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The synthetic rubber market size is estimated to increase by USD 14.22 billion and grow at a CAGR of 5.96% between 2023 and 2028. Market growth hinges on several factors, including the heightened demand for tires fuelled by the surging sales of electric vehicles, the rising need across diverse end-user sectors, and ongoing technological advancements and innovations in manufacturing processes. However, challenges loom, such as the displacement of rubber by polyurethanes in select applications, fluctuations in raw material prices impacting synthetic rubber production costs, and the stringent environmental regulations and health risks associated with the synthetic rubber manufacturing industry. Navigating these hurdles requires a strategic approach involving adaptation to changing market dynamics, proactive management of supply chain risks, and continued investment in research and development to foster sustainable solutions and ensure long-term viability in the competitive synthetic rubber market landscape.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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