India Synthetic Rubber Demand On Import Leash As Tariffs Begin Biting

​​​​​​​India’s synthetic rubber industry closed FY2024-25 (April 1, 2024, to March 31, 2025), with signs of sustained demand but moderating expansion in domestic supply. The year reflected a sector still awaiting meaningful transition, pushed forward by automotive growth, but still reliant on imports to balance its needs. The underlying narrative was one of widening consumption, incremental production gains, and a gradual shift in the balance between natural and synthetic rubber.