The global synthetic rubber market is anticipated to grow at a substantial CAGR of 5.1% during the forecast period. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2021, Bridgestone along with Arlanxeo, and Solvay announced the launch of Techsyn, a new co-developed tire technology platform that enables the tire to deliver unrivaled strength and environmental performance. Techsyn is integrated with chemically optimized synthetic rubber tailormade silica, interacting at a molecular level, to deliver high performance with no trade-offs. Moreover, in October 2020, Trinseo SA announced a commercial collaboration with Switzerland-based Tyre Recycling Solution(TRS) to accelerate the development of sustainable synthetic rubber tire formulation through the use of recycled tires. Trinseo’s synthetic rubber portfolio comprises both emulsion and styrene-butadiene rubber(SBR) under the brand names Buna and spritan.

In addition, Bridgestone Americas announced an exclusive partnership with LanzaTech NZ, Inc. The two companies will co-develop the first dedicated end-of-life recycling process and create a pathway toward tire material circularity and the decarbonization of new production. According to the Tire Industry Project, each year more than one billion tires end their useful service life, to resolve this issue Bridgestone and LanzaTech together work to address this issue by converting  end-of-life tires into new materials, including exploring processes to create sustainable synthetic rubber that does not rely on petrochemicals.

To Request a Sample of our Report on Synthetic Rubber Market:  https://www.omrglobal.com/request-sample/synthetic-rubber-market-size

Market Coverage

The market number available for – 2023-2030
Base year- 2023
Forecast period- 2024-2031
Segment Covered- by product, by end-user.
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- are Dow Chemical Co., Goodyear Tire & Rubber Co., Reliance Industries Ltd., Saudi Basic Industries Corp. (SABIC), TSRC, Asahi Kasei Chemicals Corp., China Petrochemical Corp., and Denka Co. Ltd., and others.

Synthetic Rubber Market– Segmentation

By Product 

Styrene butadiene rubber (sbr)
Polybutadiene (br)
Ethylene propylene (epdm)
Nitrile butadiene rubber (nbr)
Isoprene rubber (ir)
Chloroprene rubber (cr)
Butyl rubber (iir)
Others

By End-user 

Tires
Industrial application
Electronics
Footwear
Household
Others

A full Report of Synthetic Rubber Market is Available @  https://www.omrglobal.com/industry-reports/synthetic-rubber-market-size

Synthetic Rubber Market by Region 

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Asahi Kasei Chemicals Corp.
China Petrochemical Corp. 
Denka Co. Ltd.
Dynasol Gestión SL
Exxon Mobil 
Indian Synthetic Rubber Pvt. Ltd.
JSR Corp. 
Kumho Petrochemical Co. Ltd.
Kuraray Co. Ltd.
LCY Chemical Corp.
LG Chemical
Lion Elastomers
Michelin
Sumitomo Chemical Co., Ltd.
Trinseo PLC 
UBE Corp. 

Reasons to buy from us –

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/synthetic-rubber-market-size

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: [email protected]

Contact no:  +91 7803040404