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The rubber market size is estimated to grow by 8,795.35 MT at a CAGR of 5.28% between 2022 and 2027. Market growth depends on various factors, including heightened automotive industry demand, escalating industrialization rates, and increased production of polybutadiene rubber and PBD-based plastics. These elements collectively propel market expansion, reflecting the automotive sector's growing need for specialized materials, the global trend towards industrial advancement, and the increased utilization of PBD-based plastics in various applications. The heightened demand from the automotive industry signifies a shift towards advanced materials such as liquid silicone rubber, driving innovation and product development. Additionally, the rising rate of industrialization underscores the expanding industrial sector's reliance on specialized materials, stimulating market growth. Furthermore, the increased production of PBD-based plastics indicates a growing market response to evolving industrial needs, highlighting the material's versatility and utility across industries.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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