The global synthetic rubber market size is expected to reach USD 24.90 Billion at a revenue CAGR of 3.8% in 2028, according to latest analysis by Emergen Research. Steady global synthetic rubber market growth can be attributed to increasing cost of natural rubber and various benefits provided by synthetic rubber over natural rubber. 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.

The Global Synthetic Rubber Market research report is a detailed document outlining the recent advancements and developments in the Synthetic Rubber business sphere considering 2019 as the base year and 2020-2027 as the forecast timeline. The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.

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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 2027?

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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