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.


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Synthetic Rubber - World's Largest Markets

RatingCountry
1China
2United States
3Japan
4Germany
5Mexico

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

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Poland175614901203-17.2%
South Korea167114151235-14.0%
Russia176817471284-14.8%
Malaysia142114561325-3.4%
Thailand183616881370-13.6%
Vietnam1386136613990.5%
Taiwan (Chinese)181916551482-9.7%
Germany203317901540-13.0%
Singapore242922551865-12.4%
China232021361868-10.3%
United States243223271923-11.1%
Belgium222521582046-4.1%
Japan303228582705-5.5%
Average202118501547-12.5%

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

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Germany242422932040-8.3%
Brazil217220391971-4.7%
Belgium196719021908-1.5%
Italy228920871854-10.0%
United States245023431786-14.6%
India225620671742-12.1%
Poland213419921706-10.6%
Indonesia202519001696-8.5%
Thailand204120351605-11.3%
Vietnam213718561604-13.4%
Turkey199417871499-13.3%
China195816181453-13.9%
Malaysia1334123013861.9%
Average205518591636-10.8%

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

COUNTRY201820192020CAGR,
2018-2020
billion USD
China7.36.77.51.1%
United States1.61.61.1-18.2%
Malaysia1.11.11.1-3.4%
Thailand1.211-6.1%
Germany1.31.21-15.0%

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

COUNTRY201820192020CAGR,
2018-2020
billion USD
South Korea3.12.72.5-10.7%
Thailand0.81.12.476.6%
Japan2.52.31.9-11.5%
United States2.72.21.9-16.4%
Vietnam1.11.31.618.1%

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
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World - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global synthetic rubber market.

Latin America and the Caribbean - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the synthetic rubber market in Latin America and the Caribbean.

South-Eastern Asia - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the synthetic rubber market in South-Eastern Asia.

Australia and Oceania - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the synthetic rubber market in Australia and Oceania.

Eastern Asia - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the synthetic rubber market in Eastern Asia.

Northern America - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the synthetic rubber market in Northern America.

Central Asia - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the synthetic rubber market in Central Asia.

Southern Asia - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the synthetic rubber market in Southern Asia.

Middle East - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the synthetic rubber market in the Middle East.

Africa - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the synthetic rubber market in Africa.

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