Japan synthetic rubber market is expected to grow at a modest growth during the forecast period. The country is one of the major rubber consumers globally. There are more than 1,200 companies involved in the business of rubber products with 20 synthetic rubber manufacturing companies effective manufacturing plants in Japan. Bridgestone Corp., Sumitomo Rubber Industries Ltd., Yokohama Rubber Co. Ltd., and Toyo Tire & Rubber Co. Ltd. are the Japanese based tire companies that have their plants for synthetic rubber. 

Japan has the third-largest automobile industry after China and the US. There is a diverse variety of rubber products manufactured in Japan, majorly driven by automobile rubber products. Tires and anti-vibration rubber for cars are the rubber products in the automobile application. The synthetic rubber industry in Japan is driven by the growing demand for high vehicle ownership and increasing demand for better quality tires. Moreover, the country exports tire and rubber products to tire manufacturers in the Middle East, Europe, and North America. On the other hand, Japan imports most of its tires from major tire manufacturing Asian countries including Thailand, Indonesia, and Malaysia. Kanto and Kansai regions of Japan held a cumulative market share of more than 45%, in volume terms.  

Presence of companies such as Toyota, Honda, Daihatsu, Nissan, Suzuki, Mazda, Mitsubishi, Subaru, Isuzu, Kawasaki, Yamaha, and Mitsuoka in Japan and its contribution in the global automotive market is contributing to the surge the demand for tires in Japan. The other factors that make Japan rubber industry as one of the most established manufacturers of secondary processed goods such as belts, hoses, anti-vibration, and seismic isolation rubber, rolls, sheet rubber, sealing materials, and medical products. Diverse rubber products manufactured in the country are driving the overall growth of the market. 

The 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. Styrene-Butadiene rubber is expected to hold a significant market share during the forecast period. By end-user, the market is divided into automobile components, industrial application, footwear, household, and others. By end-user, automobile components are expected to hold a major market share in the near future. 

The companies which are contributing significantly in the market include Asahi Kasei Corp., Bridgestone Corp., Sumitomo Chemical Co., Ltd., JSR Corp., Tosoh Corp., LG Chem, Ltd., SABIC, The Dow Chemical 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. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for rubber companies, chemical companies, automotive & auto-ancillary companies, footwear companies, electronics companies, aircraft manufacturing companies, vendors, government organizations, and venture capitalists for the comprehensive market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Japan Synthetic Rubber Market Research and Analysis by Type
2. Japan Synthetic Rubber Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of Japan Synthetic Rubber Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Japan Synthetic Rubber Market.
• Insights about market determinants which are stimulating Japan Synthetic Rubber Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.