What's driving the Synthetic Rubber Market trends? LANXESS, China National Petroleum Corporation (CNPC), Kumho Petrochemical, Sibur, JSR Corporation

Market Study Report, LLC, has added a detailed study on the Synthetic Rubber Market which provides a brief summary of the growth trends influencing the market. The report also includes significant insights pertaining to the profitability graph, market share, regional proliferation and SWOT analysis of this business vertical. The report further illustrates the status of key players in the competitive setting of the Synthetic Rubber Market, while expanding on their corporate strategies and product offerings.

The global synthetic rubber market is is cyclic in nature with production fluctuations. The demand for the rubber products fluctuates based on the trends in the end-use market and movement of global rubber prices. Moreover, development in the synthetic rubber industry has been based on well targeted R&D efforts with research based on economic viability through end-use sectors.

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Synthetic Rubber Market is the most efficient product of the rubber industry as its counterpart, natural rubber requires chemical enhancement for delivering high-performance. Synthetic rubber consumption has grown on account of growing rubber demand in the different automobile applications. The largest market in the application sector of the synthetic rubber is driven by the replacement of motor vehicle tires. Moreover, a pick up in the global manufacturing activity in the past five years has spurred rubber demand in non-tire applications as well.

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 Sinopec, LANXESS, China National Petroleum Corporation (CNPC), Kumho Petrochemical, Sibur, JSR Corporation, Trinseo, Eastman Chemical Corporation, Asahi Kasei Chemical Corporation, and Ashland Inc.

Different types of synthetic rubbers are available in the market and are used as per the application types. Some of these synthetic rubber products include styrene butadiene rubber (SBR), polyisoprene (PS), ethylene-propylenediene rubber (EPDM), polybutadiene rubber (BR), and few others. Styrene butadiene rubber is the largest type of synthetic rubber consumed in different types of applications on account of its excellent mechanical properties.

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.

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 it's 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.

Asia Pacific is the largest regional segment for the synthetic rubbers with China as the major producer globally. Rubber market in Eastern Europe and Central & South America are also anticipated to witness considerable growth during the forecast period. North America and Western Europe are moderately mature markets for synthetic rubber and are expected to witness stagnating growth rates.

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Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Synthetic rubber Market Insights
3.1. Synthetic rubber industry snapshot
3.2. Synthetic rubber value chain & distribution analysis
3.3. Synthetic rubber production trends and further capacity expansion analysis
3.4. Synthetic rubber market dynamics
3.4.1. Synthetic rubber Market driver analysis
3.4.2. Synthetic rubber Market restraint/challenges analysis
3.4.3. Synthetic rubber Market opportunity analysis
3.5. Industry analysis - Porter's five force
3.6. Synthetic rubber market PEST analysis, 2017
3.7. Synthetic rubber industry trends
3.8. Competitive company ranking analysis
4. Synthetic rubber Market Size and Forecast, By Product
4.1. Key Findings
4.2. SBR
4.3. EPDM
4.4. IR
4.5. PBR
4.6. Others
5. Synthetic rubber Market Size and Forecast, By Application
5.1. Key Findings
5.2. Tire & Tire Components
5.3. Non-Tire Automobile Applications
5.4. Footwear
5.5. Industrial Goods
5.6. Others
6. Synthetic rubber Market Size and Forecast by Regions
6.1. Key findings
6.2. North America
6.2.1. US.
6.2.2. Canada
6.3. Europe
6.3.1. Germany
6.3.2. UK
6.3.3. France
6.4. Asia Pacific
6.4.1. China
6.4.2. India
6.4.3. Japan
6.5. Latin America
6.5.1. Brazil
6.5.2. Mexico
6.6. Middle East & Africa
7. Company Profiles
7.1. Sinopec
7.1.1. Overview
7.1.2. Financials
7.1.3. Product Benchmarking
7.1.4. Recent Developments
7.2. LANXESS
7.2.1. Overview
7.2.2. Financials
7.2.3. Product Benchmarking
7.2.4. Recent Developments
7.3. China National Petroleum Corporation (CNPC)
7.3.1. Overview
7.3.2. Financials
7.3.3. Product Benchmarking
7.3.4. Recent Developments
7.4. Kumho Petrochemical
7.4.1. Overview
7.4.2. Financials
7.4.3. Product Benchmarking
7.4.4. Recent Developments
7.5. Sibur
7.5.1. Overview
7.5.2. Financials
7.5.3. Product Benchmarking
7.5.4. Recent Developments
7.6. JSR Corporation
7.6.1. Overview
7.6.2. Financials
7.6.3. Product Benchmarking
7.6.4. Recent Developments
7.7. Trinseo, Eastman Chemical Corporation
7.7.1. Overview
7.7.2. Financials
7.7.3. Product Benchmarking
7.7.4. Recent Developments
7.8. Asahi Kasei Chemical Corporation
7.8.1. Overview
7.8.2. Financials
7.8.3. Product Benchmarking
7.8.4. Recent Developments
7.9. Ashland Inc.
7.9.1. Overview
7.9.2. Financials
7.9.3. Product Benchmarking
7.9.4. Recent Developments
7.10. TSRC Corporation
7.10.1. Overview
7.10.2. Financials
7.10.3. Product Benchmarking
7.10.4. Recent Developments

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