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Global Synthetic Rubber Market 2017-2021

Global Synthetic Rubber Market 2017-2021

About Synthetic Rubber

Rubber belongs to elastomer type polymer class in which the polymer has the ability to return to its original shape post-deformation. The polymer is in a coiled form while it is resting. The ability to stretch the chains offers the elastic feature to rubber, and it returns to its original shape when the chains snap back after the tension is released. Rubber is a group term for macromolecular substances of natural and synthetic origin. The natural origin compound is generally known as natural rubber (NR), which is an addition polymer that is a derivative of the milky white fluid known as a latex. Latex is obtained from a tropical rubber tree. The natural rubber has the ability to vulcanize, a process by which the shorter chains get linked with sulfur to form longer chains. Synthetic rubber is an artificial elastomer that resembles natural rubber closely in various features.

Technavio’s analysts forecast the global synthetic rubber market to grow at a CAGR of 5.16% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global synthetic rubber market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of synthetic rubber.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Synthetic Rubber Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Asahi Kasei Corporation
  • Bridgestone
  • ExxonMobil
  • LANXESS
  • MICHELIN
Other prominent vendors
  • China National Petroleum Corporation
  • China Petroleum & Chemical Corporation
  • Denka Company
  • DowDuPont
  • Grupo Dynasol
  • JSR
  • KUMHO PETROCHEMICAL
  • LCY GROUP
  • Reliance Industries
  • SABIC
  • Sumitomo Chemical
  • The Goodyear Tire & Rubber Company
  • TSRC
  • UBE INDUSTRIES
  • Versalis
Market driver
  • Increasing preference over natural rubber
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating raw material cost
  • For a full, detailed list, view our report
Market trend
  • Rising acceptance for green tires
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Synthetic Rubber Market 2017-2021

Technavio recognizes the following companies as the key players in the global synthetic rubber market: Asahi Kasei Corporation, Bridgestone, ExxonMobil, LANXESS, and MICHELIN

Other Prominent Vendors in the market are: China National Petroleum Corporation, China Petroleum & Chemical Corporation, Denka Company, DowDuPont, Grupo Dynasol, JSR, KUMHO PETROCHEMICAL, LCY GROUP, Reliance Industries, SABIC, Sumitomo Chemical, The Goodyear Tire & Rubber Company, TSRC, UBE INDUSTRIES, and Versalis.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising acceptance for green tires. Around 5-10 gallons of petroleum are required to manufacture a tire. The concept of manufacturing green tires mainly refers to the enhancements in fuel economy that is a result of reducing the rolling resistance of tires. It is generally achieved using special rubber formulations. Around 86% of the tire’s ecological impact hovers around how it impacts the fuel consumption. Green tires are those that have enhanced performance in terms of rolling resistance, mileage, road grip, and noise emissions.”

According to the report, one of the major drivers for this market is Increasing preference over natural rubber. The market is witnessing an increasing demand for synthetic rubber over natural rubber mainly because of their significantly less price and a wide variety of options to meet the increasing demand. The development of synthetic rubber itself was due to the high price and less supply of natural rubber. The decline in the natural rubber supply coincided with World War I and II, prompting the need for low-cost products with steady supplies in order to make tires. This resulted in the production of SBR and butadiene rubbers. With time, more synthetic rubber products were developed and introduced into the market.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuating raw material cost. Price fluctuations of raw materials that are used to manufacture synthetic rubber pose a major challenge to the synthetic rubber manufacturers. Naphtha monomers such as ethylene and propylene, the major raw materials for synthetic rubber, are manufactured from compounds such as ethane and propane. Over the past few years, the synthetic rubber market has witnessed monomer price volatility. The prices of these petrochemicals are dependent on the price of natural gas and crude oil. Due to the demand-supply imbalance and the volatile political situation in the Middle East, which has the major share of world oil supply, there has always been increased volatility in the prices of crude oil in the overseas market.

