The Global Synthetic Rubber Market is Projected to Reach 21.2 Million Metric Tons by 2024
Automobile Industry Dynamics and Rising Demand for Tires to Drive Growth in the Global Synthetic Rubber Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, market size and demand forecasts on the global Synthetic Rubber market. The global Synthetic Rubber market is projected to reach 21.2 million metric tons by 2024 , driven by the rising demand for tires in the OEM and replacement market. The rising demand for rubber from industrial, footwear and construction industries is also expected to fuel market growth. Synthetic rubbers are complex chemical compounds obtained from polymerized petroleum-derived monomers. The monomers usually used are butadiene, acrylonitrile, isobutene, isoprene, ethylene, styrol, chlorobutadiene, as well as other chemicals. More than 200 varieties of synthetic elastomers are available, of which the most popular forms include butadiene rubbe...