DUBLIN: US synthetic rubber demand had fallen 5% in recent times but could rebound as economy recovers, according to a new report from ResearchandMarkets.com titled ‘Analyszing the Market for Synthetic Rubber in US 2012.’
Synthetic rubber is a competitor to natural rubber, is durable and flexible.Since it is the next best alternative to natural rubber, it makes up for two-third of all of rubber utilized nation-wide. Due to this factor the industry is likely to remain upbeat in the coming times.
While the prices of raw materials will remain volatile over the next five years, demand from the industry’s key buying markets is expected to rebound as the economy recovers. Furthermore, demand for resins and synthetic rubber will be driven by stronger industrial production and construction activity. Finally, a recovery in automobile manufacturing will stimulate modest growth. Key product groups include thermosetting resins, thermoplastic resins and synthetic rubber. Raw material inputs are sourced from other components of the chemical industry as well as from those industries involved in the production of petroleum-based feedstock.
Source: Rubber Country
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