Product ID: UCMIG15J2003
Report ID:
UCMIG15J2003 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global liquid synthetic rubber market is expanding due to an increase in tyre production and an increase in demand for rubber with low volatile organic compound (VOC) concentrations. The majority of liquid synthetic rubber is utilised in the manufacture of tyres and tyre components such as tread, apex/rim/flange, and carcass. The increased emphasis on tyre longevity and performance, as well as the adoption of tyre labelling rules, is increasing the tyre manufacturing industry's demand for liquid synthetic rubber. Furthermore, the expansion of the automobile industry, which is a key consumer of liquid synthetic rubber in Europe and Asia-Pacific, contributes to the growth of the liquid synthetic rubber market. Furthermore, the rapid development of the manufacturing sector in emerging economies such as China and India, particularly in the automotive and construction materials industries, is likely to drive the growth of the liquid synthetic rubber market during the forecast period. The key players operating in the global liquid synthetic rubber market include Evonik Industries, H.B. Fuller, Synthomer PLC, Asahi Kasei Corporation, and others.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Diversified Metals & Mining by segment aggregation, the contribution of the Diversified Metals & Mining in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG15J2003