Synthetic Rubber Market is projected to display a robust growth represented by a CAGR of 5.0% 2025 | Global Key Players - LANXESS, Sinopec, Goodyear Tire, Kumho Petrochemical, TSRC, JSR, LG Chem, ZEON

A market study ”Global Synthetic Rubber Market” examines the performance of the Global Synthetic Rubber Market 2019. It encloses an in-depth Research of the Synthetic Rubber Market state and the competitive landscape globally. This report analyzes the potential of Synthetic Rubber Market in the present and the future prospects from various angles in detail.

Global Synthetic Rubber Market Overview:

The Global Synthetic Rubber Market is Valued at USD 27.5 Billion in 2016 and anticipated to grow with a healthy growth rate of more than 5.0% over the forecast period 2017-2025.

According to the marker report analysis, the significant factors and trends identified in the Global Synthetic Rubber Market include rapid urbanization, growing demand for durable rubber, and continuous growth of automotive & transportation sector. Rising population along with the increasing per capita disposable income is estimated to drive the growth of the market during the assessment period (2016 to 2025). Growing middle class population combined with constant industrialization has resulted in the expansion of footwear sector, which in turn, is expected to propel the growth of the market.

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The Global Synthetic Rubber Market is segmented on the basis of Product Type, Application and Region. Based on the Product Type, the Global Synthetic Rubber Market is sub-segmented into Styrene Butadiene Rubber, Polybutadiene Rubber, Styrenic Block Copolymer, Butyl Rubber and Nitrile Butadiene Rubber. On the basis of Application, the Global Synthetic Rubber Market is classified into Tire, Non-Tire, Automotive, Footwear, Industrial and others.

In terms of the geographic analysis, the Global Synthetic Rubber Market is dominated by Asia-Pacific region, which is anticipated to contribute more than 40% revenue share in the total market. India is projected to be growing at the highest growth rate over the forecast period. Increasing manufacturing activities in the region and significantly growing investments in automotive sector is fueling growth in the Indian Synthetic Rubber Market. The Asia-Pacific Synthetic Rubber Market is currently dominated by China.

Latest Industry News:

AKRON, Ohio, April 9, 2019 – Directors of The Goodyear Tire & Rubber Company have declared a quarterly dividend of 16 cents per share of common stock. The dividend is payable June 3, 2019, to shareholders of record on May 1, 2019. The payout represents an annual rate of 64 cents per share.

Goodyear is one of the world’s largest tire companies. It employs about 64,000 people and manufactures its products in 47 facilities in 21 countries around the world. Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.

Using standard analytical tools such as SWOT analysis, the report presents the strengths, weakness, opportunities, and threats of the market until the end of the forecast period in 2025. The report also covers an analysis impact of macro and micro factors on the growth of the market, which is essential for existing market players as well as new entities that are interested in participating in the market. Thus, the report analysis helps in formulating informed business decisions by receiving detailed insights into the development of the key market segments.

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Top Leading Key Manufacturers are: LANXESS, Sinopec, The Goodyear Tire and Rubber Company, Kumho Petrochemical, TSRC Corporation, Nizhnekamkneftekhim , JSR Corporation, LG Chem , Versalis S.p.A, ZEON Corporation, Petrochina, Sibur, Synthos, American Synthetic Rubber Company and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Synthetic Rubber in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

With the presence of a large pool of participants, the Global Synthetic Rubber Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). LANXESS, Sinopec, The Goodyear Tire and Rubber Company, Kumho Petrochemical, TSRC Corporation, Nizhnekamkneftekhim, etc.  are some of the key vendors of Synthetic Rubber across the world. These players across Synthetic Rubber Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.

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In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Synthetic Rubber Market.

Major Points in Table of Contents:

Global Synthetic Rubber Market Report 2019

Chapter 1 Global Synthetic Rubber Market Definition and Scope

1.1 Research Objective

1.2 Market Definition

1.3 Scope of The Study

1.4 Years Considered for The Study

1.5 Currency Conversion Rates

1.6 Report Limitation

Chapter 2 Research Methodology

2.1 Research Process

2.1.1 Data Mining

2.1.2 Analysis

2.1.3 Market Estimation

2.1.4 Validation

2.1.5 Publishing

2.2 Research Assumption

Chapter 3 Executive Summary

3.1 Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)

3.2 Key Trends

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