Fluoroelastomer Specialists
Rubber Market covers the present market trends, growth opportunities for business development in the Rubber Market space. Market data like key players, promising regions (APAC, EMEA & Americas), sales & revenue, market size is mentioned in this report to have an insight into the Rubber Market. Analyses done in this report can help to effectively increase the CAGR of the Rubber Market.
Significant market data like market scope, market summary & market sizing can be extracted to formulate a successful business strategy. Furthermore, segmentation by end-user & segmentation by application is provided to make it easy for the reader to draw important conclusions about the Rubber Market.
About Rubber
Natural rubber is used to manufacture various products such as erasers, electrical insulation, and elastic bands. Synthetic rubber is also an elastic material that is manufactured by the fractional distillation of naphtha, a crude oil derivative. Synthetic rubber is of diverse types such as acrylic rubber (ACM), butadiene rubber (BR), chlorosulfonated polyethylene (CSM)/Hypalon, ethylene propylene diene monomer (EPDM), fluoroelastomers (FKM)/Viton, nitrile rubber (NBR), perfluoroelastomer (FFKM), isoprene rubber (IR), polychloroprene (CR)/neoprene, polysulfide rubber (PSR), silicone rubber (SiR), and styrene-butadiene rubber (SBR).
Industry analysts forecast the global rubber Market to grow at a CAGR of 4.66% during the period 2017-2021.
Market driver
Growing demand for rubber in APAC
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Market challenge
Fluctuating raw material prices for synthetic rubber
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Read more: Rubber Market 2017-2021: Present Size, Growth Restraints & Competitive Scenario
