Emergen Research latest document, titled ‘Global Synthetic Rubber Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Synthetic Rubber market. The report’s authors have offered necessary details on the latest Synthetic Rubber market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Synthetic Rubber industry entails useful insights into the estimated Synthetic Rubber market size, revenue share, and sales distribution network such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future
The market intelligence report takes a closer view of the global market share, estimated growth preparedness. rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Synthetic Rubber market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Synthetic Rubber industry.
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Some Key Highlights from the Report
Increase in mining activities and extensive use of synthetic rubber products in the mining industry are fueling market revenue growth. In the mining industry, synthetic rubber conveyor belts that are generally heavy-duty components for use in quarries and mines are also widely used in transportation of materials, including stones, ore, tailings, aggregate, and gravel. Another, essential synthetic rubber-based component used in mining activities are hoses that are designed to endure several materials, such as lignite, aluminum ore, quartz, coal, iron ore, and sand, along with bearing corrosion, abrasion, and impact in harsh conditions.
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.
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.
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.
The latest report is the most recent study that offers 360° coverage of the Synthetic Rubber s industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Synthetic Rubber s market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
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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)
Others
Consumer Goods
Textile
Footwear
Industrial Goods
Automotive Non-Tire
Automotive Tire
Report Overview
1.1 Research Scope
1.2 Key Synthetic Rubber s market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Synthetic Rubber s market size
2.2 Latest Synthetic Rubber s market trends
2.3 Key growth trends
Competitive Landscape
3.1 Global Synthetic Rubber s market key players
3.2 Global Synthetic Rubber s size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Synthetic Rubber s market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Regional Overview:
The global Synthetic Rubber s 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 s 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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