Growth in Automobile Industry Anticipated to Drive Global Styrene Butadiene Rubber Market

Styrene-butadiene rubber or SBR is a synthetic, processed rubber with the highest volume. This type of rubber is usually used to manufacture various products & parts of a product for instance car tires, driving couplings, shoe soles, automatic & mechanical rubber equipment or part of a machine, etc. Additionally, key properties of styrene-butadiene rubber account for its growing demand & usages like good aging ability, excellent heat resistance & wear resistance, low rolling resistance and abrasion resistance.

The global styrene-butadiene rubber market is growing faster due to its higher energy savings and lower fuel consumption, which favors the principle of sustainability. The global rubber market, in which styrene-butadiene rubber has a significant share, is growing at a higher CAGR over the forecast period, which is expected to drive demand for styrene-butadiene rubber in the next few years.

For more information @ https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/styrene-butadiene-rubber/434088-101.html

Referring to the study, ‘Global Styrene Butadiene Rubber (SBR) Market, 2021-2027’ the key companies operating in the global SBR market include LG Chem Ltd., Asahi Kasei Corporation, Sumitomo Chemical Asia Pte Ltd., Arlanxeo Holding B.V., Versalis S.p.A., Kumho Petrochemical Co., Ltd., China Petroleum & Chemical Corporation, Trinseo S.A. and among others. Key market players regularly adapt to new strategies and market scenarios in order to publicize the development of the styrene butadiene rubber market. The major market players are collaborating with several companies to continue their research on the expansion of the market. In addition, large companies tend to take over smaller companies and companies to expand their business.

Based on product type, styrene butadiene rubber market can be segregated as solution SBR and emulsion SBR. Emulsion SBR segment dominates the global market owing to wide arena of applications like in food contact & pharmaceutical articles, footwear, flooring adhesives, tires, and light-colored mechanical goods. In addition, based on application type, market can be segregated as footwear, adhesive, tire and polymer modification.

Click here @ https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/styrene-butadiene-rubber/434088-101.html

Rise in demand from the new automobile as well as replacement tires, followed by increase in application of styrene-butadiene rubber in different industries, rise in demand in emerging economies and increase in use of low rolling-resistance tires for reducing the fuel consumption are some major factors, which are responsible for growth of the styrene butadiene rubber market. Apart from this, strict regulatory implications to regulate the industry and limited application of styrene-butadiene may impact the market. Moreover, increase in need for lighter vehicles and rise in demand for synthetic rubber in various industries are leading opportunities for market.

Based on regional analysis, the Asia-Pacific region dominates the Global Styrene Butadiene Rubber Market owing to growth in automobile industry and highest number of emerging economies across the region. The Europe and North-America regions are estimated to witness higher growth rate due to increase in awareness regarding environmental protection, growth in footwear industry coupled with surge in tire manufacturing industry over the forecast period. It is projected that future of the global styrene butadiene rubber market will be bright on account of increase in usage of natural rubber and SBR crossover products during the forecast period.

For More Information, refer to below link:-

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/styrene-butadiene-rubber/434088-101.html

Related Reports

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/polymerized-styrene-butadiene/333010-101.html

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/styrene-butadiene-china/172804-101.html

Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research offers various market research reports covering statistics on market size, competition, market share, future analysis, Market Research industry, and other parameters.

This release was published on openPR.