Artificial rubber is also known as synthetic rubber, it is an artificial elastomer synthesized from petroleum by-products by usingthe crudeoil as raw material. It bears mechanical properties such as high tear resistance, low temperature flexibility, high tensile strength, chemical resistance, fluid resistance, ozone resistance, and electrical resistance. Artificial rubber is manufactured by polymerization of isoprene, butadiene, or similar unsaturated hydrocarbons or by copolymerization of similar hydrocarbons with styrene, acrylonitrile, or other polymerizable compounds. It is mainly used to manufacture tires. Due to
properties such as low temperature flexibility, gas-permeability, and oil resistance, it is widely used in the production of tire inner tubes.
Increase in demand for artificial rubber in tire manufacturing owing to its useful properties such as control, grip, wet traction, puncture resistance, and direction stability is expected to fuel the market demand. For instance, synthetic rubber offers high temperature resistance in airplane tiresto sustain the heat created during landing.In addition, rapid usage of artificial rubber in shoe soles, conveyer belts, and carpets fuels the market growth over the projected timeframe. However, production of soot during the manufacturing of artificial rubber causes environmental issues such as climate change. Further, volatilityissues of the petroleum products used in artificial rubber are expected to hamper the market growth. Nonetheless, development of bio-based feedstock in manufacturing synthetic rubber is anticipated to make way for growth opportunities in the upcoming period.
The global artificial rubber market is segmented by type, application, enduser, and region. By type, the market is divided into styrenic block copolymer (SBC), styrene-butadiene rubber (SBR), polybutadiene rubber (PBR), butyl rubber, ethylene propylene diene monomer, and others.Styrene-butadiene rubber is widely used artificial rubber in the production of tires in the automotive segment.Application segment is fragmented intotire, carpet, conveyer belts, shoe sole, gaskets, and others.The end user segment is classified into automotive, construction, electrical, aviation,and others. Artificial rubber offers electrical insulation making its usage suitable in the electrical segment.The artificial rubber market is analyzed acrossNorth America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
Some of the key players working in the global artificial rubber market include Lanxess, Sinopec, China National Petroleum Corporation, Sibur International GmbH, Kumho Petrochemical, Lion Elastomers, JSR Corporation, Asahi Kasei Chemical Corporation, Trinseo, Eastman Chemical Corporation,and Others.
Key Benefits for Stakeholders:
The global artificial rubber market size has been analyzed across four major regions.
Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of global artificial rubber market for strategy building.
The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets.
Major countries in each region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, opportunities &global artificial rubber market trends along with their detailed impact analysis are elucidated in the study.
The global artificial rubber market analysis covers in-depth information of the major industry participants.
Artificial Rubber Market Report Highlights
By End User
Key Market Players
Trinseo, Asahi Kasei Chemical Corporation, Kumho Petrochemical, JSR Corporation, China National Petroleum Corporation, Eastman Chemical Corporation, Lanxess, Sinopec, Sibur International GmbH, Lion Elastomers