Market Overview:
Synthetic Rubber is a kind of elastic polymer mainly derived from petroleum byproducts. Synthetic Rubber possess various properties such as elasticity, oil resistant, durability, and excellent water repellant property which make them suitable for various end use industries such as construction, footwear, automotive & transportation, industrial, and others. Moreover, it is used for making polymer concrete for waterproofing, tires, hoses, conveyor belt covers, gaskets, tubes, and others.
Synthetic Rubber is classified as elastic polymer from which rubber is obtained and manufactured on the basis of petrochemical raw material. It is mostly used with natural rubbers as a single polymer or in mixture and is majorly produced synthetically by polymerization. It is predominantly used as the main constituent of the tires used on automobiles, airplanes, and bicycles. It finds a wide application scope in numerous end use industries such as footwear, industrial, construction, automotive & transportation, and others.

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Major Key Players:
Some of the Top Key Players functioning in the Global Synthetic Rubber Market are:
• LANXESS (Germany),
• Exxonmobil (U.S.),
• Asahi Kasei Corporation (Japan),
• Sumitomo Chemical Co., Ltd. (Japan),
• ZEON Corporation (Japan)
• The Dow Chemical Company (U.S.),
• Versalis S.p.A. (Italy),
• Kumho Petrochemical (South Korea),
• JSR Corporation (Japan),
• LGChem (SouthKorea),


Market Segmentation:
The Global Synthetic Rubber Market is segregated into the Type, End User, and Region:
By Type:
• SBR,
• NBR,
• BR,
• EPDM,
• SBC
• IR,
• IIR,
• CR

By End User:
• Construction,
• Automotive & Transportation,
• Industrial
• Footwear

By Region:
• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.


Regional Analysis:
Geographically, Synthetic Rubber Market is segmented across Five Regions in the world namely:
• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.
Asia Pacific has emerged as the leading market region for Synthetic Rubber followed by Europe and North America. North America is predicted to witness a moderate growth in synthetic rubber due to recovery of industrial sector combined with escalating investments to revitalize industrial sector.
In North America, the U.S. is followed by Canada in the regional market growth and both countries are expected to see a significant growth on account of continuous expansion of footwear industry. European countries such as Russia, Poland, France, Italy, Germany, and U.K have emerged as important consumer markets due to developed end use industries and heavy investment on Research & Development as well as innovation. Latin American countries such as Mexico, Brazil, Colombia, Peru, Guatemala, and Argentina are also predicted to witness an average growth due to increasing expenditure on passenger cars and commercial vehicles. Moreover, increasing air traffic in the developing countries such as Brazil, China, India, Malaysia, and Vietnam has resulted in increased demand for tires and which in turn has given a new momentum for the market growth.
The Middle East & Africa regional market is predicted to witness a significant growth during the review period due to high adoption rate in various application and is predicted to positively influence industry growth during the assessment period.

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