Global Synthetic Rubber And Fibers Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Others (IIR, CR, TPR, ABS and etc.).

By Application;

Non-Tire Automotive, Footwear, Tire, Construction and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn625336018 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Synthetic Rubber And Fibers Market (USD Million), 2021 - 2031

In the year 2024, the Global Synthetic Rubber And Fibers Market was valued at USD 421,241.77 million. The size of this market is expected to increase to USD 1,599,664.94 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 21.0%.

The Global Synthetic Rubber and Fibers Market encompasses a diverse and expansive industry focused on the production and distribution of synthetic elastomers and fibers, which serve critical roles across numerous sectors worldwide. Synthetic rubber, derived from petrochemical sources, is widely used in the automotive industry for manufacturing tires, seals, and gaskets due to its resilience, durability, and resistance to abrasion and weathering. Additionally, synthetic rubber finds applications in industrial products such as conveyor belts, hoses, and adhesives, contributing to its extensive utilization in infrastructure and manufacturing.

Synthetic fibers, on the other hand, include a range of materials such as polyester, nylon, acrylic, and aramid fibers, which are manufactured through chemical processes to achieve specific performance characteristics. These fibers are integral to sectors such as textiles, automotive, aerospace, and construction, where they offer advantages such as strength, lightweight properties, and resistance to moisture and chemicals. Polyester fibers, for instance, are commonly used in apparel, home furnishings, and industrial applications due to their versatility and affordability, while aramid fibers like Kevlar are prized for their exceptional strength-to-weight ratio and heat resistance, making them suitable for ballistic protection and high-performance applications.

The Global Synthetic Rubber and Fibers Market is driven by technological advancements in polymer science, ongoing innovations in manufacturing processes, and the increasing demand for durable, high-performance materials across diverse industries. The market's growth is further bolstered by expanding applications in emerging sectors such as renewable energy, medical devices, and smart textiles, where synthetic rubber and fibers play crucial roles in advancing innovation and meeting evolving consumer needs. As global economic activities and industrialization continue to evolve, the synthetic rubber and fibers market is poised for continued expansion, driven by the need for sustainable, efficient, and technologically advanced materials.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Synthetic Rubber And Fibers Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand from automotive industry
        2. Growth in construction and infrastructure projects
        3. Advancements in polymer science and technology
        4. Rising demand for lightweight and high-performance materials
        5. Expansion of applications in healthcare and textiles
      2. Restraints
        1. Fluctuating raw material prices
        2. Environmental concerns and regulations
        3. Competition from natural alternatives (e.g., natural rubber, cotton)
        4. Volatility in global economic conditions
        5. Technological barriers in developing novel synthetic fibers
      3. Opportunities
        1. Innovations in sustainable and eco-friendly materials
        2. Emerging markets in Asia Pacific and Latin America
        3. Adoption of synthetic fibers in renewable energy sectors
        4. Growing demand for smart textiles and wearable technologies
        5. Strategic partnerships and mergers for market expansion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Synthetic Rubber And Fibers Market, By Type, 2021 - 2031 (USD Million)
      1. Fibers
      2. Styrene Butadiene Rubber (SBR)
      3. Polybutadiene (BR)
      4. Ethylene Propylene (EPDM)
      5. Others (IIR, CR, TPR, ABS, etc.)
    2. Global Synthetic Rubber And Fibers Market, By Application, 2021 - 2031 (USD Million)
      1. Non-Tire Automotive
      2. Footwear
      3. Tire
      4. Construction
      5. Others
    3. Global Synthetic Rubber And Fibers Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. LANXESS AG
      2. Sinopec Corporation
      3. The Dow Chemical Company
      4. Exxon Mobil Corporation
      5. SABIC
      6. Asahi Kasei Corporation
  7. Analyst Views
  8. Future Outlook of the Market