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South America Synthetic Rubber Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

South America Synthetic Rubber Market: By Type (Acrylic Rubber (ACM), Butadiene Rubber (BR), Butyl Rubber (IIR), Ethylene Propylene Diene Monomer (EPDM), Isoprene Rubber (IR), Nitrile Rubber (NBR), Silicone Rubber (SiR), Styrene Butadiene Rubber (SBR), Others); Application (Tire and Non-Tire, Footwear, Erasers, Sports Items, Hoses, Belts, Seals, Industrial Goods, Others); Form (Solid, Liquid); End-User (Transportation, Building and Construction, Medical, Textile & Apparel, Food & Beverage, Others); Country— Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2023–2031

  • Published Date: Apr-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0423413  | Delivery: 2 to 4 Hours


The South American Synthetic Rubber Market stood at $1,367.47 million in 2022. 

The South American Synthetic Rubber Market is estimated to grow at a CAGR of 4.19% during the forecast period of 2023-2031.

A rising demand for motor vehicles worldwide, due to increasing disposable income and changing lifestyles of people, will act as a driving force for the South American Synthetic Rubber Market. 

The volatility and fluctuations in the prices of raw materials may act as a barrier, slowing down the South American Synthetic Rubber Market.

The various segmentations considered to analyze market growth are based on type, application, form, end user, and country.

The rising sale of electric vehicles is likely to act as an opportunity for the market growth of the South American Synthetic Rubber Market.

Styrene Butadiene Rubber (SBR) held the highest market share, at 31.4%, in the year 2022. 

Tire and non-tire was the highest application segment in 2022, with a market share of 54.5%. 

Transportation, Building & Construction, and Textile & Apparel are the top 3 industries for the South American Synthetic Rubber Market in 2022, with market shares of 54.6%, 17.9%, and 11.0% respectively. 

Brazil, Colombia, and Argentina dominated the South American Synthetic Rubber Market in 2022, with market shares of 40.6%, 19.4%, and 16.3% respectively.

ContiTech, Goodyear, HM Rubber, Rubber Brasil, Sumitomo Chemical Co. Ltd., and Yokohama are the key players in the market.

Mg Industria E Commercio S.A., Industries De Calcados Kissol Ltda, Vulcabras Azaleia & Dakota Nordeste S.A. are some of the prominent, local customers in the market.

The different applications of synthetic rubber in the market are tire and non-tire, footwear, erasers, sports items, hoses, belts, seals, industrial goods, and others.