Synthetic Rubber Market Size, Share & Industry Analysis, By Type (Styrene Butadiene Rubber, Nitrile Rubber, Polybutadiene Rubber, Butyl Rubber, and Others), By Application (Tire, Non-tire Automotive, Industrial Rubber Goods, Footwear, and Others), and Regional Forecast, 2026-2034

The global synthetic rubber market size was valued at USD 34.45 billion in 2025 and is projected to grow from USD 36.14 billion in 2026 to USD 53.02 billion by 2036, exhibiting a CAGR of 4.9% during the forecast period. Asia Pacific dominated the synthetic rubber market with a market share of 53.9% in 2025. Moreover, the synthetic rubber market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 6.52 billion by 2032, driven by the growing chemical industry, combined with rapid industrialization across the globe.

Synthetic rubber is a manmade rubber or artificial elastomer. It is synthesized using raw materials including coal, oil, natural gas, and acetylene. The product offers numerous advantageous properties, such as recyclability, higher tensile strength, and resistance to swelling and abrasion. The rising research and development and growing product advancement by several manufacturers in the rubber market will surge the product demand. The rapid growth rate in aerospace, automotive, and construction, coupled with the increasing rubber demand from the tire and electronic applications, will contribute to fueling the market growth during the forecast timeline.

The automotive industry has been severely affected by the COVID-19 pandemic. The movement of man and material alike has been impacted while the supply chain of synthetic rubber was restricted. Also, the pandemic caused the closure of assembly plants in the U.S., large-scale manufacturing interruptions across Europe, and Chinese parts exports. Moreover, after the early disturbances in supply and manufacturing, the automotive industry is undergoing a demand shock with an undefined recovery timeline due to shelter-in-place rules; however, governments in these countries are trying to bring their industries back on track resulting in the recovery of the automotive industry and the global market in the next couple of years.

GLOBAL SYNTHETIC RUBBER MARKET OVERVIEW

Market Size & Forecast:

• 2025 Market Size: USD 34.45 billion
• 2026 Market Size: USD 36.14 billion
• 2034 Forecast Market Size: USD 53.02 billion
• CAGR: 4.9% from 2026–2034

Market Share:

• Asia Pacific dominated the market in 2025 with a 53.9% share, rising from USD 18.58 billion in 2025 to USD 19.63 billion in 2026.
• By type, styrene butadiene rubber (SBR) led the market due to its cost-efficiency and versatility in tires, insulation, and cable applications.
• Polybutadiene rubber was the second-leading segment, primarily used in tire manufacturing.
• By application, the tire segment held the largest share, driven by booming automotive demand, followed by non-tire automotive and industrial rubber goods.
• The industrial rubber goods segment, including conveyor belts and gloves, is projected to hold a 6.2% share in 2023.
• In China, the non-tire automotive segment is expected to account for 11.7% of the market in 2023.

Key Country Highlights:

• China: Leads Asia Pacific with high production of tire and non-automotive synthetic rubber products.
• United States: Market projected to reach USD 6.52 billion by 2032, driven by a growing chemical sector and rapid industrialization.
• Germany & France (Europe): Significant demand due to the thriving automotive and hose/belt manufacturing sectors.
• India & Japan: Surge in construction and industrial manufacturing spurs synthetic rubber consumption.
• Middle East & Africa: Adoption rising in oil & gas industrial mats and seals.
• Latin America: Growth fueled by rising use of butyl rubber in footwear and molded rubber goods.

Synthetic Rubber Market Trends

Rising Demand for Manmade Rubber over Natural Rubber is a Prominent Trend

The growing demand for manmade rubber over natural rubber will contribute to the market growth. The demand is attributed to its suitability for use in environments exposed to chemicals, greases, oils, high temperatures, oxidizing compounds, and other extreme conditions. Also, many types of this rubber are flame-resistant. Hence, they are utilized as insulation for electrical devices. Moreover, artificial elastomer could provide a myriad of property improvements, which cannot be found in natural rubber. This property improvisation would lead to an increase in rubber production around the world. Hence, these factors will fuel the synthetic rubber market growth. Asia Pacific witnessed a synthetic rubber market growth from USD 15.74 billion in 2022 to USD 16.64 billion in 2023.

