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Global Synthetic Rubber Market Forecast to 2030 - COVID-19 Impact and Analysis by Type (Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (BR), Ethylene Propylene Diene Monomer (EPDM), Butyl Rubber (IIR), Nitrile Butadiene Rubber (NBR), and Others); Application (Tire, Non-Tire Automobile, Footwear, Industrial, and Others); and Geography

  • Industry : Chemical & Materials
  • No. of Pages : 195
  • Report Code : YVCM10238

Global Synthetic Rubber Market Introduction

Synthetic rubber is produced by the combination of monomers along with a chemical compound. Synthetic rubber is widely used for making tires, gaskets, hoses, rings, tubes, belts, and others. Growing demand for vehicles across the globe is anticipated to boost the growth of the automobile industry resulting in extreme demand for synthetic rubber, this, in turn, boosting the growth of the synthetic rubber market. The increasing population is resulting in huge demand for footwear, which also anticipating the demand for the synthetic rubber market. Moreover, synthetic rubbers are recognized as an ideal alternative to natural rubber due to their lost cost and high properties. This factor is likely to boom the demand for the synthetic rubber market. However, the hazardous impacts of synthetic rubber and strict rules issued by the government regarding the environment may restrict its adoption in several applications. An increase in the trend of using synthetic rubbers in automotive to reduce the weight of vehicles for fuel efficiency is further supporting the synthetic rubber market growth in the near future.

Global Synthetic Rubber Market Overview

The global synthetic rubber market provides an in-depth analysis of segments and sub-segments, region, and country analysis of the overall growth prospects in the market. The report offers a complete overview of the industry, including both qualitative and quantitative information. The synthetic rubber market report covers a complete analysis and provides market size and forecast estimation from the year 2017 to 2030 based on various segments and sub-segments with respect to four major regions, including North America, Europe, Asia-Pacific (APAC), Latin America & Middle East and Africa (LAMEA). The research report highlights underlying factors such as the drivers, restraints, opportunities, and trends of the global synthetic rubber market over the long as well as short period of time. Furthermore, the global synthetic rubber market report offers PEST analysis, NOISE analysis, improvement Venn diagram, brand recall, perceptual mapping, ecosystem/value chain analysis, Porter’s five forces analysis, and investment pocket analysis with respect to the market. By examining the data collected from primary and secondary methods, the report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. This information can help stakeholders to make appropriate decisions before investing.

Global Synthetic Rubber Market Insights

The market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, financial information, SWOT analysis, and key strategies, such as recent developments, market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. Players operating in the global synthetic rubber market mainly focus on the adoption of various strategies to expand their footprint across the world and take the initiative for the development of innovative, efficient, and advanced products.

Market Mapping

Market mapping or perceptual mapping is the graphical representation of where a brand, product, or service stands among competitors. Market mapping analysis helps to understand the client how their customers perceive their product offering with their competitors for the synthetic rubber market. By identifying their current products and competitor products on the market map, the business can fill an identified gap to compete with the competition actively.

COVID-19 Impact on Global Synthetic Rubber Market

The COVID-19 pandemic has largely impacted globally since December 2019. According to the World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, Germany, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain of raw materials required for packaging, resulting in demand-supply gaps. This scenario is expected to have a large impact on the global synthetic rubber market.

With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:

·        Rapid shifts in top 100 companies across each sector

·        Growth and decline in each sector due to the COVID-19 pandemic

Global Synthetic Rubber Market Segmentation

Global Synthetic Rubber Market – by Type

·        Styrene Butadiene Rubber (SBR)

·        Polybutadiene Rubber (BR)

·        Ethylene Propylene Diene Monomer (EPDM)

·        Butyl Rubber (IIR)

·        Nitrile Butadiene Rubber (NBR)

·        Others

Global Synthetic Rubber Market – by Application

·        Tire

·        Non-Tire Automobile

·        Footwear

·        Industrial

·        Others

Global Synthetic Rubber Market – by Geography

·        North America

o   US

o   Canada

o   Mexico

·        Europe

o   Germany

o   France

o   Italy

o   UK

o   Russia

o   Spain

o   Netherlands

o   Rest of Europe

·        Asia-Pacific (APAC)

o   China

o   India

o   South Korea

o   Japan

o   Australia

o   Singapore

o   Rest of APAC

·        LAMEA

o   Latin America

o   Middle East

o   Africa

Key Players

1.      Asahi Kasei Advance Corporation

2.      Exxon Mobil Corporation

3.      JSR Corporation

4.      Kumho Petrochemical

5.      LANXESS 

6.      LG Chem

7.      PJSC Nizhnekamskneftekhim

8.      SABIC

9.      Sinopec

10.   The Goodyear Tire & Rubber Company

11.   Tosoh Corporation

12.   Trinseo

13.   TSRC 

14.   Versalis S.P.A.

15.   Zeon Corporation

Brand Recall

Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to the market. These strategies will help the company make people more aware of your brand, especially by targeting relevant, high-quality audiences for the synthetic rubber market.

Key Questions Answered

·        Which region provides more business opportunities for the global synthetic rubber market in the upcoming years?

·        Who is the leading overall synthetic rubber market, and what strategies have been adopted by them?

·        Which segment accounted for the largest synthetic rubber market share?

·        What are the upcoming trends in the global synthetic rubber market? What impact would these trends make in the coming years for the synthetic rubber market?

·        Which player offering the best product range for the global synthetic rubber market?

Key Benefits for Stakeholders

·        This study presents the analytical description of the synthetic rubber market analysis along with the current trends and future estimations to describe coming up investment pockets

·        The complete synthetic rubber market opportunity is resolute by knowing profitable trends to gain a stronger foothold

·        The report describes insights associated with key drivers, restraints, opportunities, and trends of the global synthetic rubber market with thorough impact analysis

·        The global synthetic rubber market is quantitatively analyzed from 2017 to 2030 to focus on the monetary ability

·        PEST analysis defines the potency of the consumers and suppliers in the global synthetic rubber market

·        Porter’s five forces analysis examines the five forces that make a competitive company while identifying its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global synthetic rubber market

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