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U.S. - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

U.S. - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights

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May 12, 2022

U.S. Synthetic Rubber Exports Rebound to $2.5B

IndexBox has just published a new report: 'U.S. - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The value of the synthetic rubber market in the United States was estimated at $7.7B in 2021. This figure reflects the total revenues of producers and importers (excluding logistics costs, intermediaries' margins, which will be included in the final consumer price). 

U.S. Synthetic Rubber Consumption and Production

In 2021, consumption of synthetic rubber in the United States totaled approx. 2.8M tons. The total consumption volume increased at an average annual rate of +3.0% over the period from 2007 to 2021. 

In 2021, production of synthetic rubber was estimated at 3.1M tons. In value terms, production reached $8.1B in 2021. 

U.S. Synthetic Rubber Exports

In 2021, after four years of decline, there was growth in overseas shipments of synthetic rubber, when their volume increased by 4.4% to 963K tons. In general, exports, however, continue to indicate a perceptible descent. 

In value terms, synthetic rubber exports skyrocketed to $2.5B in 2021. By contrast, a year earlier, exports dropped from $2.2B in 2019 to $1.9B in 2020. 

Exports by Country

Mexico (140K tons), Canada (123K tons) and Belgium (118K tons) were the main destinations of synthetic rubber exports from the United States, together comprising 41% of total supplies. These countries were followed by China, Brazil, Singapore, India, Japan, Thailand, Taiwan (Chinese), Germany, the Netherlands and South Korea, which together accounted for a further 47%.

In value terms, Mexico ($264M), Canada ($238M) and Belgium ($218M) appeared to be the largest markets for synthetic rubber exported from the United States worldwide, together accounting for 38% of total supplies. China, Brazil, Singapore, the Netherlands, Japan, India, Germany, South Korea, Thailand and Taiwan (Chinese) lagged somewhat behind, together comprising a further 44%.

Singapore, with a CAGR of +10.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination from 2007-2021, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average synthetic rubber export price amounted to $2,048 per ton, falling by -12% against the previous year. Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($3,695 per ton), while the average price for exports to India ($1,570 per ton) was amongst the lowest. From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Synthetic Rubber Imports

In 2021, the amount of synthetic rubber imported into the United States soared to 665K tons, growing by 17% on the year before. The total import volume increased at an average annual rate of +2.3% from 2007 to 2021.

In value terms, synthetic rubber imports soared to $1.5B in 2021. Over the period under review, total imports indicated a slight expansion from 2007 to 2021: its value increased at an average annual rate of +2.3% over the last fourteen-year period. 

Imports by Country

South Korea (90K tons), Germany (78K tons) and Japan (67K tons) were the main suppliers of synthetic rubber imports to the United States, together accounting for 41% of total supplies. Mexico, France, Russia, Taiwan (Chinese), Canada, Spain, the Czech Republic, Belgium, Italy and Brazil lagged somewhat behind, together accounting for a further 53%.

In value terms, the largest synthetic rubber suppliers to the United States were Japan ($168M), Germany ($144M) and South Korea ($126M), together comprising 40% of total imports. France, Mexico, Russia, Canada, Taiwan (Chinese), Spain, Belgium, Italy, the Czech Republic and Brazil lagged somewhat behind, together comprising a further 48%.

The Czech Republic, with a CAGR of +25.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers from 2007 to 2021, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic rubber import price stood at $1,907 per ton in 2020, waning by -18.6% against the previous year. Prices varied noticeably by the country of origin: the country with the highest price was Japan ($2,493 per ton), while the price for the Czech Republic ($1,257 per ton) was amongst the lowest. From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic rubber market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20171050 - Synthetic latex rubber
  • Prodcom 20171090 - Synthetic rubber (excluding latex)

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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