Synthetic Rubber Market Report: Industry Trends, Suppliers and Forecast to 2030

IndexBox, Inc.

Companies mentioned in the report: Arlanxeo, Sinopec, KKPC, Petrochina, TSRC, ExxonMobil, Goodyear, NKNH, JSR, Sibur, LG, Versails, Grupo Dynasol, LCY, Kraton, Zeon, Synthos, Trinseo, Asahi, Michelin, Firestone, Lion , Trust

NEW YORK, May 12, 2022 (GLOBE NEWSWIRE) — IndexBox has just released a new report: “US – Synthetic Rubber – Market Analysis, Forecast, Size, Trends and Insights”. Here is a summary of the main findings of the report.

American synthetic rubber Market statistics

Imports

US$1,490.3 million

Exports

US$2,519.4 million

Main foreign suppliers

Japan, Germany, South Korea

Main export destinations

Mexico, Canada, Belgium

The value of the synthetic rubber market in the United States was estimated at $7.7 billion in 2021. This figure reflects the total revenues of producers and importers (excluding logistics costs, middleman margins, which will be included in the final price to the consumer). REQUEST FREE DATA

Consumption and production of synthetic rubber in the United States

In 2021, synthetic rubber consumption in the United States was approx. 2.8 million tons. The total volume of consumption has increased at an average annual rate of +3.0% over the period 2007 to 2021. REQUEST FREE DATA

In 2021, synthetic rubber production was estimated at 3.1 million tonnes. In value, production reached $8.1 billion in 2021. REQUEST FREE DATA

U.S. Synthetic Rubber Exports

In 2021, after four years of decline, overseas shipments of synthetic rubber increased, with their volume increasing by 4.4% to 963,000 tons. In general, however, exports continue to show a significant decline.

In value, synthetic rubber exports soared to $2.5 billion in 2021. The pace of growth appeared fastest in 2010. Exports peaked at $4.2 billion in 2011; however, from 2012 to 2021 exports have been at a slightly lower figure.

Exports by country

Mexico (140,000 tons), Canada (123,000 tons) and Belgium (118,000 tons) were the top destinations for US synthetic rubber exports, together accounting for 41% of total supplies. These countries were followed by China, Brazil, Singapore, India, Japan, Thailand, Taiwan (Chinese), Germany, the Netherlands and South Korea, which represented together 47% more.

In terms of value, Mexico ($264 million), Canada ($238 million), and Belgium ($218 million) appeared to be the largest markets for synthetic rubber exported from the United States globally, together representing 38% of total supplies. China, Brazil, Singapore, the Netherlands, Japan, India, Germany, South Korea, Thailand and Taiwan (Chinese) are slightly behind, together accounting for an additional 44%.

Singapore, with a CAGR of +10.9%, recorded the highest growth rates in terms of export value, in terms of top destination countries from 2007 to 2021, while shipments for other leaders experienced more modest growth rates.

Export prices by country

In 2020, the average synthetic rubber export price was $2,048 per ton, down -12% from the previous year. Prices varied significantly depending on the country of destination: the country with the highest price was the Netherlands ($3,695 per ton), while the average export price to India ($1,570 per ton) was among the lowest. From 2007 to 2020, the most notable growth rate in terms of prices was recorded for deliveries to Japan (+2.1%), while prices for other major destinations experienced more modest growth rates.

U.S. imports of synthetic rubber

In 2021, the amount of synthetic rubber imported into the United States soared to 665,000 tons, up 17% from the previous year. Total import volume increased at an average annual rate of +2.3% from 2007 to 2021.

In value, imports of synthetic rubber increased to $1.5 billion in 2021. During the review period, total imports showed a slight expansion from 2007 to 2021: their value increased at an average annual rate of +2.3% over the past fourteen years. .

Imports by country

South Korea (90,000 tons), Germany (78,000 tons) and Japan (67,000 tons) were the main suppliers of synthetic rubber imports to the United States, together accounting for 41% of total supplies. Mexico, France, Russia, Taiwan (Chinese), Canada, Spain, Czech Republic, Belgium, Italy and Brazil are slightly behind, together accounting for an additional 53%.

By value, the largest suppliers of synthetic rubber to the United States were Japan ($168 million), Germany ($144 million), and South Korea ($126 million), together accounting for 40 % of total imports. France, Mexico, Russia, Canada, Taiwan (Chinese), Spain, Belgium, Italy, Czech Republic and Brazil are slightly behind, together accounting for an additional 48%.

The Czech Republic, with a CAGR of +25.0%, recorded the highest growth rate in the value of imports, at the level of the main suppliers from 2007 to 2021, while the purchases for the other leaders saw increases. more modest growth rates.

Import prices by country

The average import price of synthetic rubber stood at $1,907 per ton in 2020, down -18.6% from the previous year. Prices varied significantly by country of origin: the country with the highest price was Japan ($2,493 per ton), while the price for the Czech Republic ($1,257 per ton) was among the lowest. . From 2007 to 2020, the most notable growth rate in terms of prices was achieved by the Czech Republic (+0.3%), while the prices of the other main suppliers experienced a decline.

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IndexBox is a market research company developing an AI-powered market intelligence platform that helps business analysts find actionable insights and make data-driven decisions. The platform provides data on consumption, production, trade and prices for over 10,000 different products in 200 countries.

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Product coverage

Styrene-butadiene rubber, styrene-butadiene-styrene block copolymers, butadiene rubber, isobutylene-isoprene rubber, halo-isobutene-isoprene rubber, chloroprene latex, acrylonitrile-butadiene rubber latex, acrylonitrile-butadiene rubber, isoprene rubber, ethylene-rubber propylene diene, mixtures of natural rubber (balata, gutta-percha, guayule, chicle, or similar types of natural rubber with synthetic or dummy rubber), and other synthetic rubbers in primary forms.

Related links

synthetic rubber market

natural rubber market

Synthetic latex rubber market

Buta-1,3-diene and isoprene market

Styrene market

CONTACT: Contact Information Mekhrona Dzhuraeva Editor [email protected]

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