The global synthetic rubber market, valued at around USD 34.8 billion in 2025, is projected to climb to USD 42.88 Billion by 2030, growing at a CAGR of 4.21% between 2025 & 2030. This report offers a clear view into how synthetic rubber demand is being shaped by electric vehicle (EV) adoption, industrial manufacturing, and healthcare needs.
The Asia-Pacific region leads in both volume and growth rate, driven by expanding automotive and production infrastructure.
Key Trends:
Electric Vehicle Boom Driving Specialized Grades
As EVs hit the mainstream, manufacturers are demanding rubber compounds that tackle the heavier battery load and the instant torque typical of electric motors. Solution-polymerized styrene-butadiene rubber (S-SBR) is gaining traction because it helps reduce rolling resistance and extend tire lifespan-essential for EV performance
Broadening Industrial Applications
Synthetic rubber is no longer just for tires. It's increasingly used in conveyor belts, hoses, and seals within renewable energy setups and heavy industries. Industrial applications are becoming the fastest-growing segment, reinforcing steady demand outside automotive sectors.
Growth in Healthcare Segments
Medical and consumer goods, especially gloves and other medical items, have shown strong upticks. The pandemic spotlighted the need for synthetic rubber in healthcare applications-demand that continues to support market volume.
Transition to Bio-Based Inputs
A shift toward bio-based feedstocks, such as isoprene derived from plant sources, is underway. Biobased isoprene is already ahead with an 8.4% CAGR forecast from 2025 to 2030, reflecting sustainability commitments from producers.
Source: openpr