India Synthetic Rubber Market (2025-2031) Outlook | Value, Size, Companies, Share, Forecast, Analysis, Revenue, Industry, Growth & Trends

India Synthetic Rubber Market Synopsis

The India synthetic rubber market was valued at USD 2.9 billion in 2025 and is expected to reach a value of USD 3.6 billion by 2025, registering a CAGR of 4.4% during the forecast period. The growth can be attributed to increasing industrialization, rising demand for automobiles and consumer goods, growing trend of green tires, development in infrastructure such as highways and roads along with rising disposable income among end users. Additionally, the flourishing construction industry has also augmented the consumption of synthetic rubber products across various applications such as adhesives & sealants, molded parts & gaskets etc.

Market Drivers of the market

The India synthetic rubber market is being driven by the growth of the automotive industry and the increasing demand for rubber products. Synthetic rubber, including styrene-butadiene rubber (SBR) and polybutadiene rubber (PBR), is extensively used in tire manufacturing and other automotive components. The expanding transportation sector and the rising vehicle ownership in India contribute to the demand for synthetic rubber. Moreover, the increasing adoption of synthetic rubber in various industrial applications, such as footwear, hoses, and conveyor belts, further propels the market`s growth. The efforts of key players in product development and technological advancements to enhance the performance and sustainability of synthetic rubber are also supporting the market`s development.

Challenges of the Market

The India synthetic rubber market faces challenges related to the fluctuating cost of raw materials and the competition from natural rubber. Synthetic rubber is derived from petrochemical feedstocks, making it vulnerable to fluctuations in crude oil prices. This can impact the production cost of synthetic rubber and affect product pricing. Additionally, the availability and pricing of natural rubber can influence the demand for synthetic rubber in various applications. Market players need to adopt effective cost management strategies and explore alternative feedstocks to mitigate the impact of raw material price fluctuations. Moreover, promoting the advantages of synthetic rubber, such as consistent quality and performance, can help in overcoming the competition from natural rubber and increasing its adoption in various industries.

Covid-19 Impact on the Market

The India synthetic rubber market faced diverse impacts from the COVID-19 pandemic. The slowdown in automotive and manufacturing sectors during the lockdown period led to a decline in the demand for synthetic rubber used in tires and automotive components. However, with the gradual resumption of economic activities and the increasing demand for personal vehicles as a safe mode of transportation during the pandemic, there was a recovery in demand for synthetic rubber. Moreover, the rising demand for healthcare products, including gloves and medical equipment, drove the demand for synthetic rubber used in healthcare applications. Key players, including India Synthetic Rubber Limited (ISRL), Reliance Industries Limited, and LG Chem Ltd., adapted to the changing market conditions and focused on product diversification to meet the varying demands of end-users during the pandemic.

Key Players of the Market

In the India synthetic rubber market, key players are pivotal in providing a wide range of rubber products for diverse industries. Companies like India Synthetic Rubber Limited (ISRL), Reliance Industries Limited, and LG Chem Ltd. are among the major players in this market. These companies manufacture and supply synthetic rubber, including styrene-butadiene rubber (SBR) and polybutadiene rubber (PBR), used in various applications such as automotive, footwear, industrial goods, and healthcare. They focus on product quality, consistency, and customization to meet the specific requirements of their customers.

Key Highlights of the Report:

• India Synthetic Rubber Market Outlook
• Market Size of India Synthetic Rubber Market, 2024
• Forecast of India Synthetic Rubber Market, 2031
• Historical Data and Forecast of India Synthetic Rubber Revenues & Volume for the Period 2021-2031
• India Synthetic Rubber Market Trend Evolution
• India Synthetic Rubber Market Drivers and Challenges
• India Synthetic Rubber Price Trends
• India Synthetic Rubber Porter's Five Forces
• India Synthetic Rubber Industry Life Cycle
• Historical Data and Forecast of India Synthetic Rubber Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Rubber Market Revenues & Volume By Styrene Butadiene Rubber for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Rubber Market Revenues & Volume By Nitrile Rubber for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Rubber Market Revenues & Volume By Polybutadiene Rubber for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Rubber Market Revenues & Volume By Butyl Rubber for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Rubber Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Rubber Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Rubber Market Revenues & Volume By Tire for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Rubber Market Revenues & Volume By Non-tire Automotive for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Rubber Market Revenues & Volume By Industrial Rubber Goods for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Rubber Market Revenues & Volume By Footwear for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Rubber Market Revenues & Volume By Others for the Period 2021-2031
• India Synthetic Rubber Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• India Synthetic Rubber Top Companies Market Share
• India Synthetic Rubber Competitive Benchmarking By Technical and Operational Parameters
• India Synthetic Rubber Company Profiles
• India Synthetic Rubber Key Strategic Recommendations