Synthetic Rubber Market by Type, Application and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023

Pages: 168

SKU: IRTNTR76201

Snapshot

Synthetic Rubber Market Forecast 2023-2027

The synthetic rubber market size is estimated to increase by USD 12.76 billion and grow at a CAGR of 5.67% between 2022 and 2027. Market growth hinges on several factors, including the heightened demand for tires propelled by the surging sales of electric vehicles, the rising need across diverse end-user sectors, and ongoing technological advancements and innovations in manufacturing processes. However, challenges loom, such as the displacement of rubber by polyurethanes in select applications, fluctuations in raw material prices impacting synthetic rubber production costs, and the stringent environmental regulations and health risks associated with the synthetic rubber manufacturing industry. Navigating these hurdles requires a strategic approach involving adaptation to changing market dynamics, proactive management of supply chain risks, and continued investment in research and development to foster sustainable solutions and ensure long-term viability in the competitive synthetic rubber market landscape.

What will be the size of the Synthetic Rubber Market During the Forecast Period?

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Market Dynamics and Customer Landscape

The industry is deeply influenced by various factors, such as the availability of raw materials like crude oil, coal, natural gas, and acetylene, which are crucial for the production of manmade rubber and artificial elastomers. Tensile strength, a key property, is essential for applications across industries, including passenger vehicles, heavy-duty vehicles, aerospace, construction, and electronic applications. Polymerization catalysts play a pivotal role in the synthesis of rubber compounds like butadiene rubber (BR) and styrene, used in tire manufacturing, hoses, and other applications. Additionally, advancements in technology have led to innovations like low rolling resistance tires aimed at reducing CO2 emissions and improving fuel efficiency in the rapidly growing electric vehicle (EV) market. Despite these advancements, challenges remain, such as the need for solutions like devulcanization to manage end-of-life tires and reduce environmental impact while ensuring high mileage and noise reduction in tire applications.

Key Market Driver

The burgeoning demand for tires, driven by the escalating sales of electric vehicles (EVs), stands as the primary catalyst propelling the market growth. The surge in EV adoption presents a significant opportunity for tire manufacturers, as electric vehicles necessitate specialized tire formulations to cater to their distinct efficiency and performance requirements compared to traditional internal combustion engine (ICE) vehicles. This trend fosters innovation in tire production, with manufacturers investing in optimizing neoprene compounds to engineer tires tailored to the unique characteristics of EVs. Furthermore, the continuous evolution of EV technology spurs research and development efforts across the automotive sector, including tire manufacturing. Consequently, the market is poised for expansion as tire manufacturers capitalize on the growing demand from the rapidly expanding EV market, driving advancements in tire technology to meet the evolving needs of electric vehicle owners.

Significant Market Trends

Growing demand for high-performance and eco-friendly tires is the primary trend shaping the growth of the market. The specialized tire requires the use of specific compounds that can provide desired performance, safety, and environmental properties. High-performance tires are designed for outstanding traction, handling, braking, and cornering. These tires require an advanced synthetic rubber compound that can provide enhanced grip and response in various road and weather conditions.

In addition, the formulation can be adjusted to achieve low rolling resistance, improving the vehicle's overall fuel efficiency. This is in line with global efforts to reduce carbon emissions and promote sustainability. As a result, the demand for eco-friendly and performance tires is encouraging tire manufacturers to work with suppliers to develop custom compounds that meet these criteria, which will further drive the growth of the market during the forecast period.

Major Market Challenge

The replacement of rubber with polyurethanes in some applications is a challenge that affects the growth of the market. The manufacturers may need to adjust their strategies to remain competitive and maintain market share. Competition from the polyurethane sector may encourage players to innovate and develop new formulations with improved properties and cost efficiency to remain relevant in certain applications such as automotive tires.

Additionally, polyurethane competes in different markets, mainly in applications where both materials offer similar properties. As polyurethane technology advances and becomes cheaper, it may attract customers who have traditionally used synthetic rubber. As a result, this impedes the growth of the global market during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Who are the Major Synthetic Rubber Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Von Bundit Co. Ltd.: The company offers synthetic rubber, such as Emulsion styrene butadiene rubber, for the manufacture of tires and technical rubber goods, such as conveyor belts, cables, industrial hoses, and anti-vibration parts for the automotive industry.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

This market report extensively covers market segmentation by type (solid and liquid), application (tire, automotive components, footwear, industrial goods, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Type

The solid segment is estimated to witness significant growth during the forecast period. Factors such as economic growth and raised manufacturing and industrial activities often lead to high demand for solid synthetic rubber. Solid synthetic rubber is widely used in industries such as automotive, construction, electronics, manufacturing, and consumer goods.

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The solid segment was the largest segment and was valued at USD 17.83 billion in 2017. Market players such as Exxon Mobil offer products such as butyl rubber and halo butyl rubber used in seals and gaskets that require good resistance to moisture, heat, and chemicals. Due to the wide range of products that are mainly used in many applications across all industries, this segment is expected to drive the growth of the global market during the forecast period.

