Lucintel's latest market report analyzed that MENA synthetic rubber compound provides attractive opportunities in tire, hose & belting, roofing, geomembrane, wire & cable insulation, and footwear industries. The MENA synthetic rubber compound market is expected to grow at a CAGR of 2.2%. In this market, styrene butadiene rubber (SBR) is the largest segment by product type, whereas tire is largest by application. The development of bio-based feedstock and green chemicals to reduce carbon emissions provides strategic growth path in this market.
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Based on product type, the MENA synthetic rubber compound market is segmented into styrene butadiene rubber, silicon rubber, fluoro rubber, butyronitrile rubber, ethylenepropylene rubber, chloroprene rubber, and others. The styrene butadiene rubber segment is accounted for the largest share of the market in 2020 due to wide availability, low cost, and ability to accept high filler levels/ provide high filler loading than other synthetic rubber compound.
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The MENA synthetic rubber compound market is marked by the presence of several big and small players. Some of the prominent players offering MENA synthetic rubber compound include Continental AG, HEXPOL Compound, Kraiburg, Arlanxeo and AEB Ltd.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
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