Artificial Intelligence
Synthetic Rubber Market Size & Share to Surpass $56.0 Bn by 2028 | Vantage Market Research
WASHINGTON, Nov. 22, 2022 (GLOBE NEWSWIRE) — Global Synthetic Rubber Market is valued at USD 39.3 billion in 2021 and is projected to reach a value of USD 56.0 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 6.10% over the forecast period 2022-2028.
One of the most significant economic segments is the Synthetic Rubber Market, and in the years to come, growth in this area is predicted to be steady. Although the industry is prone to volatility, a variety of factors could impact its development or decline. This report provides a thorough overview of the sector by examining current trends and future prospects. Additionally, it offers information on the major market participants and their expansion plans.
The report provides an in-depth analysis of manufacturers and suppliers worldwide, as well as their current situation and potential for the future. It also offers information on demand-side elements, such as advancing technology, rising investment demands, and new rules, that are influencing the demand for Synthetic Rubber Market globally.
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Top Players in the Global Synthetic Rubber Market
- Asahi Kasei Corporation
- The Dow Chemical Company
- DuPont
- LANXESS AG
- Exxon Mobil Corporation
- Dynasol Elastomers S.A.
- TSRC Corporation
- Versalis S.p.A.
- Sumitomo Chemical Co., Ltd.
- KUMHO PETROCHEMICAL
- China National Petroleum Corporation (CNPC)
- China Petroleum & Chemical Corporation (Sinopec Corporation)
Market Overview
According to Vantage Market Research, the automobile industry has seen substantial growth worldwide, encouraging growth. Synthetic rubber’s great abrasion resistance and excellent aging stability is frequently used in automotive parts like tires, doors, window profiles, belts, and gaskets. Additionally, the market is growing due to the increased use of styrene-butadiene rubber (SBR) in tire manufacture due to the benefits offered by synthetic rubber-like resistance to alcohol, silicone oil, grease, water, and weak acids. In addition, it is projected that the widespread use of electric vehicles (E.V.s) and the advent of bio-based feedstock for synthetic rubber will further propel the market.
We forecast that styrene butadiene rubber in Synthetic Rubber Market sales will account for more than 30% of total sales by 2028. Its low cost and popularity over natural rubber are credited with the rise. The high product consumption is seen in the haul-off pads, belting, roll coverings, cutting boards, and insulation for wire and cable.
The largest market share for synthetic rubber is held by China, which manufactures a different variety of tires and non-automotive goods than any other country. The growth is also attributed to the rising demand from the construction industry for nitrile rubber and styrene-butadiene rubber.
Market Dynamics
Demand from the Automotive Industry is Growing:
The market will develop due to the rising demand from the automotive industry for synthetic rubber. Synthetic rubber is favored in the automobile sector due to abrasion and temperature resistance. The excellent anti-slip properties of artificial rubber make it ideal for use in vehicle pedals and interior flooring mats. Additionally, it is anticipated that the growing demand for automobiles on a global scale will increase product consumption, especially since rubber products are used to manufacture various bikes and cars. The demand for the product will increase during the forecast period due to the fast expansion of the automotive industry and rising R&D activities.
Growing Preference for Environmentally Friendly Tyres:
Environmentally friendly tires are increasingly in demand as a result of worries about the state of the environment. Due to strict regulations in Europe and North America, tire manufacturers are concentrating on creating high-performance, environmentally friendly tires. The demand for synthetic rubber has increased recently as more manufacturer initiatives have centered on creating environmentally friendly tires.
Increasing Aerospace Industry Growth:
The aircraft industry is one of the main end-use sectors driving demand for synthetic rubber. The aerospace industry, including spaceflight and aviation, depends heavily on rubber. Heat shields, adhesives, and seals have all been made with synthetic rubber, sometimes known as silicone. The development and refinement of several varieties of synthetic rubber have led to industrial growth. Thermal insulation, LED gaskets and seals, O-rings, window and door seals, vibration dampening, and other parts and components require synthetic rubber. Growing aircraft sector expansion is anticipated to increase demand for synthetic rubber in the coming years.
