Key Market Indicators
The American synthetic rubber export market is projected to reach approximately $2.67 billion by 2028, down slightly from around $2.68 billion in 2023. This marks a year-on-year decline of 0%, indicating a stagnation in growth. Historical data since 1996 shows a marginal annual decrease of 0.1% in American synthetic rubber supply. Conversely, the import market for American synthetic rubber is expected to climb to about $1.79 billion by 2028, up from nearly $1.70 billion in 2023. This represents an average annual growth rate of 0.9%. Since 1996, the demand for synthetic rubber in the U.S. has consistently risen by 0.9% each year.
