Kumho Petrochemical Co., Ltd. together with Hankook Tire & Technology (Hankook Tire) announced to creation of environmentally friendly tires using Eco Solution-polymerized Styrene-Butadiene Rubber that increases tyres resistance to wear and fuel efficiency.
Lanxess AG teamed up with TotalEnergies for the supply of biocircular styrene which is mostly used in the food sector, for treating chemical process flows and effluent and also to meet the growing demand for sustainable solutions from consumers.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5380
Published Date: Nov 17, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rising spending in medical sector and the growing awareness regarding the safety of employees in the workplace are the major factors driving the growth of the market.
The market size of nitrile butadiene rubber (NBR) latex is anticipated to attain a CAGR of 11% over the forecast period, i.e., 2024-2036.
The major players in the market are Zeon Chemicals L.P., Lanxess AG, Nantex Industry Co., Ltd., Emerald Performance Materials, LLC, Versalis S.p.A., JSR Corporation, Dow Chemical Company, Eastman Chemical Company, PetroChina Company Limited, Sibur International GmbH, and ARLANXEO Holding B.V., Omnova Solutions Inc., Kumho Petrochemical Co., Ltd., LG Chem Ltd.
The medical segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.