Solution Styrene Butadiene Rubber (S-SBR) Market 2018-2026 Market Report - Recent Trends and Growth Opportunities | Industry Players: Asahi Kasei Corporation, The Goodyear Tire & Rubber Company, Taiwan Synthetic Rubbers, Dow Chemical Company, Tianjin Luga

The Solution Styrene Butadiene Rubber (S-SBR) market is anticipated to reach over USD 6.2 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the automotive tire segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

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The growing automotive industry, rapid industrialization, and modernization of vehicles drive the growth of this market. The growth in global automotive industry and increasing average life of vehicles has resulted in Solution Styrene Butadiene Rubber Market market growth. The growing need for improved fuel efficiency and reduced rolling resistance accelerates the demand for automotive tires. Other driving factors include rising applications in footwear and sports industries, and increasing use in polymer modification applications. Increasing demand from developing nations, and technological advancements is expected to provide numerous growth opportunities to the market players during the forecast period.

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing demand for automotive in the region coupled with rising disposable income drives the Solution Styrene Butadiene Rubber market growth in the region. The rapid industrialization in China, Japan, and India, along with significant improvement in living standards would support Solution Styrene Butadiene Rubber market growth during the forecast period. The introduction of stringent government regulations regarding use of eco-friendly tires, and modernization of vehicles would boost the market growth.

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The key players operating in the Solution Styrene Butadiene Rubber market include Bridgestone Corporation, Asahi Kasei Corporation, The Goodyear Tire & Rubber Company, Taiwan Synthetic Rubbers, Dow Chemical Company, Tianjin Lugang Petroleum and Rubber, Dynasol Elastomers, Polimeri Europa, China National Petroleum Corporation, and Trinseo S.A. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Solution Styrene Butadiene Rubber Market Size and Forecast by Region, 2018-2026

Key Findings

• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
• Middle East & Africa

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

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