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Synthetic Rubber Market SWOT Analysis Set for Rapid Growth and Trend, by 2024<br>
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Synthetic Rubber Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2023 ©2019 Transparency Market Research, All Rights Reserved
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Global Synthetic Rubber Market: Overview Both fragmented and competitive, the global synthetic rubbers market is choc-o-bloc with large, medium, and small players. To beat competition in such a cutthroat environment, the deep-pocketed players are seen upping spends on research and development to launch better products. They are also banking heavily on an agile supply chain and proactive marketing and advertising. In order to grow, they are looking to foray into high growth markets in developing economies of the world through carefully-considered mergers and acquisitions. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
Tires Serve to Drive Maximum Demand in Global Synthetic Rubber Market • Synthetic rubber finds usage in making footwear, industrial goods, asphalt overlay, tires, and adhesives. • Of them, the tires segment generates most of the demand in the market and going forward is predicted to maintain its lead in generating demand. • Players are also coming up with eco-friendly versions since that contain silica which reduces roll resistance. • This in turn helps to consume lesser amounts of fuel.
Asia Pacific, Powered by China, Leads Market At present, Asia Pacific accounts for a leading share in the global synthetic rubber market and going forward too is predicted to hold on to its leading share by rising impressively. The growth in the market is mainly powered by the fastest growing economies in the region – China and India. Malaysia is another major consumer of rubber in the region. This is because of the rising sales of automobiles in the two nations. ©2019 Transparency Market Research, All Rights Reserved
Prominent participants in the global synthetic rubber market Versalis S.p.A. Asahi Kasei Corporation DuPont KUMHO PETROCHEMICAL The Dow Chemical Company Sumitomo Chemical Co. ©2019 Transparency Market Research, All Rights Reserved
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