DUBLIN--(BUSINESS WIRE)--The "Synthetic Rubber Market by Type (SBR, BR, SBC, EPDM, IIR, NBR), Application (Tire, Non-Tire Automotive, Footwear, Industrial), and Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) - Global Forecast to 2022" report has been added to Research and Markets' offering.
The synthetic rubber market is estimated to be USD 28.88 Billion in 2017 and is projected to reach USD 37.82 Billion by 2022, registering a CAGR of 5.5% between 2017 and 2022.
Rising use of synthetic rubbers in the tire and non-tire automotive applications, growing trend of using synthetic rubbers in automotive to reduce the weight of vehicles for fuel efficiency, and increasing demand from Asia Pacific are the major factors expected to drive the global synthetic rubber market during the forecast period.
Asia Pacific is estimated to be the largest market for synthetic rubber in 2017 and is also projected to register the highest CAGR during the forecast period. China is expected to account for the largest share of the Asia Pacific synthetic rubber market till 2022 and is also expected to be the fastest-growing market for synthetic rubber during the forecast period.
Major producers of synthetic rubber, such as Sinopec (China), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), JSR Corporation (Japan), LG Chem (South Korea), and ZEON Corporation (Japan) are located in the Asia Pacific region. Europe is estimated to account for the second-largest share of the global synthetic rubber market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Synthetic Rubber Market, By Type
7 Synthetic Rubber Market, By Application
8 Synthetic Rubber Market, By Region
9 Competitive Landscape
10 Company Profiles
- American Synthetic Rubber Company
- Asahi Kasei Advance Corporation
- Firestone Polymers
- Group Dynasol
- Indian Synthetic Rubber Private Limited
- Jsr Corporation
- Kraton Corporation
- Kumho Petrochemical
- LG Chem
- The Goodyear Tire And Rubber Company
- Tosoh Corporation
- Tsrc Corporation
- Ube Industries
- Versalis S.P.A.
- Zeon Corporation
For more information about this report visit https://www.researchandmarkets.com/research/2jvlhj/synthetic_rubber