Australia Synthetic Rubber Market

Australia Synthetic Rubber Market Overview:

The Australia synthetic rubber market size reached USD 564.3 Million in ​2024​. Looking forward, IMARC Group expects the market to reach USD 881.5 Million by ​2033​, exhibiting a growth rate (CAGR) of 4.7% during 2025-2033. The market is growing consistently, led by increasing demand from the automobile, construction, and industrial industries. Greater emphasis on lasting and economical material has propelled the use of synthetic rubber in products. Technological innovations and increasing investments in local production are also complementing the development of the market. These trends all play their parts to make the Australia synthetic rubber market share competitive and dynamic.

Australia Synthetic Rubber Market Trends:

Growth in Automotive and Tire Industry

The demand for synthetic rubber in Australia has seen a significant boost because of the increasing automotive and tire industry. With Australia still witnessing growth in automotive production and vehicle ownership, demand for high-performance tires and non-tire automotive products has risen sharply. Synthetic rubber, especially Styrene Butadiene Rubber (SBR) and Ethylene Propylene Diene Rubber (EPDM), plays a vital role in the production of long-lasting, high-performance tires. For instance, in December 2023, the first Synthetic Turf Recycling Hub in Australia, RE4ORM, will launch in April 2024 in Barnawartha, Victoria, providing sustainable recycling of synthetic turf material for use in new projects. Moreover, the trend is further boosted by the growing use of electric vehicles (EVs), which need proprietary tires. Synthetic rubber is also widely utilized in non-tire automotive products like seals, gaskets, and hoses, making its consumption higher. The growth path of Australia synthetic rubber is heavily dependent on these industries, with expanding demand set to continue fueling the market. As these industries grow, the share of the market is set to see continuous expansion, reflecting on the overall market trend.

Trend towards Environmentally Friendly Synthetic Rubber Alternatives

The shift towards sustainability and eco-awareness in Australia is promoting development and uptake of environmentally friendly synthetic rubber alternatives. These products, which increasingly include renewable materials or minimize the environmental footprint of conventional manufacturing processes, are gaining acceptance among producers. Developments like bio-based synthetic rubbers and those with better recyclability are on the upswing, both spurred by regulatory pressures and consumers' demands for more sustainable products. This movement is in harmony with the nation's goal to cut carbon emissions and encourage circular economy values. With increasing demand for greener products, manufacturers are putting money into research and development to produce high-performance synthetic rubbers without sacrificing quality. The outlook for the Australia synthetic rubber market growth indicates a consistent rise in environmentally friendly products, following international trends. Consequently, the market share of green synthetic rubber is expected to boost, further influencing the growth of the industry in Australia.

Growth of Industrial Applications

The industrial applications of synthetic rubber are growing in Australia, as manufacturing, construction, and infrastructure sectors more heavily depend upon the material to produce different commodities. Synthetic rubbers, such as Polybutadiene Rubber (BR) and Isobutylene Isoprene Rubber (IIR) are applied in an extensive list of industrial products, including conveyor belts, seals, gaskets, hoses, and flooring materials. This diversification in uses has promoted an expansion of the market for synthetic rubber since industries increasingly require strong, multi-purpose, and inexpensive products. The wave towards automation as well as an expansion of manufacturing industries in Australia also contribute towards driving demand for top-quality synthetic rubbers which have high performance to withstand stressful environments and produce consistent results. The market share in industrial uses is ready for consistent growth, and this will be expected to translate favorably in the Australia synthetic rubber rate of growth, underpinning the prospects of further expansion in the market across various industries.

Australia Synthetic Rubber Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, form, and application.

Type Insights:

• Styrene Butadiene Rubber
• Ethylene Propylene Diene Rubber
• Polyisoprene
• Polybutadiene Rubber
• Isobutylene Isoprene Rubber
• Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes styrene butadiene rubber, ethylene propylene diene rubber, polyisoprene, polybutadiene rubber, isobutylene isoprene rubber, and others.

Form Insights:

• Liquid Synthetic Rubber
• Solid Synthetic Rubber

A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes liquid synthetic rubber and solid synthetic rubber.

Application Insights:

• Tire and Tire Component
• Non-Tire Automobile Application
• Footwear
• Industrial Goods
• Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes tire and tire component, non-tire automobile application, footwear, industrial goods, and others.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Synthetic Rubber Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia synthetic rubber market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia synthetic rubber market on the basis of type?
• What is the breakup of the Australia synthetic rubber market on the basis of form?
• What is the breakup of the Australia synthetic rubber market on the basis of application?
• What is the breakup of the Australia synthetic rubber market on the basis of region?
• What are the various stages in the value chain of the Australia synthetic rubber market? 
• What are the key driving factors and challenges in the Australia synthetic rubber?
• What is the structure of the Australia synthetic rubber market and who are the key players?
• What is the degree of competition in the Australia synthetic rubber market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia synthetic rubber market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia synthetic rubber market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia synthetic rubber industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.