India Synthetic Rubber Market Size, Share, Trends | Outlook 2024-2032
IMARC Group has published a market research report titled "India Synthetic Rubber Market Report by Type (Styrene Butadiene Rubber, Ethylene Propylene Diene Rubber, Polyisoprene, Polybutadiene Rubber, Isobutylene Isoprene Rubber, and Others), Form (Liquid Synthetic Rubber, Solid Synthetic Rubber), Application (Tire and Tire Component, Non-Tire Automobile Application, Footwear, Industrial Goods, and Others), and Region 2024-2032" As per the study, the India synthetic rubber market is expected to continue its growth trajectory during the forecast period (2024-2032). 
The India synthetic rubber market is expanding rapidly, owing to the growing automotive sector and the increasing demand for long-lasting, high-performance tires. Besides this, the need for synthetic rubber, which provides greater wear resistance and longevity, is rising in tandem with the expansion in vehicle production and sales, particularly in the two-wheeler and passenger car segments. Additionally, the burgeoning construction sector, which relies on synthetic rubber for various applications such as sealing, insulation, and roofing, is further propelling the growth of the India synthetic rubber market. Moreover, the emphasis of the Indian government bodies on infrastructure development and modernization projects also stimulates the demand for synthetic rubber in construction and industrial applications.
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India Synthetic Rubber Market Trends and Drivers:
Another key driver propelling the growth of the India synthetic rubber market is the increasing need for eco-friendly and sustainable products. In addition, manufacturers are focusing on producing synthetic rubber with a lower environmental impact, aligning with global sustainability trends and consumer preferences for green products. Furthermore, the increasing investments in research and development (R&D) by key players to develop new grades of synthetic rubber for specific applications are broadening the market's scope. Meanwhile, the rising adoption of electric vehicles (EVs) in India is expected to create additional opportunities for synthetic rubber, particularly in the production of lightweight and energy-efficient tires. Apart from this, the combination of these factors is anticipated to sustain the robust growth of the India synthetic rubber market in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Styrene Butadiene Rubber
- Ethylene Propylene Diene Rubber
- Polyisoprene
- Polybutadiene Rubber
- Isobutylene Isoprene Rubber
- Others
Form Insights:
- Liquid Synthetic Rubber
- Solid Synthetic Rubber
Application Insights:
- Tire and Tire Component
- Non-Tire Automobile Application
- Footwear
- Industrial Goods
- Others
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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