The global Synthetic Rubber Market is likely to grow in the coming years due to the soaring demand. According to a report by Fortune Business Insights, titled “Synthetic Rubber Market Size, Share and Global Trend by Type, Application Type, USD 28.89 billion in 2021 and is projected to grow from USD 29.86 billion in 2022 to USD 41.73 billion by 2029, exhibiting a CAGR of 4.9% during the forecast period.

The synthetic rubber industry is a sector of the chemical and polymer industry that produces rubber-like materials through the process of polymerization. Synthetic rubber is manufactured using various chemical compounds and processes to mimic the properties of natural rubber, which is derived from latex found in certain plants.

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https://www.fortunebusinessinsights.com/synthetic-rubber-market-102144

Styrene-butadiene rubber (SBR):

 SBR is a versatile synthetic rubber that is commonly used in tires, footwear, and industrial goods. It offers good abrasion resistance and aging stability.

Polybutadiene rubber (BR):

BR is known for its high resilience and excellent resistance to wear and tear. It is often used in tire manufacturing and other applications that require durable rubber.

Nitrile rubber (NBR):

NBR is resistant to oil, fuel, and chemicals, making it suitable for applications in the automotive and industrial sectors, such as gaskets, seals, and hoses.

Ethylene propylene diene monomer (EPDM):

EPDM rubber is known for its excellent weather resistance, making it suitable for outdoor applications such as roofing, automotive parts, and electrical insulation.

Chloroprene rubber (CR):

CR, also known as neoprene, has good resistance to both heat and chemicals, making it useful for applications where these properties are required, such as wetsuits, gloves, and industrial components.

Polychloroprene (CR):

Polychloroprene rubber is used for various applications that require resistance to oil, chemicals, and heat, making it suitable for hoses, belts, and industrial products.

Fluoroelastomers (FKM):

FKM rubber has exceptional resistance to heat, chemicals, and solvents. It's commonly used in applications where extreme conditions are encountered, such as aerospace, automotive, and industrial applications.

Silicone rubber:

Silicone rubber is known for its high-temperature resistance and flexibility over a wide temperature range. It's often used in medical, automotive, and electronic applications.

The synthetic rubber industry plays a vital role in various sectors of the economy, including automotive, construction, aerospace, electronics, healthcare, and more. It has helped meet the demand for rubber-like materials with specific properties, enabling advancements in technology and improving the performance and durability of various products.

Environmental considerations have led to increased efforts in developing sustainable and eco-friendly synthetic rubber production methods, including the use of bio-based feedstocks and more efficient manufacturing processes.