Key Regions

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APAC is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Investment by car manufacturers in economies such as South Korea, Japan, China, and India and the establishment of production plants by Western manufacturers in emerging economies in this region, especially in India and China countries, is driving the growth of the market in the region.

Furthermore, infrastructure and construction development in the region and China's emergence as a global manufacturing hub are the driving factors for consumption in the region. Several market participants have made significant investments to meet end-user requirements, such as the automotive, construction, textile, and footwear sectors. The rapid growth of the footwear and construction industry in the APAC region also contributes to the growth of the market in the region. Hence, such factors are expected to drive market growth in this region during the forecast period.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Deployment Outlook
- Solid
- Liquid

Application Outlook
- Tire
- Automotive components
- Footwear
- Industrial goods
- Others

Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Market Analyst Overview

The market is experiencing substantial growth, driven by the increasing demand for electric vehicles (EV) and the automotive sector's transition towards low rolling resistance tires to reduce CO2 emissions. Key synthetic rubber types like Butadiene rubber (BR), Acrylonitrile, and Nitrile rubber play vital roles in producing various automotive components such as engine seals, dashboards, and vehicle pedals. Polymerization catalysts facilitate the production of synthetic rubbers, while additives like mastic adhesives and coatings enhance performance in extreme conditions. Concerns over environmental problems, including air pollution and hazardous impacts from incomplete combustion and fine particles like soot, drive the demand for solutions like Solution Styrene Butadiene Rubber (S-SBR) and Ethylene Propylene Diene Monomer (EPDM) with improved flame resistance and high mileage. Recycling programs are increasingly important for managing end-of-life tires and reducing environmental impacts.

Furthermore, the market is reshaping the automotive industry landscape, driving innovations in materials and technologies to reduce greenhouse gas emissions. With a focus on sustainability, manufacturers are increasingly utilizing synthetic materials like polybutadiene rubber and artificial elastomers for exterior filler panels, body seals, and vibration-damping pads to enhance durability and reduce greenhouse gas emissions. Adhesives used in brakes and spot sealers ensure reliable performance and safety in electronic applications, while abrasion resistance and temperature resistance are vital for tire applications and aerospace components. By incorporating anti-slip properties and insulation features into flooring mats and O-rings, EV manufacturers prioritize safety and comfort for passengers. As the EV market continues to expand, the demand for advanced materials and technologies like polybutadiene rubber and synthetic elastomers will rise to meet evolving industry standards and consumer expectations.

Synthetic Rubber Market Scope
Report Coverage	Details
Page number	168
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.67%
Market growth 2023-2027	USD 12.76 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	5.35
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 50%
Key countries	US, China, Japan, India, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Asahi Kasei Corp., Bridgestone Corp., China Petrochemical Corp., Dow Chemical Co., Eni SpA, Exxon Mobil Corp., JSR Corp., Lanxess AG, LG Electronics Inc., Michelin Group, Saudi Arabian Oil Co., Saudi Basic Industries Corp., Southland Holdings Inc., Sri Trang Agro Industry Plc, Sumitomo Chemical Co. Ltd., Synthos SA, Ube Corp., Von Bundit Co. Ltd., Kumho Tire Co. Inc., and Reliance Industries Ltd.
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
Precise estimation of the size of the market size and its contribution to the parent market
Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global synthetic rubber market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global synthetic rubber market 2017 - 2021 ($ million)

4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 Solid - Market size and forecast 2022-2027
- Exhibit 34: Chart on Solid - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Solid - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Solid - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Solid - Year-over-year growth 2022-2027 (%)

6.4 Liquid - Market size and forecast 2022-2027
- Exhibit 38: Chart on Liquid - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Liquid - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Liquid - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Liquid - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ million)
- Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

7.1 Market segments
- Exhibit 44: Chart on Application - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

7.2 Comparison by Application
- Exhibit 46: Chart on Comparison by Application
- Exhibit 47: Data Table on Comparison by Application

7.3 Tire - Market size and forecast 2022-2027
- Exhibit 48: Chart on Tire - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Tire - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Tire - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Tire - Year-over-year growth 2022-2027 (%)

7.4 Automotive components - Market size and forecast 2022-2027
- Exhibit 52: Chart on Automotive components - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Automotive components - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Automotive components - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Automotive components - Year-over-year growth 2022-2027 (%)

7.5 Footwear - Market size and forecast 2022-2027
- Exhibit 56: Chart on Footwear - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Footwear - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Footwear - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Footwear - Year-over-year growth 2022-2027 (%)

7.6 Industrial goods - Market size and forecast 2022-2027
- Exhibit 60: Chart on Industrial goods - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Industrial goods - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Industrial goods - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Industrial goods - Year-over-year growth 2022-2027 (%)

7.7 Others - Market size and forecast 2022-2027
- Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.8 Market opportunity by Application
- Exhibit 68: Market opportunity by Application ($ million)
- Exhibit 69: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 North America - Market size and forecast 2022-2027
- Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 China - Market size and forecast 2022-2027
- Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

