Global Styrene Butadiene Rubber Market Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth Rate And Forecast 2021-2027


Posted October 29, 2021 by kenresearchcompany

Global Styrene Butadiene Rubber Market , Growth Rate, key players providing information such as product specification, price, cost, capacity, revenue, CAGR status and regions.
 
Styrene-butadiene rubber or SBR is a synthetic, processed rubber with the highest volume. This type of rubber is usually used to manufacture various products & parts of a product for instance car tires, driving couplings, shoe soles, automatic & mechanical rubber equipment or part of a machine, etc. Additionally, key properties of styrene-butadiene rubber account for its growing demand & usages like good aging ability, excellent heat resistance & wear resistance, low rolling resistance and abrasion resistance.

The global styrene-butadiene rubber market is growing faster due to its higher energy savings and lower fuel consumption, which favors the principle of sustainability. The global rubber market, in which styrene-butadiene rubber has a significant share, is growing at a higher CAGR over the forecast period, which is expected to drive demand for styrene-butadiene rubber in the next few years.

Referring to the study, ‘Global Styrene Butadiene Rubber (SBR) Market, 2021-2027’ the key companies operating in the global SBR market include LG Chem Ltd., Asahi Kasei Corporation, Sumitomo Chemical Asia Pte Ltd., Arlanxeo Holding B.V., Versalis S.p.A., Kumho Petrochemical Co., Ltd., China Petroleum & Chemical Corporation, Trinseo S.A. and among others. Key market players regularly adapt to new strategies and market scenarios in order to publicize the development of the styrene butadiene rubber market. The major market players are collaborating with several companies to continue their research on the expansion of the market. In addition, large companies tend to take over smaller companies and companies to expand their business.

Based on product type, styrene butadiene rubber market can be segregated as solution SBR and emulsion SBR. Emulsion SBR segment dominates the global market owing to wide arena of applications like in food contact & pharmaceutical articles, footwear, flooring adhesives, tires, and light-colored mechanical goods. In addition, based on application type, market can be segregated as footwear, adhesive, tire and polymer modification.

Rise in demand from the new automobile as well as replacement tires, followed by increase in application of styrene-butadiene rubber in different industries, rise in demand in emerging economies and increase in use of low rolling-resistance tires for reducing the fuel consumption are some major factors, which are responsible for growth of the styrene butadiene rubber market. Apart from this, strict regulatory implications to regulate the industry and limited application of styrene-butadiene may impact the market. Moreover, increase in need for lighter vehicles and rise in demand for synthetic rubber in various industries are leading opportunities for market.

Based on regional analysis, the Asia-Pacific region dominates the global styrene butadiene rubber market owing to growth in automobile industry and highest number of emerging economies across the region. The Europe and North-America regions are estimated to witness higher growth rate due to increase in awareness regarding environmental protection, growth in footwear industry coupled with surge in tire manufacturing industry over the forecast period. It is projected that future of the global styrene butadiene rubber market will be bright on account of increase in usage of natural rubber and SBR crossover products during the forecast period.

For More Information, refer to below link:-

Global Styrene Butadiene Rubber (SBR) Market Growth Rate, 2021-2027

Related Reports

Global Polymerized Styrene Butadiene Rubber Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Styrene-Butadiene Rubber (SBR) Industry Outlook in China to 2022 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

[email protected]

+91-9015378249
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Ken Research
Phone +91-9015378249
Country India
Categories Business
Tags global styrene butadiene rubber market analysis , global styrene butadiene rubber market growth , global styrene butadiene rubber market revenue , global styrene butadiene rubber market share , global styrene butadiene rubber market size , global styrene butadiene rubber market trends , global styrene butadiene rubber market , styrene butadiene rubber market
Last Updated October 29, 2021