Synthetic Rubber Market

MARKET DATA FORECAST
synthetic Rubber market
By Type (SBR, BR, SBC, EPDM, IIR, NBR), Application (Tyre Automotive, Non-Tyre
Automotive, Footwear, Industrial And Others)
Team MDF
9/19/2019
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Synthetic Rubber Market Overview:
Synthetic Rubber market size was around USD 30.5 billion by revenue, at the end of 2018.
It is estimated to grow at CAGR of 5.53 % to reach USD 39.92 billion by 2023.
main contribution to the global market is due to the pre-existing industries in leading
regions like the Asia Pacific, which emerged due to the high demand for synthetic rubber.
Trinseo, a leading manufacturing company, has taken cost-cutting measures to withstand
the probable fall in the tire industry. These measures include the reduction of synthetic
rubber production. Sumitomo Rubber Industries, an automotive company, based in Japan,
has proclaimed the groundbreaking results of the joint research project with Leibniz
Institute of Polymer research. The research has shed light on the mechanism that causes
microscopic voids in rubber.
Market Drivers and Restraints:
The increase in the call from the automotive industry for tires which provide smoother,
faster, fuel productive rides and have long durability is a crucial driver to the global
Synthetic Rubber Market. The continuous demand from the military for tough tires has
always driven the global market towards profits. Nevertheless, the global market and its
key players are concentrated in the Asia Pacific region which makes it less likely for market
expansion to regions like the Middle East & Africa and South America.
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1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Nitrile-butadiene Rubber (NBR)
5.1.3 Styrene-Butadiene Rubber (SBR)
5.1.4 Ethylene-Propylene-Diene-Monomer Rubber (EPDM)
5.1.5 Styrenic block copolymer Rubber (SBC)
5.1.6 Isobutylene-Isoprene Rubber (IIR)
5.1.7 Y-o-Y Growth Analysis, By Type
5.1.8 Market Attractiveness Analysis, By Type
5.1.9 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Tyre Automotive
5.2.3 Non-Tyre Automotive
5.2.4 Footwear
5.2.5 Industrial
5.2.6 Others
5.2.7 Y-o-Y Growth Analysis, By Application
5.2.8 Market Attractiveness Analysis, By Application
5.2.9 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 LANXESS AG (Germany)
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Asahi Kasei Chemicals Corp. (Japan)
8.3 Sinopec Qilu Petrochemical Co. Ltd. (China)
8.4 Dynasol Elastomers (Mexico),
8.5 Goodyear Tire and Rubber Company (US)
8.6 ARLANXEO (Netherlands)
8.7 Chongqing Changshou Chemical Co., Ltd. (China)
8.8 Shanxi Synthetic Rubber Group Co., Ltd. (China)
8.9 Kumho Group (South Korea)
8.10 Denka Co., Ltd. (Japan)
8.11 TSRC Corporation (Taiwan)
8.12 ExxonMobil Chemical Company (USA)
8.13 Other
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
Geographical Analysis:
Geographically, the Global Synthetic Rubber market is segregated into Latin America,
Europe, Asia Pacific, Middle-East & Africa, and North America. Asia Pacific had the biggest
global market share in the year 2018 and is anticipated to be the quickest-developing
market in the forecast period, due to its high CAGR, increasing demand for developing
industries and scope of future opportunities, majorly in developing countries like Japan,
India, and China. The market value of Europe and North America are far from that of Asia
Pacific. The regional advantages offer in the Asia Pacific like low-cost labor, ease of
resource availability, makes the market concentrated in that region making North America
and Europe slow-developing regions. The Middle East & Africa and Latin America regions,
being in the low developing countries due to the contribution of low GDP countries, have
lesser chances for industry development. Therefore, the Synthetic Rubber market in these
regions is slow developing in nature.
Important Market Players:
The leading shareholders of the Global Synthetic Rubber Market by the end of 2018 are
LANXESS AG(Germany), Asahi Kasei Chemicals Corp.(Japan), Sinopec Qilu Petrochemical
Co. Ltd.(China), Dynasol Elastomers(Mexico), Goodyear Tire and Rubber Company(US),
ARLANXEO(Netherlands), Chongqing Changshou Chemical Co., Ltd.(China), Shanxi
Synthetic Rubber Group Co., Ltd.(China), Kumho Group(South Korea), Denka Co.,
Ltd.(Japan), TSRC Corporation(Taiwan), ExxonMobil Chemical Company(USA),
Nizhnekamskneftekhim(Russia), Lion Elastomers(USA), JSR Corporation(Japan), SIBUR
Holding JSC(Russia), LG Chem Ltd.(South Korea), VersalisS.p.A.(Italy), Firestone Polymers
LLC(USA), ZEON Corporation(Japan), Showa Denko K.K(Japan), UBE Industries Ltd.(Japan),
Zeon Chemicals LP(USA), Sumitomo Chemical Company Ltd(Japan), Dow Chemical
Company(USA) and Tosho Corporation(Japan).
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Synthetic Rubber Market By Type (SBR, BR, SBC, EPDM, IIR, NBR), Application (Tyre Automotive, Non-Tyre Automotive, Footwear, Industrial And Others)

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