Posted in | Rubber and Elastomer

Growing Demand from Emerging Economies to Drive Synthetic Rubber Market

Research and Markets has announced the addition of the "Global Rubber Market 2014-2018" report to their offering.

The analysts forecast the Global Rubber market to grow at a CAGR of 5.89 percent and 6.36 percent on the basis of production and consumption, respectively, over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for disposable medical gloves. The Global Rubber market has also been witnessing the increasing demand for synthetic rubber from the emerging economies. However, the increasing demand of natural disasters and adverse weather conditions could pose a challenge to the growth of this market.

Key vendors dominating this space are BASF SE, Styron LLC, Thai Rubber Latex Corp., and The DOW Chemical Co.

Other vendors mentioned in the report are Advance Multitech Ltd., Advance Petrochemical Ltd., Ansell Ltd., Asahi Kasei Corp., Bando Chemical Industries Ltd., Bridgestone Corp., Behn Meyer Group, China National Petroleum Corp., Convex Latex Pvt. Ltd., HLL Lifecare Ltd., Hwafong Rubber Thailand Public Co. Ltd., Lanxess AG, LG Chem Ltd., Nishikawa Rubber Co. Ltd., Nordion Inc., RFB Rubber Ltd., Shun Thai Rubber Gloves Industry Public Co. Ltd., Sinopec Ltd., Sumitomo Chemical Co. Ltd., St. Marys Rubbers Pvt. Ltd., Synthos S.A., Textile Rubber & Chemical Co. Inc., Tianjin Lugang Petroleum Rubber Co. Ltd., Versalis S.p.A, and Wacker Chemie AG.

Commenting on the report, an analyst from the team said: The demand for synthetic rubber is estimated to increase at a steady pace in the future due to the growing demand from emerging economies. The APAC region is the largest synthetic rubber consumer, with China being the leader in synthetic rubber production and consumption. The rubber market in the APAC region is expected to grow at a rapid pace during the forecast period. It is expected to account for more than 50 percent of the production and consumption of synthetic rubber with the increasing demand for synthetic rubber in the Automobile sector, and the Construction and Tire industries.

For more information visit http://www.researchandmarkets.com/research/7fk9pp/global_rubber

Source: http://www.researchandmarkets.com/

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