Main Content start here
Main Layout
Report Description

Report Description

Forecast Period

2024-2028

Market Size (2023)

USD30.16 billion

CAGR (2023-2028)

3.31%

Fastest Growing Segment

Styrene Butadiene Rubber (SBR)

Largest Market

 South-Central

Synthetic rubber is an elastic polymer manufactured using crude oil derivatives. Automotive sector in China is the largest end user industry of synthetic rubber, which is extensively used in manufacturing tyres, treads, fan belts, bumpers and dampers. Synthetic rubber is incorporated in the tyres to provide the necessary mechanical strength and abrasion resistance and amounts to roughly 22% of the total weight of raw materials used in manufacturing a tyre. Synthetic rubber market in China is segmented into: Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (PBR), and Styrenic Block Copolymer (SBC), of which SBR and PBR are widely consumed in the country’s tyre industry owing to their excellent mechanical properties and strength. SBC is widely used in the footwear industry and asphalt modification. Other major popular segments of synthetic rubber include Ethylene Propylene-Diene Monomer Rubber (EPDM), Nitrile Butadiene Rubber (NBR), Butyl Rubber or Isobutylene Isoprene Rubber (IIR) and Poly-isoprene or Isoprene Rubber (IR). 

According to recently released TechSci Research report “China Synthetic Rubber Market Forecast & Opportunities, 2020”, the synthetic rubber market in China is projected to cross US$ 12 billion by 2020.  This growth is anticipated on the back of continuously rising production output of the domestic tyre industry along with increasing demand for synthetic rubber from various other industries, such as polymer modification, footwear, asphalt modification and adhesives. Major global tyre manufacturers have set up their production facilities in China, in order to capitalize on the growing synthetic rubber demand in the country. Sinopec Corporation and PetroChina are the largest players operating in the synthetic rubber market of the country. Few of the other major global players having business presence in China include TSRC Corporation, LCY Chemical Corp. and Lanxess. “China Synthetic Rubber Market Forecast & Opportunities, 2020” report elaborates the following aspects related to synthetic rubber market in China:

  • China Synthetic Rubber Market Size, Share & Forecast
  • Segmental Analysis – By Type (SBR, PBR, SBC & Others)
  • Policy & Regulatory Landscape
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

  • To gain an in-depth understanding of China synthetic rubber market
  • To identify the on-going trends and anticipated growth in the next five years
  • To help industry consultants, synthetic rubber manufacturers, vendors and dealers align their market-centric strategies
  • To obtain research based business decisions and add weight to presentations and marketing material
  • To gain competitive knowledge of leading market players
  • To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs     

Report Methodology 

The information contained in this report is based upon both primary and secondary sources. Primary research includes interviews with synthetic rubber manufacturers and industry experts. Secondary research includes an exhaustive search of relevant publications such as company annual reports, financial reports and other proprietary databases.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

Table of content

Table of content

1.     Product Overview

1.1.   Market Definition

1.2.   Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2.     Research Methodology

2.1.   Objective of the Study

2.2.   Baseline Methodology

2.3.   Key Industry Partners

2.4.   Major Association and Secondary Sources

2.5.   Forecasting Methodology

2.6.   Data Triangulation & Validation

2.7.   Assumptions and Limitations

3.     Executive Summary

3.1.   Overview of the Market

3.2.   Overview of Key Market Segmentations

3.3.   Overview of Key Market Players

3.4.   Overview of Key Regions/Countries

3.5.   Overview of Market Drivers, Challenges, Trends

4.     Voice of Customer

5.     China Synthetic Rubber Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value

5.2.   Market Share & Forecast

5.2.1. By Type (Styrene Butadiene Rubber (SBR), Poly Butadiene Rubber (PBR), Styrene Butadiene Copolymer (SBC), Isoprene Rubber (IR), Others)

5.2.2. By Application (Transportation, Construction, Textile, Medical, Food & Beverage, Others)

5.2.3. By Region

5.2.4. By Company (2022)

5.3.   Market Map

6.     East China Synthetic Rubber Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value

6.2.   Market Share & Forecast

6.2.1. By Type

6.2.2. By Application

7.     North & North-East China Synthetic Rubber Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value

7.2.   Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

8.     Southwest China Synthetic Rubber Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value

8.2.   Market Share & Forecast

8.2.1. By Type

8.2.2. By Application     

9.     South-Central China Synthetic Rubber Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value

9.2.   Market Share & Forecast

9.2.1. By Type

9.2.2. By Application     

10.  Northwest China Synthetic Rubber Market Outlook

10.1.    Market Size & Forecast

10.1.1.   By Value

10.2.    Market Share & Forecast

10.2.1.   By Type

10.2.2.   By Application

11.  Market Dynamics

11.1.    Drivers

11.2.    Challenges

12.  Market Trends & Developments

13.  China Economic Profile

14.  PESTLE Analysis

15.  Porter’s Five Forces Analysis

15.1.    Competition in the Industry

15.2.    Potential of New Entrants

15.3.    Power of Suppliers

15.4.    Power of Customers

15.5.    Threat of Substitute Product

16.  Competitive Landscape

16.1.    Business Overview

16.2.    Company Snapshot

16.3.    Products & Services

16.4.    Financials (In case of listed companies)

16.5.    Recent Developments

16.6.    SWOT Analysis

16.6.1.   Sinopec Corporation

16.6.2.   PetroChina Company Limited

16.6.3.   Shen Hua Chemical Industrial Co. Ltd.

16.6.4.   Huizhou LCY Elastomers Corp.

16.6.5.   Hangzhou Zhechen Rubber Co., Ltd.

16.6.6.   Ningbo Shunze Rubber Co., Ltd.

16.6.7.   Panjin Heyun Industrial Group Co., Ltd.

16.6.8.   Chi Mei Corporation

17.  Strategic Recommendations

Figures and Tables


Frequently asked questions

Frequently asked questions

The market size of the China Synthetic Rubber Market was estimated to be USD30.16 billion in 2022.

Sinopec Corporation, PetroChina Company Limited, Shen Hua Chemical Industrial Co. Ltd., Huizhou LCY Elastomers Corp., Hangzhou Zhechen Rubber Co., Ltd., Ningbo Shunze Rubber Co., Ltd., Panjin Heyun Industrial Group Co., Ltd., Chi Mei Corporation are some of the key players operating in the China Synthetic Rubber Market.

Fluctuations in prices of raw materials are the major challenges faced by the China Synthetic Rubber Market in the upcoming years.

Growing demand of synthetic rubber from transportation, food and beverage, and medical industry are majorly driving the growth of the China Synthetic Rubber Market.

Related Reports