Synthetic Rubber market size was valued at USD 29.9 billion in 2018 and is estimated to grow at a CAGR of 5% from 2021 to 2027.
Synthetic rubber is artificial rubber and is made by combining various raw materials such as styrene, butadiene, chloroprene, isoprene acrylonitrile, isobutylene, ethylene, and propylene. It is a type of elastomer derived primarily from petroleum by-products. Automotive products are a huge market and are a major key factor driving the market growth on a regular basis.
The synthetic rubber market is driven primarily by the automotive industry for use in tire and non-tyre applications.
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The major companies include:
- Lanxess
- Sinopec
- Goodyear
- Kumho Petrochemical
- TSRC
- NKNK
- JSR
- LG Chem
- Versalis
- Zeon
Segment by Type, the Synthetic Rubber market is segmented into
- Styrene Butadiene Rubber (SBR)
- Polybutadiene Rubber (BR)
- Styrenic Block Copolymer (SBC)
- Ethylene Propylene Diene Monomer (EPDM)
- Butyl Rubber (IIR)
- Nitrile Butadiene Rubber (NBR)
Segment by Application, the Synthetic Rubber market is segmented into
- Tire
- Non-Tire Automotive
- Footwear
- Industrial
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Scope of the Report
The research study analyzes the global Synthetic Rubber industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Synthetic Rubber Market Report
1. What was the Synthetic Rubber Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Synthetic Rubber Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Synthetic Rubber Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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