Market Research Reports

The synthetic rubber market is projected to witness a healthy growth across the globe. As synthetic rubbers are considered as a substitute for natural rubber, owing to which the application areas are estimated to rise throughout the forecast period. In addition, the insatiable prices of natural rubber is another major factor encouraging consumers to shift from natural rubber to synthetic rubber across the globe. In addition, the introduction of the bio-based feedstock is predicted to act as a key opportunity for the key players operating in the global synthetic rubber market in the forecast period. According to the research study, in 2014, the global synthetic rubber market was worth US$29,121.2 mn and is expected to reach a value of US$45,767.1 mn by the end of 2023. The market is anticipated to register a healthy 5.10% CAGR between 2015 and 2023. Browse Market Research Report @   http://www.transparencymarketresearch.com/synthetic-rubber-market.html Booming Constructi...

Transparency   Market Research has released a new market report titled “ Synthetic Rubber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023 .” According to the report, the global synthetic rubber market  was valued at US$ 29,121.2 Mn in 2014 and is anticipated to reach US$ 45,767.1 Mn by 2023, expanding at a CAGR of 5.1% from 2015 to 2023.    Synthetic rubbers are principally considered as an alternative to natural rubber. Strong emergence of synthetic rubbers in the global rubber market can be chiefly attributed to several interconnected factors. One of the major factors that compelled rubber consumers to shift from natural rubber to synthetic rubber is extremely instable prices of natural rubber. Prevalence of price volatility in the natural rubber market is primarily caused by issues such as inconsistent supply due to fluctuations in raw material obtainability, geographic constraints on rubber plantations, long...