Natural rubber is used to manufacture various products such as erasers, electrical insulation, and elastic bands. Synthetic rubber is also an elastic material that is manufactured by the fractional distillation of naphtha, a crude oil derivative. Synthetic rubber is of diverse types such as acrylic rubber (ACM), butadiene rubber (BR), chlorosulfonated polyethylene (CSM)/Hypalon, ethylene propylene diene monomer (EPDM), fluoroelastomers (FKM)/Viton, nitrile rubber (NBR), perfluoroelastomer (FFKM), isoprene rubber (IR), polychloroprene (CR)/neoprene, polysulfide rubber (PSR), silicone rubber (SiR), and styrene-butadiene rubber (SBR).
Technavio’s analysts forecast the global rubber market to grow at a CAGR of 4.66% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global rubber market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Rubber Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Bridgestone • ExxonMobil • MICHELIN • Sri Trang Agro-Industry • The Dow Chemical Company
Other prominent vendors • Advanced Multitech • Ansell • Asahi Kasei Advance Corporation • China National Petroleum Corporation • LANXESS • LG Chem • Nishikawa Rubber • THAI RUBBER CORPORATION (THAILAND) • Tianjin Lugang Petroleum Rubber • Trinseo • Versalis
Market driver • Growing demand for rubber in APAC • For a full, detailed list, view our report
Market challenge • Fluctuating raw material prices for synthetic rubber • For a full, detailed list, view our report
Market trend • Bio-based tires helping market growth • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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