The European synthetic rubber market is forecast to augment with significant market growth during the forecast period. Various application of synthetic rubber in the region is one of the major factors for the growth of the market. The region is one of the major producers of vehicles, which creates the demand for synthetic rubber as the demand for synthetic rubber is majorly dependent on the automobile industry which is the chief purchaser of tires. As per the International Organization of Motor Vehicle Manufacturers, in Europe, around 21.33 million vehicles were manufactured in 2018. Out of this, around 18.7 million were passenger cars and rest were commercial vehicles. A considerable demand from the aftermarket is also generated from the region.

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The European 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 is expected to hold the largest market share during the forecast period. By end-user, the market is further segmented into automobile components, industrial application, footwear, household, and others. Automobile components are expected to hold a major market share during the forecast period. Moreover, the market is also studied Gon the basis of geography. The market is divided into Germany, UK, France, Spain and Italy. Germany is expected to be a major market for synthetic rubber as the country is a major manufacturer of automobile and its parts. Apart from Germany; UK and France are also expected to have a considerable market share in the region. 

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The companies which are contributing significantly in the market include ARLANXEO Holding B.V., Bridgestone Corp., Exxon Mobil Corp., LG Chem, Ltd., SABIC, The Dow Chemical Co., and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.

Market Segmentation

European Synthetic Rubber Market 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))

European Synthetic Rubber Market by End-User

• Automobile component
• Industrial Application
• Footwear
• Household
• Others (Electronics)

Regional Analysis

• UK
• Germany 
• France 
• Spain 
• Italy 
• Rest of European

Company Profiles

• ARLANXEO Holding B.V.
• Asahi Kasei Corp.
• Bridgestone Corp.
• Denka Company Ltd.
• Dynasol Group  
• Exxon Mobil Corp.
• JSR Corp.
• Kuraray Co., Ltd.
• LG Chem, Ltd.
• Lion Elastomers, LLC 
• SABIC 
• Sibur Holding PAO 
• The Dow Chemical Co.
• The Goodyear Tire & Rubber Co.
• The Michelin Group

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