Chemical Market Trends

Synthetic Rubber Market is estimated to be USD 28.88 Billion in 2017 and is projected to reach USD 37.82 Billion by 2022, registering a CAGR of 5.5% between 2017 and 2022. Rising use of synthetic rubbers in the tire and non-tire automotive applications, growing trend of using synthetic rubbers in automotive to reduce the weight of vehicles for fuel efficiency, and increasing demand from Asia Pacific are the major factors expected to drive the global synthetic rubber market. Download PDF :  https://www.marketsandmarkets.com/pdfdownload.asp?id=761 Tire - Fastest-growing application segment The consumption of synthetic rubber in the tire application is growing due to the rising demand for automobiles in developing countries. The exponential growth of the automotive industry in China has supported the growth of the country’s tire industry. The rapidly growing automotive and transportation industries in countries like China and India are expected to propel the growth of the

Synthetic Rubber is a common material found in shoes and boots. The sole of footwear is more than likely the place where synthetic rubber find application. Synthetic rubber is a polymer with a wide range of applications, some of which natural rubber cannot match, it's other benefit is that it costs less to produce than natural rubber. While natural rubber comes from a tree, synthetic rubber is produced from a range of chemical processes. When it comes to shoes, the difference is between the two is both rubbers can be vulcanized to increase durability, the biggest difference is the cost of production  and a wide variety of options to meet the increasing demand  therefore, cheaper footwear brands tend to use synthetic rubber. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownload.asp?id=761   Synthetic Rubber Market is estimated to be USD 28.88 Billion in 2017 and is projected to reach USD 37.82 Billion by 2022, at a CAGR of 5.5% between 2017 and 2022.