Market Research Reports Global Synthetic Rubber Market 2019

Synthetic Rubber Market is Poised to
Exhibit A Moderate 5.0% CAGR by
2023
This report provides in-depth study of “Global Synthetic Rubber
Market” using SWOT analysis i.e. Strength, Weakness,
Opportunities, and Threat to the organization. The Global Synthetic
Rubber Market report also provides an in-depth survey of key
players in the market organization.
Global Synthetic Rubber Market Overview:
The Global Synthetic Rubber Market industry esteemed around USD 27.5 Billion in 2016 is foreseen
to develop with a growth development
rate of over 5.0% over the estimated
time frame 2019-2025.
According to the marker report analysis,
the significant factors and trends
identified in the Global Synthetic Rubber
Market include rapid urbanization,
growing demand for durable rubber, and
continuous growth of automotive &
transportation sector. Rising population
along with the increasing per capita
disposable income is estimated to drive
the growth of the market during the
assessment period (2016 to 2025).
Growing middle class population combined with constant industrialization has resulted in the
expansion of footwear sector, which in turn, is expected to propel the growth of the
market.
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The Global Synthetic Rubber Market is segmented on the basis of Product Type, Application and
Region. Based on the Product Type, the Global Synthetic Rubber Market is sub-segmented into
Styrene Butadiene Rubber, Polybutadiene Rubber, Styrenic Block Copolymer, Butyl Rubber and
Nitrile Butadiene Rubber. On the basis of Application, the Global Synthetic Rubber Market is
classified into Tire, Non-Tire, Automotive, Footwear, Industrial and others.
In terms of the geographic analysis, the Global Synthetic Rubber Market is dominated by Asia-Pacific
region, which is anticipated to contribute more than 40% revenue share in the total market. India is