Artificial Rubber Market Revenue was valued at USD 6.5 Billion in 2024 and is estimated to reach USD 10.2 Billion by 2033, growing at a CAGR of 6.5% from 2026 to 2033.
The global Artificial Rubber market was valued at USD 25.47 billion in 2022 and is projected to reach USD 38.85 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period. This growth is primarily attributed to the increasing demand for synthetic rubber in industries such as automotive, construction, and manufacturing, as well as advancements in production technologies. The automotive industry, in particular, continues to drive the demand for artificial rubber, with increased use in tires, seals, gaskets, and various other automotive components. The rising trend of electric vehicles is also anticipated to contribute positively to the markets growth, as these vehicles require advanced synthetic materials for various applications. The regional analysis reveals that North America holds a significant share of the Artificial Rubber market due to its strong automotive and manufacturing industries. In 2022, North America accounted for a market share of approximately 30%, valued at USD 7.64 billion. Europe followed closely behind, with a market share of around 25%, driven by the regions established automotive and industrial sectors. Meanwhile, the Asia Pacific region is expected to witness the highest growth rate, with a CAGR of 6.5% from 2022 to 2030. This growth is driven by the increasing industrialization and the growing automotive sector in emerging economies such as China and India. The demand for artificial rubber in Asia Pacific is expected to reach USD 15.22 billion by 2030, making it the fastest growing regional market.
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LANXESS
Asahi Kasei
DSM Elastomers
Dow Chemical Company
DuPont
Ube Industries
Showa Denko K.K
Sinopec
Sumitomo
TOSOH
Trinseo
SABIC
Lion Elastomers
China National Petroleum Corporation (CNPC)
TSRC Corporation
Exxon Mobil
Dynasol Elastomer
Versalis
JSR Corporation
Shanxi-Nairit Synthetic Rubber
KUMHO PETROCHEMICAL
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Artificial Rubber Market
Styrene-Butadiene Rubber (SBR)
Polybutadiene Rubber (BR)
Ethylene Propylene Diene Monomer (EPDM)
Nitrile Butadiene Rubber (NBR)
Chloroprene Rubber (CR)
Automotive
Industrial
Consumer Goods
Medical
Automotive Manufacturing
Construction
Healthcare
Textiles
Aerospace
Sheets
Films
Blocks
Granules
Powders
Direct Sales
Online Retail
Distributors and Wholesalers
Specialty Stores
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Artificial Rubber Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Artificial Rubber Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Artificial Rubber Market, By Type
6. Global Artificial Rubber Market, By Application
7. Global Artificial Rubber Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Artificial Rubber Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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