Uploaded on Jun 22, 2021
Market Research Future Publish New Market Research Report On-“Synthetic Rubber Market 2021 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2027”
Synthetic Rubber Market_PPT
Synthetic Rubber MARKET 2020 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.) Synthetic Rubber MARKET 2020 Synthetic Rubber Market 2020: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Synthetic Rubber is classified as elastic polymer from which rubber is obtained and manufactured on the basis of petrochemical raw material. It is mostly used with natural rubbers as a single polymer or in mixture and is majorly produced synthetically by polymerization. It is predominantly used as the main constituent of the tires used on automobiles, airplanes, and bicycles. It finds a wide application scope in numerous end use industries such as footwear, industrial, construction, automotive & transportation, and others. Some of the important factors that positively influence the growth of the Synthetic Rubber Market are increasing per capita disposable income, rising demand for lightweight footwear, and growing construction industry. Rapid urbanization combined with rising per capita disposable income in various countries across the globe is estimated to drive the growth of the market during the forecast period. Moreover, rising demand for durable as well as oil resistant rubber and increasing investment in construction activities is likely to propel the market growth over the estimated period, 2016 to 2023. 2 www.marketresearchfuture.com Synthetic Rubber MARKET 2020 Market Segmentation: The Global Synthetic Rubber Market is segmented into type, end use, and region. On the basis of region, the market is segmented into SBR, NBR, BR, EPDM, SBC, others. Other type include IR, IIR, and CR. Among them, SBR is the extensively used type of Synthetic Rubber in large quantities in automobile and heavy vehicle truck tires, on account of its abrasion resistant as well as heat resistant qualities. Moreover, SBR possess low temperature flexibility, excellent water resistance, and heat aging properties and can be utilized for bonded to a wide range of materials. SBR accounted for the largest market share among other type segment because of it usage in the manufacturing of tubes, gaskets, conveyor belt covers, lining rubber, hoses, belts, tires, and seals. SBR is followed by BR and SBC. Polybutadiene rubber (BR) is predicted to witness healthy growth during the forecast period on account of its wide utilization in end use industries such as building & construction as well as footwear. On the basis of end use, the market is classified into construction, automotive & transportation, industrial, footwear, and others. Among them, automotive & transportation account for the largest end use segment followed by construction. Increasing automotive production & sales along with increasing purchasing power of consumer is predicted to fuel the segment. Moreover, increasing construction activities including residential and commercial is predicted to drive the construction segment with healthy CAGR. Enquiry of the Report: https://www.marketresearchfuture.com/enquiry/4952 3 www.marketresearchfuture.com Synthetic Rubber MARKET 2020 Regional Analysis Asia Pacific is expected to be the largest market for Synthetic Rubber followed by Europe and North America on account of increasing demand from numerous end use industries such as building & construction and automobile & transportation among others. Emerging countries of Asia Pacific such as China, India, Thailand, Japan, and South Korea are the fastest growing market for synthetic rubber, and is predicted to grow with the same pace in the near future. In Asia Pacific, some of the driving factors for market growth are strong economic growth rate, competitive manufacturing costs, and availability of inexpensive raw material. Europe Synthetic Rubber Market is estimated to witness a steady growth due to continuous growth of footwear industry. North America is expected to witness a substantial growth during the assessment period on account of rising demand for Synthetic Rubber in construction industry. The Middle East & African countries is estimated to witness strong market growth due to increasing building & construction activities. In Latin America market growth is majorly due to expansion of automotive sector. Browse Report @ https://www.marketresearchfuture.com/reports/synthetic-rubber- market-4952 4 www.marketresearchfuture.com Synthetic Rubber MARKET 2020 Application & Major Players in this Research: Synthetic Rubber Market Prominent Players: The major 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), ZEONCorporation (Japan) among others. Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4952 5 www.marketresearchfuture.com 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 [email protected] Copyright © 2020 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. 6 www.marketresearchfuture.com MARKET RETSHEANAKR YCOHU [email protected] Ph: +1-646-845-9349 (US) FUTUPh: +R44 208 E133 9349 (UK) 7 www.marketresearchfuture.com
Comments