Synthetic Rubber Market To Reach USD 45.72 Billion By 2027 – Reports And Data

The global synthetic rubber market is expected to reach USD 45.72 Billion by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the increasing end-use applications of synthetic rubber.

Increasing demand of synthetic rubber for tire production is one of the significant factors influencing the market growth. The benefits of synthetic rubber comprises exceptional abrasion resistance and adhesion to metals, thereby making it suitable in making of seals, gaskets, and other products. Also, synthetic rubber provides optimum performance in harsh temperatures owing to better heat resistance quality. It has been found that tires manufactured from synthetic rubber lose around 30.0% less mass as compared to tires produced from natural rubber. Moreover, the advancement in production technology has transformed the automobile industry, which is expected to experience increased sales in the upcoming years, thus creating an increase in the demand for tires, and in turn, would drive the growth of the market.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2824

Growing demand for synthetic rubber from the footwear industry is fuelling the market demand. The footwear industry using a wide variety of materials that are used to make footwear ranging from casual footwear to technical products, including protective and safety footwear. Synthetic rubber possesses several superior physical characteristics appropriate for producing shoe sole; specifically, abrasion resistance, durability, tensile resistance, slip resistance, tear strength resistance, oil resistance, and the capacity to be molded in different shades.

Key participants include:

DuPont, Eastman Chemical Company, INEOS, ExxonMobil Corporation, Chevron Phillips Chemical Company, Nova Chemicals Corporation, Mitsubishi Chemical Corporation, SABIC, Sinopec, and Goodyear, among others.

Further key findings from the report suggest

• By product type, styrene-butadiene rubber contributed to the largest market share in 2019. Styrene-butadiene rubber polymer substitutes natural rubber because it is more environmental friendly and provides various benefits. For example, this product type provides crack endurance, exceptional abrasion resistance, and usually ages well. Furthermore, it offers excellent water resistance and compression set resistance.
• By application, footwear application is estimated to grow at a rate of 3.7% in the forecast period.
• By distribution channel, the online distribution channel is projected to grow at a faster rate of 7.1% in the period 2020-2027, as this mode of distribution has the advantage of providing a broader exposure to the product produced by the manufacturers, especially with the proliferation of smart devices and internet connectivity.
• The market in the Asia Pacific region dominated the market in 2019 and is projected to grow at a rate of 5.4% in the forecast period. The market dominance of the APAC region is attributed to the rapid urbanization, rise in the level of disposable income, and growth of the end-use industries, particularly the automotive and footwear industry.

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For the purpose of this report, Reports and Data have segmented the global synthetic rubber market on the basis of product type, application, distribution channel, and region:

Product Type Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)

• Styrene-Butadiene Rubber
• Ethylene Propylenediene Rubber
• Polyisoprene
• Polybutadiene Rubber
• Others

Application Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)

• Automotive
• Footwear
• Industrial Goods
• Others

Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)

• Online
• Offline

Regional Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)

• North America
  • U.S
• Europe
  • U.K
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• MEA

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2824

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-synthetic-rubber-market

The post Synthetic Rubber Market To Reach USD 45.72 Billion By 2027 – Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

The global synthetic rubber market is expected to reach USD 45.72 Billion by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the increasing end-use applications of synthetic rubber.

Increasing demand of synthetic rubber for tire production is one of the significant factors influencing the market growth. The benefits of synthetic rubber comprises exceptional abrasion resistance and adhesion to metals, thereby making it suitable in making of seals, gaskets, and other products. Also, synthetic rubber provides optimum performance in harsh temperatures owing to better heat resistance quality. It has been found that tires manufactured from synthetic rubber lose around 30.0% less mass as compared to tires produced from natural rubber. Moreover, the advancement in production technology has transformed the automobile industry, which is expected to experience increased sales in the upcoming years, thus creating an increase in the demand for tires, and in turn, would drive the growth of the market.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2824

Growing demand for synthetic rubber from the footwear industry is fuelling the market demand. The footwear industry using a wide variety of materials that are used to make footwear ranging from casual footwear to technical products, including protective and safety footwear. Synthetic rubber possesses several superior physical characteristics appropriate for producing shoe sole; specifically, abrasion resistance, durability, tensile resistance, slip resistance, tear strength resistance, oil resistance, and the capacity to be molded in different shades.

