Key Market Indicators
India's synthetic rubber imports are projected to reach approximately $1.33 billion by 2028, up from around $1.21 billion in 2023. This marks an average annual growth rate of 1.6%. Since 1993, India's demand for synthetic rubber has consistently grown at an average rate of 1.3% per year. On the export front, India's synthetic rubber exports are expected to hit nearly $159 million by 2028, rising from about $130 million in 2023. This reflects an average annual growth rate of 3.2%. Since 1993, the country's supply of synthetic rubber has increased at an average annual rate of 3.7%. In 2023, India ranked 22nd in synthetic rubber exports, with Mexico slightly ahead at $130 million. Thailand, the United States, and Japan secured the second, third, and fourth positions, respectively, in the global ranking.
