South Korea Synthetic Rubber Market, Volume ,

south korea is one of the leading producers and consumers of synthetic rubber in the world. synthetic rubber is a man-made polymer that is used as a substitute for natural rubber in various applications. it is produced through the polymerization of monomers such as styrene, butadiene, and isoprene. the demand for synthetic rubber in south korea has been consistently on the rise in recent years. in 2019, the country consumed a total of xxx kilotons of synthetic rubber, which is expected to further increase in the next decade. the growth in demand can be attributed to the rapid industrialization and economic development in the country, which has led to an increasing number of end-use industries for synthetic rubber. one of the major end-use industries for synthetic rubber in south korea is the automotive industry. the country is home to some of the largest automobile manufacturers in the world, such as hyundai and kia. these companies use synthetic rubber in the production of tires, belts, hoses, and other automotive components, thus driving the demand for synthetic rubber in the country. another significant factor contributing to the demand for synthetic rubber in south korea is the increasing demand for consumer goods and appliances. synthetic rubber is widely used in the production of various household products such as gloves, conveyor belts, and seals. the flourishing electronic and electrical industries in the country have also led to a rise in the demand for synthetic rubber for the production of wires, cables, and insulation materials. moreover, the construction industry in south korea is also a significant end-user of synthetic rubber. the country has been witnessing substantial growth in its infrastructure sector, with various projects being undertaken for the development of roads, bridges, and buildings. synthetic rubber is used in the construction of roads as a binder in asphalt, and in the production of industrial and commercial flooring materials. in conclusion, the demand for synthetic rubber in south korea has been on an upward trend and is expected to continue growing in the coming years. with the country’s robust manufacturing sector and increasing investments in infrastructure projects, the demand for synthetic rubber is likely to witness a steady rise, creating further opportunities for the growth of the market.