Summary

Synthetic rubber production and the synthetic rubber market in Europe hold significant importance in both regional and global contexts. Europe has a long history of involvement in the synthetic rubber industry, characterized by innovation, research, and a strong emphasis on sustainability. There are a number of organizations and associations in Europe that support the production and consumption of synthetic rubbers. One of these organizations include; European Tyre and Rubber Manufacturers' Association (ETRMA) is a trade association that represents the interests of the European tire and rubber industry. It has a number of working groups, including the Synthetic Rubber Working Group, which promotes the use of synthetic rubber in the European tire and rubber industry. The VCI (Verband der Chemischen Industrie or German Chemical Industry Association) is a powerful and influential association that represents the interests of the chemical industry in Germany, which encompasses synthetic rubber production. The French Center for Rubber and Polymers (CFCP) is made up of five organizations intended to support the development of the rubber industry in France and Europe. In addition to these organizations, there are also a number of European government programs that support the production and consumption of synthetic rubbers. The European Commission's Horizon Europe research program has funded a number of projects on the development of new synthetic rubber products and processes. For example, the project "Sustainable Synthetic Rubber Production from Renewable Resources" is developing new synthetic rubber products that are made from renewable resources, such as agricultural waste and biomass. The European Rubber Journal (ERJ) is a monthly trade magazine that covers the rubber industry in Europe and beyond. It is published by NUERJ Ltd, a subsidiary of the Rubber and Plastics Research Association (RAPRA).

According to the research report, “Europe Synthetic Rubber Market Outlook, 2028” published by Bonafide Research, the market is expected to add more than USD 2.5 Billion from 2023-2028. The synthetic rubber market in Europe is currently experiencing a significant expansion, driven by a confluence of factors that underscore the region's commitment to technological advancements, sustainability, and economic growth. One of the primary catalysts behind this growth is the continuous introduction of innovative products. European manufacturers have been at the forefront of developing cutting-edge synthetic rubber compounds that offer enhanced performance characteristics, durability, and environmental sustainability. These innovations have not only met the rising demands of established sectors like automotive, construction, and manufacturing but have also opened doors to new applications in emerging industries. Research and innovation play a pivotal role in this expansion. European nations have a rich history of investing in research and development, fostering collaboration between academia and industry. This investment has led to ground-breaking developments in synthetic rubber technology, from novel materials with improved resilience to eco-friendly formulations that align with stringent environmental regulations. These advancements have given European manufacturers a competitive edge in the global synthetic rubber market, attracting not only domestic but also international interest and investments. The emergence of new companies and start-ups in the synthetic rubber sector is another key driver of growth. These dynamic, innovative enterprises are injecting fresh perspectives and disruptive technologies into the market, challenging traditional players and stimulating healthy competition. Additionally, these newcomers often emphasize sustainability and eco-friendliness, aligning with the growing consumer and regulatory focus on reducing the carbon footprint of synthetic rubber production.

The market for synthetic rubber is segmented by geography, with several European countries playing pivotal roles in its development and growth. Among these nations, Germany stands out as a longstanding forerunner in synthetic rubber innovation and market leadership. In the annals of synthetic rubber production, Germany's historical significance cannot be overstated. A remarkable milestone in the 1930s was the creation of Buna rubber, a groundbreaking development that showcased Germany's commitment to research and development in the field. This spirit of innovation has persisted throughout the years, with a continual focus on enhancing the durability, performance, and sustainability of synthetic rubber products. Germany's influence in the synthetic rubber industry is substantial, and it is home to various industry associations and groups dedicated to advocating for the interests of synthetic rubber producers, manufacturers, and other stakeholders. Notably, the VCI (Verband der Chemischen Industrie or German Chemical Industry Association) represents the chemical and rubber industry in Germany, which includes synthetic rubber manufacturers. This organization plays a pivotal role in shaping industry standards, promoting sustainable practices, and fostering collaboration within the sector. France, on the other hand, has carved a compelling narrative in the synthetic rubber industry, characterized by a strong emphasis on innovation and adaptation. The quality, sustainability, and innovative nature of French synthetic rubber have been prominently displayed in various applications. High-performance tires, construction seals, and healthcare applications have all benefited from the superior qualities of French synthetic rubber. These applications not only showcase the adaptability of the French industry but also underscore its commitment to producing synthetic rubber that meets the highest standards of quality and environmental responsibility. These European nations along with the United Kingdom, Spain, Italy, and Russia collectively play essential roles in shaping the global synthetic rubber landscape and are poised to continue leading in this dynamic industry.

