Global Synthetic Rubber And Fibers Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Synthetic Rubber And Fibers Market Report by The Business Research Company covers synthetic rubber and fibers market drivers and restraints, synthetic rubber and fibers market size, major players, and the impact of COVID-19 on the synthetic rubber and fibers market.
The synthetic rubber and fibers market consists of the sales of synthetic rubber and fibers by entities (organizations, sole traders or partnerships) that produce synthetic rubber which is an artificial elastomer which is produced via the polymerization of a variety of petroleum-based monomers. The synthetic rubber and fibers market is segmented into fibers, styrene butadiene rubber (SBR), polybutadiene (BR), ethylene propylene (EPDM) and other synthetic rubber and fibers.
Technology is expected to be a continued driver of market growth during this period. Industries that involve technology, such as this one, benefited from this trend during this period.
The global synthetic rubber and fibers market is expected to grow from $196.44 billion in 2020 to $237.78 billion in 2021 at a compound annual growth rate (CAGR) of 21%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $262.05 billion in 2025 at a CAGR of 2%.
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Some synthetic rubber and fibers market trends include many manufacturers starting to use more synthetic than natural rubber because falling crude oil prices led to lower prices. Synthetic rubber prices dropped 15% in Europe and 5% in the USA in the second quarter of compared to a year earlier. Synthetic rubber supply was consistent and more affordable than natural rubber during the studied period. According to estimates, European manufacturers now use 60% synthetic rubber and 40% natural rubber for manufacturing products associated with rubber. For instance, according to the report by rubberworld, the global synthetic rubber market is expected to reach 21.2 million metric tons by 2024.
Global synthetic rubber and fibers market segments include:
1) By Type: Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber And Fibers.
2) By Application: Non-Tire Automotive, Footwear, Tire, Construction, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Synthetic Rubber And Fibers Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides synthetic rubber and fibers market overviews, analyzes and forecasts market size, share, synthetic rubber and fibers market players, synthetic rubber and fibers market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The synthetic rubber and fibers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Synthetic Rubber And Fibers Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: DOW, Owens Corning, KUMHO Petrochemical, Teijin, TSRC Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Synthetic Rubber And Fibers Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Synthetic Rubber And Fibers Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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