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 report strives to offer beneficial strategic recommendations to the readers to help them achieve their business goals and objectives. Moreover, a thorough regional analysis of the Synthetic Rubber industry offers a comprehensive understanding of the spread of the Synthetic Rubber industry along with the growth rate of the market.

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Competitive Landscape:

The report further studies the major competitors of the Synthetic Rubber market in the industry to provide a comprehensive overview of the competitive landscape. Key factors such as productivity, manufacturing and production capacity, and demand and supply ratio, among others, are also examined. The key companies profiled in the report are 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. Moreover, the report also analyses the key business initiatives undertaken by companies such as mergers and acquisitions, joint ventures, collaborations, and partnerships, among others.

Market Segmentation:

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

The regional analysis of the Synthetic Rubber market mainly focuses on the key regions and regional market in North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. It evaluates the presence of the global Synthetic Rubber market in the major regions with regards to market share, market size, revenue contribution, sales network, and distribution channel, and other key elements.

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Major Objectives of the Study:

• To offer a comprehensive analysis of the market scenario to derive an accurate forecast of the market and its major segments
• Accurate insights into the future growth prospects of the market through an analysis of the influencing factors
• Analysis of vital aspects of the market including cost analysis, supply chain analysis, Porter's Five Forces analysis, SWOT analysis, and investment return analysis
• Extensive historical and forecast estimation of the market revenue based on its key segments and key regions
• Comprehensive analysis of the competitive landscape of the market along with exhaustive profiling of the key competitors, product portfolio, and manufacturing and production capabilities
• An accurate and comprehensive 8-year forecast for the Synthetic Rubber industry vertical on both regional and global scale

Table of Content:

Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2020-2028 Chapter 3. Key Insights Chapter 4. Synthetic Rubber Market Segmentation & Impact Analysis 4.1. Synthetic Rubber Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers' analysis 4.2.2.1. Growing demand for automotive 4.2.2.2. Increasing use of synthetic rubber in footwear 4.2.2.3. Growing demand for rubber seals in consumer goods 4.2.3. Market restraints analysis 4.2.3.1. Availability of substitutes 4.2.3.2. Limitations associated with synthetic rubber 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter's Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis

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