Global Non-Tire Synthetic Rubber Market Size By Product (Special rubber, General Rubber), By Application (Footware, Automotive (non-tire)), By Geographic Scope And Forecast

Non-Tire Synthetic Rubber Market Size And Forecast

Non-Tire Synthetic Rubber Market size was valued at USD 10,517.30 Million in 2023 and is projected to reach USD 16,129.12 Million by 2030, growing at a CAGR of 5.57% from 2024 to 2030.

Rising demand for EVs and an increase in the adoption of man-made rubber in industrial mats are the factors driving the market growth. The Global Non-Tire Synthetic Rubber Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Non-Tire Synthetic Rubber Market Definition

Synthetic rubber is a versatile material that has played a significant role in various industries due to its unique properties and applications. It is a man-made polymer derived from petrochemicals and is designed to mimic the properties of natural rubber. Synthetic rubber has gained immense importance in non-tire applications, ranging from automotive components to consumer goods. This comprehensive article delves into the details of synthetic rubber, its characteristics, non-tire applications, trends in those applications, and some leading companies in the synthetic rubber industry. Synthetic rubber, also known as man-made or artificial rubber, is a polymer-based material that is created through the polymerization of various monomers. Unlike natural rubber, which is derived from the latex sap of rubber trees (Hevea brasiliensis), synthetic rubber is produced in a controlled industrial setting.

The key steps in manufacturing synthetic rubber include, Monomer Selection, Synthetic rubber is made from different monomers, such as butadiene, styrene, isoprene, and chloroprene. The choice of monomers determines the properties of the synthetic rubber produced. Polymerization, Monomers are polymerized using various methods, including emulsion polymerization, solution polymerization, and bulk polymerization. Polymerization involves the chemical bonding of monomers to create long-chain polymer molecules. Vulcanization, Similar to natural rubber, synthetic rubber can be vulcanized to improve its mechanical properties. Vulcanization involves the cross-linking of polymer chains using sulfur or other curing agents, enhancing the material’s strength and durability.

Synthetic rubber is a versatile material prized for its elasticity, chemical resistance, temperature resilience, weather resistance, tear resistance, and electrical insulation properties. Its ability to stretch and rebound, akin to natural rubber, suits it for flexible and resilient applications. Depending on the type, it can resist various chemicals and is apt for gaskets, seals, and hoses. Synthetic rubber maintains its mechanical properties across a broad temperature range, excelling in extreme conditions. Some variants, like EPDM, resist weathering, UV radiation, and ozone exposure. Its tear resistance enhances durability under mechanical stress, while excellent electrical insulating properties make it valuable in cable and electrical component manufacturing.

Synthetic rubber plays a vital role in a wide range of non-tire applications, spanning various industries. In the automotive sector, synthetic rubber is employed in hoses, gaskets, and seals for engines and transmissions due to its heat and chemical resistance. It also finds use in timing belts to ensure precise engine timing and in automotive suspension systems to dampen vibrations and enhance ride comfort. Synthetic rubber-based sealants are essential for weatherproofing buildings, sealing joints, and preventing water intrusion. EPDM synthetic rubber is popular for roofing membranes due to its exceptional weather resistance and durability. In the electrical and electronics field, synthetic rubber is utilized as an insulating material in cables and wires, providing electrical resistance and flexibility. It’s also used in electronic enclosures to create seals that protect sensitive components from dust and moisture.

Synthetic rubber is a key material in the production of athletic shoes, rain boots, and other types of footwear due to its flexibility and water resistance. Additionally, rubber gloves made from synthetic rubber are widely used in healthcare, laboratories, and industrial settings for their resistance to chemicals and pathogens. Industries such as mining, agriculture, and manufacturing rely on synthetic rubber-based conveyor belts due to their durability and resistance to abrasion. Synthetic rubber linings are used to protect equipment and tanks from corrosion and abrasion in chemical and mining industries. Synthetic rubber is crucial in the medical field, used to produce medical tubing like catheters and IV lines due to its biocompatibility and flexibility. It’s also employed in medical equipment to create seals and gaskets that ensure the integrity of sterile environments. In the aerospace sector, synthetic rubber O-rings are critical for sealing connections, where reliability and resistance to extreme conditions are paramount. Synthetic rubber gaskets and seals are used in aircraft engines and systems to prevent leaks and maintain optimal performance.

Thus, synthetic rubber is a versatile and indispensable material with a wide range of non-tire applications across multiple industries. Its unique properties, including elasticity, chemical resistance, and temperature tolerance, make it an ideal choice for applications where natural rubber may not suffice. Emerging trends in the synthetic rubber industry, such as sustainability and advanced materials, are shaping the future of this vital material. Leading companies in the synthetic rubber sector continue to innovate and provide high-quality rubber products to meet the evolving needs of industries worldwide. As technology and materials science advance, synthetic rubber will likely continue to play a critical role in enhancing the performance and sustainability of various products and systems.

