China Synthetic Rubber Market Trends, Size, Competitive Analysis and Forecast -Posted by Avinash on February 27th, 2020 China synthetic rubber market is expected to show significant market growth during the forecast period. China is one of the largest producers and exporter for synthetic rubber all across the globe. China synthetic rubber market is driven by the automobile sector of the country and the exports to foreign countries. The country is the largest manufacturer of automobiles globally. The synthetic rubber market is mainly driven by the stable development of the automobile and tire industries. As per the International Organization of Motor Vehicle Manufacturers, around 27.8 million vehicles were manufactured in the country in 2018. Moreover, the country is among the largest two-wheeler market all across the globe. Request a Free Sample of our Report on China Synthetic Rubber Market: https://www.omrglobal.com/request-sample/china-synthetic-rubber-market Moreover, significant market growth in the medical application can be witnessed in the country. Increasing insurance coverage, rising number of health workers, improvements in living standards, more stringent infection controls and an increase in the number of aged people are some of the major factors for the growth of the medical industry, which indirectly augmenting the synthetic rubber products in the country. Vinyl gloves account for more than 70% of the total consumption of medical gloves followed by latex medical gloves and nitrile. A full Report of China Synthetic Rubber Market is Available at: https://www.omrglobal.com/industry-reports/china-synthetic-rubber-market New companies entering the synthetic rubber industry are focusing on medium and low-end styrene-butadiene rubber and cis-polybutadiene rubber (BR) products. With the release of new capacity, China observes critical structural overcapacity of synthetic rubber. In the next few years, China's de-capacity trend will be more apparent, and the new capacity will center on SBS and environment-friendly rubber will be foreseen. The market has been segmented on the basis of type and end-user. By type, the market is further segmented into Styrene Butadiene Rubber, Polybutadiene Rubber, Ethylene Propylene Rubber, Isoprene Rubber, and others. By end-user, the market is divided into automobile components, industrial application, footwear, household, and others. The companies which are contributing significantly in the market include ARLANXEO Holding B.V., Asahi Kasei Corp., Bridgestone Corp., China Sinopec, Exxon Mobil Corp., JSR Corp., LCY Chemical Corp., LG Chem, Ltd., SABIC, and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market. Market Segmentation China Synthetic Rubber Market by Type Styrene-Butadiene Rubber (SBR) Polybutadiene Rubber (BR) Ethylene Propylene Rubber (EPDM) Isoprene Rubber (IR) Others (Nitrile Butadiene Rubber (NBR), Butyl Rubber (IIR), Chloroprene Rubber (CR)) China Synthetic Rubber Market by End-User Automobile Component Industrial Application Footwear Household Others (Electronics, Aerospace) Company Profiles ARLANXEO Holding B.V. Asahi Kasei Corp. Bridgestone Corp. China Sinopec Denka Company Ltd. Exxon Mobil Corp. JSR Corp. Kuraray Co., Ltd. LCY Chemical Corp. LG Chem, Ltd. SABIC The Dow Chemical Co. The Goodyear Tire & Rubber Co. The Michelin Group Tosoh Corp. About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact: Like it? Share it! More by this author |