Synthetic Rubbers Market To Expand At A Modest CAGR Of 5.1% By 2023

Synthetic Rubber Market transparency

All such initiatives by players is expected to have a positive impact on the global synthetic rubber market. Besides, high cost of natural rubbers owing to their depleting plantations across the world is another factor providing tailwinds to the global synthetic rubber market. To satisfy the rising demand from the automobiles and construction sector, the cheaper synthetic rubbers have emerged as a viable alternative.

The global synthetic rubber market is predicted to rise at a 5.1% CAGR over the course of the forecast period starting from 2015 and ending in 2023. At this pace, the market is predicted to attain a value of US,767.1 mn by 2023.

Read Report Overview @ https://www.transparencymarketresearch.com/synthetic-rubber-market.html

The report includes a detailed value chain analysis, which provides a comprehensive view of the global synthetic rubber market. Porter’s Five Forces model for the synthetic rubber market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global synthetic rubber market by segmenting it in terms of products and end-users. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual products and end-user segments in all the regions.

Request Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1192

The study includes profiles of major companies operating in the global synthetic rubber market. Key players profiled in the report include LANXESS AG, China Petroleum & Chemical Corporation (Sinopec Corporation), China National Petroleum Corporation (CNPC), KUMHO PETROCHEMICAL, TSRC Corporation, Asahi Kasei Corporation, ExxonMobil Corporation (ExxonMobil), DuPont, Dynasol Elastomers, Sumitomo Chemical Co., Ltd., The Dow Chemical Company, and Versalis S.p.A. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The report provides the estimated market size of synthetic rubber for 2015 and forecast for the next eight years. The global market size of synthetic rubber is provided in terms of both volume as well as revenue. Market volume is defined in kilo tons, while market revenue is in US$ Mn. Market numbers are estimated based on key product segments and end-user segments of synthetic rubber. Market size and forecast for each major product and end-user is provided in terms of global and regional markets.

Get More Info Visit @ https://www.prnewswire.com/news-releases/global-industrial-rubber-products-market-estimated-to-reach-us-151-billion-by-2025-transparency-market-research-675975863.html

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, oneSOURCE, Factiva, and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.

About This Author

Rakesh Joined: November 28th, 2018