 6.3%
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What segmentation does the market report cover?
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The report is segmented by Form Factor (Solid, and Liquid), Application (Tyre, Automotive component, Footwear, Industrial goods, and Others), Type (Styrene butadiene rubber, Polybutadiene rubber, Nitrile rubber, Butyl rubber, and Others) and Geography (APAC, Europe, North America, South America, Middle East and Africa)
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Which regions are analyzed in the report?
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APAC, Europe, North America, South America and Middle East and Africa
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What are the key growth drivers and market challenges?
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Increasing demand for tires from rising sales of electric vehicles, Replacement of rubber by polyurethanes in some applications
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Who are the major players in the Synthetic Rubber Market?
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Apcotex Industries Ltd., ARLANXEO, Asahi Kasei Corp., Bridgestone Corp., China National Petroleum Corp., China Petrochemical Corp., Continental AG, Dow Chemical Co., ENEOS Materials Corp., Exxon Mobil Corp., G-3 Chickadee Purchaser LLC, Hankook Tire and Technology Co, Kumho Petrochemical Co. Ltd., Lanxess AG, LG Chem Ltd., Michelin Group, Sumitomo Chemical Co. Ltd., Synthos SA, TSRC Corp. and Zeon Corp.
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Market Research Insights
- The synthetic rubber market is shaped by a dynamic interplay of innovation and demand, particularly in high-performance materials and sustainable mobility solutions. The adoption of advanced tyre technologies is driving significant performance gains, with new formulations reducing rolling resistance by up to 15%, directly enhancing fuel efficiency in conventional vehicles and extending range in EVs.
- Furthermore, a focus on green manufacturing and energy-efficient production has led to custom formulation processes that lower VOC emissions by over 30%, aligning with stringent environmental regulations. In specialty manufacturing, the development of durable materials and oil-resistant seals has improved equipment lifespan, contributing to more reliable industrial operations.
- This evolution underscores a strategic shift toward value-added solutions that balance performance, sustainability, and cost-effectiveness across the value chain, from raw material sourcing to end-of-life recycling.
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