Synthetic rubber possesses better durability and extended service life as compared to natural rubber due to greater endurance to degradation and damage caused by chemicals and improved resistance to low and high temperatures, UV radiation, ozone, and weathering. Also, synthetic rubber displays excellent elasticity at low temperatures and insulation to electricity. In comparison to natural rubber, synthetic rubber offers ease of production in diverse variations at lower cost, making it appropriate for use in a variety of end-use applications with very specific requirements. Custom-made formulations of synthetic rubber can be produced to improve or add particular material properties, including flame resistance.
The market intelligence report on the synthetic rubber market forecasts its growth during the years 2020 to 2028. It examines the market size, share, demand, trends, gross revenue, total earnings and net value after a historical analysis of the data collected from the years 2020 to 2028 while taking 2018 as the base year. The study focuses on the driving factors, restrains and hurdles for the growth of the market. The researcher gives market insights relating to the upcoming areas in the business and the impact of technological innovations on the growth of the market.
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The report studies the impact of the COVID-19 pandemic on the Synthetic Rubber market and its crucial segments. The supply chain disruptions and economic instability have negatively impacted the growth of the market in several key regions. The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.
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The report further divides the Synthetic Rubber market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Synthetic Rubber market.
Key companies profiled in the report include:
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.
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)
Automotive Tire
Automotive Non-Tire
Industrial Goods
Footwear
Textile
Consumer Goods
Others
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Synthetic Rubber market?
What are the key product types and applications of the Synthetic Rubber industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Synthetic Rubber market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Synthetic Rubber Market by 2028?
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