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Synthetic Rubber Market Research Report by Geographical Analysis and Forecast up to 2023
View Full Report: https://www.transparencymarketresearch.com/synthetic-rubber-market.html
Among the key regional segments, in the last few years, Asia Pacific led the global synthetic rubber market. This region is projected to register a progressive growth and remain in the leading position throughout the forecast period. The growing demand for tires in the automotive sector is one of the major factors encouraging the growth of the Asia Pacific market. In addition, the tremendous rise in the consumption of synthetic rubber in India, China, and ASEAN region is expected to accelerate the development of the market in the near future. The increasing popularity of green tires is anticipated to contribute towards the development of the market in the near future.
On the other hand, the Middle East and Africa market is anticipated to grow at a moderate pace in the next few years. The high development of the construction industry is predicted to accelerate the growth of this market across the forecast period. Furthermore, North America is likely to register a steady growth, owing to the healthy recovery from the economic slowdown. In addition, a significant growth in the construction and automotive sectors is estimated to contribute widely towards the development of the market in the next few years.
Some of the key players operating in the synthetic rubber market across the globe are Versalis S.p.A., Asahi Kasei Corporation, KUMHO PETROCHEMICAL, DuPont, The Dow Chemical Company, Sumitomo Chemical Co., Ltd., China National Petroleum Corporation (CNPC), Dynasol Elastomers, LANXESS AG, TSRC Corporation, ExxonMobil Corporation (ExxonMobil), and China Petroleum & Chemical Corporation.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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