Synthetic Rubber Market worth 37.82 Billion by 2022

摘要

Rising use of synthetic rubbers in the tyre and non-tyre automotive applications, growing trend of using synthetic rubbers in automobiles to reduce the weight of vehicles for fuel efficiency, and increasing demand from the Asia Pacific region are the major factors expected to drive the global synthetic rubber market during the forecast period of 2018 to 2022. This is as per a report titled 'Synthetic Rubber Market by Type (SBR, BR, SBC, EPDM, IIR, NBR), Application (Tyre, Non-Tyre Automotive, Footwear, Industrial), and Region (North America, Europe, Asia Pacific, South America, and Middle East and Africa) - Global Forecast to 2022'. The synthetic rubber market is estimated to be USD 28.88 billion in 2017 and is projected to reach USD 37.82 billion by 2022, at a CAGR of 5.5% between 2017 and 2022.