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Synthetic Rubber Market Report Insights (2023-2030) :(122 Pages Report)
synthetic rubber market Research Report give analysis of industry development growth opportunities, Trend till 2030. Synthetic Rubber Market detailed analysis of business is mainly cover by Application [ Tires, Industrial Goods, Footwear, Other ], by Type [ Styrene Butadiene Rubber (SBR), Nitrile Butadiene Rubber/Acrylonitrile Butadiene Rubber (NBR), Ethylene-Propylenediene Rubber (EPDM), Chloroprene Rubber (CR), Polybutadiene Rubber (BR), Others ] Region Forecast to 2030. By providing a detailed analysis of the market landscape, this report equips companies with the information they need to make informed decisions about their business strategies and potential areas of growth. ask for a sample report
The latest research study on the global Synthetic Rubber market finds that the global Synthetic Rubber market reached a value of USD 29055.29 million in 2022. It's expected that the market will achieve USD 40398.81 million by 2028, exhibiting a CAGR of 5.65% during the forecast period.
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The Reports Will Help with Solving the Following Inquiries:
What's the current scope of the Synthetic Rubber market request in various regions? How is the Synthetic Rubber market demand divided into different product type? How is the demand predicted to develop in the future? What's the demand possibility compared to other countries?
Top Manufactures Listed In the Synthetic Rubber Market Report are:-
KUMHO PETROCHEMICAL Lion Elastomers LCY Asahi Kasei SYNTHOS SA Dow Chemical Company SABIC Sumitomo Sinopec Eneos Corp ARLANXEO Versalis Goodyear Dynasol Elastomer Zeon TOSOH Showa Denko KK TSRC Corporation LG Exxon Mobil NKNH China National Petroleum Corporation (CNPC) Shanxi-Nairit Synthetic Rubber Ube Industries
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Synthetic Rubber Market Report Detail Overview 2023-2030:
Synthetic rubber is a type of man-made rubber, generally synthesized from by-products of petroleum. Synthetic rubber is basically a polymer or man-made polymer, usually derived from additional polymers of polyene monomers, which has the property of elastically stretching or deforming under stress, but also returning to its original dimensions without permanent deformation. In many cases, synthetic rubber can be used as a substitute for natural rubber, especially when improved material properties are required.
Synthetic Rubber Market Growth Driven by Rising Demand from Automotive Industry
Increasing demand for synthetic rubber in the automotive industry will drive market growth. The growth of the auto accessories and components industry is directly influenced by the expansion of the automotive industry. Properties such as abrasion resistance and temperature resistance make elastomers the preferred choice in the automotive industry for applications such as flat seals, adhesives and sealants, suspension systems, vehicle anti-vibration systems and fluid transfer systems, in addition, engine compartments Many parts inside, including engine seals and air conditioning system hoses, are made of high-quality synthetic rubber. Hence, the increasing global demand for automobiles is expected to stimulate the consumption of synthetic rubber products, which is mainly related to the application of rubber products in different bicycles and automobile manufacturing. The rapid development of the automotive industry coupled with increasing RandD activities is expected to further boost the synthetic rubber market.
Rising demand from footwear industry is expected to drive increased demand for synthetic rubber globally
The footwear business uses a wide range of materials to create footwear, from professional products such as protective and safety footwear to casual footwear. The excellent physical properties of synthetic rubber make it an ideal material for shoe soles. These properties include abrasion resistance, durability, tensile resistance, slip resistance, tear strength, oil resistance, and the ability to be made in a variety of colors.
Fluctuation in Raw Material Prices Restrains Synthetic Rubber Market Growth
One of the biggest problems facing synthetic rubber producers is volatile raw material prices. Since the synthetic rubber industry is highly competitive and prices can change significantly depending on the balance of supply and demand, prices can fluctuate significantly even if industry conditions remain stable. For synthetic rubber manufacturers, the cost and availability of raw materials play a crucial role in determining the pricing structure of their products. Since crude oil is the raw material for the manufacture of synthetic rubber, any increase in crude oil price will increase the manufacturing cost of synthetic rubber and reduce the profit margin of synthetic rubber producers, thereby restraining the development of the synthetic rubber market.
Hazardous substances generated during the production of synthetic rubber products limit its market development
Polybutadiene, styrene, acrylonitrile and polymerization catalysts are chemicals used in the production of synthetic rubber. For humans, overexposure can be fatal. In the production process, there have been cases of worker's death from leukemia caused by exposure to SBR. In addition, polybutadiene rubber (BR) exposure has adverse health effects and is considered carcinogenic when it comes into contact with the skin and can irritate the nose, throat and lungs. Overexposure to polybutadiene has negative effects on the central nervous system, causing symptoms such as dizziness, vertigo, fatigue and fainting.
