The Global Synthetic Rubber Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030. The market growth is supported by various growth factors and major market determinants. The market research report includes the analysis of the market based on geographical segmentation and market segmentation. The Global Synthetic Rubber Market report is a valuable source of insightful statistics for business strategists. This Report offers an industry overview with historic and future cost and growth analysis, revenue, demand, and supply data. Our analyst offers a comprehensive overview of the value chain and analysis of your distributor. This market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The Global Synthetic Rubber Market Size Was Valued At USD 28.89 Billion In 2021. The Market Is Projected To Grow From USD 29.86 Billion In 2022 To USD 41.73 Billion By 2029, Exhibiting a CAGR Of 4.9% During The Forecast Period.
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Top Leading Companies of Global Synthetic Rubber Market are
- Indian Synthetic Rubber Private Limited (India)
- Apcotex Industries Limited (India)
- Reliance Industries Limited. (India)
- Trinseo (U.S.)
- Goodyear Tire and Rubber Company (U.S.)
- Sinopec (China)
- LANXESS (Germany)
- TSRC Corporation (Taiwan)
- JSR Corporation (Japan)
- Kumho Petrochemical (South Korea)
- Nizhnekamskneftekhim (Russia)
- Others
- , and others.
Report Segments are:
By Type:
Styrene Butadiene Rubber
Nitrile Rubber
Polybutadiene Rubber
Butyl Rubber
Others
By Application:
Tire
Non-tire Automotive
Industrial Rubber Goods
Footwear
Others
Recent Market Developments:
- March 2021 – Kumho Petrochemical acquired a 50% stake in Kumho Polychem held by joint venture partner JSR Corporation. The acquisition will strengthen our competitive edge and establish our leadership in the industry over many years.
- August 2021 – BASF and SINOPEC have expanded the Verbund site operated by BASF-YPC Co., Ltd., a 50-50 joint venture in China. This includes capacity increases at downstream chemical plants, such as a new tert-butyl acrylate plant to serve the growing Chinese market.
Global Synthetic Rubber Market: Regional Analysis
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
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Years considered for this report:
Historical Years: 2017-2021
Base Year: 2022
Estimated Year: 2022
Forecast Period: 2023-2030
Important Sections from the Table of Contents:
- Global Synthetic Rubber Market Overview
- Economic Impact on Industry
- Market Competition by Manufacturers
- Production, Revenue (Value) by Region
- Supply (Production), Consumption, Export, Import by Regions
- Production, Revenue (Value), Price Trend by Type
- Market Analysis by Application
- Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Global Synthetic Rubber Market Forecast
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