Synthetic Rubber And Fibers Market Global Report 2017

NEW YORK, June 21, 2017 /PRNewswire/ -- The synthetic rubber manufacturing industry comprise establishments that primarily manufacture synthetic rubber, which is a polymer either produced from natural sources such as natural rubber or synthesized on an industrial scale.

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Synthetic rubber is an artificial elastomer which is produced via the polymerization of a variety of petroleum-based monomers. Styrene butadiene rubber (SBR) is the most prevalent synthetic rubber.
The fiber manufacturing industry is comprised of establishments which primarily manufacture and texturize cellulosic (e.g., rayon, acetate) and non-cellulosic (e.g., nylon, polyolefin, polyester) fibers and filaments in the form of monofilaments, filament yarns, staples, or tow.

The global synthetic rubber and fibers market is expected to reach $100 billion in 2020. The largest segments in the synthetic rubber and fibers market as of 2016 were fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR) and Ethylene Propylene (EPDM).

Asia was the largest region in the synthetic rubber and fibers market in 2016, accounting for around 50% market share. This was due to continued growth in the automotive industry which resulted in an increase in tire manufacturing. Moreover, the rapidly expanding footwear market catering to highly populated regions has led to a rise in demand of synthetic rubber and fibers. Americas was the second largest region accounting for around 30% market share. Europe was the third largest region accounting for around 13% market share.
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