Synthetic Rubber Market Outlook:
Synthetic Rubber Market size was valued at USD 33.31 billion in 2025 and is set to exceed USD 54.78 billion by 2035, expanding at over 5.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of synthetic rubber is estimated at USD 34.84 billion.
The growth of the market can be attributed to the surging production of synthetic rubber owing to its rapidly escalating demand worldwide as well as increasing utilization in the manufacturing of various industrial goods and consumer goods. It was found that, compared to the year 2000, only about 10.9 million metric tons of synthetic rubber was produced globally, whereas the amount produced in 2020 reached more than 14.4 million metric tons.
In addition to these, factors that are believed to fuel the growth of market include the increasing demand for these products from the automotive industry to produce tier owing to its unmatchable properties such as greater durability and longevity than natural rubber. These qualities are a result of the material's resistance to damage and degradation from chemicals, high and low temperatures, ozone, sunlight, and weathering. Additionally, the growing number of wheels as well as increasing sales of tires worldwide is predicted to present the potential for market expansion over the projected period. It was observed that the total sales of tires amounted to USD 64 billion worldwide in 2021, with a total of around 2.35 billion tires produced.