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Synthetic Rubber Market Growth Factors

Increasing Demand from the Automotive Industry to Boost Market Growth

The rising demand for synthetic rubber from the automotive industry will boost the market growth. Properties such as abrasion and temperature resistance make artificial rubber a preferred choice in the automotive industry. The artificial rubber offers excellent anti-slip property that enhances its usage in vehicle pedals and flooring mats inside the vehicle chamber. It is highly utilized in tire applications, such as flooring, door & window profiles, hoses, O-rings & gaskets, and belts. Moreover, the increasing demand for automobiles globally is expected to surge the product consumption, primarily associated with the adoption of rubber products in the manufacture of different bikes and cars. The rapid growth in the automobile industry, coupled with increasing research & development activities, will surge the product demand during the forecast period.

Increasing Consumption of Synthetic Rubber in Industrial Applications to Aid Market Growth

The growing chemical industry, combined with rapid industrialization across the globe, is surging the demand for synthetic rubber. The product is used to manufacture rubber components, such as vibration control devices, wiper blades, hoses, seals, and gaskets. Synthetic rubber is used in these end-use applications owing to its great abrasion resistance, flame retardancy, great elasticity, and massive electrical insulation. Moreover, a great amount of synthetic rubber, such as styrene-butadiene (SBR), acrylonitrile butadiene (NBR), and neoprene used the plant establishment to achieve thermal and noise insulation. On the other hand, countries, such as India, China, and Japan are the largest consumers of synthetic rubber owing to the presence of manufacturers that produce industrial rubber products. Thus, a rapid increase in industrialization is propelling the demand for synthetic rubber in the global rubber market.

RESTRAINING FACTORS

Hazardous Impacts Caused by Artificial Elastomer to Hamper Growth

Hazardous impacts of the product restrict its adoption in various applications. During the vulcanization of synthetic rubber, the soot of carbon particles is produced. It causes several environmental problems, including haze and the acidification of lakes and rivers. Also, soot inhalation can lead to a wide array of serious health issues such as respiratory issues, bronchitis, shortness of breath, stroke, asthma, cancer, heart attack, and premature death. These are some factors that may restrain product adoption and hamper market growth.  

Synthetic Rubber Market Segmentation Analysis

By Type Analysis

Styrene Butadiene Rubber Segment to Hold Largest Share Due to its Preference over Natural Rubber

Based on type, the market is segmented into styrene butadiene rubber, nitrile rubber, polybutadiene rubber, butyl rubber, and others. Styrene butadiene rubber (SBR) is the leading segment and accounted for the largest market share of 45.16% in 2026. The growth is attributed to its cost-effective properties and preference over natural rubber. The high product consumption can be seen in the insulation of wire and cabling, belting, roll coverings, cutting board, and haul-off pads. Polybutadiene rubber is the second leading segment in the global market. The product finds its major adoption in tire manufacturing. 

Butyl rubber is an important material used in the manufacturing of inner tubes, tubeless tires, and sports-balls due to its low gas and vapor permeability properties.

By Application Analysis

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Tire is the Dominating Application Segment Owing to Rapidly Growing Automotive Industry

Based on the application, the market is segmented into tire, non-tire automotive, industrial rubber goods, footwear, and others. The tire segment grew at a higher rate and accounted for the largest market share of 69.95% in 2026. The rapid growth in the automotive industry, coupled with advancements in the tire, is one factor that would aid market growth. The non-tire automotive industry is the second-leading segment in the market. In this segment, the rubber consumption can be seen in automotive mats and wire & cables.

The industrial rubber goods segment consists of conveyor belts, industrial mats, gloves, and wires & cables. The rising product demand in these applications will flourish the market growth. The industrial rubber goods segment is expected to hold a 6.2% share in 2023.

REGIONAL INSIGHTS

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Asia Pacific

The market size in Asia Pacific was valued at USD 18.58 billion in 2025. The growth is attributed to the increasing demand for styrene-butadiene rubber and nitrile rubber from the construction industry. Further, the increasing infrastructure development, coupled with product advancement, will fuel the market growth. In this region, China holds the highest synthetic rubber market share, and this is due to the higher production of different grades of tire and non-automotive products. The Japan market is forecasted to grow to USD 2.09 billion by 2026, the China market is projected at USD 9.56 billion by 2026, and the India market is estimated to reach USD 1.4 billion by 2026.

• In China, the non-tire automotive segment is estimated to hold a 11.7% market share in 2023.

