Synthetic Rubber Market Research Report Countries, Growth Rate, Latest Trends, Future Technologies Forecast to 2023
The major players operating in the Synthetic Rubber Market are LANXESS (Germany), The Dow Chemical Company (U.S.), Versalis S.p.A. (Italy), Kumho Petrochemical (South Korea), JSR Corporation (Japan), LGChem (SouthKorea), Exxonmobil (U.S.), Asahi Kasei Corporation (Japan), Sumitomo Chemical Co., Ltd. (Japan), ZEONCorporation (Japan) among others.
Get Free Sample Request @ https://www.marketresearchfuture.com/sample_request/4952
Synthetic Rubber is classified as elastic polymer from which rubber is obtained and manufactured on the basis of petrochemical raw material. It is mostly used with natural rubbers as a single polymer or in mixture and is majorly produced synthetically by polymerization. It is predominantly used as the main constituent of the tires used on automobiles, airplanes, and bicycles. It finds a wide application scope in numerous end use industries such as footwear, industrial, construction, automotive & transportation, and others.
Some of the important factors that positively influence the growth of the Synthetic Rubber Market are increasing per capita disposable income, rising demand for lightweight footwear, and growing construction industry. Rapid urbanization combined with rising per capita disposable income in various countries across the globe is estimated to drive the growth of the market during the forecast period. Moreover, rising demand for durable as well as oil resistant rubber and increasing investment in construction activities is likely to propel the market growth over the estimated period, 2016 to 2023.
The Global Synthetic Rubber Market is segmented into type, end use, and region. On the basis of region, the market is segmented into SBR, NBR, BR, EPDM, SBC, others. Other type includes IR, IIR, and CR. Among them, SBR is the extensively used type of Synthetic Rubber in large quantities in automobile and heavy vehicle truck tires, on account of its abrasion resistant as well as heat resistant qualities.
Moreover, SBR possess low temperature flexibility, excellent water resistance, and heat aging properties and can be utilized for bonded to a wide range of materials. SBR accounted for the largest market share among other type segment because of it usage in the manufacturing of tubes, gaskets, conveyor belt covers, lining rubber, hoses, belts, tires, and seals. SBR is followed by BR and SBC.
Polybutadiene rubber (BR) is predicted to witness healthy growth during the forecast period on account of its wide utilization in end use industries such as building & construction as well as footwear. On the basis of end use, the market is classified into construction, automotive & transportation, industrial, footwear, and others. Among them, automotive & transportation account for the largest end use segment followed by construction.
Increasing automotive production & sales along with increasing purchasing power of consumer is predicted to fuel the segment. Moreover, increasing construction activities including residential and commercial is predicted to drive the construction segment with healthy CAGR.
Asia Pacific is expected to be the largest market for Synthetic Rubber followed by Europe and North America on account of increasing demand from numerous end use industries such as building & construction and automobile & transportation among others. Emerging countries of Asia Pacific such as China, India, Thailand, Japan, and South Korea are the fastest growing market for synthetic rubber, and is predicted to grow with the same pace in the near future.
In Asia Pacific, some of the driving factors for market growth are strong economic growth rate, competitive manufacturing costs, and availability of inexpensive raw material. Europe Synthetic Rubber Market is estimated to witness a steady growth due to continuous growth of footwear industry. North America is expected to witness a substantial growth during the assessment period on account of rising demand for Synthetic Rubber in construction industry. The Middle East & African countries is estimated to witness strong market growth due to increasing building & construction activities. In Latin America market growth is majorly due to expansion of automotive sector.
