Increase In Automobile Sales Will Boost The Global Synthetic Rubber And Fibers M

Posted by sainath on September 28th, 2018

The synthetic rubber manufacturing industry comprise establishments that primarily manufacture synthetic rubber, which is a polymer either produced from natural sources such as natural rubber or synthesized on an industrial scale. Synthetic rubber is an artificial elastomer which is produced via the polymerization of a variety of petroleum-based monomers. The fiber manufacturing industry is comprised of establishments which primarily manufacture and texturize cellulosic and non-cellulosic fibers.

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The global synthetic rubber manufacturing market has shown slow growth in the past years with a CAGR of just over 1%. The year 2017 recorded highest ever growth in this market as per TBRC’s inhouse consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the synthetic rubber manufacturing market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

Sample report:

High demand for automobiles in major developed and developing countries is a major driver of the synthetic rubber industry. For instance, in the US about 17.5 million cars and trucks were sold in 2015. A major portion of the synthetic rubber produced goes into the manufacturing of automobile tires. According to a report by the University of Central Arkansas, about two thirds of all rubber goes to the production of tires.

TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.

Companies included in the report are DOW, Owens Corning, KUMHO Petrochemical, Teijin, Ltd., and TSRC Corporation.

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