Global Styrene-Butadiene Rubber (SBR) Market: Information by Type (Emulsion SBR (E-SBR) and Solution SBR (S-SBR)), Application (Tires, Industrial, Footwear, Polymer Modification and Adhesives), Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2025
— Styrene-Butadiene Rubber Market Overview:
The global styrene-butadiene rubber market could cross more than USD 8 billion by 2025, stipulates Market Research Future (MRFR). It is slated to obtain a CAGR of over 6% during the forecast period (2019–2025).
Styrene-Butadiene Rubber Market Growth Boosters and Key Barriers:
Styrene-butadiene rubber (SBR) is generally used in similar applications as natural rubber/ isoprene rubber (NR/IR) elastomers. The primary applications of SBR are haul-off pads, drive couplings, shoe soles and heels, conveyor belts, roll coverings, adhesives, and car tires along with various types of molded rubber goods.
Some of the growth-inducing factors in the SBR market include the surge in automobile production and the mounting demand for electric cables insulation. These factors are backed by the rise in urbanization across various regions. This gives rise to the per capita disposable income, especially in the emerging nations, which could stimulate market growth from 2019 to 2025. Boost in the adoption rate, coupled with the growing consumption of SBR based adhesives and sealants within the construction industry could benefit the market to a great extent.
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Styrene-Butadiene Rubber Market Key Players:
Some of the leading vendors that contribute to the growth of the worldwide styrene-butadiene rubber market are;
• KUMHO PETROCHEMICAL (South Korea)
• China Petroleum & Chemical Corporation (China)
• JSR Corporation (Japan)
• Trinseo (U.S.)
• Bridgestone Corporation (Japan)
• LANXESS (Germany)
• Reliance Industries Limited (India)
• Versalis S.p.A. (Italy)
• Michelin Corporation (France)
• Sibur Holding PAO (Russia)
Styrene-Butadiene Rubber Market Segmentation:
The global styrene-butadiene rubber market has been divided into type and end-use.
The market, with respect to the type, is segmented into emulsion styrene-butadiene rubber, and solution styrene-butadiene rubber.
The end-user covered by the MRFR report are construction, automotive, adhesives & sealants, industrial, electrical & electronics, footwear making, and others.
Styrene-Butadiene Rubber Market Regional Analysis:
The key markets for styrene-butadiene rubber are Middle East & Africa (MEA), Europe, Latin America, Asia Pacific, and North America.
Given the widespread construction projects, Middle East & Africa could expect to be the leading market for SBR, followed by North America and Europe. The region’s prominent end-users for styrene-butadiene rubber are automotive, building & construction, consumer goods, electrical & electronics, and packaging, among others. Rising demand across these industries could favor market growth in MEA. Besides, with the aim to tap into the expanding SBR market, many companies are striving to establish operations in the region, in lieu of increasing customer base as well as growth potential.
In North America, the United States (U.S) and Mexico are touted to be the significant contributors in the market growth. The superlative market growth is the result of the surge in offshore and onshore activities coupled with rising innovations. Mexico is projected to display the strongest growth in Latin America, on account of the robust presence of automobile manufacturers.
Styrene-Butadiene Rubber Market Table of Content:
1 Executive Summary
2 Market Introduction
3 Market Insights
4 Research Methodology
5 Market Dynamics
6 Market Factor Analysis
7 Global Styrene-Butadiene Rubber (SBR) Market, By Type
8 Global Styrene-Butadiene Rubber (SBR) Market, By Application
9 Global Styrene-Butadiene Rubber (SBR) Market, By Region
10 Competitive Landscape
Styrene-Butadiene Rubber Market Table of Content to be Continue….,
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Name: Abhishek Sawant
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Organization: Market Research Future
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