Synthetic rubber refers to any artificial elastomer, which are mainly polymers synthesized from byproducts of the petroleum refining process. There are approximately 20 different chemical types of synthetic rubber, with different grades of rubber in each of those chemical categories. About 52 percent of the rubber supply worldwide is synthetic rubber.
Rubber has a large stretch ratio, is highly waterproof, and has a high resilience, making it a very useful material that can be used for a wide variety of applications either alone or in combination with other materials. Approximately 60 percent of the worldwide consumption of rubber is attributable to the global tire manufacturing industry, while the remaining rubber consumption is used to manufacture a wide variety of products such as rubber boots, rubber mulch, rubber bands, and more.