As per MRFR Analysis, some of the prominent market factors and trends identified in the Global Synthetic Rubber
Market include rapid urbanization, growing demand for durable rubber, and continuous growth of automotive & transportation sector.
In 2018, China boasted a total synthetic rubber
capacity of roughly 6,667 kilotons per year, including 130 kilotons per year of new effective capacity.
In addition, Kumho will produce more major synthetic rubber
products and enhance partnerships with global tiremakers.
The majority of tyre manufacturing facilities are located on the Eastern coast of the country, on account of which the region accounts for a lion's share in the country's synthetic rubber
The world's largest producer of synthetic rubber
and the world's largest oil and energy producer entered the strategic alliance each holding a 50 percent interest, with Saudi Aramco paying approximately EUR 1.2 billion in cash for its share.
IndianOil Corporation Limited, TSRC Corporation, Taiwan and Marubeni Corporation, Japan are in a joint venture in this project implemented under the banner of Indian Synthetic Rubber
Ltd ( ISRL).
The synthetic rubber
easily replaces the aluminum end rings that are currently found on most anilox sleeves.
Asia's weakened demand for synthetic rubbers
, commonly used in tire production, is expected to recover following this year's drop in car production.
An industry insider says prices of butadiene, the major raw material for synthetic rubber
, is experiencing unprecedented volatility, leading to rising prices of natural and synthetic rubber
Modern radial tyres rely on high-performance synthetic rubber
to achieve their superior qualities.
The increased demand for both synthetic fuel and the synthetic rubber
known as Buna that I.G.
The plant will be operated by Bridgestone (Huizhou) Synthetic Rubber
Co., Ltd., established in December 2005.