Styrene Butadiene Rubber (SBR) Market Size, Share, Growth, Trends And Global Forecast 2023-2032

As per The Business Research Company's Styrene Butadiene Rubber (SBR) Opportunities And Strategies Market Report 2023, the global styrene butadiene rubber (SBR) market size will grow from $35.7 billion in 2022 to $37.79 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global styrene butadiene rubber (SBR) market size is expected to grow from $46.55 billion in 2027 at a CAGR of 5.4%.

Increased use of styrene butadiene rubber (SBR) market in tire manufacturing has contributed to the growth of the SBR market. Styrene-butadiene rubber is one of the key elements in tire manufacturing. Styrene and butadiene monomers are a blend of styrene and butadiene monomers that have natural rubber-like properties. Along with that, they have unique characteristics such as abrasion resistance, perfect impact strength, good resilience, and high tensile strength, which permit them to be suitable for high-end tire manufacturing. Growing sales of automobiles in recent years have led to increased use of SBR by the automobile industry. According to TrueCar Inc., an automotive pricing and information website for new and used car buyers, indicated that in September 2020, sales of new vehicles reached 1,221,092 units. This has led to an increased demand for SBR from the end-use industry, thus driving the styrene butadiene rubber (SBR) market.

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Major companies in the styrene-butadiene rubber industry are increasingly investing in artificial intelligence (AI) to enhance their decision-making abilities and thus drive profits. The companies in this industry gather huge amounts of raw data relating to the working of plants and other infrastructure through a large number of sensors placed across the production site. Using big data analytics, companies can detect sensible patterns, which can allow them to quickly react to unwanted changes or potential defects, thus saving costs. AI allows companies to make better operational decisions. Companies such as Zhongce Rubber Group and Yokohama Rubber have been increasingly investing in AI technology to have a centralized method of data management and support data integration across multiple applications.

Styrene Butadiene Rubber (SBR) Market Segmentation:
The styrene butadiene rubber (SBR) market is segmented by product type, by application and by distribution channel.
By Product Type -
a) Emulsion Type
b) Solution Type

By Application -
a) Automotive Tire
b) Footwear
c) Polymer Modification
d) Adhesives
e) Other Applications

By Distribution Channel -
a) Direct/Institutional Sales
b) Retail Sales
c) Other Distribution Channels

Major players in the styrene butadiene rubber (SBR) market include Asahi Kasei, Lanxess, Bridgestone, Michelin, China Petroleum & Chemical.

The regions covered in the global styrene butadiene rubber (SBR) market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Styrene Butadiene Rubber (SBR) Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Styrene Butadiene Rubber (SBR) Market Report Table Of Content
1. Executive Summary
2. Styrene Butadiene Rubber Market Characteristics
3. Styrene Butadiene Rubber Market Trends And Strategies
4. Styrene Butadiene Rubber Market - Macro Economic Scenario
5. Styrene Butadiene Rubber Market Size And Growth
……
26. Africa Styrene Butadiene Rubber Market
27. Styrene Butadiene Rubber Market Competitive Landscape And Company Profiles
29. Key Mergers And Acquisitions In The Styrene Butadiene Rubber Market
30. Styrene Butadiene Rubber Market Future Outlook and Potential Analysis
31. Appendix

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