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Europe

Europe is the second-leading region in the global market. The rapid growth in the automotive industry and the increasing product demand for the manufacturing of tires, belts, and hoses will fuel the market growth in this region. The UK market is expected to attain USD 0.86 billion by 2026, while the Germany market is anticipated to reach USD 2.59 billion by 2026. The rapid use of nitrile rubber in industrial goods coupled with increasing demand for synthetic rubber caulk, crossword, and adhesives in the leading applications will propel the market growth in North America. Moreover, the rapid growth in the electrical & electronic and tire industries will help surge the market growth in this region.

North America

North America holds a significant position in the global synthetic rubber market, driven primarily by the rapid expansion of the electrical & electronics, automotive, and tire industries. The region exhibits high adoption of nitrile rubber and other synthetic variants in industrial goods, adhesives, and sealants. Regulatory frameworks emphasizing environmental compliance and industrial safety have guided manufacturers toward high-performance, eco-friendly synthetic rubber products. The growing demand for durable and specialized materials in automotive and industrial applications is expected to sustain market growth, with the United States leading the adoption of technologically advanced synthetic rubber grades. The U.S. market is projected to reach USD 5.1 billion by 2026.

Latin America

In Latin America, the growth is owing to the increasing use of butyl rubber in footwear and rubber goods applications. Latin America is experiencing moderate market growth, primarily due to increased adoption of butyl rubber in footwear and general rubber goods applications. Industrial demand is bolstered by emerging automotive and construction sectors in countries such as Brazil and Mexico. Regulatory landscapes in the region are evolving, with gradual alignment toward environmental and quality standards, which supports the introduction of high-performance synthetic rubber products. Steady industrial development and urbanization trends are expected to drive incremental growth in the synthetic rubber market across Latin America.

Middle East & Africa

The increasing adoption of manmade rubber in industrial rubber mats, which are highly adopted in the oil & gas industry, will drive product adoption in the Middle East & Africa. The Middle East & Africa region demonstrates targeted demand for synthetic rubber, particularly in industrial rubber mats and oil & gas applications. Countries with strong oil and gas sectors are driving adoption of manmade rubbers designed for high durability and resistance in harsh environments. Regulatory frameworks in the region are increasingly supporting industrial safety and product standardization, encouraging manufacturers to deploy advanced synthetic rubber solutions. The growing industrial and energy sectors, coupled with strategic infrastructure development, are expected to sustain steady market expansion in the Middle East & Africa.

List of Key Companies in Synthetic Rubber Market

Capacity Expansion was Key Strategy Adopted by Companies to Retain Market Position

Capacity expansion is an important strategy employed by market leaders, such as Reliance Industries Limited and Lanxess to maintain their positions in the market. Reliance Industries Limited is an Indian multinational conglomerate company. It has diversified businesses in energy, petrochemicals, retail, natural resources, textiles, and telecommunications. The company produces manmade rubber through its subsidiaries, Relflex and Reliance Sibur Elastomers Pvt Ltd. LANXESS, on the other hand, is involved in the development, manufacturing, and marketing of additives, chemical intermediates, modern plastics, and specialty chemicals.

LIST OF KEY COMPANIES PROFILED:

• Indian Synthetic Rubber Private Limited (India)
• Apcotex Industries Limited (India)
• Reliance Industries Limited. (India)
• Trinseo (U.S.)
• Goodyear Tire and Rubber Company (U.S.)
• Sinopec (China)
• LANXESS (Germany)
• TSRC Corporation (Taiwan)
• JSR Corporation (Japan)
• Kumho Petrochemical (South Korea)
• Nizhnekamskneftekhim (Russia)

KEY INDUSTRY DEVELOPMENTS:

• June 2023 – Apcotex Industries Limited invested USD 24.13 million in the expansion of its two rubber projects. The purpose of the investment was to maximize the company’s revenue from its rubber segment.
• 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.
• March 2021- Kumho Petrochemical acquired 50% of the Kumho Polychem shares held by joint venture partner JSR Corporation. The acquisition will enhance competitiveness and establish leadership built in this industry over the years.
• August 2021- BASF and SINOPEC expanded their Verbund site operated by BASF-YPC Co., Ltd., a 50-50 joint venture in China. This includes an increase in the capacity of downstream chemical plants such as the new tert-butyl acrylate plant to serve the growing Chinese market.

REPORT COVERAGE

The global synthetic rubber market research report provides detailed industry analysis and focuses on crucial aspects of the market such as leading companies, types, and applications. Also, the report offers insights into key market trends, highlights vital industry developments, and competitive landscape. In addition to the factors mentioned above, the report encompasses various factors that have contributed to the growth of the market in recent years.

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