As per this study the Global Styrene-butadiene rubber Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated at XX KT in 2021 and is expected to reach XX KT by 2027 with a CAGR of XX%.
Styrene-butadiene rubber (SBR) is one of the cheapest synthetic elastomers that is sometimes used as a substitute in place of natural rubber. It can be manufactured by free-radical solution polymerization or by emulsion polymerization. They have application across drive couplings, conveyor belts, haul-off pads, shoe soles and heels, adhesives, and various other molded rubber goods.
The growing demand for high-performance tires from the automotive industries is the major factor fueling market growth. Also, rising demand for adhesives along with the increasing application footwear, construction, and polymer modification is further expected to fuel the market growth over the forecasted timeline. On the other hand, environmental concern is addressed as the key restraints that can curb the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of styrene-butadiene rubber.
The broad styrene-butadiene rubber market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Emulsion SBR
- Solution SBR
- Polymer Modification
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for styrene-butadiene rubber in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Styrene-Butadiene Rubber Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the styrene-butadiene rubber market includes Asahi Kasei Corporation, Bridgestone Corporation, China National Petroleum Corporation (CNPC), JSR Corporation, Kumho Petrochemical, LANXESS, LG Chem, Lion Elastomers, Michelin, Reliance Industries Limited, Shen Hua Chemicals, Sibur, Sinopec, Sumitomo Chemicals, Synthos S.A., Tianjin Lugang Petroleum Rubber Co., Ltd., Trinseo, TSRC Corporation, Versalis S.p.A., and Zeon Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.