Rubber Market Demand, Supply, Growth & Forecast By 2018-2024

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Rubber Market to Witness A Phenomenal Growth over
2018 to 2024
Rubber Market Size, Industry Analysis Report,
Regional Outlook (U.S., Canada, UK, Germany,
France, Italy, Russia, Spain, China, India,
Japan, Australia, Brazil, Mexico, GCC, South
Africa), Application Development Potential, Price
Trends, Competitive Market Share Forecast, 2018
2024
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Global Market Scenario of Rubber Market

• Rubber Market Size is likely to witness a steady
  growth from 2018 to 2024 due to increasing tire
  demand in automobile transportation industry
• Rubber originates from three different sources
  such as natural, synthetic, and reclaimed rubber.
  Natural rubber is harvested in the form of latex
  from trees such as hevea brasiliensis, congo,
  dandelion and others.
• It is a natural polymer consisting of organic
  compound isoprene and water having water proof
  ability and high resilience and stretch ratio.
• Synthetic rubber is elastomer polymers which are
  mainly manufactured from petroleum byproducts. It
  has extensive application in automobile
  transportation industry for hoses, matting,
  tires, belts, etc. It also finds its usage in
  other sector such as in industrial application,
  in packaging, construction, electrical
  electronics, and others such as HVAC, oil gas,
  bowling, etc
• Various types of commercialized synthetic rubber
  are styrene-butadiene (SBR), nitrile,
  chloroprene, silicone rubber, etc..
• Reclaimed or recycled rubber is manufactured by
  application of heat and chemical agents, and
  mechanical working on ground vulcanized scarp
  tubes, tires and other waste products.

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• Product Analysis-
• On basis of product, the rubber market is
  segmented as natural, synthetic, and reclaimed
  rubber. Synthetic rubber is further classified
  into styrene butadiene (SBR), butyl (BR), nitrile
  (NR), ethylene propylene diene (EPDM), silicone,
  chloroprene polyurethane, fluorocarbon, and
  others such as acrylic, epichlorohydrin,
  polysulfide, etc. Among all, the global product
  market share will be led by synthetic segment,
  followed by reclaimed rubber.
• Rubber market has myriad end use domain such as
  automobile transportation, electrical
  electronics, construction, packing, etc.
  Automobile transportation has gathered enough
  substantiation to widen the product application
  matrix owing to the maximum use of rubber in tire
  industry, and other application such as brakes,
  flooring, interior of passenger cars, bus, etc.
  Global tire demand in 2016 was more than 1500
  million unit and it is likely to grow in forecast
  timeframe which in turn will propel the growth of
  rubber market.
• Regional Trends-
• Asia Pacific will have a significant contribution
  in global rubber market in terms of production as
  well in consumption owing to rapid urbanization
  and industrialization in this region. Moreover,
  manufacturers based in the developed countries of
  North America and Europe are shifting their
  production bases to developing economies owing to
  low raw material, operation labor costs, which
  will result in a robust growth for the product
  market.

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• Competitive Trends
• The key participants in the rubber market are
  Lanxess, ExxonMobil Chemical Co., LG Chem, Sibur
  International Gmbh, Carst Walker, Kuraray Co.
  Ltd, Karbochem, Reliance Industries Limited,
  Kraton, Dow Chemicals, BRP Manufacturing Company,
  Asahi Kasei Corp., Sinopec, Showa Denko,
  PetroChina Company ltd, etc

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