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Top Trends in Global Synthetic Rubber Market
- One trend that Vantage Market Research (VMR) expects to see in the Synthetic Rubber Market industry is an increased demand from the automotive sector. Synthetic rubber is preferred in the automotive industry due to its abrasion and temperature resistance properties. Synthetic rubber prevents slipping, making it perfect for use in car pedals and interior floor mats. It is used in hoses, O-rings and gaskets, doors, floors and window profiles, and belts. It is also commonly utilized in applications involving tires. Furthermore, due to the rapidly growing automotive industry and rising R&D activities, demand for the product will rise over the forecast period.
- Another trend that VMR predicts will continue in the Synthetic Rubber Market industry is an increased demand for synthetic rubber from the construction industry. The future demand for synthetic rubber is anticipated to be impacted by rapid industrialization, rising personal income, and manufacturing output from the construction industry. The product is used for many different things, including pipes, sealants, roofing membranes, and adhesives. Furthermore, it is anticipated that rising industrial product production and demand will influence the market for Synthetic Rubber Market globally in the upcoming years.
Top Report Findings
- Based on form, the solid category held the largest revenue share in the Synthetic Rubber Market. Solid synthetic rubber makes up the tire and its parts. One factor that would support market growth is the automotive industry’s rapid expansion and improvements in solid synthetic rubber tires. Conveyor belts, industrial mats, gloves, wires and cables are other items of solid synthetic rubber that are included in the industrial rubber goods category. The market will grow due to the increasing product demand in these applications.
- Based on type, the majority of the Synthetic Rubber Market’s revenue is controlled by synthetic rubber, known as styrene butadiene rubber (SBR). It gives thermal aging and is easily processed. SBR is abrasion-resistant as well. SBR is frequently combined with natural rubber during the production of car tires. It is also used to make gaskets, floor tiles, hoses, adhesives, conveyor belts, and footwear.
- Based on the end user industry, the transportation sector dominated the Synthetic Rubber Market, and this trend is anticipated to continue. The transportation industry is the main consumer of synthetic rubber used to create tires. With its strength, elasticity, and flexibility, synthetic rubber is perfect for making products used in transportation. As investments in the automotive, aerospace, marine, and other industries increase, it is projected that the need for synthetic rubber will increase as well.
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Top 10 Players Generates More Than 45% of the Global Synthetic Rubber Market Revenue
The report also found that the largest players in the Synthetic Rubber Market are technology providers such as Asahi Kasei Corporation, The Dow Chemical Company, DuPont and LANXESS AG. These companies are expected to benefit from increased demand for their products and services, as well as growing investments in new mines. Other major players include Exxon Mobil Corporation, Dynasol Elastomers S.A., TSRC Corporation, Versalis S.p.A., Sumitomo Chemical Co., Ltd., KUMHO PETROCHEMICAL, China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec Corporation) and other. As per latest report published by Vantage Market Research, top 10 companies are responsible for generating more than 45% revenue of the market.
Styrene Butadiene Rubber Category in Synthetic Rubber Market to Generate Over 30% Revenue
Synthetic Rubber Market is an expensive investment. Vantage Market Research has analyzed the market for Synthetic Rubber Market to understand its current state and potential future growth factors. For better understanding, based on type Synthetic Rubber Market is divided into acrylic rubber (ACM), butadiene rubber (B.R.), styrene-butadiene rubber (SBR), butyl rubber (IIR), ethylene propylene diene monomer (EPDM), fluoroelastomers (FKM)/Viton, isoprene rubber (I.R.), nitrile rubber (NBR), polychloroprene (C.R.)/neoprene, polysulfide rubber (PSR), silicone rubber (SIR), and others.
The styrene butadiene rubber (SBR) category is anticipated to have the largest share in Synthetic Rubber Market over the forecast period. This can be attributed to SBR’s low cost and high abrasion resistance, making it very useful in industries like footwear, healthcare, architecture, and construction. Its low price and popularity over natural rubber are also associated with the increase. Cutting boards, belting, roll coverings, haul-off pads, and wire and cable insulation are products with high product consumption.
On the other hand, the ethylene propylene diene monomer (EPDM) category is anticipated to grow significantly over the forecast period. The most widely used and practical type of synthetic rubber is EPDM, which has a wide range of applications, including insulators, radiator and heater hoses, diaphragms, window and door seals, wire and cable connectors, and more. This rubber is extremely heat and oxidation resistant. At temperatures as high as 150 degrees, it is unbreakable. It also gives decent resistance to moisture and dampness. The roofing material EPDM is also used to stop leaks.
