Synthetic Rubber Market Trends, Price Analysis, Share Value, Growth Rate, Key Competitors Outlook, and Industry Report by 2029
The synthetic rubber industry size was pegged at USD 28.89 billion in 2021. The market is anticipated to rise from USD 29.86 billion in 2022 to USD 41.73 billion by 2029 at a 4.9% CAGR during the forecast period. Fortune Business Insights™ has elucidated these insights in its latest research report, titled, “Synthetic Rubber Market, 2022-2029.”

According to the study, artificial elastomer has gained an uptick following the need for high tensile strength, recyclability and resistance to abrasion and swelling. Growing investments in research & development activities and demand from construction, aerospace, and construction sectors will augur well for the business outlook. Industry players expect the ensuing period to provide promising growth opportunities with rising demand from the end-users.

COVID-19 Impact

Manufacturing Plant Shutdown Challenged Stakeholders to Expand their Footfall

A notable dip in the aviation sector and automotive industry did not bode well for leading companies gearing to expand their portfolios. The potential closure of manufacturing plants and postponement of projects challenged leading companies. Supply chain disruptions across the end-use sectors sent shock waves in the global landscape. That said, robust government policies could encourage major players to boost their portfolios. Economic revival and rise in automotive production could reshape the industry dynamics.

Report Coverage

The report offers a comprehensive perspective of the market size, share, volume, and revenue. It has also delved into SWOT analysis and Porters’ Five Force Analysis. The report has been prepared through qualitative and quantitative analysis to bolster the strategic approach. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.

Drivers and Restraints

Notable Trends from Automotive Sector to Propel Industry Outlook

The synthetic rubber market share will witness an upward trajectory on the back of surging demand for anti-slip properties across tire applications, including door & window profiles, flooring, O-rings & gaskets, hoses and belts. The automotive sector is likely to exhibit traction for synthetic rubber following the need for abrasion and temperature resistance. It is worth noting that artificial rubber has gained an uptick owing to its suitability for applications in environments exposed to high temperatures, greases, chemicals and oxidizing compounds.

However, potential health issues, including shortness of breath, asthma and stroke, could challenge industry players vying to boost their portfolios.

Key Industry Development

April 2020 - SIBUR’s Krasnoyarsk started its commercial manufacturing of synthetic nitrile butadiene rubber (NBR) latex with an annual capacity of 3.5 KT. The aim of the project is to develop a feedstock base for import substitution of diagnostic exam gloves through the localization of manufacturing in Russia. Hence, this development will help the company to set the stage for the development of the latex manufacturing industry.

Browse Summary:

https://www.fortunebusinessins....ights.com/synthetic-

UPS to take over multinational healthcare logistics provider Bomi Group

EVP and President of UPS International, Healthcare and Supply Chain Solutions Kate Gutmann, said, "As a leading global healthcare logistics company, Bomi enhances our portfolio of services and accelerates our journey to become the number one provider of complex healthcare logistics. UPS Healthcare and Bomi Group employees share similar values, and our cultures are firmly rooted in a relentless focus on quality. The combination of our two teams will significantly improve our healthcare customers' ability to continue to develop and deliver life-saving innovations."

https://www.itln.in/goods-carr....ier/ups-to-take-over

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Kuehne+Nagel to ship 40,000 TEUs on biofuel

Kuehne+Nagel has secured the equivalent volumes of a waste-based next generation biofuel to save CO2 emissions of 40,000 TEUs. "In line with the company's zero emissions targets, customers can participate to neutralise the CO2 emissions from their own shipments on any trade or service worldwide," says an official announcement.

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Kuehne+Nagel to ship 40,000 TEUs on biofuel

Kuehne+Nagel has secured the equivalent volumes of a waste-based next generation biofuel to save CO2 emissions of 40,000 TEUs. "In line with the company's zero emissions targets, customers can participate to neutralise the CO2 emissions from their own shipments on any trade or service worldwide," says an official announcement.

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Protective Clothing Market 2022 Global Size, Regional Sales, Revenue, Top Key Players, Future Growth and 2027 Forecast
As per study by Fortune Business Insights™, the global protective clothing industry is anticipated to be driven by the rising government norms worldwide to maintain workplace safety, especially in the manufacturing, food processing, construction, healthcare, and chemical industries. Also, the increasing cases of accidental injuries and mortalities would affect the market positively. The study further states that the protective clothing market size was USD 12.48 billion in 2019 and is projected to reach USD 34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast period.

Regional Analysis-

North America to Dominate Fueled by Strict Laws by OSHA Regarding Workers’ Safety

The market is regionally categorized into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Out of these, North America procured USD 4,677.9 million revenue in 2019. It is set to dominate throughout the forecast period. This growth is attributable to the rising number of stringent norms put forward by the Occupational Safety and Health Administration (OSHA) to ensure workers’ safety. The organization has formed certain safety standards associated with industrial disasters, such as manufacturing machinery failures, fires, and others. Asia Pacific would grow rapidly backed by the rising rates of occupational accidents in the developing countries, such as South Korea, India, and China.