Global Non-Tire Synthetic Rubber Market Overview

The Global Non-Tire Synthetic Rubber Market is a dynamic and important subset of the larger rubber industry. Synthetic rubber, as opposed to natural rubber generated from latex, is produced using a variety of chemical methods and has a wide range of qualities and applications. Due to its wide range of uses across several sectors, the Non-Tire Synthetic Rubber Market has experienced significant expansion over the years. Some of these uses are Automotive, building, industrial, footwear, and consumer products. Products made of synthetic rubber are favored because of their strength, resistance to deterioration, and capacity to tolerate adverse environmental conditions. The market is fueled by several reasons, including the expanding automobile sector, expanding infrastructural development, and rising consumer demand for commodities.

The non-tire synthetic rubber industry has grown significantly over the years as a result of its extensive variety of applications in several industries. Some of these applications include those in automotive, construction, industrial, footwear, and consumer goods. Because of their durability, resistance to degradation, and ability to withstand harsh weather conditions, synthetic rubber products are preferred. A variety of factors, such as the growing car industry, the building of new infrastructure, and increased consumer demand for goods, are driving the market. Manufacturers are increasingly working on producing sustainable and ecologically friendly synthetic rubbers to suit the growing demand for eco-friendly products. Efforts in research and development are anticipated to provide new applications for synthetic rubber in areas such as healthcare, aircraft, and electronics.

Global Non-Tire Synthetic Rubber MarketSegmentation Analysis

The Global Non-Tire Synthetic Rubber Market is segmented on the basis of Product, Application, and Geography.

Non-Tire Synthetic Rubber Market, By Product

• Special rubber
• General Rubber

To Get a Summarized Market Report By Product-

Based on Product, the market is segmented into Special rubber and General Rubber. General Rubber accounted for the largest market share of 59.94% in 2022, with a market value of USD 6,303.92 Million, and is projected to grow at a CAGR of 4.97% during the forecast period. Special Rubber was the second-largest market in 2022, valued at USD 4,213.38 Million in 2022; it is projected to grow at the highest CAGR of 6.42%.

Non-Tire Synthetic Rubber Market, By Application

• Footware
• Automotive (non-tire)
• Consumer goods
• Textiles
• Industrial goods
• Others

To Get a Summarized Market Report By Application-

Based on Application, the market is segmented into Footware, Automotive (non-tire), Consumer goods, Textiles, Industrial goods, and Others. Footware accounted for the largest market share of 32.12% in 2022, with a market value of USD 3,377.76 Million, and is projected to grow at a CAGR of 6.05% during the forecast period. Automotive (Non-tire) was the second-largest market in 2022, valued at USD 2,621.28 Million in 2022; it is projected to grow at a CAGR of 5.57%. However, Consumer Goods is projected to grow at the highest CAGR of 7.54%.

Non-Tire Synthetic Rubber Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

On the basis of Regional Analysis, the Global Non-Tire Synthetic Rubber Market is classified into different regions which includes North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia-Pacific accounted for the largest market share of 46.27% in 2022, with a market value of USD 4,866.19 Million and is projected to grow at the highest CAGR of 6.33% during the forecast period. The Asia-Pacific region’s vast manufacturing capabilities, ranging from automotive to electronics production has boosted the non-tire synthetic rubber usage. North America was the second-largest market in 2022, valued at USD 2,175.55 Million in 2022; it is projected to grow at a CAGR of 4.63%. Robust manufacturing of automotive and consumer goods drives synthetic rubber demand in North America.

Key Players

The “Global Non-Tire Synthetic Rubber Market” study report will provide valuable insight with an emphasis on the global market including some of the major players are Sinopec, The Dow Chemicals, DuPont, Exxon Mobil, Kumho Petrochemical, Zeon Corporation, Trinseo, Goodyear, JSR Corporation, SABIC. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• In April 2023, Sinopec opens a new SR facility in China.A joint venture between Baling New Material and the Sinopec subsidiary Hainan Refining & Chemical Co. manages the $278 million project. The factory can produce 170,000 metric tonnes of SBC elastomers annually.
• In July 2022, Lockheed Martin in partnership with the Red River Army Depot, is modernizing M270 with a brand new 600 horsepower engine, an Improved Armored Cab, and Common Fire Control System (CFCS).
• In May 2023, Kumho Petrochemicals and Hankook Tire have signed a Memorandum of Understanding (MOU), which is an agreement for the development of eco-friendly tires, utilizing Eco Solution-polymerized Styrene-Butadiene Rubber (Eco-SSBR).

Report Scope