Global Artificial Rubber Market Report By Type (Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Nitrile Butadiene Rubber (NBR), Ethylene-Propylenediene Rubber (EPDM), Chloroprene Rubber (CR), Others), By Application (Tires, Industrial Goods, Footwear, Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Artificial Rubber Market is presumed to reach the market size of nearly USD 19.08 MN by 2030 from USD 8.9 MN in 2022 with a CAGR of 10% under the study period 2023 - 2030.

Artificial rubber, also known as synthetic rubber, is a man-made polymer material that has properties similar to natural rubber. Artificial rubber is produced by the chemical synthesis of various petrochemicals or other organic compounds. There are many types of synthetic rubber, each with its own unique properties and uses.

Market Dynamics

The automotive industry is the largest consumer of artificial rubber, and the increasing demand for vehicles is driving the growth of the market. Artificial rubber is used extensively in the production of tires, which are essential components of vehicles. Artificial rubber is also used in the production of construction materials, such as roofing materials and insulation. The growing demand for construction materials is fueling the demand for artificial rubber. The introduction of new and improved varieties of artificial rubber, which have better properties and are more cost-effective, is adding to the market share. Artificial rubber is also used in the healthcare industry, particularly in the production of medical gloves and other medical devices. The growing demand for healthcare products is driving the growth of the market. Additionally, regulations aimed at reducing carbon emissions are also driving the demand for artificial rubber, as it is an environmentally friendly alternative to natural rubber.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of artificial rubber. The growth and trends of artificial rubber industry provide a holistic approach to this study. 

Market Segmentation

This section of the artificial rubber market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Type

• Styrene Butadiene Rubber (SBR)
• Polybutadiene (BR)
• Nitrile Butadiene Rubber (NBR)
• Ethylene-Propylenediene Rubber (EPDM)
• Chloroprene Rubber (CR)
• Others

By Application

• Tires
• Industrial Goods
• Footwear
• Other

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Artificial Rubber market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Artificial Rubber Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the artificial rubber market include 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. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.