During the vulcanization of synthetic rubber, soot of carbon particles is produced. This soot can cause a number of environmental problems, including smog and the acidification of lakes and rivers. Additionally, inhaling soot can lead to a host of serious health problems such as breathing problems, bronchitis, shortness of breath, stroke, asthma, cancer, heart disease and premature death. These factors are likely to limit the adoption of synthetic rubber products and hamper market growth.
In 2021, the shareof the Synthetic Rubber market in China stood at 35.91percent.
ARLANXEO is one of the major players operating in the Synthetic Rubber market, holding a share of 12.03percent in 2022.
ARLANXEO is one of the world's largest synthetic rubber producers and a wholly owned subsidiary of energy and chemical group Saudi Aramco. ARLANXEO develops, produces and sells high-performance rubbers for a wide range of applications: from the automotive and tire industries to the electrical, construction and oil and gas industries.
Established in 1970, Kumho Petrochemical is developing various businesses including synthetic resins, fine chemicals, nanocarbon, energy and construction materials, with a focus on the synthetic rubber business with the world's largest production capacity. Kumho Petrochemical, which has grown together as a partner in Korea's industrial development for more than 50 years, will now become a global petrochemical company developing and delivering the best value at the forefront of material innovation.
Sinopec Group was established in July 1998 on the basis of the former Sinopec Group.
Principal businesses of the Company include industrial investment and investment management; petroleum and natural gas exploration, production, storage and transportation (including pipeline transportation), sales and comprehensive utilization; coal production, sales, storage and transportation; oil refining; storage, transportation, wholesale and retail of oil products; production, sales, storage, transportation of petrochemical products, gas-based chemicals, coal chemical products and other chemical products; production, sales, storage and transportation of new energy products; battery charging and swapping business for new energy vehicles and other related services; design, consulting, construction and installation of petroleum and petrochemical engineering projects; overhaul and maintenance of petroleum and petrochemical equipment; RandD, manufacturing and sales of electrical and mechanical equipment; production and sale of electricity, steam, water and industrial gas; research, development, application and consulting services of technology, e-commerce, information and alternative energy products; importand export, including import and export agency business of self-support products and commodities and technologies; foreign project contracting, bidding and purchasing; international storage and logistics business.
Trinseo Completes Sale of Synthetic Rubber Business to Synthos S.A.
December 1, 2021
Trinseo (TSE), a global materials company and manufacturer of plastic and latex adhesives, announces the completion of the previously announced sale of its synthetic rubber business in Schkopau, Germany, to Synthos SA and its affiliates (collectively "Synthos") with an enterprise value of approximately USD491 million, including a cash purchase price of USD402.4 million, a pension liability assumed by Synthos of approximately USD41.6 million, and net working capital (excluding inventory) of USD47 million retained by Trinseo. In October, Trinseo and Synthos amended the original purchase agreement, reducing the cash purchase price from USD449.4 million to USD402.4 million in exchange for an equivalent amount of net working capital to be collected by Trinseo. After Trinseo receives net working capital, the expected net cash proceeds, after transaction-related costs and taxes, are approximately USD400 million.
The business includes approximately 440 employees, mostly located in Schkopau, Germany. The transaction also includes the transfer of associated manufacturing and research and development facilities in Schkopau, as well as associated intellectual property.
By type, Styrene Butadiene Rubber (SBR) segment accounted for the largest share of market in 2021.
Styrene Butadiene Rubber (SBR) is a synthetic rubber produced from a copolymer of styrene and butadiene. SBR has excellent wear resistance, crack resistance and generally better aging characteristics. But SBR swells and weakens with hydrocarbon oils and degrades over time with atmospheric oxygen and ozone. SBR is heavily used in car and truck tires, often as a wear-resistant substitute for natural rubber (produced from polyisoprene).
Nitrile Butadiene Rubber/Acrylonitrile Butadiene Rubber (NBR) is a synthetic rubber made of acrylonitrile (ACN) and butadiene. The physical and chemical properties of NBR vary with the nitrile component of the polymer, for example, the more nitrile component in the polymer, the higher the oil resistance, but the lower the flexibility of the material. NBR is the most widely used elastomer in the sealing industry today and is commonly used in the automotive and aerospace industries to make fuel and oil handling hoses, seals, grommets and self-sealing fuel tanks.
Ethylene-Propylenediene Rubber (EPDM) is a synthetic rubber composed of ethylene, propylene and diene monomers. Its molecular structure has a single-bond, chemically saturated backbone, which makes it extremely resistant to outdoor conditions, such as its weatherproofing ability outdoors. EPDM elastomers have excellent resistance to heat, ozone/weathering and aging. They also exhibit excellent electrical insulation, compression set, and low temperature performance. The largest market for EPDM is the automotive industry. Typical applications include radiator and heater hoses, window and door seals, and gaskets, accumulator bladders, wire and cable connectors and insulators, diaphragms and weatherstripping, and more.
