Synthetic Rubber Market SWOT Analysis Set for Rapid Growth and Trend, by 2024 - PowerPoint PPT Presentation

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Synthetic Rubber Market SWOT Analysis Set for Rapid Growth and Trend, by 2024

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Title: Synthetic Rubber Market SWOT Analysis Set for Rapid Growth and Trend, by 2024


1
Synthetic Rubber Market
  • Global Industry Analysis, Size, Share, Growth,
    Trends and Forecast, 2023

2
About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
    for thousands of decision-makers. We have an
    experienced team of Analysts, Researchers, and
    Consultants, who use proprietary data sources and
    various tools and techniques to gather and
    analyze information. Our business offerings
    represent the latest and the most reliable informa
    tion indispensable for businesses to sustain a
    competitive edge.
  • Each TMR Syndicated Research report covers a
    different sectorsuch as pharmaceuticals,
    chemical, energy, food beverages,
    semiconductors, med-devices, consumer goods, and
    technology. These reports provide in-depth
    analysis and deep segmentation to possible micro
    levels. With a wider scope and stratified
    research methodology, our syndicated reports
    strive to serve clients and satisfy their overall
    research requirement.

3
Global Synthetic Rubber Market
Overview
  • Both fragmented and competitive, the global
    synthetic rubbers market is choc-o-bloc with
    large, medium, and small players.
  • To beat competition in such a cutthroat
    environment, the deep-pocketed players are seen
    upping spends on research and development to
    launch better products.
  • They are also banking heavily on an agile supply
    chain and proactive marketing and advertising.
  • In order to grow, they are looking to foray into
    high growth markets in developing economies of
    the world through carefully-considered mergers
    and acquisitions.

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Download Brochure
4
Tires Serve to Drive Maximum Demand in Global
Synthetic Rubber Market
  • Synthetic rubber finds usage in making footwear,
    industrial goods, asphalt overlay, tires, and
    adhesives.
  • Of them, the tires segment generates most of the
    demand in the market and going forward is
    predicted to maintain its lead in generating
    demand.
  • Players are also coming up with eco-friendly
    versions since that contain silica which reduces
    roll resistance.
  • This in turn helps to consume lesser amounts of
    fuel.

5
Asia Pacific, Powered by China, Leads Market
  • At present, Asia Pacific accounts for a leading
    share in the global synthetic rubber market and
    going forward too is predicted to hold on to its
    leading share by rising impressively.
  • The growth in the market is mainly powered by the
    fastest growing economies in the region China
    and India.
  • Malaysia is another major consumer of rubber in
    the region. This is because of the rising sales
    of automobiles in the two nations.

6
Prominent participants in the global synthetic
rubber market
  • Versalis S.p.A.
  • Asahi Kasei Corporation
  • DuPont
  • KUMHO PETROCHEMICAL
  • The Dow Chemical Company
  • Sumitomo Chemical Co.

7
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