Synthetic rubber Industry 2020 Size, Share, Market Growth, Demand, Key Players and Forecast to 2026

Synthetic rubber Market Research Report published by Orian Research Consultant that is rapidly growing in the global from last few years. This research report also gives industry share, size, and trends and so on. This Report is segmented on basis of type of devices, application, end users and geographical regions.

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Synthetic rubber is any artificial elastomer which is synthesized from petroleum by products. Synthetic rubber is available in several types, including neoprene, Buna rubbers, and butyl rubbers, and they are generally developed with specific properties for dedicated applications. Styrene-butadiene rubber and butadiene rubber (both Buna rubbers) are extensively used in tire manufacturing. In the US only, about 32 million metric tons of rubber is produced annually, and of that amount approximately two-third is synthetic.

The global synthetic rubber market is primarily segmented by type, application, and region.

In terms of type, the market is split into:

·         Styrene Butadiene Rubber (SBR)

·         Ethylene Propylenediene Rubber (EPDM)

·         Polyisoprene (IR)

·         Polybutadiene Rubber (BR)

·         …

On the application front, the market is segmented into:

·         Tires

·         Industrial Goods

·         Footwear

·         …

Moreover, the market is classified across regions and countries as follows:

·         North America- U.S., Canada

·         Europe- Russia, U.K., France, Germany, Italy

·         Asia-Pacific- China, Japan, India, Australia

·         Latin America- Brazil, Mexico

·         Middle East & Africa- South Africa, Egypt, Saudi Arabia

Key Market Players:

The key players profiled in the market include:

·         Lanxess

·         Sinopec

·         The Goodyear Tire and Rubber Company

·         Kumho Petrochemical

·         TSRC Corporation

·         Nizhnekamskneftekhim

·         JSR Corporation

·         LG Chem

·         Versalis S.P.A.

·         Zeon Corporation

·         …

These enterprises have been focusing on development strategies, such as expansions, new Raw Material launches, agreements & partnerships, and acquisitions to expand their end-use industry across the globe.

Key Benefits of the Report:

·         Global, regional, country, type, and application market size and their forecast from 2015-2026

·         Identification and detailed analysis and insights on key market dynamics, such as drivers, opportunities, restraints, and challenges influencing the growth of the market

·         Detailed analysis an insights on industry outlook with market specific PESTLE analysis, Porter’s Five Forces analysis, and Value Chain analysis, to achieve a better understanding of the market and prepare expansion strategies

·         Identification and comprehensive analysis of key market players and their market share, detailed financial positions, key Raw Materials, core competencies, and unique selling points

·         Identification and analysis of Key players’ competitive developments and strategic initiatives, such as mergers, joint ventures, sales contracts, and new Raw Material introduction in the market

·         Expert interviews and their insights on current and future outlook, market shift, and factors impacting vendors’ short term and long term strategies

·         Detailed insights on emerging regions, type, and application with qualitative and quantitative facts

·         Identification of the key patents filed in the field of Synthetic Rubber

·         Owing to the volatility seen in the market due to the Global COVID-19 pandemic, businesses around the globe wish to know the impact on their market and how this changes the projections for 2020 and the forthcoming years. Orian Research is in talks with seasoned market analysts and key note speakers to understand the impact of COVID 19 on markets and factors that will bring in stability in the foreseeable future

Target Audience:

·         Synthetic Rubber manufacturer & Technology Providers

·         Traders, Importers, and Exporters

·         Raw Material Suppliers and Distributors

·         Research and Consulting Firms

·         Government and Research Organizations

·         Associations and Industry Bodies

Research Methodology:

The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.

For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

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