Report Update: Jan 1, 2025

World - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Synthetic rubber market

Synthetic rubber market: get the latest information secured by an Ai-driven BI platform. Facts and figures cover trade, market size, consumption, imports, exports, production, market prices, and companies. There is a breakdown by country, including Latin America, the Middle East, China, the U.S., the U.K., Africa, Russia, and EU. Market trends and forecast to 2030 are also provided in the snapshots.

Synthetic Rubber - World's Largest Markets

Rating	Country
1	China
2	United States
3	Japan
4	Germany
5	Mexico

In value terms, China, the United States and Japan were the countries with the highest levels of market value in 2020, with a combined 50% share of the global market.

In terms of the main consuming countries, Japan saw the highest rates of growth with regard to market size, over the period under review, while synthetic rubber market for the other global leaders experienced a decline in the market figures.

Synthetic Rubber Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Poland	1756	1490	1203	-17.2%
South Korea	1671	1415	1235	-14.0%
Russia	1768	1747	1284	-14.8%
Malaysia	1421	1456	1325	-3.4%
Thailand	1836	1688	1370	-13.6%
Vietnam	1386	1366	1399	0.5%
Taiwan (Chinese)	1819	1655	1482	-9.7%
Germany	2033	1790	1540	-13.0%
Singapore	2429	2255	1865	-12.4%
China	2320	2136	1868	-10.3%
United States	2432	2327	1923	-11.1%
Belgium	2225	2158	2046	-4.1%
Japan	3032	2858	2705	-5.5%
Average	2021	1850	1547	-12.5%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Japan ($2,705 per ton), while Poland ($1,203 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Germany	2424	2293	2040	-8.3%
Brazil	2172	2039	1971	-4.7%
Belgium	1967	1902	1908	-1.5%
Italy	2289	2087	1854	-10.0%
United States	2450	2343	1786	-14.6%
India	2256	2067	1742	-12.1%
Poland	2134	1992	1706	-10.6%
Indonesia	2025	1900	1696	-8.5%
Thailand	2041	2035	1605	-11.3%
Vietnam	2137	1856	1604	-13.4%
Turkey	1994	1787	1499	-13.3%
China	1958	1618	1453	-13.9%
Malaysia	1334	1230	1386	1.9%
Average	2055	1859	1636	-10.8%

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Germany ($2,040 per ton) and Brazil ($1,971 per ton), while Malaysia ($1,386 per ton) and China ($1,453 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other global leaders experienced a decline in the import price figures.

Synthetic Rubber - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	7.3	6.7	7.5	1.1%
United States	1.6	1.6	1.1	-18.2%
Malaysia	1.1	1.1	1.1	-3.4%
Thailand	1.2	1	1	-6.1%
Germany	1.3	1.2	1	-15.0%

In value terms, China ($7.5B) constitutes the largest market for imported synthetic rubber worldwide, comprising 34% of global imports. The second position in the ranking was occupied by the United States ($1.1B), with a 4.9% share of global imports. It was followed by Malaysia, with a 4.8% share.

In China, synthetic rubber imports expanded at an average annual rate of +1.1% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: the United States (-18.2% per year) and Malaysia (-3.4% per year).

Synthetic Rubber - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
South Korea	3.1	2.7	2.5	-10.7%
Thailand	0.8	1.1	2.4	76.6%
Japan	2.5	2.3	1.9	-11.5%
United States	2.7	2.2	1.9	-16.4%
Vietnam	1.1	1.3	1.6	18.1%

In value terms, the largest synthetic rubber supplying countries worldwide were South Korea ($2.5B), Thailand ($2.4B) and Japan ($1.9B), together comprising 33% of global exports.

Among the main exporting countries, Thailand (+76.6% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Synthetic Rubber - Market Forecast

Depressed by shrinking demand for synthetic rubber worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Synthetic Rubber - Top Companies

JSR CORPORATION, ZEON CORPORATION, China Hainan Rubber Industry Group Co., Ltd., Shanghai Weizhong Automobile Rubber & Plastic Fittings Factory, HALDIA PETROCHEMICALS LIMITED, TSRC CORPORATION, Kukdo Chemical Co., Ltd., Snf Holding Company, LTI Holdings, Inc., Hangzhou First Applied Material Co., Ltd., Kraton Polymers Nederland B.V., Arlanxeo Brasil S/A, SYNTHOS DWORY 7 SP Z O O SPÓLKA JAWNA, Synthomer Deutschland GmbH, Gates Europe BVBA, SIAM SYNTHETIC LATEX COMPANY LIMITED, Kumho Polychem Co., Ltd., NANTEX INDUSTRY CO., LTD., Kyungshin Cable Co., Ltd., ZHONGCE RUBBER (THAILAND) COMPANY LIMITED

Synthetic Rubber - Product Coverage

HS 400211 - Rubber; synthetic, styrene-butadiene rubber (SBR) and carboxylated styrene-butadiene rubber (XSBR) latex, in primary forms or in plates, sheets or strip
HS 400219 - Rubber; synthetic, styrene-butadiene rubber (SBR) and carboxylated styrene-butadiene rubber (XSBR), (other than latex), in primary forms or in plates, sheets or strip
HS 400220 - Rubber; synthetic, butadiene rubber (BR), in primary forms or in plates, sheets or strip
HS 400231 - Rubber; synthetic, isobutene-isoprene (butyl) rubber (IIR), in primary forms or in plates, sheets or strip
HS 400239 - Rubber; synthetic, halo-isobutene-isoprene rubber (CIIR or BIIR), in primary forms or in plates, sheets or strip
HS 400241 - Rubber; synthetic, chloroprene (chlorobutadiene) rubber (CR), latex, in primary forms or in plates, sheets or strip
HS 400249 - Rubber; synthetic, chloroprene (chlorobutadiene) rubber (CR), (other than latex), in primary forms or in plates, sheets or strip
HS 400251 - Rubber; synthetic, acrylonitrile-butadiene rubber (NBR), latex, in primary forms or in plates, sheets or strip
HS 400259 - Rubber; synthetic, acrylonitrile-butadiene rubber (NBR), (other than latex), in primary forms or in plates, sheets or strip
HS 400260 - Rubber; synthetic, isoprene rubber (IR), in primary forms or in plates, sheets or strip
HS 400270 - Rubber; synthetic, ethylene-propylene-non-conjugated diene rubber (EPDM), in primary forms or in plates, sheets or strip
HS 400280 - Rubber; mixtures of natural and synthetic rubbers of heading no. 4001 and 4002, in primary forms or in plates, sheets or strip
HS 400291 - Rubber; synthetic, n.e.c. in heading 4002, latex, in primary forms or in plates, sheets or strip
HS 400299 - Rubber; synthetic, n.e.c. in heading 4002, (other than latex), in primary forms or in plates, sheets or strip

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global synthetic rubber market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Company coverage:

Arlanxeo, Sinopec, KKPC, Petrochina, TSRC, ExxonMobil, Goodyear, NKNH, JSR, Sibur, LG, Versails, Grupo Dynasol, LCY, Kraton, Zeon, Synthos, Trinseo, Asahi, Michelin, Firestone, Lion, Reliace

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
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. 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. 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024