Global synthetic rubber market continues to grow in 1.

Synthetic rubber is a synthetic polymer with high elasticity. It has excellent heat resistance, oil resistance, cold resistance, wear resistance, aging resistance and other properties. It is widely used in tires, hoses, tapes, rubber shoes and other fields. There are a wide variety of synthetic rubbers, including butadiene rubber, emulsion styrene butadiene rubber, styrene block copolymers, solution styrene butadiene rubber,EPDMButyl rubber, nitrile rubber, etc.

according to the champ consultancy survey,2023The size of the global synthetic rubber market will reach2.6Billion tons, year-on-year growth5.1%. expected2028The size of the global synthetic rubber market will reach3.2billion tons, with a compound annual growth rate4.2%. The growth of the global synthetic rubber market is mainly driven by the following factors:

（1) development of the automobile industry. The automotive industry is the largest consumer of synthetic rubber, accounting for about of total global consumption.70%. With the recovery and growth of global automobile production and sales, as well as the rapid development of new energy vehicles and smart vehicles, the demand for high-performance tires and other auto parts will continue to increase, thereby driving the expansion of the synthetic rubber market.

（2) Innovation of new material technology. With the improvement of science and technology and the diversification of consumer demand, the synthetic rubber industry continues to introduce new varieties, new processes and new application fields to meet the special needs of different industries and fields. For example, bio-based synthetic rubber, degradable synthetic rubber, conductive synthetic rubber and other new synthetic rubber have broad application prospects in medical devices, electronic information, environmental engineering and other fields.

（3) market potential in developing countries. Economic growth, population growth, urbanization, infrastructure construction and other factors in developing countries have provided huge space for the consumption of synthetic rubber. Especially in China, India, Southeast Asia and other regions, the growth rate of synthetic rubber demand is higher than the global average, becoming the growth engine of the synthetic rubber market.

2. global synthetic rubber capacity is unevenly distributed, with Asia dominating

The production process of synthetic rubber involves complex chemical reactions and sophisticated equipment, which requires a high level of technology and capital investment. Therefore, the global distribution of synthetic rubber production capacity is not balanced, mainly concentrated in some developed countries and regions, as well as some countries and regions with rich resources or large market demand.

according to the champ consultancy survey,2023The global synthetic rubber production capacity will reach2.7billion tons, of which50%The above are from Asia, followedEMEA(Europe, the Middle East and Africa)regions, accounting for global capacity16%Around; North America as a percentage14%around; Russia and Latin America both account10%The following.

In the Asian region,2023In 2010, China's production capacity will account for more55%, accounting for more than 1/3 of the global production capacity, China is the world's largest producer of synthetic rubber. In addition, Japan, South Korea, Thailand, India and other countries are also important synthetic rubber producers in Asia.

InEMEAarea,2023In 2010, Germany, France, Italy, the Netherlands and other European countries are the main synthetic rubber producers, the Middle East is represented by Saudi Arabia, and the African region is represented by South Africa.

In North America,2023In 2010, the United States was the absolute largest producer of synthetic rubber, while Canada and Mexico had relatively small production capacity.

In Russia and Latin America,2023Russia is the largest producer of synthetic rubber in the region, and South American countries such as Brazil and Argentina also have a certain scale of production capacity.

3. global synthetic rubber competition pattern presents oligopoly characteristics

The synthetic rubber industry has high technical and capital barriers, resulting in a limited number of competitors in the industry and high market concentration. according to the champ consultancy survey,2023Year, GlobalTOP10The total capacity of synthetic rubber producers will account for the total global capacity.60%Above.

Among them, Arang Sinko, a subsidiary of Saudi Aramco.(Arlanxeo)The company has long been the world's largest producer of synthetic rubber.2023year,ArlanxeoThe annual production capacity of synthetic rubber will exceed220Ten thousand tons, accounting for the total global production capacity.8%Above.ArlanxeoHas a variety of types of synthetic rubber products, including butadiene rubber, emulsion styrene butadiene rubber, styrene block copolymer, solution styrene butadiene rubber,EPDM, butyl rubber, nitrile rubber, etc., covering the main segments of the synthetic rubber market.ArlanxeoGlobally owned14production bases, distributed in9countries, serving customers around the world.

