China Synthetic Rubber Market Trends Tracking Growth with Statistics

China Synthetic Rubber Market has valued at USD 30.16 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.31% through 2028. China is a leading global producer and exporter of synthetic rubber. The country's synthetic rubber market is primarily driven by its automobile sector and exports to foreign countries. China holds the position of the largest automobile manufacturer worldwide. 

In China, the utilization of synthetic rubber in construction has emerged as a key driver in the country's synthetic rubber market. Rubber's inherent elastic properties make it an ideal material for construction applications. It can withstand extreme temperatures, resist corrosion, and remain flexible over a wide range of conditions. These characteristics contribute to the longevity and resilience of construction components such as seals, gaskets, roofing membranes, and waterproofing systems.

One of the primary advantages of synthetic rubber in construction is its exceptional water resistance. Rubber-based materials are widely used for sealing applications, preventing water leakage and moisture ingress in various structures. Whether it is in the form of rubberized coatings, sealants, or adhesives, synthetic rubber provides a reliable barrier against water, contributing to the durability and integrity of buildings.

The construction industry often faces challenges related to vibrations and excessive noise. Synthetic rubber's ability to absorb shocks and dampen vibrations makes it a valuable material for mitigating these issues. Rubber-based materials, such as bearing pads and isolation mounts, help reduce the transmission of vibrations in structures, ensuring improved comfort, stability, and safety.

Certain types of synthetic rubbers, when properly compounded, exhibit flame-resistant properties. This characteristic is particularly crucial in the construction industry, where fire safety is paramount. Flame-resistant rubber compounds, such as neoprenes and hypalons, are used in applications that require passive fire protection, enhancing the overall safety of buildings. Rubber calendering is a common process in the textile industry that utilizes synthetic rubber to manufacture different types of fabrics.

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By combining rubber with textiles, manufacturers can enhance the fabric's durability, flexibility, and performance. Rubber calendering plays a crucial role in producing materials used for diverse applications, such as conveyor belts, hoses, seals, and drive belts. Rubber hoses have been a staple in the textile industry for many years. Synthetic rubber, reinforced with cotton or other fabrics, is widely used to create hoses that are resistant to wear, pressure, and chemical exposure.

These hoses find applications in various textile processes, such as dyeing, spinning, weaving, and transportation of fluids. The textile industry heavily relies on synthetic fibers, with polyester being the most common. Synthetic fibers, including those reinforced with rubber, offer superior strength, durability, and resistance to harsh conditions.

The China Synthetic Rubber Market segmentation is based on Type, Application, By Company, and Region

As the industry moves towards a circular economy, there is an increasing demand for synthetic rubber materials that can be recycled and reused, reducing waste and environmental impact. Collaboration and partnerships also drive innovation and market expansion in the synthetic rubber sector. Strategic alliances between manufacturers and end-users, such as automotive companies, tire makers, and textile industries, foster open communication channels and enable the customization of products to meet specific requirements.

By working closely with end-users, manufacturers can understand market needs, develop tailored solutions, and expand their product offerings to new applications and sectors. EVE Rubber Institute, a leading research institution in China, has signed agreements with Ecombine Advanced Materials and Arlanxeo High-Performance Elastomer (Changzhou).

This collaboration aims to develop and explore synthetic rubber applications specifically for tire manufacturing. However, fluctuations in the prices of raw materials are expected to slow down the growth of the market in the coming years.

Some of the major companies operating in the China Synthetic Rubber Market include:

• 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

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“Certain regions, particularly the south-central region, are projected to exert significant demand for synthetic rubber in China. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their synthetic rubber productivity each year, are expected to contribute to a remarkable growth of the China Synthetic Rubber Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

China Synthetic Rubber Market By Type (Styrene Butadiene Rubber (SBR), Poly Butadiene Rubber (PBR), Styrene Butadiene Copolymer (SBC), Isoprene Rubber (IR), Others), By Application (Transportation, Construction, Textile, Medical, Food & Beverage, Others), By Region, Competition, Forecast and Opportunities, 2018-2028F has evaluated the future growth potential of China Synthetic Rubber Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in China's Synthetic Rubber Market.

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Table of Content-China Synthetic Rubber Market 

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, and Trends

4. Voice of Customers
5. Impact of COVID-19 on China Synthetic Rubber Market
6. China Synthetic Rubber Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & By Volume

6.2. Market Share & Forecast

6.2.1. By Type (Styrene Butadiene Rubber, Polybutadiene Rubber, SBC and Others)

6.2.2. By Application (Tyres, Polymer Modification, Footwear and Others)

6.2.3. By Region (East China, North and Northeast China, Southwest China, South Central China, Northwest China)

6.2.4. By Company (2022)

6.3. Market Map

6.3.1. By Type

6.3.2. By Application

6.3.3. By Region

7. China Styrene Butadiene Rubber Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & By Volume

7.2. Market Share & Forecast

7.2.1. By Application