Press release
Synthetic Rubber Market -Trending Opportunities 2018-2026 | Industry Players- Kumho Petrochemical, Sibur, JSR Corporation, Trinseo, Eastman Chemical Corporation
Synthetic Rubber Market was valued at US$ 28.26 billion in 2017, and is expected to increase to US$ 44.91 billion by 2026, registering a CAGR of 5.4% over the forecast period from 2017 to 2026.
Synthetic rubber is an artificial rubber and is made from different raw materials such as styrene, butadiene, chloroprene, isoprene, acrylonitrile, isobutylene, ethylene, and propylene. Rubber demand is mainly stimulating with accelerating production of automobile products.
Synthetic rubber market is mainly driven by its high utilization in the automobile industry for both tire and non-tire applications. On account of its resilience, toughness, and elasticity it is one of the basic and major constituents of tires in the automobile industry. More than half of the the total rubber consumption takes place in manufacturing tires for aircrafts, automotive vehicles, and bicycles. Apart from this, a significant portion is utilized for mechanical parts and the consumer products.
Request for a sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/synthetic-rubber-market/request-for-free-sample
Automotive is one of the fastest growing application segments for the market. The emergence of smart electric hybrid vehicles is continuously brimming with technology and has witnessed rapid growth rate as its an energy-efficient alternative. Such energy-efficient automotive have led to increased use of rubber in the tire and non-tire applications of the consumer vehicles. Heavy-duty vehicles have also witnessed large manufacturing, especially in the emerging nations.
Growth in the income level of consumers and improved standard of living is also a mega trend that has led to increased manufacturing of vehicles and thus increased consumption of synthetic rubber. Such trends indicate a long-term sustainable growth in the demand for consumer durables globally. This in turn will lead to increased demand in the overall consumption of good, and thus increased utilization of synthetic rubber in the industrial sector. .
Global synthetic rubber industry is characterized by rationalization and consolidation in the value chain. The demand has grown substantial for the synthetic rubber but with a slow closure of the overcapacity gap. Some of the growth prospects for the industry include drive for productivity improvements and consumption moving towards site of production in order to reduce cost and logistics inefficiencies.
Browse Complete summary of this report with TOC on “Synthetic Rubber Market by Application and End User – Global Industry Analysis and Forecast to 2026” at: https://www.polarismarketresearch.com/industry-analysis/synthetic-rubber-market/
Competitive Landscape and Key Vendors
Asia Pacific is the largest regional segment for the synthetic rubbers with China as the major producer globally. Rapid industrialization, rising middle class and growing economy growth are some of the significant reasons behind China being the largest producer for synthetic rubber. Indian Subcontinent and Southeast Asian countries also have significant growth prospects for the synthetic rubber.
Top Key Players-
The global synthetic rubber industry is moderately fragmented and highly competitive along with the high degree of integration across the manufacturing and distribution stage. Some of the major synthetic rubber market players include LANXESS, Sinopec, China National Petroleum Corporation (CNPC), Sibur, Kumho Petrochemical, JSR Corporation, Asahi Kasei Chemical Corporation, Trinseo, Eastman Chemical Corporation, and Ashland Inc.
Key Segments
Feedstock Segment
• SBR
• EPDM
• IR
• PBR
• Others
Application Segments
• Tire & Tire Components
• Non-Tire Automobile Applications
• Footwear
• Industrial Goods
• Others
Region
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and Africa
Enquire about this Report @ https://www.polarismarketresearch.com/industry-analysis/synthetic-rubber-market/inquire-before-buying
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact us
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.com
Synthetic rubber is an artificial rubber and is made from different raw materials such as styrene, butadiene, chloroprene, isoprene, acrylonitrile, isobutylene, ethylene, and propylene. Rubber demand is mainly stimulating with accelerating production of automobile products.
Synthetic rubber market is mainly driven by its high utilization in the automobile industry for both tire and non-tire applications. On account of its resilience, toughness, and elasticity it is one of the basic and major constituents of tires in the automobile industry. More than half of the the total rubber consumption takes place in manufacturing tires for aircrafts, automotive vehicles, and bicycles. Apart from this, a significant portion is utilized for mechanical parts and the consumer products.
Request for a sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/synthetic-rubber-market/request-for-free-sample
Automotive is one of the fastest growing application segments for the market. The emergence of smart electric hybrid vehicles is continuously brimming with technology and has witnessed rapid growth rate as its an energy-efficient alternative. Such energy-efficient automotive have led to increased use of rubber in the tire and non-tire applications of the consumer vehicles. Heavy-duty vehicles have also witnessed large manufacturing, especially in the emerging nations.
Growth in the income level of consumers and improved standard of living is also a mega trend that has led to increased manufacturing of vehicles and thus increased consumption of synthetic rubber. Such trends indicate a long-term sustainable growth in the demand for consumer durables globally. This in turn will lead to increased demand in the overall consumption of good, and thus increased utilization of synthetic rubber in the industrial sector. .
Global synthetic rubber industry is characterized by rationalization and consolidation in the value chain. The demand has grown substantial for the synthetic rubber but with a slow closure of the overcapacity gap. Some of the growth prospects for the industry include drive for productivity improvements and consumption moving towards site of production in order to reduce cost and logistics inefficiencies.
Browse Complete summary of this report with TOC on “Synthetic Rubber Market by Application and End User – Global Industry Analysis and Forecast to 2026” at: https://www.polarismarketresearch.com/industry-analysis/synthetic-rubber-market/
Competitive Landscape and Key Vendors
Asia Pacific is the largest regional segment for the synthetic rubbers with China as the major producer globally. Rapid industrialization, rising middle class and growing economy growth are some of the significant reasons behind China being the largest producer for synthetic rubber. Indian Subcontinent and Southeast Asian countries also have significant growth prospects for the synthetic rubber.
Top Key Players-
The global synthetic rubber industry is moderately fragmented and highly competitive along with the high degree of integration across the manufacturing and distribution stage. Some of the major synthetic rubber market players include LANXESS, Sinopec, China National Petroleum Corporation (CNPC), Sibur, Kumho Petrochemical, JSR Corporation, Asahi Kasei Chemical Corporation, Trinseo, Eastman Chemical Corporation, and Ashland Inc.
Key Segments
Feedstock Segment
• SBR
• EPDM
• IR
• PBR
• Others
Application Segments
• Tire & Tire Components
• Non-Tire Automobile Applications
• Footwear
• Industrial Goods
• Others
Region
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and Africa
Enquire about this Report @ https://www.polarismarketresearch.com/industry-analysis/synthetic-rubber-market/inquire-before-buying
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact us
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.com
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