The Business Research Company’s Synthetic
Rubber And Fibers global market report, covers the year-on-year growth of the global
Synthetic Rubber And Fibers market historic and forecast growth. It also includes
chapters on the Synthetic Rubber And Fibers market trends, geographical
analysis, and competitive landscape.
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The Report At:
The global synthetic rubber and fibres market
size is expected to reach $110 billion by 2022, significantly growing at a CAGR
of around 4% during the forecast period.
Synthetic
Rubber And Fibers Market Trends
The
synthetic rubber and fibres manufacturing market consists of the sales of
synthetic rubber 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.
Increased
demand for lightweight and fuel-efficient materials or advanced composite
materials is increasing the need for synthetic fibres. Synthetic fibres made
from polymer aromatic polyamide are mainly of two types, para aramid and meta
aramid. Aramids, UHME polyethylene, and POA are the major types of specialty
synthetic fibres. Marine, medical, sporting goods, pressure vessel, and
reinforcement materials industries are the significant applications for the
specialty synthetic fibre market and growth in these markets is driving the
fibres market.
The global Synthetic Rubber And
Fibers market
is primarily driven by rise in disposable income, growing population, increased
global economic activity, increase in economic growth and technological
development.
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The global Synthetic Rubber And
Fibers market
report covers the following regions under the geographical analysis section:
Asia Pacific, Western Europe, North America, Middle East, Africa, South
America, and Eastern Europe. Major countries under each of these regions are
also covered under the country analysis chapters.
With greater stability in the oil and gas
industry and high consumption of refined petroleum, the global Synthetic Rubber
And Fibers market is expected to increase in potential and scope. TBRC’s report
also covers the Synthetic Rubber And Fibers drivers and restraints in the
market.
The global Synthetic Rubber And
Fibers market’s
segment shares in each geographic region are mentioned in the report, along
with the historic and forecast growth rates for each segment presented visually
with supporting reasons to justify the growth rates.
The top companies included in the global Synthetic
Rubber And Fibers market report are DOW, Owens Corning, KUMHO Petrochemical,
Teijin, TSRC Corporation.
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