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 .
Browse Press Release : http :// www . transparencymarketresearch . com / pressrelease / polypropylene-randomcopolymer-market-size . htm
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
Transparency Market Research
3