The market is segmented based on the form of synthetic rubbers, into Solid and Liquid. Out of all of them, the solid form has historically dominated the market for a number of reasons. Solid synthetic rubbers are widely used in many various industries and applications due to their strength and adaptability. One of the primary reasons for their dominance is their adaptability in being readily molded and processed into a wide range of finished goods. This includes applications in the automobile sector, where solid synthetic rubber is widely used to make tires, gaskets, seals, and other vehicle components. Their resilience to wear and tear and their capacity to endure high-stress situations make them indispensable in these applications. In the construction sector, solid synthetic rubber is also preferred for use in the production of gaskets, insulating materials, and weather-resistant seals. Its broad use is facilitated by its resilience to environmental changes and durability. Liquid synthetic rubber, such as liquid silicone rubber (LSR), polyurethane liquid rubber, and liquid latex rubber, has gained substantial market share, primarily due to its versatility and the unique advantages it offers. Liquid rubbers are typically employed in applications where conformability, sealing, and coating properties are paramount. They can be poured, sprayed, or brushed onto surfaces, forming a seamless protective layer with excellent adhesion properties. This is especially valuable in industries like construction, where liquid rubber is used for sealing and waterproofing, or in automotive manufacturing, where it serves as a reliable bonding and sealing agent.

The market is segmented based on the type of synthetic rubbers being used, including butyl rubber, nitrile rubber, ethylene propylenediene rubber, polyisoprene rubber, styrene butadiene rubber, and others. The market for synthetic rubber has been dominated by polybutadiene synthetic rubber because of its remarkable qualities and extensive range of uses. It is well known for having exceptional abrasion resistance, low-temperature flexibility, and great resilience. Due to its capacity to increase tire tread endurance and decrease rolling resistance, which improves fuel efficiency, this adaptable material is frequently utilized in tire production. Furthermore, polybutadiene rubber finds use in a range of industrial settings, such as conveyor belts and footwear, where its strength and resilience are extremely advantageous. Another big participant in the synthetic rubber industry is styrene-butadiene rubber (SBR). It is a copolymer of butadiene and styrene that provides a balance between styrene's abrasion resistance and polybutadiene's flexibility. SBR is widely utilized in the manufacturing of car tires because it offers an excellent balance between performance and affordability, making it a well-liked option in the automotive sector. Another significant player in the synthetic rubber business is butyl rubber. It is well renowned for having extraordinary gas and moisture impermeability, which makes it perfect for usage in inner tubes, tire inner liners, and other sealing applications. Because of its low gas permeability and resistance to weathering and ozone, butyl rubber is an invaluable material for maintaining the performance and integrity of items that need a robust air and moisture barrier.

The market is segmented based on the end-user of synthetic rubbers. In European countries, the automotive industry holds the significant market share. In tire production, types like Styrene Butadiene Rubber (SBR) and Polybutadiene Rubber are essential for enhancing tire durability, reducing rolling resistance, and ensuring road grip. Additionally, synthetic rubber components such as seals, gaskets, hoses, and vibration-damping parts are indispensable in vehicles, ensuring reliable and efficient operation. This contribution to the automotive industry underscores the importance of synthetic rubber in maintaining the safety and reliability of vehicles. Consumer goods is another sector where synthetic rubber holds a substantial market share. The flexibility and durability of synthetic rubber make it ideal for the production of a wide range of consumer products. From footwear to sporting goods and various moulded products, synthetic rubber's adaptability and ability to provide comfort, resilience, and shock absorption are highly valued by manufacturers and consumers alike. Europe consumers benefit from the quality and performance of products made with synthetic rubber in the form of shoe soles, grips on kitchen tools, or the cushioning in everyday items. Synthetic rubber materials are employed in the medical field due to their biocompatibility and sterilizability. Medical gloves, tubing, seals, and gaskets are commonly made from synthetic rubbers, ensuring hygiene, safety, and durability in various healthcare settings. These materials are essential for maintaining aseptic conditions and facilitating medical procedures. The chemical industry employs synthetic rubbers due to their excellent resistance to a wide range of chemicals. In this sector, synthetic rubbers are used for manufacturing protective gloves, gaskets, and linings that ensure the safe handling of various chemical substances. Their impermeability to chemicals and durability are critical for protecting workers and preventing chemical exposure. Furthermore, synthetic rubber linings are often used in tanks, pipelines, and other equipment that come into contact with corrosive chemicals. These linings help to maintain the integrity of the equipment, reduce maintenance costs, and ensure the safe and efficient operation of chemical processes.

Companies covered in this report: Asahi Kasei Corporation, Exxon Mobil Corporation, The Dow Chemical Company, LG Chem, Sumitomo Chemical Co., Ltd., Mitsubishi Chemical Group Corporation, The Goodyear Tire & Rubber Company, Apcotex Industries Ltd, Denka Company Limited, Michelin, Saudi Arabia's Basic Industries Corporation.

Considered in this report:
• Geography: Europe
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Europe Synthetic Rubber market Outlook with its value and forecast along with its segments
• Country-wise Synthetic Rubber market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Country covered in the report:
• Germany
• United Kingdom
• France
• Spain
• Italy
• Russia

By Form Type:
• Solid
• Liquid

By Type:
• Styrene Butadiene Rubber
• Polybutadiene Rubber
• Ethylene Propylenediene Rubber
• Polyisoprene Rubber
• Neoprene Rubber
• Nitrile Rubber
• Butyl Rubber
• Others

By End User Industry:
• Automotive
• Consumer Goods
• Industrial Goods
• Chemical
• Medical
• Pulp & Paper
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Synthetic Rubber industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.




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