Germany Synthetic Rubber Market: Global Size, Industry Trends, Leading Players,

Posted by mansi on January 29th, 2020

Germany synthetic rubber market is expected to show a lucrative market growth during the forecast period. Germany is one of the largest exporters of synthetic rubber and products in the European Union. The production and consumption of synthetic rubber in Germany is majorly driven by the established automobile sector of the country. The increasing demand for tires in the automotive sector is augmenting the market growth for synthetic rubber. Germany is one of the world’s most reputable and well-known automotive industry. Germany has the highest number of OEM plants in Europe. There are currently more than 40 OEM sites in Germany. As per the Organization of Motor Vehicle Manufacturers, German automobile manufacturers produced over 5 million passenger vehicles in 2018 which is around 7% of the global passenger vehicle production. 

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Germany synthetic rubber market is divided based on type and end-user. By type, the market is further segmented into Styrene Butadiene Rubber, Polybutadiene Rubber, Ethylene Propylene Rubber, Isoprene Rubber, and others. During the forecast period, Styrene-Butadiene rubber is expected to hold the largest market share. By end-user, the market is further segmented into automobile components, industrial application, footwear, household, and others. Automobile components will have the largest market share in the country.

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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., Lion Elastomers, LLC, SABIC, The Dow Chemical Co., The Goodyear Tire & Rubber Co., The Michelin Group 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. For instance, in March 2019, Goodyear Tire & Rubber Co. announced to upgrade two Dunlop tire plants in Germany. The company is spending around 2 million on plant upgrades. The upgrade is for improving plant productivity and improve competitiveness and production of premium consumer tires that are 17 inches and larger in diameter. 

Market Segmentation

Germany 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))

Germany Synthetic Rubber Market by End-User

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

Company Profiles

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

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Joined: January 22nd, 2020
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