Global Synthetic Rubber Market 2027: Analysis & Growth with Trends
The global synthetic rubber market is projected to register growth at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the growing trends in automotive to reduce the weight of vehicles for better fuel efficiency and the rising use of synthetic rubber in tire and non-tire automotive applications. The Important Factors of the Global Synthetic Rubber Market Besides, shifting consumer preferences towards electric vehicles and changing regulatory frameworks are contributing to the growth of the global synthetic rubber market. Additionally, the rising popularity of car rentals and ridesharing, owing to rapid urbanization, and the growing working population are some of the factors contributing to the growth of the global synthetic rubber market. Moreover, the rising demand for high-performance and eco-friendly tires as a growing concern over deteriorating environmental conditions is anticipated to fuel the global synthetic rub...