Synthetic Rubber Market In India

At the end of 2017 call for synthetic rubber sr in india was 580 000t y driven by strong tyre call from the automobile segment.

Synthetic rubber market in india.

Press release synthetic rubber market global size overview growth drivers industry share and forecast to 2026 published. Commerce minister calls for boosting rubber production to counter supply squeeze. Analysis of natural rubber market price and supply and demand situation in september 2020 global rubber market news india. The automotive industry is one of the fastest growing industries in the world and which in turn is related to the synthetic rubber industry.

Along with qualitative information this report include the quantitative analysis of various segments in terms of market share growth opportunity analysis market value etc. Synthetic rubber market drivers and restraints. At the end of 2016 demand for synthetic rubber sr in india was 580 000t y driven by strong tyre demand from the automobile sector said juan ramon salinas managing director and chief executive officer of the international institute of synthetic rubber producers. Global synthetic rubber market was valued at usd 28 27 billion in 2018 and is expected to reach usd 46 58 billion by 2026 at a cagr of 6 44.

Synthetic rubber is a type of elastic polymer majorly obtained from petroleum by products. The report on global synthetic rubber and fibers market offers in depth analysis on market trends drivers restraints opportunities etc. Asia pacific is the largest producer as well as consumer with thailand being the largest producing country of natural rubber and china being the largest consumer. For the forecast years.

21 2020 at 12 41 a m. India industrial rubber market by type natural rubber and synthetic rubber by product mechanical rubber good rubber belt rubber hose rubber roofing and others by application automotive construction manufacturing medical healthcare electrical electronics others by company by region forecast opportunities 2025.