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US Styrene-Butadiene Rubber (SBR) Market to see Rapid Growth by 2025

06-11-2022 03:38 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

US SBR market is expected to have a significant CAGR during the forecast period. The country is one of the major consumers of SBR and products manufactured by it, which is a major factor for augmenting the market. Major application of SBR includes vehicle component manufacturing, tiers manufacturing, footwear and so on. A significant application of SBR can be found in other applications also; including medical gloves, airplane components and tiers and so on. In the US, the automotive sector is creating most of the demand for SBR, due to the application of SBR in tiers. As per the International Organization of Motor Vehicle Manufacturers, the country has produced about 11.3 million vehicles in 2018, out of which around 75% are commercial vehicle and 25% are passenger cars. It creates a significant market in the country as the average number of tiers in commercial vehicles is more as compared to a passenger car. Some of the restraint to the market include downfall in the vehicle sales in the country and fluctuating prices of rubber at the international market.

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The US SBR market is segmented on the basis of type and end-user. By type, the market is further segmented into Emulsion SBR and Solution SBR. Solution SBR is expected to have a significant market growth during the forecast period. By end-user, the market is segmented into automobile components, industrial application, footwear, household, and others. The automobile component will the major market share during the forecast period.

A full Report of US Styrene-Butadiene Rubber (SBR) Market is Available @ https://www.omrglobal.com/industry-reports/us-styrene-butadiene-rubber-market

US Styrene-Butadiene Rubber (SBR) Market Segmentation

By Type

· Solution SBR

· Emulsion SBR

By End-User

· Automobile component

· Industrial Application

· Footwear

· Household

· Others (Electronics)

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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