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  IMARC Group, a leading market research company, has recently releases report titled “ Synthetic Rubber Market Report by Type (Styrene Butadiene Rubber, Ethylene Propylene Diene Rubber, Polyisoprene, Polybutadiene Rubber, Isobutylene Isoprene Rubber, and Others), Form (Liquid Synthetic Rubber, Solid Synthetic Rubber), Application (Tire and Tire Component, Non-Tire Automobile Application, Footwear, Industrial Goods, and Others), and Region 2024-2032 ”, Offers a comprehensive analysis of the industry, which comprises insights on the global synthetic rubber market . How Big is the Synthetic Rubber  Market? The global synthetic rubber market size reached US$ 33.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 44.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032. Factors Affecting the Growth of the Synthetic Rubber Industry: Automotive Industry Demand : The automotive industry's demand...

 According to the latest report by IMARC Group, titled " Global Synthetic Rubber Market Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ", the global synthetic rubber market reached a value of US$ 30.64 Billion in 2021 and is projected to reach to a value of US$ 38.51 Billion by 2027 , exhibiting a CAGR of 3.70% during 2022-2027 . Synthetic rubber is an artificial elastomer synthesized from various raw materials such as natural gas, coal, oil, and acetylene. It can undergo elastic stretchability or deformation under stress and return to its previous size without permanent deformation. It has a higher tensile strength, and recyclable, swelling and abrasion-resistant properties. Synthetic rubbers are more cost-effective, durable and possess high thermal stability compared to natural rubbers. As a result, they are widely utilized across automotive, construction, electrical, and various other end-use industries.  Request a Free PDF Sample for more det...