Styrene Butadiene Rubber (SBR) Industry 2019
Description:-
The global Styrene Butadiene Rubber (SBR) market is anticipated to reach USD 14.74 billion by 2026.
Styrene Butadiene Rubber (SBR) is a synthetic rubber produced by the co-polymerization of butadiene and styrene. Global Styrene Butadiene Rubber (SBR) market demand is largely driven by the manufacturing of tire and related products. Automotive industry is the largest application segment for this synthetic rubber. Rapid growth in the manufacturing of crossover utility vehicles (CUV), SUVs, and battery electric vehicles (BEVs) have led to higher consumption of SBR in the manufacturing sector.
Get a Free Sample Report@ https://www.wiseguyreports.com/sample-request/3695804-styrene-butadiene-rubber-sbr-market-by-product-emulsion
For more information or any query mail at sales@wiseguyreports.com
Many other applications have also driven the demand for SBR substantially. Footwear, consumer products, industrial hoses, conveyor belts, automotive applications excluding tires, and extruded rubber goods are other applications that consume synthetic butadiene rubber for the end-product manufacturing.
Growing global population coupled with the increase in disposable incomes of consumers has led to growth of many end-use industries that have high consumption of SBR. Strong economic performance, consumer preference for modern & sustainable products such as electric vehicles, falling value of old diesel cars, and steady growth of many middle-income countries across the world are some of the vital growth forces for the end-use rubber industries.
SBR is of two types, emulsion SBR (ESBR) and Solution SBR (SSBR). Though ESBR accounted for the largest market share, but SSBR has witnessed momentum in the recent past. This is on account of the rising demand for low rolling-resistance tires to decrease carbon dioxide emissions and reduce fuel consumption. Moreover, SSBR has efficiently adapted to the growing stringent specifications of the high-performance tires.
The most significant growth regions with large consumption of SBR include Northeast Asia, mainly Taiwan and Indian subcontinent. The largest capacity additions in the period of 2012-17 were witnessed in Southeast Asia (Singapore and Thailand), South Korea, China, and Central Europe. Though China witnessed decline in the Styrene Butadiene Rubber (SBR) growth in past five years, but continues to be the largest consumer.
ESBR witnessed decline in most of the Styrene Butadiene Rubber (SBR) markets, including the United States, South Korea, Western Europe, Central Europe, and Japan, losing the market to SSBR. The global consumption of SSBR has witnessed a substantial increase in the past five years with faster capacity additions globally. The mature markets such as Japan, Canada, and Europe are anticipated to witness limited growth rate.
The global styrene butadiene rubber (SBR) market comprises of large number of market players. Some of the key SBR players include Sinopec, LANXESS, China National Petroleum Corporation (CNPC), Kumho Petrochemical, Sibur, JSR Corporation, Trinseo, Eastman Chemical Corporation, Asahi Kasei Chemical Corporation, and Ashland Inc.
Ask Query @ https://www.wiseguyreports.com/enquiry/3695804-styrene-butadiene-rubber-sbr-market-by-product-emulsion
Table Of Content – Major key Points
1. Overview and Scope
2. Executive Summary
3. SBR Market Insights
4. SBR Market Size and Forecast by Product, 2018-2026
5. SBR Market Size and Forecast by End-Use, 2018-2026
6. SBR Market Size and Forecast by Regions, 2018-2026
7. Company Profiles
Continued……
ABOUT US:
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of market research reports under these categories and sub-categories.
Media Contact
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349
City: Pune
State: Maharashtra
Country: India
Website: www.wiseguyreports.com