Browse market data Tables and Figures spread through 148 Pages and in-depth TOC on Synthetic Rubber Market Forecast Report (2022-2028).
Global Synthetic Rubber Market Segmentation
By Form Type
- Solid
- Liquid
By Type
- Acrylic Rubber (ACM)
- Butadiene Rubber (B.R.)
- Styrene Butadiene Rubber (SBR)
- Butyl Rubber (IIR)
- Ethylene Propylene Diene Monomer (EPDM)
- Fluoroelastomers (FKM)/Viton
- Isoprene Rubber (I.R.)
- Nitrile Rubber (NBR)
- Polychloroprene (C.R.)/Neoprene
- Polysulfide Rubber (PSR)
- Silicone Rubber (SiR)
- Others
By End Use Industry
- Transportation
- Building and Construction
- Medical
- Textile & Apparel
- Food & Beverage
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Scope of the Report:
| Report Attributes | Details |
| Market Size in 2021 | USD 39.3 Billion |
| Revenue Forecast by 2028 | USD 56.0 Billion |
| CAGR | 6.1% from 2022 to 2028 |
| Base Year | 2021 |
| Forecast Year | 2022 to 2028 |
| Key Players | Asahi Kasei Corporation, The Dow Chemical Company, DuPont, LANXESS AG, Exxon Mobil Corporation, Dynasol Elastomers S.A., TSRC Corporation, Versalis S.P.A., Sumitomo Chemical Co. Ltd., KUMHO PETROCHEMICAL, China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec Corporation) |
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BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.
After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Artificial Intelligence
Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost
SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.
“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
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Artificial Intelligence
Malaysia Data Center Market to Witness $3.97 Billion Investment Opportunities by 2029, Get Insights on 34 Existing Data Centers and 33 Upcoming Facilities across Malaysia – Arizton
CHICAGO, April 18, 2024 /PRNewswire/ — According to Arizton’s latest research report, the Malaysia data center market is growing at a CAGR of 13.92% during the forecast period.
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Malaysia Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 3.97 Billion (2029)
Market Size (Area)
883 Thousand Sq. Feet (2029)
Market Size (Power Capacity)
163 MW (2029)
CAGR Investment (2023-2029)
13.92 %
Colocation Market Size (Revenue)
USD 1.23 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
Over the next few years, Malaysia is poised to witness significant growth in data center investments, driven by the influx of operators like AirTrunk, Equinix, Princeton Digital Group, and other leading companies. Key hubs like Cyberjaya, Kuala Lumpur, and Johor Bahru are expected to see heightened activity, hosting most of the country’s data centers.
The wholesale colocation sector is projected to experience a revenue surge fueled by major cloud players like Microsoft, Google, and AWS. These companies have unveiled plans to establish dedicated cloud regions within Malaysia, with expected timelines for deployment within the next one to two years. This trend underscores Malaysia’s growing importance as a regional hub for data infrastructure and cloud services.
Malaysia is among the top expensive markets globally for developing data centers. Malaysia’s data center construction cost in 2023 stood at about $8.5-$10 million per MW, making it the costliest market in the APAC region after Singapore and Jakarta.