Chloroprene Rubber (CR) is a synthetic rubber produced by emulsion polymerization of chloroprene. CR has excellent dynamic performance and good flame retardancy, and has moderate oil resistance, and is also resistant to ozone and weathering. The mechanical properties of CR are superior to most other synthetic rubbers. CR with a low to moderate tendency to crystallize is used in chemical engineering for technical rubber products where oil and fat resistance, flame resistance or weather and ozone resistance are required.
Polybutadiene rubber (BP) is a synthetic rubber polymerized from the monomer 1,3-butadiene. Polybutadiene rubber is not resistant to oils, gasoline and hydrocarbon solvents. They are also less heat resistant and are vulnerable to ozone attack due to the presence of double bonds in the polymer backbone that are prone to thermo-oxidative degradation. Degradation typically occurs through oxidative crosslinking and leads to embrittlement. Polybutadiene rubber has excellent abrasion resistance (good tread wear), low hysteresis loss, high elasticity and low rolling resistance. The main use of polybutadiene rubber is to make tires with treads and sidewalls, but also to make golf ball cores, various elastic objects, and to coat or encapsulate electronic components with high electrical resistivity.
There are many types of synthetic rubber, including acrylic rubber (ACM), butyl rubber (IIR), polysulfide rubber (PSR), and silicone rubber (SiR), among others. Acrylic rubber, for example, is a synthetic rubber that contains acrylonitrile. The chemical name for this rubber is alkyl acrylate copolymer. The outstanding properties of this rubber are resistance to hot oils and oxidation. Acrylic rubber is widely used in automotive transmissions and hoses.
The market's largest segment by application is the segment Tires, with a market shareof 51.36percentin 2021.
The primary functions of tires include supporting vehicle loads, transmitting traction and braking forces to the road, absorbing road shocks, and changing and maintaining direction of travel. Synthetic rubber elastomers deform under stress and return to their original shape (hysteresis) after the stress is removed. This property is very valuable for making high-grip tires. Synthetic rubber also has other special properties, notably in terms of service life and rolling resistance. Synthetic rubber is mainly used in passenger car and motorcycle tires because of its good grip properties.
Synthetic rubber has certain unique properties that make it suitable for the production of rubber products used in a wide variety of industrial applications. Synthetic rubber is waterproof, it is resistant to alkalis and weak acids. Synthetic rubber has elasticity, toughness, impermeability, adhesion and electrical resistance. These properties make synthetic rubbers useful in industrial goods as adhesives, coating compositions, fibers, molding compounds, and electrical insulators.
Most shoes in the footwear industry are made with rubber soles or plastic soles. The sole is an important part of the shoe and is in direct contact with the ground. So it is also called the outsole. It is made of different materials like leather, rubber, plastic and PVC compounds and many more. Synthetic rubber is widely used in the footwear industry, especially in the manufacture of safety shoes, due to its flexibility and easy folding and cutting properties.
Synthetic rubber is used not only in tires, industrial products and footwear, but also in construction and healthcare. For example, the construction industry uses synthetic rubber in elevator belts, hoses, pipes, and seismic and the healthcare industry uses synthetic rubber to make surgical gloves, contraceptives, and urinary catheters.
The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Synthetic Rubber market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
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Synthetic Rubber Market Based on Type
Styrene Butadiene Rubber (SBR) Nitrile Butadiene Rubber/Acrylonitrile Butadiene Rubber (NBR) Ethylene-Propylenediene Rubber (EPDM) Chloroprene Rubber (CR) Polybutadiene Rubber (BR) Others
Synthetic Rubber Market Based on Applications
Tires Industrial Goods Footwear Other
Benefits and Barriers of Synthetic Rubber Market: -
The report highlights both the opportunities and challenges that market players may encounter. It provides insights that can aid in making strategic decisions and their execution. The report identifies factors that may lead to profit growth and success, as well as obstacles that may impede or endanger their development.
COVID-19 AND RUSSIA-UKRAINE WAR INFLUENCE ANALYSIS:
COVID-19 can have an impact on the world economy have been by directly altering market dynamics, by breaking the market supply chain, and by having an economic impact on businesses and financial markets. According to our researchers, who are keeping an eye on the situation around the world, the market will create profitable opportunities for producers after the COVID-19 crisis. The purpose of the report is to further illustrate how the current situation decline in the economy, and COVID-19's effects on the entire industry.
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Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada) Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden) Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia) Latin America (Brazil, Mexico, Argentina) Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa)
Roadmap of Synthetic Rubber Market Chapters: -
-Chapter 1 starts the Synthetic Rubber Market report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.
-Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.
-Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.
-Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.
-Chapter 5 segments the Synthetic Rubber Market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.
-Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.
-Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.
-Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.
-Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.
