Harrisburg, NC -- (SBWIRE) -- 10/20/2020 -- Synthetic Rubber And Fibers Global Market Report 2020-30: Covid 19 Impact and Recovery

The synthetic rubber 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 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 specialty 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.

The global synthetic rubber and fibers market is expected to decline from $260.8 billion in 2019 to $245.5 billion in 2020 at a compound annual growth rate (CAGR) of -5.9%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of % from 2021 and reach $242.2 billion in 2023.

Top Leading Companies mentioned are

DOW; Owens Corning; KUMHO Petrochemical; Teijin; TSRC Corporation

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Asia Pacific was the largest region in the global synthetic rubber and fibers market, accounting for 68% of the market in 2019. Western Europe was the second largest region accounting for 11% of the global synthetic rubber and fibers market. Africa was the smallest region in the global synthetic rubber and fibers market.

Markets Covered:

1) By Type: Fibers; Styrene Butadiene Rubber (SBR); Polybutadiene (BR); Ethylene Propylene (EPDM); Others (IIR, CR, TPR, ABS, etc.)

2) By Application: Non-Tire Automotive; Footwear; Tire; Construction; Others

News and Latest Development:

TSRC Corp is a Taiwan-based company mainly engaged in the manufacture and sale of synthetic rubber products. The Company operates through three business segments. The synthetic rubber segment manufactures and sells synthetic rubber. Its products include emulsion polystyrene-butadiene rubber (E-SBR), solution polystyrene-butadiene rubber (S-SBR), polybutadiene/butadiene rubber (BR), thermoplastic elastomer (TPE) etc. The non-synthetic rubber segment manufactures and sells applied materials such as engineering plastics and thermoplastic elastomers.

Essential points covered in Global Synthetic Rubber And Fibers Market2020 Research are:-

What will the market size and the growth rate be in 2020?
What are the key factors driving the global Synthetic Rubber And Fibers market?
What are the key markets trends impacting the growth of the global Synthetic Rubber And Fibers market?
What are the challenges to market growth?
Who are the key vendors in the global Synthetic Rubber And Fibers market?
What are the market opportunities and threats faced by the vendors in the global Synthetic Rubber And Fibers market?
What are the key outcomes of the five forces analysis of the global Synthetic Rubber And Fibers market?

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This independent 300 page report guarantees you will remain better informed than your competition. With over figures examining the Synthetic Rubber And Fibers market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2020.

Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Synthetic Rubber And Fibers in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Furthermore, the report provides a detailed analysis of the global Synthetic Rubber And Fibers market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Synthetic Rubber And Fibers market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

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Identify growth segments for Synthetic Rubber And Fibers.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market research findings.
Benchmark performance against key competitors.
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The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Synthetic Rubber And Fibers on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Synthetic Rubber And Fibers Market and assist manufacturers and Synthetic Rubber And Fibers organization to better grasp the development course of Synthetic Rubber And Fibers Market.

Note: All the reports that we list have been tracking the impact of COVID-19 . Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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