Investment Opportunities in the Malaysia Data Center Market
In November 2023, ST Telemedia Global Data Centres announced its plans to develop a new data center campus in Johor. The construction of the first building is likely to begin soon and become operational by 2025. The company formed a joint venture with Basis Bay to develop a new data center campus with two buildings, Cyberjaya DC.2 and STT Kuala Lumpur 1 in Cyberjaya, Selangor.In October 2023, EDGNEX Data Centres by DAMAC announced its plans to enter the APAC market for the first time; the company is considering a facility in Cyberjaya, Selangor. The expected investment can cross the $52 million mark.In October 2023, Infinaxis Data Centre Holdings, the joint venture between Gaw Capital Partners and A3 Capital, announced the construction of its first data center facility in Cyberjaya. The facility will have 10 data halls and will likely be operational by Q2 2025.In September 2023, EdgeConneX announced its plans to expand its footprint in Malaysia with the development of three data centers sites across Bukit Jalil, Kuala Lumpur, and Cyberjaya. The company plans to develop data centers in partnership with Cyberview.To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Market Trends
According to IRENA, in 2022, hydroenergy accounted for around 69% of the renewable energy capacity in Malaysia, followed by solar energy, which contributed about 21%, along with a 10% contribution by bioenergy.Malaysia aims to achieve the target of net-zero carbon emissions by 2050. To make this goal a reality, WWF-Malaysia is partnering with Boston Consulting Group to develop an independent joint study on the country’s optimal net zero pathway.The government of Malaysia has established a green tariff scheme to support its carbon-neutrality target. Under the scheme, subscribers can get electricity from solar or hydro sources instead of fossil fuel sources.Mergers, acquisitions, joint ventures, and partnerships are key strategies employed by operators to expand their portfolios and global footprint. For example:
In December 2023, Chindata Group merged with BCPE Chivalry Merger Sub, a wholly owned subsidiary of BCPE Chivalry Bidco, completing its transition to a private company from a public one.November 2023 saw ST Telemedia Global Data Centres, in a joint venture with Basis Bay, announcing plans to develop a new data center campus with two buildings in Cyberjaya, Selangor.A3 Capital and Gaw Capital Partners formed a joint venture in February 2023 to establish Infinaxis Data Centre Holdings to develop and operate data centers across Malaysia and Southeast Asia.MN Holdings, an engineering services and solutions company, signed a Memorandum of Understanding (MoU) in April 2023 with Shanghai DC-Science, outlining an investment of approximately $600 million to develop a data center site at the Sedenak Tech Park, Johor.Why Should You Buy This Research?
Market size is available regarding investment, area, power capacity, and Malaysia colocation market revenue.An assessment of the data center investment in Malaysia by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing Malaysia data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in MalaysiaFacilities Covered (Existing): 34Facilities Identified (Upcoming): 33Coverage: 9 LocationsExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in MalaysiaColocation Market Revenue & Forecast (2023-2029)Wholesale vs. Retail Colocation Revenue (2023-2029)Retail Colocation PricingWholesale Colocation PricingThe Malaysia data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.Buy this Research @ https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Post-Purchase Benefit
1hr of free analyst discussion10% off on customizationThe Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsSwitches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC and CRAHChillersCooling Tower and Dry CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesBuilding & Engineering DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IV GeographySelangorJohorOther StatesVendor Landscape
IT Infrastructure Providers
Cisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseHuawei TechnologiesIBMInspurLenovoNetAppData Center Construction Contractors & Sub-Contractors
Advance Power EngineeringAsima ArchitectsAVO TechnologyB-Global TechCTC-GlobalCSF GroupCyclect GroupDSCO GroupGamudaGCM TechnologiesHSS EngineersISGKienta Engineering ConstructionLSK EngineeringMES GroupM+W Group (Exyte)MN HoldingsNakanoNTT FACILITIESPowerware SystemsS5 EngineeringShaw ArchitectSunway Construction GroupUnique CentralSupport Infrastructure Providers
ABBCaterpillarCumminsEatonFuji ElectricHITEC Power ProtectionKOHLER PowerLegrandMitsubishi ElectricNarada Power SourcePiller Power SystemsRittalRolls-RoyceSchneider ElectricSiemensSocomecSTULZTraneVertivData Center Investors
Bridge Data CentresEdge CentresGDS ServicesIRIX (PP TELECOMMUNICATION)Keppel Data CentresNTT DATAOpen DCTM OneVantage Data CentersYTL Data Center HoldingsNew Entrants
AirTrunkAmazon Web Services (AWS)EdgeConneXEquinixFutureData (Cyclect Group + TSG Group)Googlei-BerhadInfinaxis Data Centre HoldingsMN Holdings + Shanghai DC-ScienceMicrosoftNEXTDCPrinceton Digital GroupRegal OrionSingtelST Telemedia Global Data CentresYondrTo Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Key Questions Answered in the Report:
What factors are driving the Malaysian data center industry?
How big is the Malaysia data center market?
How many MW of power capacity will be added across Malaysia during 2024 to 2029?
What is the growth rate of the Malaysia data center market?
Which states are included in the Malaysia data center market report?
Get the Detailed TOC @ https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
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