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North American SBR Market to see Huge Growth by 2025

06-11-2022 01:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

North American SBR market is expected to show a significant CAGR during the forecast period. Increasing the application of SBR is expected to fuel the market growth in the region. SBR finds various applications in different industry verticals including automotive, footwear, manufacturing, and others. However, the unstable crude price at the international market is one of the major restraints to the market.

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SBR market is mainly dependent on the automotive industry of the region. As per the International Organization of Motor Vehicle Manufacturers, around 13.3 million vehicles were manufactured in 2018 in North American. The share of the production of commercial vehicles is much higher as compared to passenger vehicles in the region. The Goodyear Tire & Rubber Co. is one of the major companies working in SBR in the region. The company has a manufacturing unit in Houston with 250,000 tons per year capacity and in Beaumont with 125,000 tons per year capacity of SBR in the country.

North American SBR market is divided based on type and end-user. By type, the market is segmented into Solution SBR and Emulsion SBR. Solution SBR will have considerable market growth owing to the increasing demand for the high-performance tire in the region. By end-user, the market is further divided into automobile components, industrial application, footwear, household, and others. Automobile components will hold the major market share in the region. Geographically, the market is segmented into the US and Canada. The US is expected to have a major market share during the forecast period.

A full Report of North American SBR Market is Available @ https://www.omrglobal.com/industry-reports/north-american-sbr-market

North American SBR Market Segmentation

By Type

· Solution SBR

· Emulsion SBR

By End-User

· Automobile components

· Industrial Application

· Footwear

· Household

· Others (Electronics)

Regional Analysis

· The US

· Canada

Company Profiles

· ARLANXEO Holding B.V.

· Asahi Kasei Corp.

· Bridgestone Corp.

· JSR Corp.

· Kuraray Co., Ltd.

· LG Chem, Ltd.

· SABIC

· The Dow Chemical Co.

· The Goodyear Tire & Rubber Co.

· The Michelin Group

· Tosoh Corp.

· Ube Industries, Ltd.

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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