China Synthetic Rubber Market to be dominated by utilization of synthetic rubber in construction industry through 2028
Growing applications of synthetic rubber
in textile industry are the major drivers for the China Synthetic Rubber Market.
According to TechSci Research report, “China
Synthetic Rubber Market –Industry Size, Share, Trends, Competition, Opportunity
and Forecast, 2018-2028”, the China Synthetic
Rubber Market is anticipated to register a high CAGR during the forecast
period. This can be ascribed to collaborations and partnerships among leading
companies with a diverse approach to merge the expertise of individual
companies and to strengthen their position in the market.
In China, the utilization of synthetic rubber in
construction has emerged as a key driver in the country's synthetic rubber
market. Rubber's inherent elastic properties make it an ideal material for
construction applications. It can withstand extreme temperatures, resist
corrosion, and remain flexible over a wide range of conditions. These
characteristics contribute to the longevity and resilience of construction
components such as seals, gaskets, roofing membranes, and waterproofing
systems. One of the primary advantages of synthetic rubber in construction is
its exceptional water resistance. Rubber-based materials are widely used for
sealing applications, preventing water leakage and moisture ingress in various
structures. Whether it is in the form of rubberized coatings, sealants, or
adhesives, synthetic rubber provides a reliable barrier against water,
contributing to the durability and integrity of buildings.The construction
industry often faces challenges related to vibrations and excessive noise.
Synthetic rubber's ability to absorb shocks and dampen vibrations makes it a
valuable material for mitigating these issues. Rubber-based materials, such as
bearing pads and isolation mounts, help reduce the transmission of vibrations in
structures, ensuring improved comfort, stability, and safety. Certain types of
synthetic rubbers, when properly compounded, exhibit flame-resistant
properties. This characteristic is particularly crucial in the construction
industry, where fire safety is paramount. Flame-resistant rubber compounds,
such as neoprenes and hypalons, are used in applications that require passive
fire protection, enhancing the overall safety of buildings. Rubber calendering
is a common process in the textile industry that utilizes synthetic rubber to
manufacture different types of fabrics.
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By combining rubber with textiles,
manufacturers can enhance the fabric's durability, flexibility, and
performance. Rubber calendering plays a crucial role in producing materials
used for diverse applications, such as conveyor belts, hoses, seals, and drive
belts. Rubber hoses have been a staple in the textile industry for many years.
Synthetic rubber, reinforced with cotton or other fabrics, is widely used to
create hoses that are resistant to wear, pressure, and chemical exposure. These
hoses find applications in various textile processes, such as dyeing, spinning,
weaving, and transportation of fluids. The textile industry heavily relies on
synthetic fibers, with polyester being the most common. Synthetic fibers,
including those reinforced with rubber, offer superior strength, durability,
and resistance to harsh conditions. As the industry moves towards a circular
economy, there is an increasing demand for synthetic rubber materials that can be
recycled and reused, reducing waste and environmental impact. Collaboration and
partnerships also drive innovation and market expansion in the synthetic rubber
sector. Strategic alliances between manufacturers and end-users, such as
automotive companies, tire makers, and textile industries, foster open
communication channels and enable the customization of products to meet
specific requirements. By working closely with end-users, manufacturers can
understand market needs, develop tailored solutions, and expand their product
offerings to new applications and sectors. EVE Rubber Institute, a leading
research institution in China, has signed agreements with Ecombine Advanced
Materials and Arlanxeo High Performance Elastomer (Changzhou). This
collaboration aims to develop and explore synthetic rubber applications
specifically for tire manufacturing.However, fluctuations in prices of raw materials are
expected to slow down the growth of the market in the coming years.
The China Synthetic Rubber Market segmentation is
based on Type, Application, By Company, and Region
Some
of the major companies operating in the China Synthetic Rubber Market include:
- Sinopec Corporation
- PetroChina Company Limited
- Shen Hua Chemical Industrial Co. Ltd.
- Huizhou LCY Elastomers Corp.
- Hangzhou Zhechen Rubber Co., Ltd.
- Ningbo Shunze Rubber Co., Ltd.
- Panjin Heyun Industrial Group Co., Ltd.
- Chi Mei Corporation
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“Certain regions, particularly the south-central
region, are projected to exert significant demand for synthetic rubber in China.
The growth in the competitive landscape and the presence of well-established
companies in the market, committed to enhancing their synthetic rubber productivity
each year, are expected to contribute to a remarkable growth of the China
Synthetic Rubber Market in the forecast period," said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based Global management
consulting firm.
China
Synthetic Rubber Market By Type (Styrene Butadiene Rubber (SBR), Poly Butadiene
Rubber (PBR), Styrene Butadiene Copolymer (SBC), Isoprene Rubber (IR), Others),
By Application (Transportation, Construction, Textile, Medical, Food &
Beverage, Others), By Region, Competition, Forecast and Opportunities, 2018-2028F
has evaluated the future growth potential of China
Synthetic Rubber Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide innovative
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in China Synthetic Rubber
Market.
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