Synthetic Rubber Market Growth Rate, Demands, Status and Application Forecast to 2026

The global synthetic rubber market size is estimated to reach USD 46.7 billion by 2026 according to a new report by Polaris Market Research. The report “Synthetic Rubber Market Share, Size, Trends, Industry Analysis Report By Product Type (SBR, EPDM, IR, PBR, & Others), By Application (Tire & Tire Components, Non-Tire Automobile Applications, Footwear, Industrial Goods, & Others), By Regions, Segments & Forecast, 2019 – 2026” provides contemporary market insights and taps future growth trends.

 

Synthetic Rubber is the most efficient product of the industry with natural rubber not as elevated as synthetic rubber in market size. Natural rubber needs chemical enhancements for delivering high-performance. Synthetic type is wanted in most automobile applications which are the causes behind effective growth. The largest market for synthetic type lies in the replacement of motor vehicle tires. Furthermore, a rising trend in global manufacturing activity in the last five years has boosted non-tire applications also

 

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The demand for the product is cyclic in nature. The demand for rubber    products varies with global prices and trends in end-use industry. The product also moves forward by focused R&D efforts that gains industry insight based on economic feasibility via end-use sectors.

 

Asia Pacific leads growth in synthetic rubber market with China as the major producer globally. The market in South America and Eastern Europe are also anticipated to script enormous growth figures in 

 

The key players include Sinopec, LANXESS, China National Petroleum Corporation (CNPC), Kumho Petroleum, Sibur, JSR Corporation, Eastman Chemical Corporation, Asahi Kasei Chemical Corporation and Ashland, Inc.

 

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Polaris Market research has segmented the synthetic rubber market report on the basis of product, application and region. 

 

Synthetic Rubber Product Outlook (Revenue USD Billions 2015 – 2026)

·         SBR

·         EPDM

·         IR

·         PBR

·         Others

Synthetic Rubber Application Outlook (Revenue USD Billions 2015 – 2026)

·         Tire and Tire Components

·         Non-Tire Automobile Applications

·         Footwear

·         Industrial Goods

·         Others

Synthetic Rubber Regional Outlook (Revenue USD Billions 2015 – 2026)

• North America (U.S., Canada)
• Europe (Germany, UK, France, Italy, Spain)
• Asia-Pacific (China, Japan, India)
• Latin America (Brazil, Mexico)
• Middle East and Africa