Insights on the North American Synthetic Rubber Market to 2019 | Industry Statistics, Emerging Demands, Forecast to 2025
North American synthetic rubber market is expected to show a significant growth rate during the forecast period. Wide application of synthetic rubber is one of the major factors augmenting the market. However, the unstable crude price at the international market is one of the major restraints to the market. The region is one of the largest consumers of rubber and is an extensive market for synthetic rubber and its products.
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The demand for
synthetic rubber is majorly dependent on the automobile industry as it the
chief purchaser of tires. As per the International Organization of Motor
Vehicle Manufacturers, in North American, around 13.3 million vehicles were
manufactured in 2018. The share of the production of commercial vehicles is
much higher as compared to passenger vehicles in the region. Apart from demand
from OEM, a significant demand from the aftermarket is generated in the region.
North
American 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.
In the region, Styrene-Butadiene Rubber will hold the largest market share
during the forecast period. By end-user, the market is further divided into
tires & other automobile components, industrial application, footwear,
household, and others. Tires and other automobile components will hold the
major market share during the forecast period. Geographically, the market is
segmented into the US and Canada. The US is expected to have a major market
share during the forecast period. In the US, the production of synthetic
rubbers is contained in standard industry classification (SIC) grouping 2822.
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North American
Synthetic Rubber Market Segmentation
By Type
· Styrene-Butadiene
Rubber (SBR)
· Polybutadiene
Rubber (BR)
· Ethylene
Propylene Rubber (EPDM)
· Isoprene
Rubber (IR)
· Others
(Nitrile Butadiene Rubber (NBR), Butyl Rubber (IIR), Chloroprene Rubber (CR))
By End-User
· Tires
& other automobile components
· Industrial
Application
· Footwear
· Household
· Others
(Electronics)
Regional Analysis
· United
States
· Canada
Company Profiles
· ARLANXEO
Holding B.V.
· Asahi
Kasei Corp.
· Bridgestone
Corp.
· Denka
Company Ltd.
· Dynasol
Group
· Exxon
Mobil Corp.
· Firestone
Polymers, LLC
· JSR
Corp.
· Kuraray
Co., Ltd.
· LCY
Chemical Corp.
· LG Chem,
Ltd.
· SABIC
· The Dow
Chemical Co.
· The
Goodyear Tire & Rubber Co.
· The
Michelin Group
· Tosoh
Corp.
· Trinseo
LLC
· TSRC
Corp.
· Ube
Industries, Ltd.
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