Insights on the US Synthetic Rubber Market to 2019 | Industry Statistics, Emerging Demands, Forecast to 2025

The US is one of the largest consumers of rubber and is an extensive market for synthetic rubber and its products. Synthetic rubber is mainly used in the manufacturing of tires, footwear, wire, industrial rubber goods such as hoses and belts, and cable coverings, adhesives, and sporting goods. Moreover, it is used for airplane tires, surgical gloves, and many of the other products. However, the major demand for rubber is driven by the automobile sector as automobiles tires are made of synthetic rubber blended with natural rubber. The automotive industry is the largest end-user of synthetic rubber contributing to its production. In the US, the production of synthetic rubbers is contained in standard industry classification (SIC) grouping 2822.

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The demand for synthetic rubber is majorly dependent on the automobile industry, which is a major purchaser of tires. As per the International Organization of Motor Vehicle Manufacturers, the US has manufactured about 11.3 million vehicles in 2018, out of which around 75% are commercial vehicle and 25% are passenger cars. Natural rubber accounted for 40% of the rubber used in tires, and the remaining 60% is fragmented among a number of synthetic rubbers. SBR, butyl, and butadiene rubbers are the primary synthetics used in tire construction. These rubbers are used in different tire parts, such as the carcass, tread, and sidewall.

The US synthetic rubber market is segmented on the basis of type and end-user. By type, the market is further segmented into Styrene Butadiene Rubber, Polybutadiene Rubber, Ethylene Propylene Rubber, Isoprene Rubber, and others. Styrene-Butadiene Rubber will hold the largest market share during the forecast period. By end-user, the market is segmented into tires & other automobile components, industrial application, footwear, household, and others. Tires and other automobile component is expected to have a major market share during the forecast period in the country.

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US Synthetic Rubber Market Segmentation

By Type

· Styrene-Butadiene Rubber (SBR)

· Polybutadiene Rubber (BR)

· Ethylene Propylene Rubber (EPDM)

· Isoprene Rubber (IR)

· Others (Nitrile Butadiene Rubber (NBR), Butyl Rubber (IIR), Chloroprene Rubber (CR))

By End-User

· Automobile Component

· Industrial Application

· Footwear

· Household

· Others (Electronics, Aerospace)

Company Profiles

· ARLANXEO Holding B.V.

· Asahi Kasei Corp.

· Bridgestone Corp.

· Denka Company Ltd.

· Dynasol Group

· Exxon Mobil Corp.

· Firestone Polymers, LLC

· JSR Corp.

· Kuraray Co., Ltd.

· LCY Chemical Corp.

· LG Chem, Ltd.

· SABIC

· The Dow Chemical Co.

· The Goodyear Tire & Rubber Co.

· The Michelin Group

· Tosoh Corp.

· Trinseo LLC

· TSRC Corp.

· Ube Industries, Ltd.

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