The Synthetic Rubber Market 2024 Report makes available the current and future technical and financial analysis of the industry. It is one of the most comprehensive and important additions to the USD Analytics Market archive of market research studies. It offers detailed research and analysis of key aspects of the global Synthetic Rubber market. This global report explores the key factors affecting the growth of the dynamic Synthetic Rubber market, including the demand-supply scenario, pricing structure, profit margins, SWOT, and value chain analysis.
Global Synthetic Rubber Market Size is valued at $26.1 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.7% to reach $37.7 Billion by 2032.
Key Players in This Report Include:
Company Sinopec, Denka Company Ltd, DuPont de Nemours Inc, Exxon Mobil Corp, JSR Corp, Kumho Petrochemical Company Ltd, Mitsui Chemical Inc, Nizhnekamskneftekhim, SABIC, The Dow Chemical Company, The Goodyear Tire and Rubber Company, Trinseo, Zeon Corp
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Synthetic Rubber Market Overview in 2024
The Synthetic Rubber Market is growing due to its widespread use in industries such as automotive, manufacturing, and construction. Synthetic rubber, derived from petroleum byproducts, is commonly used in tire production, which is the market’s largest segment, driven by the growing automotive industry. Other applications include industrial rubber goods, footwear, and medical devices. The demand for synthetic rubber is supported by its superior heat, oil, and abrasion resistance compared to natural rubber. However, fluctuating crude oil prices and environmental concerns about synthetic rubber production are challenges. The development of bio-based synthetic rubber and innovations in recycling and sustainability are expected to shape the market’s future.
Market Segmentation and Scope:
By Type (Styrene butadiene rubber (SBR), Polybutadiene Rubber (BR), Styrene block copolymer (SBC), Ethylene-propylene-diene rubber (EPDM), Butyl rubber (IIR), Acrylonitrile-butadiene rubber (NBR)), By Application (Tire, Footwear, Industrial Goods, Consumer Goods, Textiles, Others)
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The report covers the competitive analysis of the market. The report identifies the most promising growth opportunities across the 6 regions and 24 countries. This section exclusively shares insight into the growth strategies of the largest market share holders helping key players and new entrants understand the investment potential in the Global Synthetic Rubber Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.
Regional Analysis:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Furthermore, the years considered for the study are as follows:
Historical year – 2018-2023
Base year – 2023
Forecast period – 2024 to 2032
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Major Highlights of TOC:
Chapter 1: Overview of the Global Synthetic Rubber Market in 2024
1.1 Synthetic Rubber Industry Analysis
1.2 Key Companies and Product Profiles
1.3 Synthetic Rubber Market Segments
1.4 Industry Value Chain Analysis
1.5 Market Dynamics- Trends, Drivers, and Opportunities
1.6 Pricing Analysis
1.7 Porter’s Five Forces Analysis
1.8 SWOT Profile
1.9 Macro-Economic and Demographic Impact Analysis
1.10 Scenario Analysis
Chapter 2: Global Synthetic Rubber Demand Forecasts
2.1 Overview of the Segment
2.2 Global Historic Synthetic Rubber Market Size (2018-2023) by Types, Applications, and Other Segments
2.3 Global Forecast Synthetic Rubber Market Size (2024-2032) by Types, Applications, and Other Segments
Chapter 3: Segment-wise Synthetic Rubber Market Forecasts
3.1 Key Market Segments
3.2 Premium Insights- Largest Types, Applications and Segments
3.3 Premium Insights- Most Lucrative Types, Applications, and Segments
Chapter 4: Synthetic Rubber Market Outlook by Country
4.1 Synthetic Rubber Market by Regions
4.2 Synthetic Rubber Market Revenue Share by Region
4.3 North America (US, Canada, Mexico)
4.4 Europe (Germany, UK, France, Spain, Italy, Russia, Others)
4.5 Asia Pacific (China, Japan, India, South Korea, Australia, South East Asia, Others)
4.6 Latin America (Brazil, Argentina, Chile, Others)
4.7 Middle East and Africa (Saudi Arabia, UAE, Qatar, South Africa, Nigeria, Egypt, Others)
Player Analysis in Chapter Five
5.1 Players’ Market Share Analysis (2023)
5.2 Regional Market Concentration Rates
5.3 Business Profiles, SWOT Analysis, Financial Details, Product Portfolio of Companies
……….continued
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