Synthetic rubber is any manufactured elastomer or polymer substance that has qualities similar to natural rubber.
They are made by polymerizing various monomers, which can be petroleum-based or sourced from plants, to generate long chains of polymers.
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Synthetic rubber qualities can be adjusted to fulfill specific performance needs such as increased durability, chemical resistance, and flexibility.
There are numerous types of synthetic rubber, each having its own chemical makeup and qualities. The most popular forms of synthetic rubber are styrene-butadiene rubber (SBR), polybutadiene rubber (BR), neoprene rubber (CR), and nitrile rubber (NBR).
South Korea, the United States, Japan, Thailand, and Vietnam are the leading synthetic rubber-exporting countries across the globe.
Key Details About the Synthetic Rubber Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Synthetic Rubber price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Synthetic rubber Price chart, including India’s synthetic rubber price, USA’s synthetic rubber price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting synthetic rubber Price Trend:
Synthetic rubber is an important component in tyre production. It is used in tyre treads, sidewalls, and inner liners to improve grip, durability, and wear and tear resistance.
It is used to make belts and hoses for automobile engines. These parts are made to endure high temperatures as well as exposure to oil and other vehicle fluids.
It is used to make seals and gaskets for engines, pumps, and other industrial equipment. These components aid in the prevention of leaks and the proper operation of machinery.
It is used to make athletic shoes, boots, and footwear. It offers cushioning and support while being long-lasting and resistant to wear.
It is used to make industrial adhesives, which are used to join a variety of materials such as plastics, metals, and wood.
It is utilised in the manufacture of roofing and waterproofing products, as well as insulation and soundproofing materials.
Key Players:
- Sinopec
- DuPont
- The Dow Chemical Company
- ExxonMobil
- Kumho Petrochemical Company Ltd
News and Events:
- December 08, 2022: As production costs have decreased due to decreasing costs of synthetic rubber and natural rubber prices, the market for rubber products is hoping for a surge in demand. While the greatest consumer of both types of rubber, the tyre industry, is experiencing a decline in demand, the non-tyre sector is experiencing a flurry of activity.
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