Key participants include:

DuPont, Eastman Chemical Company, INEOS, ExxonMobil Corporation, Chevron Phillips Chemical Company, Nova Chemicals Corporation, Mitsubishi Chemical Corporation, SABIC, Sinopec, and Goodyear, among others.

Further key findings from the report suggest

• By product type, styrene-butadiene rubber contributed to the largest market share in 2019. Styrene-butadiene rubber polymer substitutes natural rubber because it is more environmental friendly and provides various benefits. For example, this product type provides crack endurance, exceptional abrasion resistance, and usually ages well. Furthermore, it offers excellent water resistance and compression set resistance.
• By application, footwear application is estimated to grow at a rate of 3.7% in the forecast period.
• By distribution channel, the online distribution channel is projected to grow at a faster rate of 7.1% in the period 2020-2027, as this mode of distribution has the advantage of providing a broader exposure to the product produced by the manufacturers, especially with the proliferation of smart devices and internet connectivity.
• The market in the Asia Pacific region dominated the market in 2019 and is projected to grow at a rate of 5.4% in the forecast period. The market dominance of the APAC region is attributed to the rapid urbanization, rise in the level of disposable income, and growth of the end-use industries, particularly the automotive and footwear industry.

Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2824

For the purpose of this report, Reports and Data have segmented the global synthetic rubber market on the basis of product type, application, distribution channel, and region:

Product Type Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)

• Styrene-Butadiene Rubber
• Ethylene Propylenediene Rubber
• Polyisoprene
• Polybutadiene Rubber
• Others

Application Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)

• Automotive
• Footwear
• Industrial Goods
• Others

Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)

• Online
• Offline

Regional Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)

• North America
  • U.S
• Europe
  • U.K
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• MEA

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2824

Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

Drug Blister Packaging Market Size, Share & Analysis, By Product Type (Clamshell, Carded), By Material (Plastic, Aluminum, Paper & Paperboard), By Technology (Cold Forming, Thermoforming), By Application (Tablets, Capsules, Others), And By Region, Forecast To 2027

Honeycomb Activated Carbon Market Size, Share & Analysis, By Type (Water-Resistant, Ordinary, Other), By Application (Indoor Air Purification, Catering Fume Exhaust Gas Treatment, Factory Organic Waste Gas Treatment, Organic Solvent Adsorption And Recovery Catalyst Carrier, Others) and Regional Forecast over 2017-2027

Fumed Silica Market Size, Share & Analysis, By Type (BET 100–160, BET 160–210, BET 210–300, Others), By Application (Silicone Rubber, Adhesives & Sealants, Polyester, Paints, Inks, Others), And By Region, Forecast To 2027

Tetramethylammonium Hydroxide (TMAH) Market By Type (Industrial Grade, Electrical Grade, Solar Grade), By Application Type (Semiconductor, Zeolites, Polymers, Energy), Region-Global Forecast To 2027

Vinyl Ester Resins Market Size, Share & Analysis, By Product Type (Bisphenol A, Novolac, Flame Retardant Epoxy, Phenolic Epoxy, High Crosslinking Density Epoxy, Flexible Epoxy, Others), By Application (Pipes & Tanks, Binders, FRP Products, Anti-corrosion Coatings, Marine, Buildings & Construction, Automotive, Wind Energy, Others), By Region, Forecast To 2027

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-synthetic-rubber-market

The post Synthetic Rubber Market To Reach USD 45.72 Billion By 2027 – Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.