Second, China Petroleum & Chemical Corporation(Sinopec)and China National Petroleum Corporation(PetroChina)It is the two largest synthetic rubber producers in China and an important synthetic rubber producer in the world.2023The annual production capacity of synthetic rubber of Sinopec and PetroChina will reach180Tons and14010,000 tons, respectively, of total global production capacity.6.7%and5.2%. Sinopec and PetroChina mainly produce butadiene rubber, emulsion styrene-butadiene rubber,EPDMSuch products, mainly serving the domestic market, but also exported to Asia, Europe and other regions.

Once again, Russia's largest oil and gas company Siberia-Ural Petrochemical Joint Company(Sibur)under itsNizhnekamskneftekhim(NKNH)It is one of the world's largest producers of butadiene rubber.2023year,Tenon kit for NikonThe annual production capacity of synthetic rubber will reach120Ten thousand tons, accounting for the total global production capacity.4.4%。Tenon kit for NikonMainly produces butadiene rubber, emulsion styrene butadiene rubber, solution styrene butadiene rubber and other products, mainly exported to Europe, Asia and other regions.

In addition, Kumho Petrochemical, South Korea's largest petrochemical company(KKPC)ExxonMobil, the largest oil company in the United States.(Exxon Mobil)Poland's largest producer of synthetic rubberSynthosGoodyear, the largest tire manufacturer in the United States.(Goodyear)Italy's largest petrochemical companyVersaillesand the largest oil company in JapanENEOSIt is also an important competitor in the global synthetic rubber market.

4. Strategic Recommendations to Enhance Market Concentration

Shangpu Consulting believes that although the global synthetic rubber industry has shown a high market concentration, there are still some problems and challenges, such as unreasonable product structure, insufficient technological innovation capabilities, increased pressure on environmental protection, and intensified market competition. In order to enhance market concentration and improve industry efficiency and competitiveness, Champu Consulting recommends that synthetic rubber companies adopt the following strategies:

（1) Strengthen technological innovation and product development. Technological innovation is a key factor to enhance the core competitiveness of the synthetic rubber industry. Synthetic rubber enterprises should increase investment in research and development of new material technology, develop new varieties, new processes and new application fields that meet market demand and environmental protection requirements, and improve the added value and differentiated competitiveness of products. At the same time, synthetic rubber companies should strengthen cooperation with universities, scientific research institutions, industry associations, etc., share technical resources, and improve technical level and innovation capabilities.

（2) Optimize capacity layout and product mix. Capacity layout and product structure are important factors affecting the efficiency and effectiveness of the synthetic rubber industry. Synthetic rubber enterprises should reasonably plan the global or regional capacity layout according to market demand and resource conditions, avoid overcapacity or shortage, and improve capacity utilization and market share. At the same time, synthetic rubber companies should optimize product structure, increase the proportion of high-end products, reduce the proportion of low-end products, and improve product profitability and market competitiveness according to the characteristics and needs of different market segments.

（3) Strengthen mergers and acquisitions and cross-border cooperation. Mergers and acquisitions and cross-border cooperation are effective ways to enhance the market concentration of synthetic rubber industry. Synthetic rubber companies should actively seek opportunities for mergers and acquisitions or cross-border cooperation with domestic and foreign counterparts or upstream and downstream companies, and achieve complementary advantages, coordinated development, and enhance competitiveness by integrating resources, expanding scale, expanding markets, and sharing technology.

（4) Strengthen environmental protection and social responsibility. Environmental protection and social responsibility are necessary to promote the sustainable development of the synthetic rubber industry. Synthetic rubber enterprises should strictly abide by the environmental regulations and standards of various countries or regions, strengthen the treatment and emission reduction of waste gas, waste water, waste residue and other pollutants in the production process, and reduce the impact on the environment. At the same time, synthetic rubber companies should actively fulfill their social responsibilities, pay attention to the health and safety of employees, care about the development and well-being of the community, and establish a good corporate image and social reputation.