TechNavio recognizes the following companies as the key players in Global Rubber Market: BASF SE, Styron LLC, Thai Rubber Latex Corp., and The DOW Chemical Co.
Commenting on the report, an analyst from TechNavio’s 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.”
According to the report, the major driver in this market is the increasing demand for disposable medical gloves. Disposable medical gloves are eco-friendly and reduce the risk of allergies and contamination-related infections to the user. They are made from natural rubber and are safe and secure to use in medical activities. The awareness of this fact among end-users is increasing their demand and propelling the growth of the Global Rubber market.
Further, the report states that the major challenge faced by the market is the threat from natural disasters and adverse weather conditions. These conditions will decrease raw material supply and increase raw material prices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-rubber-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Rubber Market 2014-2018
