Synthetic rubber market expected to Witness a Sustainable Growth over 2021-2031

Synthetic rubber is a man-made polymer with physical and chemical properties that are similar to natural rubber. Synthetic rubber is used in a variety of applications, including tires, hoses, conveyor belts, and gaskets. It is also used in a variety of products, such as adhesives, sealants, and coatings.

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Key Trends

The key trends in synthetic rubber technology are the development of new synthetic rubber materials and the improvement of existing materials. Some of the new materials that have been developed in recent years include silicone rubbers, fluoroelastomers, and hydrocarbon rubbers. These materials have superior properties to traditional synthetic rubber materials, and they are being used increasingly in a variety of applications. In addition, there has been a significant focus on improving the processing and manufacturing of synthetic rubber. This has led to the development of new technologies such as microinjection molding and 3D printing. These technologies allow for the production of synthetic rubber parts with greater precision and accuracy.

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Key Drivers

The key drivers of the synthetic rubber market are the increasing demand from the automotive industry and the growing construction industry. The automotive industry is the largest consumer of synthetic rubber, and the demand for synthetic rubber is growing as the automotive industry expands. The construction industry is also a major consumer of synthetic rubber, and the demand for synthetic rubber is growing as the construction industry expands.

Market Segments
By Type

• Styrene Butadiene Rubber (SBR)
• Ethylene Propylenediene Rubber (EPDM)
• Polyisoprene (IR)
• Polybutadiene Rubber (BR)
• Isobutylene Isoprene Rubber (IIR)
• Other

By Application

• Tire and Tire Component
• Non-tire Automobile Application
• Footwear
• Industrial Goods
• Other Applications

Key Players

• Bridgestone Corporation
• Michelin
• Continental AG
• Sumitomo Chemical
• Lanxess AG
• Sinopec
• DuPont
• ExxonMobil

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This release was published on openPR.