Germany synthetic rubber market is expected to show a lucrative market growth during the forecast period. Germany is one of the largest exporters of synthetic rubber and products in the European Union. The production and consumption of synthetic rubber in Germany is majorly driven by the established automobile sector of the country. The increasing demand for tires in the automotive sector is augmenting the market growth for synthetic rubber. Germany is one of the world’s most reputable and well-known automotive industry. Germany has the highest number of OEM plants in Europe. There are currently more than 40 OEM sites in Germany. As per the Organization of Motor Vehicle Manufacturers, German automobile manufacturers produced over 5 million passenger vehicles in 2018 which is around 7% of the global passenger vehicle production. 

Germany synthetic rubber market is divided based on type and end-user. By type, the market is further segmented into Styrene Butadiene Rubber, Polybutadiene Rubber, Ethylene Propylene Rubber, Isoprene Rubber, and others. During the forecast period, Styrene-Butadiene rubber is expected to hold the largest market share. By end-user, the market is further segmented into automobile components, industrial application, footwear, household, and others. Automobile components will have the largest market share in the country. 

The companies which are contributing significantly in the market include ARLANXEO Holding B.V., Bridgestone Corp., Exxon Mobil Corp., LG Chem, Ltd., Lion Elastomers, LLC, SABIC, The Dow Chemical Co., 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. For instance, in March 2019, Goodyear Tire & Rubber Co. announced to upgrade two Dunlop tire plants in Germany. The company is spending around $122 million on plant upgrades. The upgrade is for improving plant productivity and improve competitiveness and production of premium consumer tires that are 17 inches and larger in diameter. 

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 brings 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. Germany Synthetic Rubber Market Research and Analysis by Type
2. Germany Synthetic Rubber Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of Germany 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 Germany Synthetic Rubber Market.
• Insights about market determinants which are stimulating Germany Synthetic Rubber Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.