Asia Pacific synthetic rubber market is estimated to grow with lucrative growth during the forecast period. The high adoption of synthetic rubber in various applications is one of the chief factors for the growth of the market in the region. China, India, Thailand, Indonesia, Malaysia, Vietnam are among the top producer of natural and synthetic rubber all across the globe. Moreover, the region caters to the significant application of synthetic rubber including tires. As per the International Organization of Motor Vehicle Manufacturers, in Asia Pacific, more than 50 million vehicles were manufactures in the region. Moreover, India and China are among the largest two-wheeler industry globally. Additionally, the region is a hub for the manufacturing of consumer electronics which creates considerable demand for synthetic rubber in the region.

Asia Pacific synthetic rubber market is divided based on type and end-user. By type, the market is further divided into Styrene Butadiene Rubber, Polybutadiene Rubber, Ethylene Propylene Rubber, Isoprene Rubber, and others. Due to significant demand for tires in the region, Styrene-Butadiene Rubber is expected to hold the largest market share during the forecast period. By end-user, the market is further segmented into automobile components, industrial application, footwear, household, and others. Automobile components will hold the largest market share in the region. Based on geography, the market is divided into China, Japan, India and the Rest of Asia Pacific. China is expected to hold a major market share during the forecast period. In the rest of Asia-Pacific region, South Korea and South-East Asian countries including Thailand, Indonesia, Malaysia, and Vietnam are expected to hold a considerable market share in the region.

The companies which are contributing significantly in the market include Ube Industries, Ltd., Asahi Kasei Corp., Bridgestone Corp., Indian Synthetic Rubber Pvt. Ltd., JSR Corp., LG Chem, Ltd., Reliance Industries Ltd., SABIC, Sumitomo Chemical Co., Ltd., The Goodyear Tire & Rubber Co., The Michelin Group, and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for rubber companies, chemical companies, automotive &auto-ancillary companies, footwear companies, electronics companies, aircraft manufacturing companies, vendors, government organizations, and venture capitalists for the comprehensive market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia Pacific Synthetic Rubber Market Research and Analysis by Type
2. Asia Pacific Synthetic Rubber Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of Asia Pacific Synthetic Rubber Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting Asia Pacific Synthetic Rubber Market.
• Insights about market determinants which are stimulating Asia Pacific Synthetic Rubber Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.