Synthetic Rubber Market- Recent Study Including Growth Factors, Regional Analysis and Forecast till 2023 by Key Players - PowerPoint PPT Presentation

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Synthetic Rubber Market- Recent Study Including Growth Factors, Regional Analysis and Forecast till 2023 by Key Players

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Synthetic Rubber Market Overview: Market Research Future (MRFR) in their prediction for the forecast period (2016-2023) revealed that the global synthetic rubber market can achieve substantial CAGR and scale past the valuation anticipated. Synthetic rubber is primarily an artificial elastomer, synthesized from petroleum byproducts. Unlike natural rubber, synthetic rubber shows better thermal stability and petroleum product compatibility. The component shows extremely good elasticity, oil resistance, durability, and waterproofing. These features of synthetic rubber have made it the choicest preference for several end-user industries such as footwear, construction, industrial, automotive & transportation, and others. Get Free Sample Request @ – PowerPoint PPT presentation

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Title: Synthetic Rubber Market- Recent Study Including Growth Factors, Regional Analysis and Forecast till 2023 by Key Players


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Synthetic Rubber Market Research Report- Forecast
to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
REQUEST SAMPLE
VIEW REPORTS
3
Synthetic Rubber Market - 2023
Global Synthetic Rubber Market Research Report-
by Type (Styrene-Butadiene, Nitrile, and
Butadiene Rubber, Ethylene Propylene Diene
Monomers, Styrenic Block Copolymer), End Use
(Construction, Automotive Transportation) and
Region- Forecast till 2023
Synopsis of Synthetic Rubber Market Synthetic
Rubber is a kind of elastic polymer mainly
derived from petroleum byproducts. Synthetic
Rubber possess various properties such as
elasticity, oil resistant, durability, and
excellent water repellant property which make
them suitable for various end use industries such
as construction, footwear, automotive
transportation, industrial, and others. Moreover,
it is used for making polymer concrete for
waterproofing, tires, hoses, conveyor belt
covers, gaskets, tubes, and others. As per our
Analysis, some of the prominent market factors
and trends identified in the Global Synthetic
Rubber Market include rapid urbanization, growing
demand for durable rubber, and continuous growth
of automotive transportation sector. Rising
population along with the increasing per capita
disposable income is estimated to drive the
growth of the market during the assessment period
(2016 to 2023). Growing middle class population
combined with constant industrialization has
resulted in the expansion of footwear sector,
which in turn, is expected to propel the growth
of the market. Increasing automotive production
and sales across the globe has resulted in the
demand for durable tires which is likely to fuel
the growth of the market. Moreover, increasing
sports events such as racing car tournaments as
well as increasing research development on the
production of high quality tires and rubber is
predicted to drive the market growth over the
forecast period. Furthermore, increasing
construction activities in the developed and
developing nation is expected to drive the growth
of the market.
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Synthetic Rubber Market - 2023
Regional Analysis The Global Synthetic Rubber
Market is spanned across five regions Asia
Pacific, Europe, Latin America, North America,
and the Middle East Africa. Among these, the
Asia Pacific region is expected to grow with a
highest CAGR during the review period, 2016 to
2023 due to stable economy and tremendous growth
of automotive transportation industry. The
demand for synthetic rubber is estimated to
propel in the various countries of Asia Pacific
such as China, India, Vietnam, Thailand,
Singapore, South Korea, Malaysia, and Japan on
account of high adoption rate by the automobile
manufacturers. Moreover, growing automotive
production as well as increasing demand for
industrial products in developing countries along
with increasing disposable income of consumer is
expected to fuel the growth of the market.
Furthermore, rising construction activities in
China and India along with approval of large
scale commercial, residential, institutional, and
industrial construction projects is predicted to
fuel the demand for synthetic rubber. Moreover,
economic development in Asia Pacific,
particularly Vietnam, China, India, Bangladesh,
has presented opportunities for Synthetic Rubber
in the transportation sector. Asia Pacific has
emerged as the leading market region for
Synthetic Rubber followed by Europe and North
America. North America is predicted to witness a
moderate growth in synthetic rubber due to
recovery of industrial sector combined with
escalating investments to revitalize industrial
sector. In North America, the U.S. is followed by
Canada in the regional market growth and both
countries are expected to see a significant
growth on account of continuous expansion of
footwear industry. European countries such as
Russia, Poland, France, Italy, Germany, and U.K
have emerged as important consumer markets due to
developed end use industries and heavy investment
on Research Development as well as innovation.
Latin American countries such as Mexico, Brazil,
Colombia, Peru, Guatemala, and Argentina are also
predicted to witness an average growth due to
increasing expenditure on passenger cars and
commercial vehicles. Moreover, increasing air
traffic in the developing countries such as
Brazil, China, India, Malaysia, and Vietnam has
resulted in increased demand for tires and which
in turn has given a new momentum for the market
growth.
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Synthetic Rubber Market - 2023
Segmentation The Global Synthetic Rubber Market
is segmented on the basis of type, end use
industry, and region. On the basis of type, the
market is classified into SBR, NBR, BR, EPDM,
SBC, others. Other type include IR, IIR, and CR.
On the basis of end use, the market is
categorized into construction, automotive
transportation, industrial, footwear, and others.
On the basis of region, the market is segmented
into Asia Pacific, Europe, Latin America, North
America, and the Middle East Africa. Key
Players Some of the prominent players operating
in the Synthetic Rubber Market are LANXESS
(Germany), The Dow Chemical Company (U.S.),
Versalis S.p.A. (Italy), Kumho Petrochemical
(South Korea), JSR Corporation (Japan), LGChem
(SouthKorea), Exxonmobil (U.S.), Asahi Kasei
Corporation (Japan), Sumitomo Chemical Co., Ltd.
(Japan), ZEON Corporation (Japan) among
others. Intended Audience Synthetic Rubber
Manufacturers Traders and Distributors of
Synthetic Rubber Production Process
Industries Potential Investors Raw Material
Suppliers Nationalized Laboratory
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ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
market research and intelligence services to our
clients. Our market research studies by products,
services, technologies, applications, end users,
and market players for global, regional, and
country level market segments, enable our clients
to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright 2018
Market Research Future All Rights Reserved. This
document contains highly confidential information
and is the sole property of Market Research
Future. No part of it may be circulated, copied,
quoted, or otherwise reproduced without the
written approval of Market Research Future.
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