-Chapter 14 Synthetic Rubber Market forecasts the future trend of the market not only as a whole but also from the perspective of all segments.
Years considered for this report: -
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2029
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Detailed TOC of the Synthetic Rubber market:
1 Synthetic Rubber Market Overview
1.1 Product Overview and Scope of Synthetic Rubber market
1.2 Synthetic Rubber market Segment by Type
1.3 Global Synthetic Rubber Market Segment by Application
1.4 Global Synthetic Rubber Market, Region Wise (2017-2029)
1.5 Global Market Size (Revenue) of Synthetic Rubber (2017-2029)
1.6 Influence of Regional Conflicts on the Synthetic Rubber Industry
1.7 Impact of Carbon Neutrality on the Synthetic Rubber Industry
2 Synthetic Rubber market Upstream and Downstream Analysis
2.1 Synthetic Rubber market Industrial Chain Analysis
2.2 Key Raw Materials Suppliers and Price Analysis
2.3 Key Raw Materials Supply and Demand Analysis
2.4 Market Concentration Rate of Raw Materials
2.5 Manufacturing Process Analysis
2.6 Manufacturing Cost Structure Analysis
2.7 Major Downstream Buyers of Synthetic Rubber Analysis
2.8 Impact of COVID-19 on the Industry Upstream and Downstream
3 Players Profiles
4 Global Synthetic Rubber Market Landscape by Player
4.1 Global Synthetic Rubber Sales and Share by Player (2017-2022)
4.2 Global Synthetic Rubber Revenue and Market Share by Player (2017-2022)
4.3 Global Synthetic Rubber Average Price by Player (2017-2022)
4.4 Global Synthetic Rubber Gross Margin by Player (2017-2022)
4.5 Synthetic Rubber Market Competitive Situation and Trends
5 Global Synthetic Rubber Sales, Revenue, Price Trend by Type
5.1 Global Synthetic Rubber Sales and Market Share by Type (2017-2022)
5.2 Global Synthetic Rubber Revenue and Market Share by Type (2017-2022)
5.3 Global Synthetic Rubber Price by Type (2017-2022)
5.4 Global Synthetic Rubber Sales, Revenue and Growth Rate by Type (2017-2022)
6 Global Synthetic Rubber Market Analysis by Application
6.1 Global Synthetic Rubber Consumption and Market Share by Application (2017-2022)
6.2 Global Synthetic Rubber Consumption Revenue and Market Share by Application (2017-2022)
6.3 Global Synthetic Rubber Consumption and Growth Rate by Application (2017-2022)
7 Global Synthetic Rubber Sales and Revenue Region Wise (2018-2023)
7.1 Global Synthetic Rubber Sales and Market Share, Region Wise (2017-2022)
7.2 Global Synthetic Rubber Revenue and Market Share, Region Wise (2017-2022)
7.3 Global Synthetic Rubber Sales, Revenue, Price and Gross Margin (2017-2022)
7.4 United States Synthetic Rubber Sales, Revenue, Price and Gross Margin (2017-2022)
7.5 Europe Synthetic Rubber Sales, Revenue, Price and Gross Margin (2017-2022)
7.6 China Synthetic Rubber Sales, Revenue, Price and Gross Margin (2017-2022)
7.7 Japan Synthetic Rubber Sales, Revenue, Price and Gross Margin (2017-2022)
7.8 India Synthetic Rubber Sales, Revenue, Price and Gross Margin (2017-2022)
7.9 Southeast Asia Synthetic Rubber Sales, Revenue, Price and Gross Margin (2017-2022)
7.10 Latin America Synthetic Rubber Sales, Revenue, Price and Gross Margin (2017-2022)
7.11 Middle East and Africa Synthetic Rubber Sales, Revenue, Price and Gross Margin (2017-2022)
8 Global Synthetic Rubber Market Forecast (2022-2029)
8.1 Global Synthetic Rubber Sales, Revenue Forecast (2022-2029)
8.2 Global Synthetic Rubber Sales and Revenue Forecast, Region Wise (2022-2029)
8.3 Global Synthetic Rubber Sales, Revenue and Price Forecast by Type (2022-2029)
8.4 Global Synthetic Rubber Consumption Forecast by Application (2022-2029)
8.5 Synthetic Rubber Market Forecast Under COVID-19
9 Industry Outlook
9.1 Synthetic Rubber Market Drivers Analysis
9.2 Synthetic Rubber Market Restraints and Challenges
9.3 Synthetic Rubber Market Opportunities Analysis
9.4 Emerging Market Trends
9.5 Synthetic Rubber Industry Technology Status and Trends
9.6 News of Product Release
9.7 Consumer Preference Analysis
9.8 Synthetic Rubber Industry Development Trends under COVID-19 Outbreak
10 Research Findings and Conclusion
11 Appendix
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