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Synthetic Rubber Industry Synthetic Rubber is classified as elastic polymer from which rubber is obtained and manufactured on the basis of petrochemical raw material. It is mostly used with natural rubbers as a single polymer or in mixture and is majorly produced synthetically by polymerization. It is predominantly used as the main constituent of the tires used on automobiles, airplanes, and bicycles. It finds a wide application scope in numerous end use industries such as footwear, industrial, construction, automotive & transportation, and others. Some of the important factors that positively influence the growth of the Synthetic Rubber Market are increasing per capita disposable income, rising demand for lightweight footwear, and growing construction industry. Rapid urbanization combined with rising per capita disposable income in various countries across the globe is estimated to drive the growth of the market during the forecast period. Moreover, rising demand for durable as we...

Synthetic Rubber Industry The global market for synthetic rubber is on track to register healthy growth during the forecast period of 2022 to 2030. Market Research Future (MRFR) studied various factors to understand how well the market will evolve in the coming years. For instance, the global market will benefit from the contributions made by sectors like automotive & transportation, industrial, footwear, and others. However, the global market for synthetic rubber may find it difficult to maintain the growth rate during the COVID-19 attack. The pandemic has substantially impacted the global manufacturing sector. Segmentation: The global market for synthetic rubber has been studied by market analysts on the basis of a segmentation that includes the type and end use industry. These segments have insights that can impact the market outcome as they have been fetched from a data pool by experts. Backing from figures and charts make the data more reliable. By type, the global market for ...