Synthetic Rubber Market Trends | Segmentation, Outlook, Industry Report to 2021-2027


Posted August 19, 2021 by danishahmed

The synthetic rubber market has been rising due to an increase in the demand for automobiles across the globe.
 
The synthetic rubber market has been rising due to an increase in the demand for automobiles across the globe. There are various applications of synthetic rubber in the automobile sector such as in the rubber tires, rubber bumper, O-ring, rubber airbag, rubber seal and others. About 60% of the rubber used in the manufacturing of tires is synthetic rubber produced from the hydrocarbons derived from petroleum. Synthetic elastomers have the property to deform under stress and gain its original shape after the removal of stress. This property of hysteresis is an essential parameter for the manufacturing of high-grip tires that raises the demand for synthetic rubber in automotive applications.

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Asia Pacific synthetic rubber market is estimated to grow with lucrative growth during the forecast period. The high adoption of synthetic rubber in various applications is one of the chief factors for the growth of the market in the region. China, India, Thailand, Indonesia, Malaysia, Vietnam are among the top producer of natural and synthetic rubber all across the globe. Moreover, the region caters to the significant application of synthetic rubber including tires. As per the International Organization of Motor Vehicle Manufacturers, in Asia Pacific, more than 50 million vehicles were manufactures in the region. Moreover, India and China are among the largest two-wheeler industry globally. Additionally, the region is a hub for the manufacturing of consumer electronics which creates considerable demand for synthetic rubber in the region.

A Full Report of Synthetic Rubber Market is Available at:
Market Segmentation
Asia Pacific Synthetic Rubber Market by Type

 Styrene Butadiene Rubber (SBR)
 Polybutadiene Rubber (BR)
 Ethylene Propylene Rubber (EPDM)
 Isoprene Rubber (IR)
 Others (Nitrile Butadiene Rubber (NBR), Butyl Rubber (IIR), Chloroprene Rubber (CR))

Asia Pacific Synthetic Rubber Market by End-User
 Automobile component
 Industrial Application
 Footwear
 Household
 Others (Electronics)


By End-User
•Residential
•Commercial


By Model Type
•Above-Ground
•In-Ground


Company Profiles
 ARLANXEO Holding B.V.
 Asahi Kasei Corp.
 Bridgestone Corp.
 Exxon Mobil Corp.
 Indian Synthetic Rubber Pvt. Ltd.
 JSR Corp.
 Kuraray Co., Ltd.
 LCY Chemical Corp.
 LG Chem, Ltd.
 Reliance Industries Ltd.
 SABIC
 Sumitomo Chemical Co., Ltd.
 The Dow Chemical Co.
 The Goodyear Tire & Rubber Co.
 The Michelin Group
 Tosoh Corp.
 Trinseo LLC
 TSRC Corp.
 Ube Industries, Ltd.

Synthetic Rubber Market – Segmentation by Region

North America
• United States
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe


Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Middle East & Africa
• Latin America

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Last Updated August 19, 2021