Germany synthetic rubber market is expected to show a lucrative market growth during the forecast period. Germany is one of the largest exporters of synthetic rubber and products in the European Union. The production and consumption of synthetic rubber in Germany is majorly driven by the established automobile sector of the country. The increasing demand for tires in the automotive sector is augmenting the market growth for synthetic rubber. Germany is one of the world’s most reputable and well-known automotive industry. Germany has the highest number of OEM plants in Europe. There are currently more than 40 OEM sites in Germany. As per the Organization of Motor Vehicle Manufacturers, German automobile manufacturers produced over 5 million passenger vehicles in 2018 which is around 7% of the global passenger vehicle production.
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Germany synthetic rubber market is divided based on type and end-user. By type, the market is further segmented into Styrene Butadiene Rubber, Polybutadiene Rubber, Ethylene Propylene Rubber, Isoprene Rubber, and others. During the forecast period, Styrene-Butadiene rubber is expected to hold the largest market share. By end-user, the market is further segmented into automobile components, industrial application, footwear, household, and others. Automobile components will have the largest market share in the country.
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Germany Synthetic Rubber Market Segmentation
By Type
- Styrene-Butadiene Rubber (SBR)
- Polybutadiene Rubber (BR)
- Ethylene Propylene Rubber (EPDM)
- Isoprene Rubber (IR)
- Others (Nitrile Butadiene Rubber (NBR), Butyl Rubber (IIR), Chloroprene Rubber (CR))
By End-User
- Automobile Component
- Industrial Application
- Footwear
- Household
- Others (Electronics, Aerospace)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
