Production volume of synthetic rubber in India FY 2013-2024

India's synthetic rubber production volume was estimated to reach approximately *** thousand metric tons in fiscal year 2024, marking a decline from the previous year's *** thousand metric tons. This decrease contrasts with the country's natural rubber sector, which has seen consistent growth recently. The divergence between synthetic and natural rubber production highlights the complex dynamics within India's rubber industry. 

Natural rubber sector growth

While synthetic rubber production faces challenges, India's natural rubber sector continues to thrive. The country’s natural rubber production was expected to reach around ******* metric tons in fiscal year 2024, representing an increase from the previous year and the fifth consecutive year of growth. The expansion of land area dedicated to rubber cultivation has contributed to this steady growth. 

Rubber production and consumption trends 

Among the various types of natural rubber produced in India, ribbed smoked sheet leads in production volume in 2024. The country's reclaimed rubber production, reaching about ***** thousand metric tons in fiscal year 2023 also plays a significant role worldwide. India's position as the world's second-largest consumer of natural rubber, behind China, underscores the importance of both natural and synthetic rubber production to meet domestic demand.