China Synthetic Rubber Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2025

China synthetic rubber market is expected to show significant market growth during the forecast period. China is one of the largest producers and exporter for synthetic rubber all across the globe. China synthetic rubber market is driven by the automobile sector of the country and the exports to foreign countries. The country is the largest manufacturer of automobiles globally. The synthetic rubber market is mainly driven by the stable development of the automobile and tire industries. As per the International Organization of Motor Vehicle Manufacturers, around 27.8 million vehicles were manufactured in the country in 2018. Moreover, the country is among the largest two-wheeler market all across the globe.

To Request a Sample of our Report on China Synthetic Rubber Market: https://www.omrglobal.com/request-sample/china-synthetic-rubber-market

Moreover, significant market growth in the medical application can be witnessed in the country. Increasing insurance coverage, rising number of health workers, improvements in living standards, more stringent infection controls and an increase in the number of aged people are some of the major factors for the growth of the medical industry, which indirectly augmenting the synthetic rubber products in the country. Vinyl gloves account for more than 70% of the total consumption of medical gloves followed by latex medical gloves and nitrile.

New companies entering the synthetic rubber industry are focusing on medium and low-end styrene-butadiene rubber and cis-polybutadiene rubber (BR) products. With the release of new capacity, China observes critical structural overcapacity of synthetic rubber. In the next few years, China's de-capacity trend will be more apparent, and the new capacity will center on SBS and environment-friendly rubber will be foreseen.

(Get 15% Discount on Buying this Report)

A full Report of China Synthetic Rubber Market is Available at: https://www.omrglobal.com/industry-reports/china-synthetic-rubber-market

China Synthetic Rubber Market Segmentation

By Type

· Styrene-Butadiene Rubber (SBR)

· Polybutadiene Rubber (BR)

· Ethylene Propylene Rubber (EPDM)

· Isoprene Rubber (IR)

· Others (Nitrile Butadiene Rubber (NBR), Butyl Rubber (IIR), Chloroprene Rubber (CR))

By End-User

· Automobile Component

· Industrial Application

· Footwear

· Household

· Others (Electronics, Aerospace)

Company Profiles

· ARLANXEO Holding B.V.

· Asahi Kasei Corp.

· Bridgestone Corp.

· China Sinopec

· Denka Company Ltd.

· Exxon Mobil Corp.

· JSR Corp.

· Kuraray Co., Ltd.

· LCY Chemical Corp.

· LG Chem, Ltd.

· SABIC

· The Dow Chemical Co.

· The Goodyear Tire & Rubber Co.

· The Michelin Group

· Tosoh Corp.

· Trinseo LLC

· TSRC Corp.

· Ube Industries, Ltd.

Reasons to Buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.