(EMAILWIRE.COM, February 05, 2019 ) The Business Research Companys Synthetic Rubber And Fibers global market report, covers the year-on-year growth of the global Synthetic Rubber And Fibers market historic and forecast growth. It also includes chapters on the Synthetic Rubber And Fibers market trends, geographical analysis, and competitive landscape.
The global synthetic rubber and fibres market size is expected to reach $110 billion by 2022, significantly growing at a CAGR of around 4% during the forecast period.
Synthetic Rubber And Fibers Market Trends
The synthetic rubber and fibres 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 fibres. Synthetic fibres 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 fibres. Marine, medical, sporting goods, pressure vessel, and reinforcement materials industries are the significant applications for the specialty synthetic fibre market and growth in these markets is driving the fibres market.
The global Synthetic Rubber And Fibers market is primarily driven by rise in disposable income, growing population, increased global economic activity, increase in economic growth and technological development.
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The global Synthetic Rubber And Fibers market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With greater stability in the oil and gas industry and high consumption of refined petroleum, the global Synthetic Rubber And Fibers market is expected to increase in potential and scope. TBRCs report also covers the Synthetic Rubber And Fibers drivers and restraints in the market.
The global Synthetic Rubber And Fibers markets segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global Synthetic Rubber And Fibers market report are DOW, Owens Corning, KUMHO Petrochemical, Teijin, TSRC Corporation.
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