Booming Footwear Industry to Propels Growth of Synthetic Rubber Market
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.