30-Jan-2020 | Market Research Store
The published report on “Global Styrene-butadiene Rubber (SBR) Market –By Product Type (Emulsion SBR and Solution SBR), By Application (Footwear, Automotive, Polymer Modification, Adhesives, and Others), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025.” exhibits the escalating demand for global market in 2018 was approximately USD 5 Billion. It is anticipated to reach around USD 10 Billion by 2025 with a CAGR of around 9%.
Browse Full Report 117 Market Data Tables and 46 Figures spread through 117 Pages and in-depth TOC on "Styrene-butadiene Rubber (SBR) Market (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here - https://www.marketresearchstore.com/report/global-styrene-butadiene-rubbersbr-market-report-2019-679746
Styrene-butadiene rubber (SBR)is one of the widely produced rubbers on the global platform. It is a synthetic polymer. Theco-polymerization of styrene and butadiene in a specific ratio results in styrene-butadiene rubber.
The rising personal disposable income of the consumers and growing urbanization in the developing countries willsupplement the growth of automobile industry which in turn, will boost the Styrene-butadiene Rubber (SBR) Market. The changing consumer lifestyle along with the high expenditure on modern commodity products will further enhance the consumption of SBR in other markets includingindustrial hoses, footwear, extruded rubber goods, non-tire automotive applications, and other consumer merchandises. The extensive use of tires in the automotive sector is the primary factor expected to drive the global Styrene Butadiene Rubber (SBR) market.
Furthermore, sturdy growth of the Styrene Butadiene Rubber (SBR) market in the U.S., mounting real GDP growth in some of the Asia Pacific countries, and the economic advancements made in the euro zone to support manufacturers’ incomes are some of the vital factors anticipated to support the growth of global Styrene Butadiene Rubber (SBR) market by the higher consumption of SBR in the automotive industry. In addition, SBR’s properties such as high resistance to abrasion and heat aging with low hot tear strengths when compared to other substitutes may further propel the market growth.
Emulsion SBR occupiesmajority of themarket share due to its superior properties. However, the Emulsion SBR is expected to have a drop in itsdemand to Solution SBR due to difficulty in meeting up to the specific requirements of the high-performance tires. In the Application, the Automotive segment will dominate the global Styrene Butadiene Rubber (SBR) market due to the rising demand for tires in the automotive sector.
Asia Pacific is the dominating region in the global Styrene Butadiene Rubber (SBR) market. There was slight decline in the overall market due to the decrease in its largest consumer, China. However, Northeast Asia,particularly Taiwan and Indian subcontinent is expected to exhibit significant growth during the forecast period.
However, the stringent regulations for the emission of toxic fumesanticipate affecting the SBR manufacturers and also hinder the growth of the global Styrene-butadiene Rubber (SBR) industry.
Some of the major players in the global Styrene-butadiene Rubber (SBR) market includeLANXESS, Sinopec, Kumho Petrochemical, Sibur, JSR Corporation, Trinseo, China National Petroleum Corporation (CNPC), Asahi Kasei Chemical Corporation, Eastman Chemical Corporation, and Ashland Inc.
The global Styrene-butadiene Rubber (SBR) market is segmented into:
Global Styrene-butadiene Rubber (SBR) Market: By Product Type
Global Styrene-butadiene Rubber (SBR) Market: By Application
Global Styrene-butadiene Rubber (SBR) Market: By Regions
About Us:
Market Research Store is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading publishers and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.
Contact Us:
Market Research Store
3422 SW 15 Street,Suit #8138,
Deerfield Beach,Florida 33442, USA
Tel: +1-386-310-3803GMT
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651