Synthetic Rubber Market to be Worth $42.3 Billion by 2031 | Meticulous Market Research Pvt. Ltd.

Meticulous Research®, a prominent global market research firm, has released a report titled 'Synthetic Rubber Market Size, Share, Forecast, & Trends Analysis by Type (SBR, EPDM, BR, SBC, IIR, NBR, IR, CR), Application (Tires, Textiles & Apparel, Electronic, Packaging), Industry (Construction, Automotive, Industrial) – Global Forecast to 2031.'
According to this recent publication, the synthetic rubber market is anticipated to achieve a value of $42.3 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. Factors driving this growth include increased construction and infrastructure projects, rising vehicle manufacturing and sales, and expansion in industrial sectors such as manufacturing, machinery, and equipment. Furthermore, there is a rising demand for environmentally friendly alternatives to synthetic rubber, presenting opportunities for market expansion. However, challenges such as waste management, pollution concerns, and carbon emissions could impede market growth. Additionally, stringent environmental regulations, quality standards, and compliance policies enforced by governments pose significant challenges to industry participants.
The global synthetic rubber market is segmented by type, application, and industry, with the report providing a detailed analysis of competitors within various end-user sectors and examining market dynamics at regional and national levels.
Based on type, the synthetic rubber market is categorized into various types including styrene butadiene rubber (SBR), polybutadiene rubber (BR), styrene block copolymer (SBC), ethylene propylene diene rubber (EPDM), butyl rubber (IIR), acrylonitrile-butadiene rubber (NBR), isoprene rubber (IR), chloroprene rubber (CR), and other variants. By 2024, the styrene butadiene rubber (SBR) segment is expected to dominate the market with a share exceeding 29.0%. This segment's prominence is driven by increasing tire demand, its favorable properties like high abrasi

Synthetic Rubber Market to be Worth $42.3 Billion by 2031 | Meticulous Market Research Pvt. Ltd.

Meticulous Research®, a prominent global market research firm, has released a report titled 'Synthetic Rubber Market Size, Share, Forecast, & Trends Analysis by Type (SBR, EPDM, BR, SBC, IIR, NBR, IR, CR), Application (Tires, Textiles & Apparel, Electronic, Packaging), Industry (Construction, Automotive, Industrial) – Global Forecast to 2031.'
According to this recent publication, the synthetic rubber market is anticipated to achieve a value of $42.3 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. Factors driving this growth include increased construction and infrastructure projects, rising vehicle manufacturing and sales, and expansion in industrial sectors such as manufacturing, machinery, and equipment. Furthermore, there is a rising demand for environmentally friendly alternatives to synthetic rubber, presenting opportunities for market expansion. However, challenges such as waste management, pollution concerns, and carbon emissions could impede market growth. Additionally, stringent environmental regulations, quality standards, and compliance policies enforced by governments pose significant challenges to industry participants.
The global synthetic rubber market is segmented by type, application, and industry, with the report providing a detailed analysis of competitors within various end-user sectors and examining market dynamics at regional and national levels.
Based on type, the synthetic rubber market is categorized into various types including styrene butadiene rubber (SBR), polybutadiene rubber (BR), styrene block copolymer (SBC), ethylene propylene diene rubber (EPDM), butyl rubber (IIR), acrylonitrile-butadiene rubber (NBR), isoprene rubber (IR), chloroprene rubber (CR), and other variants. By 2024, the styrene butadiene rubber (SBR) segment is expected to dominate the market with a share exceeding 29.0%. This segment's prominence is driven by increasing tire demand, its favorable properties like high abrasi