Synthetic Rubber Market

(EstateNewsWire.com, September 09, 2019 )

Market Overview:

Synthetic rubber, like natural rubber, has uses in the automotive industry for tires, door and window profiles, hoses, belts, matting, and flooring Synthetic rubber, like other polymers, is made from various petroleum-based monomers. It is any artificial elastomer. About fifteen billion kilograms (thirty-three billion pounds) of rubbers are produced annually, and of that amount two-thirds are synthetic. By application, the synthetic rubber market is segmented into footwear, industrial, automotive, construction and others. Others include electrical & electronics and healthcare.

Market Dynamics:

Rising demand from the automotive industry especially from tires is the major driver for market growth worldwide. Unlike in the case of bus and truck radial tyres, the percentage of SR used is higher in passenger car radials for speed and performance. Styrene butadiene (SBR) and poly butadiene are the chief forms of SR used by the rubber industry. Growing sales of passenger cars in recent years have led to increased use of SR by the tyre industry worldwide. The production of synthetic rubber in China has reached 5,787,000 tons in 2017 which holds a major share worldwide, but still, to meet its domestic demand, China has to import millions of tons of synthetic rubber every year.

Adding to this, synthetic rubber is used a great deal in printing on textiles, in which case it is called rubber paste. In most cases, titanium dioxide is used with co-polymerization and volatile matter in producing such synthetic rubber for textile use. Moreover, this kind of preparation can be considered to be pigment preparation based on titanium dioxide.

Environmental regulation and health hazards in the synthetic rubber manufacturing industry are the major restraints hindering the growth of the market.

Segment Analysis:

Synthetic Rubber market is segmented into

By Application

• Footwear

• Industrial

• Automotive

• Construction

• Others (Electrical & Electronics, Healthcare)

By Type

• Polybutadiene Rubber (BR)

• Ethylene Propylene Diene Monomer (EPDM)

• Styrene Butadiene Rubber (SBR)

• Butyl Rubber (IIR)

• Styrenic Block Copolymer (SBC)

• Nitrile Butadiene Rubber (NBR)

• Others (Polyisoprene Rubber, Polychloroprene Rubber)

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Geographical Analysis:

• North America

• Asia-Pacific (APAC)

• Europe

• South America

• Middle East and Africa (MEA).

Competitive Landscape:

The Synthetic Rubber market is a partially competitive having significant share of top companies.

Key Player:

• Kumho Petrochemical*

• JSR Corporation

• LANXESS

• Sinopec

• ZEON Corporation

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