Asia Pacific synthetic rubber market is estimated to grow with lucrative growth during the forecast period. The high adoption of synthetic rubber in various applications is one of the chief factors for the growth of the market in the region. China, India, Thailand, Indonesia, Malaysia, Vietnam are among the top producer of natural and synthetic rubber all across the globe. Moreover, the region caters to the significant application of synthetic rubber including tires. As per the International Organization of Motor Vehicle Manufacturers, in Asia Pacific, more than 50 million vehicles were manufactures in the region. Moreover, India and China are among the largest two-wheeler industry globally. Additionally, the region is a hub for the manufacturing of consumer electronics which creates considerable demand for synthetic rubber in the region.

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Some key players mentioned in the research report are:

The companies which are contributing significantly in the market include Ube Industries, Ltd., Asahi Kasei Corp., Bridgestone Corp., Indian Synthetic Rubber Pvt. Ltd., JSR Corp., LG Chem, Ltd., Reliance Industries Ltd., SABIC, Sumitomo Chemical Co., Ltd., The Goodyear Tire & Rubber Co., The Michelin Group, and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.

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Asia Pacific Synthetic Rubber Market Segmentation

By Type

• Styrene Butadiene Rubber (SBR)
• Polybutadiene Rubber (BR)
• Ethylene Propylene Rubber (EPDM)
• Isoprene Rubber (IR)
• Others (Nitrile Butadiene Rubber (NBR), Butyl Rubber (IIR), Chloroprene Rubber (CR))

By End-User

• Tires & other automobile component
• Industrial Application
• Footwear
• Household
• Others (Electronics)

Company Profiles

• Asahi Kasei Corp.
• Bridgestone Corp.
• Denka Company Ltd.
• Kuraray Co., Ltd.
• LG Chem, Ltd.
• SABIC
• Sumitomo Chemical Co., Ltd.
• The Dow Chemical Co.
• The Michelin Group
• Tosoh Corp.
• Trinseo LLC
• Ube Industries, Ltd.

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