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.
Request for discount: https://www.thebusinessresearchcompany.com/sample.aspx?id=208&type=discount
Companies
included in the report are DOW, Owens Corning, KUMHO Petrochemical, Teijin,
Ltd., and TSRC Corporation.
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