Press Release

Synthetic Rubber Market Demand & Future Scope Including Top Players And Forecast to 2021

Synthetic

 Synthetic Rubber Market Report 2019 defines the basic characteristics of the industry and market statistics. The latest development in technology, strategies, Synthetic Rubber Market business plans, possibilities for growth and risks to the sector are being included. The report contains market forecasts related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. This report will assist in analysing the current and future business trends, sales and revenue forecast. Synthetic Rubber Market is expected to grow at  CAGR of 5.16% from 2017 to 2021.

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About Synthetic Rubber

Rubber belongs to elastomer type polymer class in which the polymer has the ability to return to its original shape post-deformation. The polymer is in a coiled form while it is resting. The ability to stretch the chains offers the elastic feature to rubber, and it returns to its original shape when the chains snap back after the tension is released. Rubber is a group term for macromolecular substances of natural and synthetic origin. The natural origin compound is generally known as natural rubber (NR), which is an addition polymer that is a derivative of the milky white fluid known as a latex. Latex is obtained from a tropical rubber tree. The natural rubber has the ability to vulcanize, a process by which the shorter chains get linked with sulfur to form longer chains. Synthetic rubber is an artificial elastomer that resembles natural rubber closely in various features.

Industry analysts forecast the global synthetic rubber Market to grow at a CAGR of 5.16% during the period 2017-2021.

Market driver

  • Increasing preference over natural rubber
  • For a full, detailed list, view our report

Market challenge

  • Fluctuating raw material cost
  • For a full, detailed list, view our report

Market trend

  • Rising acceptance for green tires
  • For a full, detailed list, view our report

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Key Players

  • Asahi Kasei Corporation
  • Bridgestone
  • ExxonMobil
  • LANXESS
  • MICHELIN
  • China National Petroleum Corporation
  • China Petroleum & Chemical Corporation
  • Denka Company
  • DowDuPont
  • Grupo Dynasol
  • JSR
  • KUMHO PETROCHEMICAL
  • LCY GROUP
  • Reliance Industries
  • SABIC
  • Sumitomo Chemical
  • The Goodyear Tire & Rubber Company
  • TSRC
  • UBE INDUSTRIES
  • and Versalis
  • Synthetic Rubber Market report also covers all the regions and countries of the world, which shows a regional development status. Regional Segmentation:

    • North America (U.S., Canada, Mexico)
    • Europe (Germany, U.K., France, Italy, Russia, Spain, etc.)
    • Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
    • South America (Brazil, Argentina, etc.)
    • Middle East & Africa (Saudi Arabia, South Africa, etc.)

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    The objective of this Synthetic Rubber market research report is: –

    • To provide actionable intelligence alongside the market size of various segments.
    • To detail major factors influencing the market (drivers, opportunities, industry-specific challenges, and other critical issues).
    • To determine the geographic breakdown of the market in terms of detailed analysis and impact.
    • To analyze business dimensions with an eye on individual growth trends and contribution of upcoming market segments.
    • To track the competitive landscape of the market.

    Finally, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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