Companies Mentioned

Asahi Kasei Corporation, Bridgestone, ExxonMobil, LANXESS, MICHELIN, China National Petroleum Corporation, China Petroleum & Chemical Corporation, Denka Company, DowDuPont, Grupo Dynasol, JSR, KUMHO PETROCHEMICAL, LCY GROUP, Reliance Industries, SABIC, Sumitomo Chemical, The Goodyear Tire & Rubber Company, TSRC, UBE INDUSTRIES, and Versalis.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Global rubber market by type 2016 (%)
      • Table Production process of synthetic rubber
      • Table Advantages of synthetic rubber
  • Market landscape
    • Market overview
      • Table Global synthetic rubber market overview
    • Market size and forecast
      • Table Global synthetic rubber market 2016-2021 (kilotons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global synthetic rubber market by product
      • Table Global synthetic rubber market by product 2016 (%)
      • Table Global synthetic rubber market by product 2021 (%)
      • Table Global synthetic rubber market by product 2016-2021 (kilotons)
    • Global synthetic rubber market by SBR
      • Table Global synthetic rubber market by SBR 2016-2021 (kilotons)
    • Global synthetic rubber market by BR
      • Table Global synthetic rubber market by BR 2016-2021 (kilotons)
    • Global synthetic rubber market by SBC
      • Table Global synthetic rubber market by SBC 2016-2021 (kilotons)
    • Global synthetic rubber market by EPDM
      • Table Global synthetic rubber market by EPDM 2016-2021 (kilotons)
    • Global synthetic rubber market by NBR
      • Table Global synthetic rubber market by NBR 2016-2021 (kilotons)
    • Global synthetic rubber market by others
      • Table Global synthetic rubber market by others 2016-2021 (kilotons)
  • Market segmentation by application
    • Global synthetic rubber market by application
      • Table Global synthetic rubber market by application 2016 (%)
      • Table Global synthetic rubber market by application 2021 (%)
      • Table Global synthetic rubber market by application 2016-2021 (%)
    • Global synthetic rubber market by tire segment
      • Table Global synthetic rubber market by tire segment 2016-2021 (kilotons)
      • Table Rubber percentage by weight in a new radial passenger tire
    • Global synthetic rubber market by non-tire segment
      • Table Global synthetic rubber market by non-tire segment 2016-2021 (kilotons)
  • Regional landscape
    • Table Global synthetic rubber market by geography 2016-2021 (% share)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast
      • Table APAC - Market size and forecast 2016-2021 (kilotons)
      • Table APAC - Year-over-year growth 2017-2021 (%)
    • EMEA - Market size and forecast
      • Table EMEA - Market size and forecast 2016-2021 (kilotons)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
    • Americas - Market size and forecast
      • Table Americas - Market size and forecast 2016-2021 (kilotons)
      • Table Americas - Year-over-year growth 2017-2021 (%)
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global motor vehicle sales 2015-2020 (millions of units)
      • Table Global passenger vehicle sales 2015-2020 (millions of units)
      • Table Global commercial vehicle sales 2015-2020 (millions of units)
    • Market challenges
      • Table Price fluctuations of Brent crude oil 2005-2016 ($/bbl)
  • Market trends
    • Rising acceptance for green tires
    • Growing demand for bio-based feedstock
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key market vendors
  • Vendor landscape
    • Other prominent vendors
  • Key vendor analysis
    • Asahi Kasei Corporation
      • Table Asahi Kasei Corporation: Business segmentation by revenue 2016
      • Table Asahi Kasei Corporation: Geographic segmentation by revenue 2016
    • Bridgestone
      • Table Bridgestone: Business segmentation by revenue 2016
      • Table Bridgestone: Geographical segmentation by revenue 2016
    • ExxonMobil
      • Table ExxonMobil: Business segmentation by revenue 2016
      • Table ExxonMobil: Geographical segmentation by revenue 2016
    • LANXESS
      • Table LANXESS: Business segmentation by revenue 2016
      • Table LANXESS: Geographic segmentation by revenue 2016
    • MICHELIN
      • Table MICHELIN: Business segmentation by revenue 2016
      • Table MICHELIN: Geographic segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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