India Synthetic Rubber Market Size, Share

India Synthetic Rubber Market Report by Type (Styrene Butadiene Rubber, Ethylene Propylene Diene Rubber, Polyisoprene, Polybutadiene Rubber, Isobutylene Isoprene Rubber, and Others), Form (Liquid Synthetic Rubber, Solid Synthetic Rubber), Application (Tire and Tire Component, Non-Tire Automobile Application, Footwear, Industrial Goods, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A21665

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Market Overview:

India synthetic rubber market size reached US$ 2.02 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.66 Billion by 2032, exhibiting a growth rate (CAGR) of 6.40% during 2024-2032. The increasing demand for tires, due to rising vehicle production, replacement demand, and trends such as the growing popularity of electric vehicles, is driving the market.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 2.02 Billion
Market Forecast in 2032	US$ 3.66 Billion
Market Growth Rate 2024-2032	6.40%

Synthetic rubber is an artificial polymer material designed to replicate the properties of natural rubber derived from latex found in certain plants. Common synthetic rubber types include styrene-butadiene rubber (SBR), polybutadiene rubber (BR), and ethylene-propylene rubber (EPR). These materials offer advantages such as enhanced durability, resistance to heat and chemicals, and improved weathering properties compared to natural rubber. Widely used in the automotive, aerospace, and manufacturing industries, synthetic rubber plays a crucial role in tire production, conveyor belts, seals, and various industrial applications, contributing to economic development and ensuring the availability of rubber-based products even in the absence of natural rubber resources.

India Synthetic Rubber Market Trends:

The synthetic rubber market in India is experiencing substantial growth, propelled by several key drivers. Firstly, the automotive industry's relentless expansion, underscored by the increasing demand for tires, has significantly contributed to the market's upward trajectory. As vehicle production escalates regionally, synthetic rubber, a vital component in tire manufacturing, witnesses a parallel surge in demand. Moreover, the burgeoning emphasis on sustainable and eco-friendly practices has led to a surge in the adoption of green tires, which are predominantly made from synthetic rubber. This shift towards eco-conscious alternatives acts as a pivotal driver in steering the synthetic rubber market. In addition to the automotive sector, the construction industry's burgeoning development plays a crucial role in propelling the synthetic rubber market forward. With a surge in infrastructure projects in India, the demand for sealants, adhesives, and other construction materials incorporating synthetic rubber has risen substantially. Furthermore, the consumer goods sector, including the production of footwear and industrial goods, has become a prominent driver. The versatility of synthetic rubber in various applications within this sector, coupled with its cost-effectiveness, has spurred its adoption, driving market growth. In essence, the synthetic rubber market in India is navigating a robust trajectory fueled by the confluence of factors across diverse industries.

India Synthetic Rubber Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, form, and application.

Type Insights:

Styrene Butadiene Rubber
Ethylene Propylene Diene Rubber
Polyisoprene
Polybutadiene Rubber
Isobutylene Isoprene Rubber
Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes styrene butadiene rubber, ethylene propylene diene rubber, polyisoprene, polybutadiene rubber, isobutylene isoprene rubber, and others.

Form Insights:

Liquid Synthetic Rubber
Solid Synthetic Rubber

A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes liquid synthetic rubber and solid synthetic rubber.

Application Insights:

Tire and Tire Component
Non-Tire Automobile Application
Footwear
Industrial Goods
Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes tire and tire component, non-tire automobile application, footwear, industrial goods, and others.

Regional Insights:

North India
West and Central India
South India
East and Northeast India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Synthetic Rubber Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Form Application Region
Types Covered	Styrene Butadiene Rubber, Ethylene Propylene Diene Rubber, Polyisoprene, Polybutadiene Rubber, Isobutylene Isoprene Rubber, Others
Forms Covered	Liquid Synthetic Rubber, Solid Synthetic Rubber
Applications Covered	Tire and Tire Component, Non-Tire Automobile Application, Footwear, Industrial Goods, Others
Regions Covered	North India, West and Central India, South India, East and Northeast India
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India synthetic rubber market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India synthetic rubber market?
What is the breakup of the India synthetic rubber market on the basis of type?
What is the breakup of the India synthetic rubber market on the basis of form?
What is the breakup of the India synthetic rubber market on the basis of application?
What are the various stages in the value chain of the India synthetic rubber market?
What are the key driving factors and challenges in the India synthetic rubber?
What is the structure of the India synthetic rubber market and who are the key players?
What is the degree of competition in the India synthetic rubber market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India synthetic rubber market from 2018-2032.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India synthetic rubber market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India synthetic rubber industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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