Press release
Rising Road Traction of Automobiles Boosts Synthetic Rubber Industry Growth
Nitrile rubber is a synthetic rubber. It's manufacturing involves the acrylonitrile polymerization with the butadiene. It is also known as acrylonitrile-butadiene rubber, nitrile-butadiene rubber, and acrylonitrile rubber. It possess high tensile strength, poorer cold flexibility, and high compression set on acrylonitrile content.
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It offers high resistivity to oils and fuels, and utilized in packaging, oil seals, blankets and diaphragms. NBR is utilized in a wide variety of applications. Therefore, high flame resistance holds a great importance.
The synthetic rubber industry is projected to rise in the coming years, ascribed to the surging automotive tire replacement, the increasing requirement for long-lasting rubber, the advancing production capacity of rubber manufacturers with growing capital investment, and the expansion of the automotive industry.
APAC captures the largest share of the synthetic rubber industry, in terms of both value, and volume. It is led by surging demand for synthetic rubber in the tire and construction industries. In addition, automobile manufacturers are continuing to invest in the APAC countries to set-up production facilities, to improve their position in the industry.
Moreover, the rising concentration on new-energy vehicles development to reduce carbon emissions boosts the production of automobiles in China. It is further projected to fuel the demand for synthetic rubber in the coming years.
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The major companies operating in the synthetic rubber industry are; The Dow Chemical Company, Bridgstone Corporation, JSR Corporation, Toyo Tire and Rubber Co. Ltd., and, Kumho Petrochemical Co. Ltd.
Therefore, the expansion of the automotive sector propels the demand for the synthetic rubber.
Browse more reports:
Synthetic Fibers Industry Report - https://www.psmarketresearch.com/press-release/synthetic-fibers-market
Synthetic Biology Industry Report - https://www.psmarketresearch.com/press-release/global-synthetic-biology-market
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