9.9 US - Market size and forecast 2022-2027
- Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

9.10 Japan - Market size and forecast 2022-2027
- Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.11 India - Market size and forecast 2022-2027
- Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)

9.12 Germany - Market size and forecast 2022-2027
- Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ million)
- Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption

11.4 Industry risks
- Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 121: Vendors covered

12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification

12.3 Asahi Kasei Corp.
- Exhibit 123: Asahi Kasei Corp. - Overview
- Exhibit 124: Asahi Kasei Corp. - Business segments
- Exhibit 125: Asahi Kasei Corp. - Key news
- Exhibit 126: Asahi Kasei Corp. - Key offerings
- Exhibit 127: Asahi Kasei Corp. - Segment focus

12.4 Bridgestone Corp.
- Exhibit 128: Bridgestone Corp. - Overview
- Exhibit 129: Bridgestone Corp. - Business segments
- Exhibit 130: Bridgestone Corp. - Key news
- Exhibit 131: Bridgestone Corp. - Key offerings
- Exhibit 132: Bridgestone Corp. - Segment focus

12.5 China Petrochemical Corp.
- Exhibit 133: China Petrochemical Corp. - Overview
- Exhibit 134: China Petrochemical Corp. - Business segments
- Exhibit 135: China Petrochemical Corp. - Key offerings
- Exhibit 136: China Petrochemical Corp. - Segment focus

12.6 Dow Chemical Co.
- Exhibit 137: Dow Chemical Co. - Overview
- Exhibit 138: Dow Chemical Co. - Business segments
- Exhibit 139: Dow Chemical Co. - Key news
- Exhibit 140: Dow Chemical Co. - Key offerings
- Exhibit 141: Dow Chemical Co. - Segment focus

12.7 Exxon Mobil Corp.
- Exhibit 142: Exxon Mobil Corp. - Overview
- Exhibit 143: Exxon Mobil Corp. - Business segments
- Exhibit 144: Exxon Mobil Corp. - Key offerings
- Exhibit 145: Exxon Mobil Corp. - Segment focus

12.8 JSR Corp.
- Exhibit 146: JSR Corp. - Overview
- Exhibit 147: JSR Corp. - Business segments
- Exhibit 148: JSR Corp. - Key offerings
- Exhibit 149: JSR Corp. - Segment focus

12.9 Lanxess AG
- Exhibit 150: Lanxess AG - Overview
- Exhibit 151: Lanxess AG - Business segments
- Exhibit 152: Lanxess AG - Key offerings
- Exhibit 153: Lanxess AG - Segment focus

12.10 LG Electronics Inc.
- Exhibit 154: LG Electronics Inc. - Overview
- Exhibit 155: LG Electronics Inc. - Product / Service
- Exhibit 156: LG Electronics Inc. - Key offerings

12.11 Michelin Group
- Exhibit 157: Michelin Group - Overview
- Exhibit 158: Michelin Group - Business segments
- Exhibit 159: Michelin Group - Key news
- Exhibit 160: Michelin Group - Key offerings
- Exhibit 161: Michelin Group - Segment focus

12.12 Reliance Industries Ltd.
- Exhibit 162: Reliance Industries Ltd. - Overview
- Exhibit 163: Reliance Industries Ltd. - Business segments
- Exhibit 164: Reliance Industries Ltd. - Key news
- Exhibit 165: Reliance Industries Ltd. - Key offerings
- Exhibit 166: Reliance Industries Ltd. - Segment focus

12.13 Saudi Arabian Oil Co.
- Exhibit 167: Saudi Arabian Oil Co. - Overview
- Exhibit 168: Saudi Arabian Oil Co. - Product / Service
- Exhibit 169: Saudi Arabian Oil Co. - Key offerings

12.14 Saudi Basic Industries Corp.
- Exhibit 170: Saudi Basic Industries Corp. - Overview
- Exhibit 171: Saudi Basic Industries Corp. - Business segments
- Exhibit 172: Saudi Basic Industries Corp. - Key offerings
- Exhibit 173: Saudi Basic Industries Corp. - Segment focus

12.15 Sumitomo Chemical Co. Ltd.
- Exhibit 174: Sumitomo Chemical Co. Ltd. - Overview
- Exhibit 175: Sumitomo Chemical Co. Ltd. - Business segments
- Exhibit 176: Sumitomo Chemical Co. Ltd. - Key offerings
- Exhibit 177: Sumitomo Chemical Co. Ltd. - Segment focus

12.16 Synthos SA
- Exhibit 178: Synthos SA - Overview
- Exhibit 179: Synthos SA - Product / Service
- Exhibit 180: Synthos SA - Key offerings

12.17 Ube Corp.
- Exhibit 181: Ube Corp. - Overview
- Exhibit 182: Ube Corp. - Business segments
- Exhibit 183: Ube Corp. - Key offerings
- Exhibit 184: Ube Corp. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 185: Inclusions checklist
- Exhibit 186: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 187: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 188: Research methodology
- Exhibit 189: Validation techniques employed for market sizing
- Exhibit 190: Information sources

13.5 List of abbreviations
- Exhibit 191: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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