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Global synthetic rubber market is projected to grow at significant CAGR 4.8% during the forecast period. The synthetic rubber is the manufactured product of the petrochemicals. There are various types of synthetic rubbers that are differentiated on the basis of their properties and its associated pros and cons.
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Orion Market Research Synthetic Rubber Market, Size, Share, Analysis Report & Forecast to 2025 To Market: https://www.omrglobal.com/request-sample/synthetic-rubber-market-size Request a Sample of our Report on Synthetic Rubber Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404
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. (Get 15% Discount on Buying this Report) A full Report of Synthetic Rubber Market is Available at: https://www.omrglobal.com/industry- reports/synthetic-rubber-market-size Substantial Opportunities in Emerging Markets such as China and India Emerging economies such as China and India are expected to witness immense growth and development in the synthetic rubber market during the forecast period due to its rising application in the automotive tire and other automotive application coupled with a large pool of population in these countries. Growing application of hydrogenated nitrile-butadiene rubber (HNBR) in the emerging economies is propelling the market growth. Moreover, China contributes significantly to the market due to rapid industrialization and government policy to promote rubber production raises the demand for synthetic rubber in the country. Additionally, growing demand for synthetic rubber in the footwear industry is contributing to the growth of the market in the region. The growing trend toward lightweight products Increasing preference light weight and durable products in various industrial applications are estimated to contribute to the growth of the synthetic rubber market. There are different types of lightweight products such as hand gloves that can be utilized in several places such as in medical field, welding sector for industrial application. The synthetic rubber gloves have high strength and are durable in nature. There are different types of rubber suits such as rubber wet suit, rubber dry suit, rubber rain suit and so on. In defense there is armor made of synthetic rubber. These applications of synthetic rubber further propel market growth. Rising Environmental concern Rising environmental concern due to the production and application of the synthetic rubber may hinder the synthetic rubber market during the forecast period. There is a huge amount of carbon dioxide emitted that increase the greenhouse gases, impacting the ozone layer and increase global warming eventually. There are several types of pollution caused while the production as the plastic waste has to be dumped on the land causing land pollution. Owing to disadvantages such as toxic smoke generation when burned, incompatibility with solvents and many more, the use of synthetic rubber in industries may get affected which ultimately hinders the market growth in the forecast period. To Market: https://www.omrglobal.com/request-sample/synthetic-rubber-market-size Request a Sample of our Report on Synthetic Rubber
Global Synthetic Rubber Market- Segmentation By Type • • • • • • Styrene Butadiene Rubber (SBR) Polybutadiene Rubber (BR) Styrene Block Copolymer (SBC) Ethylene Propylene Diene Monomer (EPDM) Butyl Rubber Others (Nitrile Butadiene Rubber) By Application • • • • Automotive Industrial Footwear Other (Electronics) Regional Analysis North America • • United States Canada Europe • • • • • • UK Germany Spain France Italy Rest of Europe Asia-Pacific • • • • India China Japan Rest oF APAC Rest of The World Company Profiles • • ARLANXEO Holding B.V. Asahi Kasei Group
• • • • • • • • • • • • • • • • • • • • • • Denka Co. Ltd. DuPont de Nemours, Inc. Dynasol Group Exxon Mobil Corp. Firestone Polymers, LLC Goodyear Tire & Rubber Co. Indian Synthetic Rubber Pvt. Ltd. JSR Corp. Kuraray Co., Ltd. LANXESS AG LCY CHEMICAL CORP. LG Chem, Ltd. Lion Elastomers LLC Reliance Industries Ltd. Saudi Basic Industries Corp. (SABIC) SIBUR International GmbH Sinopec Corp., a company of China Petroleum & Chemical Corp. Sumitomo Corp. Tosoh Corp. Trinseo S.A. TSRC Corp. Ube Industries, Ltd. Reasons to Buying From us – 1.We cover more than 15 major industries, further segmented into more than 90 sectors. 2.More than 120 countries are for analysis. 3.Over 100+ paid data sources mined for investigation. 4.Our expert research analysts answer all your questions before and after purchasing your report. For https://www.omrglobal.com/report-customization/synthetic-rubber-market-size More Customized Data, Request for Report Customization @ About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research- based services. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 7803040404