Many manufacturers have started to use more synthetic than natural
rubber because falling crude oil prices led to lower prices. Synthetic rubber
prices dropped 15% in Europe and 5% in the USA in the second quarter as compared to a year earlier. Synthetic rubber
supply was consistent and more affordable than natural rubber during the
studied period. According to estimates, European manufacturers now use 60%
synthetic rubber and 40% natural rubber for manufacturing products associated
with rubber.
THE BUSINESS RESEARCH COMPANY EXPECTS
THE SYNTHETIC RUBBER AND FIBERS MARKET TO GROW TO $110 BILLION BY 2021
Asia
Pacific was the largest region in the synthetic rubber and fibers market in 2017, accounting for around
half of the market share. This was mainly due to the large population living in
that region, with increasing purchasing power and demand.
Read
report: https://www.thebusinessresearchcompany.com/report/synthetic-rubber-and-fibers-global-market-report-2018
According to The Business Research Company’s Consultant, Nitin
Gianchandani, increased demand for lightweight and fuel-efficient materials or
advanced composite materials is increasing the need for synthetic fibers. Synthetic fibers 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 speciality
synthetic fibers. Marine, medical,
sporting goods, pressure vessel, and reinforcement materials industries are the
significant applications for the specialty
synthetic fiber market and growth in
these markets is driving the fibers market.
Dow Chemical Company was the largest player in the synthetic
rubber and fibers market with revenues of $18.4 billion in 2016. Dow’s strategy
includes investment in a market-driven portfolio of advantaged and
technology-enabled businesses that create value for its shareholders and
customers, a combination of low-cost and value-added products to enable
superior value creation throughout the cycle, integrated manufacturing
positions in chemicals, plastics, key materials and agriculture, low costs in
all product and asset positions, leveraging integrated sites, presence in all growing
geographic markets.
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 and Fibers Market
Report 2018 is a detailed report giving a unique insight into this market.
The report is priced at $4000 for an individual user. To use across your
office, the price is $6000 and $8000 if you wish to use across a multinational
company.
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The Business Research Company
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The Business Research Company is a
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consumer research.
It has research professionals at its
offices in the UK, India and the US as well a network of trained researchers globally.
It has specialist consultants in a wide range of industries including
manufacturing, healthcare, chemicals and technology.
The Business Research Company's management has more than 20 years
of varied business research experience. They have delivered hundreds of
research projects to the senior management of some of the world's largest
organizations.
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