Segment-

Rising Usage of Protective Clothing to Prevent Injuries will Drive the Chemicals Segment

Based on end use, the market is fragmented into oil & gas, firefighters, chemical, pharmaceutical, and others. Amongst these, the chemical segment is expected to procure the largest share owing to the increasing usage of protective clothing in the chemical industry for preventing injuries caused by hazardous chemicals, such as cleaning agents, degreasers, and paints. Besides, workers in several industries are nowadays exposed to various types of toxic chemicals. The oil & gas segment, on the other hand, held 13.5% protective clothing market share in 2019.


Competitive Landscape-

Key Manufacturers Aim to Enhance Portfolio through Acquisitions

A large number of manufacturers and distributors are mainly focusing in the development of more sustainable and recyclable materials for a wide range of industries. They are also adopting the set of norms provided by the government agencies worldwide. In addition to that, they are following the strategy of mergers and acquisitions to broaden their product portfolio & serve their consumers better.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessins....ights.com/protective

Plastic Compounding Market Growth, Development Factors, Business Insights, Value Chain and Sales Channels Analysis 2026
The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.

As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period.

Automotive & Transportation Segment to Hold the Highest Share Backed by Extensive Usage of Compounded Plastics

In terms of application, the market is grouped into consumer goods/lifestyle, infrastructure & construction, industrial machinery, packaging, automotive & transportation, electrical & electronics, and others. Amongst these, the automotive and transportation segment is set to hold the largest plastic compounding market share during the forecast period. This growth is attributable to the increasing usage of compounded plastics in this industry. They lower the overall weight of the vehicle, which further increases the life and efficiency of the vehicle components. The infrastructure and construction segment held 14.6% share in 2018.

Drivers & Restraints-

Increasing Number of Commercial & Residential Projects to Augment Growth

Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture.

In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth.

List of the Companies Profiled in the Global Plastic Compounding Market are:

LANXESS A.G.
BASF SE
PolyVisions
Asahi Kasei Corporation
Aurora Plastics LLC
SABIC
LyondellBasell
Kingfa SCI. & TECH. CO., LTD.
DuPont
Celanese Corporation
RTP Company
Solvay S.A.
KURARAY CO., LTD.
Kraton Corporation
Covestro AG
Kraton Corporation
MRC Polymers
Adell Plastics
Other Key Players
This Report Answers the Following Questions:

What are the plastic compounding market trends?
How many growth drivers and barriers will the market possess?
Which organizations are set to remain on top in the market?
What are the strategies adopted by industry giants to strengthen their position?
Which segment is set to dominate the market during the forthcoming years?
Regional Analysis-

Asia Pacific to Dominate Owing to High Demand for Low Emission Vehicles

Geographically, the market is divided into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Amongst them, Asia Pacific is anticipated to generate the highest plastic compounding market revenue in the coming years. The majority of this growth would be contributed by China and India, mainly because of the rising demand for low emission vehicles. It is helping the automotive sector to expand.

Asia Pacific is considered to be the largest producer of construction, automobiles, industrial machinery, electrical & electronics, and packaging materials. Coupled with this, the ongoing economic development and growing industrialization are set to impact the market positively in this region. The U.S. in North America previously held the largest share stoked by high demand for plastic compounding from healthcare & pharmaceutical, as well as electrical & electronics industries. The region procured USD 10.02 billion market share in 2018. In Europe, Germany is likely to be the main contributor of growth on account of the rising production of electric vehicles.

Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Emerging Trends – For Major Countries
Key Developments: Mergers, Acquisition, Partnership, etc.
Latest Technological Advancement
Insights on Regulatory Scenario
Porters Five Forces Analysis
Global Plastic Compounding Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Type
Polyethylene (PE)
Polypropylene (PP)
Poly Vinyl Chloride (PVC)
Polystyrene (PS)
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Polyamide (PA)
Polycarbonate (PC)
Acrylonitrile Butadiene Styrene (ABS)
Others
Market Analysis, Insights and Forecast – By Application
Automotive & Transportation
Infrastructure & Construction
Electrical & Electronics
Packaging
Consumer Goods / Lifestyle
Industrial Machinery
Healthcare & Pharmaceuticals
Others
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia pacific
Latin America
Middle East & Africa
TOC Continued…!

Competitive Landscape-

Lanxess Inaugurates New Plant in China; LyondellBasell Acquires A. Schulman, Inc.

Reputed companies present in the market are either investing huge sums in building brand new plants or are engaging in the strategy of mergers and acquisitions to widen their geographic reach and product portfolio.

Below are a couple of the latest key industry developments:
https://www.fortunebusinessins....ights.com/plastic-co

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Air transport essential link in logistical chain for cell and gene therapy, finds report

With over 1,000 CGT clinical trials underway, the industry could see as many as 10 to 20 new therapies approvals per year starting 2025. The market size valued at $13.1 billion in 2020 is expected to expand at a compound annual growth rate (CAGR) of 20.3% until 2028

https://www.itln.in/aviation/a....ir-transport-essenti

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