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 ethyleneâ€“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. and DuPont.
Decision Databases is involved in providing research reports and company profiles in the global synthetic rubber market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The synthetic rubber market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our synthetic rubber profiles.
SEGMENTATIONS IN REPORT:
Synthetic Rubber By Product
1. INTRODUCTION TO THE SYNTHETIC RUBBER MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF SYNTHETIC RUBBER
4. SYNTHETIC RUBBER MARKET ANALYSIS BY PRODUCT
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