Synthetic Rubber Market
forecast period. The flourishing automotive industry in the region is one of the leading end-use industries for synthetic rubber. Moreover, economic growth in China, India, and ASEAN region leading to substantial rise in consumption of synthetic rubber is also anticipated to pump up the growth of this market in the near future. With the increasing popularity of green tires, the synthetic rubber market in Asia Pacific is expected to receive further boost.
The Middle East and Africa regional market is expected to display moderate growth over the forecast period. The rapid growth of the construction industry in the region has been indirectly benefitting the synthetic rubber market. North America is expected to exhibit steady growth post recovery from the economic slowdown of 2007. Moreover, significant growth in the automotive and construction sectors are expected to contribute to the growth of North America synthetic rubber market.
Increasing Vehicle Production Spurs Demand
The increasing demand for synthetic rubber from the automotive industry is the major factor boosting the growth of synthetic rubber market. The increasing number of cars and commercial vehicles across the world is anticipated to accelerate the market’ s growth over the forecast period. However, substitution of synthetic rubber with natural rubber is expected to challenge the market’ s growth.
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TABLE OF
Chapter 1 Preface 1.1 Report Description 1.2 Market Segmentation
1.2.1 Global Synthetic Rubber Market Segmentation by Product, End-user, and Region 1.3 Research Scope
1.3.1 Assumptions 1.4 Research Methodology
Chapter 2 Executive Summary 2.1 Global Synthetic Rubber Market, 2011 – 2023( Kilo Tons)( US $ Mn)
Chapter 3 Global Synthetic Rubber Market – Industry Analysis 3.1 Introduction 3.2 Value Chain Analysis 3.3 Market Drivers
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