Synthetic Rubber Market Manufacturers, Research Methodology, Competitive Landscape and Business Opportunities by 2028

The Global Synthetic Rubber Market research study published by Emergen research is an extensive collection of insightful information about the Synthetic Rubber industry. The report covers the Synthetic Rubber Market segmentation along with a detailed outline of the Synthetic Rubber market size with regards to volume and valuation. The report provides comprehensive coverage of the Synthetic Rubber market scenario for the current period and forecast timeline of 2021-2028. The Synthetic Rubber market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.

The synthetic rubber market size is expected to reach USD 24.90 Billion at a revenue CAGR of 3.8% in 2028, according to latest analysis by Emergen Research. Steady global synthetic rubber market growth can be attributed to increasing cost of natural rubber and various benefits provided by synthetic rubber over natural rubber. Synthetic rubber possesses better durability and extended service life as compared to natural rubber due to greater endurance to degradation and damage caused by chemicals and improved resistance to low and high temperatures, UV radiation, ozone, and weathering. Also, synthetic rubber displays excellent elasticity at low temperatures and insulation to electricity.

The global Synthetic Rubber market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Synthetic Rubber market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Synthetic Rubber market.

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The Synthetic Rubber research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

Competitive Terrain:

The Global Synthetic Rubber Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.

Regional Overview:

The global Synthetic Rubber market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Synthetic Rubber market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

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Some Key Highlights from the Report

In May 2021, Trinseo made an announcement about signing an agreement with Synthos SA to sell its synthetic rubber business unit (located in Germany) for around USD 491.0 million.
Amon the product type segments, the styrene butadiene rubber segment accounted for largest revenue share in 2020. Styrene butadiene rubber is a general-purpose rubber exhibiting improved abrasion resistance, better resistance to heat and aging, lower elasticity, and exceptional electrical insulation. It finds considerable use in tire manufacturing, and for seals, conveyor belts, and various other technical products.
Among the application segments, the automotive tire segment contributed largest revenue share to the global market in 2020. Synthetic rubber deforms on application of stress and when stress is removed, it returns back to its original shape. This characteristic is immensely beneficial in production of automotive tires for an improved grip on road surfaces. It also offers improved durability and better rolling resistance. Styrene butadiene rubber is the most commonly used material type in light application automotive tires.

Some major companies in the market are DuPont, SABIC, SIBUR International, Exxon Mobil Corporation, Asahi Kasei Corporation, LG Chem Ltd., Goodyear Tire Rubber Company, Lanxess AG, Mitsui Chemicals Inc., and JSR Corporation.

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Emergen Research has segmented the global synthetic rubber market on the basis of product type, application, and region:

Product Type Outlook (Revenue, USD Billion; 2018–2028)

Styrene Butadiene Rubber
Styrene Block Copolymer
Polybutadiene Rubber
Butyl Rubber
Ethylene Propylene Diene Rubber
Acrylonitrile Butadiene Rubber

Application Outlook (Revenue, USD Billion; 2018–2028)

Automotive Tire
Automotive Non-Tire
Industrial Goods
Footwear
Textile
Consumer Goods
Others

Regional Outlook (Revenue, USD Billion; 2018–2028)

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France
Italy
Spain
Sweden
BENELUX
Rest of Europe

Asia Pacific

China
India
Japan
South Korea
Rest of APAC

Latin America

Brazil
Rest of LATAM

Middle East Africa

Saudi Arabia
UAE
South Africa
Israel
Rest of MEA

Key Questions in the Report:
What is the growth rate of the Synthetic Rubber Market? What is the anticipated market valuation of Synthetic Rubber Market industry by 2028?
What are the key growth driving and restraining factors of the Synthetic Rubber Market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Synthetic Rubber Market industry over the forecast period?
Which region is expected to show significant growth in the coming years?

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

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