The report on the Global Synthetic Rubber Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Synthetic rubber is a polymeric component synthetically prepared from petroleum monomers. Synthetic rubber undergoes deformation very easily as compared to other polymers and thus has a wide range of end- user applications. Synthetic rubber is used in end-user applications like footwear, automobile tires, adhesives, rubber coatings, construction, machinery parts, sealants, hoses and others.
Synthetic rubber along with several applications also has some beneficial properties. It can be molded into desired shape and size and have several benefits over natural rubber. Products segment the global synthetic rubber into ethylene–propylene (EPDM), nitrile butadiene rubber (NBR), styrene butadiene rubber (SBR), polybutadiene (BR) and others (IIR, CR, TPR, ABS, etc.) Based on end-use global synthetic rubber is classified as industrial goods, footwear, tires and others (Adhesives, Asphalt Overlay, Etc.). Styrene butadiene rubber is the most popularly used product with wide range of industrial uses.
Increase in the demand for vehicles surges market growth of automobile and in turn facilitates rapid growth of global synthetic rubber market. Synthetic rubber has many benefits over natural rubber and is cost effective yet efficient as compared to natural rubber. These factors significantly empower the growth of this market. Other applications are expected to augment market growth of synthetic rubber for the forecast.
Geographically, global synthetic rubber market is segmented as Europe, Asia Pacific, North America, Latin America and Middle East and Africa. Asia Pacific is geography wise the most dominant region of this market. Ever increasing population in India and China and demand for vehicles in these region support market growth of Asia Pacific. Europe and North America are developed economies with mature markets and expected to show substantial growth for the forecast.
Key players in global synthetic rubber market are:
- Exxon Mobil Corporation
- Kumho Petrochemical
- Lanxess AG
- Sumitomo Chemical Co. Ltd.
- TSRC Corporation
- The Dow Chemical Company
- Versalis S.p.A.
- Asahi Kasei Corporation
- China National Petroleum Corporation (CNPC)
- China Petroleum & Chemical Corporation (Sinopec Corporation)
- Dynasol Elastomers S.A.
- DuPont.
SEGMENTATIONS IN REPORT:
Synthetic Rubber By Product
- Styrene Butadiene Rubber (SBR)
- Polybutadiene (BR)
- Ethylene–propylene (EPDM)
- Nitrile Butadiene Rubber (NBR)
- Others (IIR, CR, TPR, ABS, etc.)
Synthetic Rubber By End-User
- Tires
- Industrial Goods
- Footwear
- Others (Adhesives, Asphalt Overlay, Etc.)
Synthetic Rubber By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East And Africa
The Global Synthetic Rubber Market has been exhibited in detail in the following chapters -
Chapter 1 Synthetic Rubber Market Preface
Chapter 2 Executive Summary
Chapter 3 Synthetic Rubber Industry Analysis
Chapter 4 Synthetic Rubber Market Value Chain Analysis
Chapter 5 Synthetic Rubber Market Analysis By Product
Chapter 6 Synthetic Rubber Market Analysis By End-User
Chapter 7 Synthetic Rubber Market Analysis By Geography
Chapter 8 Competitive Landscape Of Synthetic Rubber Companies
Chapter 9 Company Profiles Of Synthetic Rubber Industry