Synthetic Rubber Production Cost Analysis 2021
Synthetic rubbers are the primary polymers synthesized from petroleum by-products. About 15 billion kilograms, or about 33 billion pounds, of rubber is manufactured annually, out of which two-thirds are synthetic. The global revenue generated by synthetic rubbers is likely to rise to approximately USD 56 billion by 2020. Synthetic rubber, like natural rubber, has several uses in the automotive industry for tyres, doors, window profiles, hoses, belts, matting, and floorings.
The expanded use of bicycles, and their pneumatic tyres, starting in the 1890s, created an increased demand for rubber. The first-ever rubber synthesized polymer from butadiene that was created was in the year 1910. It was created by the Russian scientist Sergei Vasiljevich Lebedev. This form of synthetic rubber offered the basis for the first large-scale commerical manufacturing by the Tsarist empire that occurred during World War I as a result of wartime shortages of natural rubber.
Procurement Resource provides an in-depth cost analysis of Synthetic Rubber production. The report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges. The study is based on the latest prices and other economic data available. We also offer additional analysis of the report with detailed breakdown of all cost components (Capital Investment Details, Production Cost Details, Economics for another Plant Location, Dynamic Cost Model).