Table of Contents:
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Synthetic Rubber Market
5 Industry Overview Of Global Synthetic Rubber Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
List of Tables:
Table 1 World Population By Major Regions (2016 To 2023)
Table 2 Global Synthetic Rubber Market: By Region, 2016-2023
Table 3 North America Synthetic Rubber Market: By Country, 2016-2023
Table 4 Europe Synthetic Rubber Market: By Country, 2016-2023
Table 5 Asia-Pacific Synthetic Rubber Market: By Country, 2016-2023
Table 6 Middle East & Africa Synthetic Rubber Market: By Country, 2016-2023
Table 7 Latin America Synthetic Rubber Market: By Country, 2016-2023
Table 8 Global Synthetic Rubber By Type Market: By Regions, 2016-2023
Table 9 North America Synthetic Rubber By Type Market: By Country, 2016-2023
Table 10 Europe Synthetic Rubber By Type Market: By Country, 2016-2023
Table 11 Asia-Pacific Synthetic Rubber By Type Market: By Country, 2016-2023
Table 12 Middle East & Africa Synthetic Rubber By Type Market: By Country, 2016-20
Access Full Report @ https://www.marketresearchfuture.com/reports/synthetic-rubber-market-4952
List of Figures:
FIGURE 1 Global Synthetic Rubber Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Synthetic Rubber Market
FIGURE 4 Value Chain Of Global Synthetic Rubber Market
FIGURE 5 Share Of Global Synthetic Rubber Market In 2016, By Country (In %)
FIGURE 6 Global Synthetic Rubber Market, 2016-2023,
FIGURE 7 Sub Segments Of Type
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
+1 646 845 9312
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Synthetic Rubber Market Research Report Countries, Growth Rate, Latest Trends, Future Technologies Forecast to 2023 here
News-ID: 1810196 • Views: 257
More Releases from Market Research Future - MRFR
High Temperature Coatings Market Analysis, Key Growth Drivers, Challenges, Leadi …
Market Research Future Published a Half-Cooked Research “Global High temperature coatings Market Research Report- Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023. https://www.marketwatch.com/press-release/high-temperature-coatings-market-2019--premium-insight-industry-trends-competitive-news-feed-analysis-company-usability-profiles-market-sizing-forecasts-to-2023-2019-04-30 AkzoNobel N.V. (the Netherlands), The Sherwin-Williams Company (U.S.), PPG Industries Inc. (U.S.), The Valspar Corporation (U.S.), Axalta Coating Systems (U.S.), Jotun (Norway), Aremco (U.S.), Carboline (U.S.), Hempel (Denmark), Belzona International Ltd. (U.K.), Whit ford (U.S), and Weilburger Coatings GmbH (Germany), among others
Low GWP Refrigerants Market 2019: With Top Key Player and Countries Data: Trends …
Market Research Future has published a half-cooked research report on the Global Low GWP Refrigerants Market. Market Overview The global low GWP refrigerants was valued at USD 17.2 Billion in 2018 growing with the CAGR of 11.12% during the forecast period. The market is driven by limited environmental impact of low GWP refrigerants coupled with increasing demand for air conditioners and refrigeration. Global low (GWP) refrigerants are essential fluid for absorbing heat.
Global Cool Roof Coatings Market Analysis, Key Growth Drivers, Challenges, Leadi …
Cool Roof Coatings Market was valued at USD 3.3 million in 2018 and is expected to register a CAGR of 7.2% from 2019 to 2024. Cool roof coating is a fluid applied to the roofing membrane, which helps to regulate temperature and results in energy saving. The types of materials that are used in cool roof coatings are elastomeric and infrared (IR)reflective. Cool roof coating fluids are gaining importance due to the
Carbon Fiber Prepreg Market Analysis, Key Growth Drivers, Challenges, Leading Ke …
Market Research Future Published a Half-Cooked Research Report on Global Carbon Fiber Prepreg Market. Carbon fiber prepreg are used in a wide range of industry application owing to their excellent properties such as chemical, heat, and moisture resistance, high tensile strength, and superior mechanical properties among others. It is extensively used in applications pertaining to aerospace & defense, automobiles, sports equipments, wind power and others. The rising growth aerospace & defense
More Releases for Synthetic
Synthetic Graphite Market : Trends and Forecast
Stratview Research has launched a research report on Synthetic Graphite Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Synthetic Graphite Market from 2017 to 2022. This is segmented in five ways to provide a 360 degree holistic view. The segments are – · by Form (Synthetic Electrode, Synthetic Block, Synthetic Carbon Fiber, and Synthetic
Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Innovation Benchmarking in Synthetic Zeolite Market
A high volume of players are currently present in the global specialty zeolites market, as stated in a research report released by Transparency Market Research. The leaders of the market for 2015 – Tosoh Corporation, Arkema Group, BASF SE, and W.R. Grace & Co. – held a collective share of 34.7% in its overall value. The players in the market are spread out in terms of size, thereby creating a
Synthetic Leather Market Quantitative Apprehension 2025
Global Synthetic Leather Market: Snapshot Synthetic leather or artificial leather, is made using polyvinyl chloride, (PVC) or polyurethane (PU). Over the past few years, it has soared in popularity as it closely resembles natural leather in feel and appearance. Unlike actual leathers, manufacturers can create high durable and low-maintenance products such as purses, bags, diary covers, stationery items, belts, garments, wallets and a variety of sports items, which can be made
SYNTHETIC APERTURE RADAR (SAR) MARKET
Synthetic aperture radar market refers to the space and air-based SAR that functions on the principle of transmission and reception of the reflected signals that interact with the ground and aid in the imaging, tracking, detection and characterization. SAR finds significant applications over the conventional electro optical (EO) imaging systems, primarily owing to microwaves being able to penetrate through clouds and provide consistent 24 hour, all weather data efficiency. Increasing traction
Synthetic Marble Market Evolving Industry Trends 2025
Synthetic marble is a blend of fillers such as calcium carbonate and silica; and synthetic resins such as polyester and acrylate, pigments, and gel coat. Marble powder, calcium carbonate, and fine grained sand are the primary raw materials for the manufacture of synthetic marble. Synthetic marble has high tensile strength compared to natural marble and is more durable. It is also known as cultured marble or engineered marble. It is