Synthetic Rubber Market worth 37.82 Billion by 2022
Rising use of synthetic rubbers in the tire and non-tire automotive applications, growing trend of using synthetic rubbers in automotive to reduce the weight of vehicles for fuel efficiency, and increasing demand from Asia Pacific are the major factors ex
(EMAILWIRE.COM, December 07, 2017 ) The report "Synthetic Rubber Market by Type (SBR, BR, SBC, EPDM, IIR, NBR), Application (Tire, Non-Tire Automotive, Footwear, Industrial), and Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) - Global Forecast to 2022", The synthetic rubber market is estimated to be USD 28.88 Billion in 2017 and is projected to reach USD 37.82 Billion by 2022, at a CAGR of 5.5% between 2017 and 2022. The synthetic rubber market is driven by the rising demand for synthetic rubbers in applications such as tire, non-tire automotive, footwear, and industrial.
Browse 120 Market Data Tables and 57 Figures spread through 154 Pages and in-depth TOC on "Synthetic Rubber Market by Type (SBR, BR, SBC, EPDM, IIR, NBR), Application (Tire, Non-Tire Automotive, Footwear, Industrial), and Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/synthetic-rubber-market-761.html
Early buyers will receive 10% customization on reports.
“SBR is estimated to be the largest type segment of the market by 2022”
Styrene-butadiene rubber (SBR) is the most widely used type of synthetic rubber. SBR is used in large quantities in automobile and truck tires, due to its abrasion-resistant quality. SBR produced in latex form is used as a rubbery adhesive in carpet manufacturing. Other applications of SBR include drive couplings, haul-off pads, conveyor belts, shoe soles and heels, adhesives, roll coverings and car tires (but not truck tires), and various other molded rubber goods.
“Tire is projected to be the fastest-growing application segment of the market from 2017 to 2022”
The consumption of synthetic rubber in the tire application is growing due to the rising demand for automobiles in developing countries. The exponential growth of the automotive industry in China has supported the growth of the country’s tire industry. The rapidly growing automotive and transportation industries in countries like China and India are expected to propel the growth of the tire industry in APAC. The synthetic rubber type used to manufacture tires is the SBR. SBR is a cost-effective alternative to natural rubber, with better abrasion resistance and inherent hysteresis.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=761&utm_source=PMohan
Asia Pacific is estimated to be the largest market for synthetic rubber by 2022, with China estimated to be the dominant market for synthetic rubber in the Asia Pacific region. Japan, South Korea, and India are the other major countries contributing to the growth of the synthetic rubber market in the region. The increasing use of synthetic rubber in applications such as tire, non-tire automotive, footwear, and industrial is expected to drive the synthetic rubber market in these countries.
The key companies profiled in the synthetic rubber market research report include LANXESS (Germany), Sinopec (China), The Goodyear Tire and Rubber Company (US), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), Nizhnekamskneftekhim (Russia), JSR Corporation (Japan), LG Chem (South Korea), Versalis S.p.A. (Italy), and ZEON Corporation (Japan).
Speak To Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=761&utm_source=PMohan
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Browse 120 Market Data Tables and 57 Figures spread through 154 Pages and in-depth TOC on "Synthetic Rubber Market by Type (SBR, BR, SBC, EPDM, IIR, NBR), Application (Tire, Non-Tire Automotive, Footwear, Industrial), and Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/synthetic-rubber-market-761.html
Early buyers will receive 10% customization on reports.
“SBR is estimated to be the largest type segment of the market by 2022”
Styrene-butadiene rubber (SBR) is the most widely used type of synthetic rubber. SBR is used in large quantities in automobile and truck tires, due to its abrasion-resistant quality. SBR produced in latex form is used as a rubbery adhesive in carpet manufacturing. Other applications of SBR include drive couplings, haul-off pads, conveyor belts, shoe soles and heels, adhesives, roll coverings and car tires (but not truck tires), and various other molded rubber goods.
“Tire is projected to be the fastest-growing application segment of the market from 2017 to 2022”
The consumption of synthetic rubber in the tire application is growing due to the rising demand for automobiles in developing countries. The exponential growth of the automotive industry in China has supported the growth of the country’s tire industry. The rapidly growing automotive and transportation industries in countries like China and India are expected to propel the growth of the tire industry in APAC. The synthetic rubber type used to manufacture tires is the SBR. SBR is a cost-effective alternative to natural rubber, with better abrasion resistance and inherent hysteresis.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=761&utm_source=PMohan
Asia Pacific is estimated to be the largest market for synthetic rubber by 2022, with China estimated to be the dominant market for synthetic rubber in the Asia Pacific region. Japan, South Korea, and India are the other major countries contributing to the growth of the synthetic rubber market in the region. The increasing use of synthetic rubber in applications such as tire, non-tire automotive, footwear, and industrial is expected to drive the synthetic rubber market in these countries.
The key companies profiled in the synthetic rubber market research report include LANXESS (Germany), Sinopec (China), The Goodyear Tire and Rubber Company (US), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), Nizhnekamskneftekhim (Russia), JSR Corporation (Japan), LG Chem (South Korea), Versalis S.p.A. (Italy), and ZEON Corporation (Japan).
Speak To Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=761&utm_source=PMohan
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact Information:
MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results