Global Synthetic Rubber Trends in 2024
Synthetic Rubber is part of Specialty Chemical and includes a number of sub-sectors such as Styrene Butadiene Rubber and Polybutadiene Rubber. You may also be interested in Cleaning Compound, Industrial Gases and Paint And Coating.
The global synthetic rubber export market is projected to reach approximately $18.7 billion by 2028. This marks a slight decrease from the 2023 figure of around $19 billion, reflecting a modest compound annual growth rate (CAGR) of 0.5%. Since 2019, global supply has been on a gradual upswing, increasing by an average of 0.6% annually. South Korea leads the industry, with exports valued at about $3.5 billion in 2023. Thailand, the United States, and Japan follow, ranking second, third, and fourth respectively. Remarkably, Zimbabwe has seen a significant surge in its synthetic rubber exports, climbing nearly 58% year on year. In contrast, the United Kingdom has experienced a steep decline, with export figures dropping by 52% annually since 2019.
Top 10 countries
In 2024 major markets in the Synthetic Rubber Industry were:
World Synthetic Rubber Market Data and Forecasts
How much the Synthetic Rubber industry is expected to grow to 2028?
World Synthetic Rubber Top Rankings
Global Synthetic Rubber Statistics
- Styrene Butadiene Rubber Import 180 countries (Africa, Sub-Saharan Africa, Asia...)
- Shipping Freight Volume 66 countries (Western Europe, Europe, Germany...)
- Styrene Butadiene Rubber Export 128 countries (Asia, Latin America, Middle East...)
- Synthetic Rubber Import 187 countries (Europe, Africa, Sub-Saharan Africa...)
- Synthetic Rubber Export 142 countries (Europe, Southern Europe, Eastern Europe...)
- Container Traffic Volume 205 countries (Europe, Western Europe, Germany...)
- Number Of High Growth Enterprises 48 countries (Europe, Eastern Europe, Northern Europe...)
- Synthetic Rubber Sales 29 countries (Europe, Eastern Europe, Northern Europe...)
- Synthetic Rubber Production 29 countries (Europe, Western Europe, Germany...)
- Employment Rate 233 countries (Europe, Northern Europe, Eastern Europe...)
