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Styrene Butadiene Rubber (SBR) Market Key Players, Market Analysis, Share, Trends And Forecast To 2033
Styrene Butadiene Rubber (SBR) Market
As per the report, the styrene butadiene rubber (sbr) market size has grown strongly in recent years. It will grow from $37.87 billion in 2023 to $40.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The styrene butadiene rubber (sbr) market size is expected to see strong growth in the next few years. It will grow to $50.61 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
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The Styrene Butadiene Rubber (SBR) Market Thrives On Growing Demand In Tire Manufacturing And Automotive Industry
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. For instance, in August 2023, according to TireGrades, a US-based website that provides information about automotive tires, each year 300 million tires are sold in US. This has led to an increased demand for SBR from the end-use industry, thus driving the styrene butadiene rubber (SBR) market .
Styrene-Butadiene Rubber Industry Embracing AI For Enhanced Decision-Making And Efficiency
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.
The styrene butadiene rubber (sbr) market covered in this report is segmented -
1) By Product Type: Emulsion Type, Solution Type
2) By Application: Automotive Tire, Footwear, Polymer Modification, Adhesives, Other Applications
3) By Distribution Channel: Direct/Institutional Sales, Retail Sales, Other Distribution Channels
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Major companies operating in the styrene butadiene rubber (sbr) market report are China National Petroleum Corporation, China Petroleum & Chemical Corp., JSR Corporation, Zeon Corp., British Petroleum plc, Chevron Corporation, Reliance Industries Limited, BASF SE, China Shenhua Energy Company Limited, LyondellBasell Industries Holdings B.V., LG Chemical ltd., Compagnie Générale des Établissements Michelin SCA, Bridgestone Corporation, Sumitomo Chemical Co. Ltd, The Goodyear Tire & Rubber Company, Asahi Kasei Corp., Eastman Chemical Company, Lanxess AG, Kumho Petrochemical Co. Ltd., Versalis S.P.A, Trinseo S.A., Kraton Corporation, LCY Chemicals Corp., Synthos S.A, TSRC Corporation, Manali Petrochemicals Limited, Lion Elastomers LLC, SKC Chemie Pvt. Ltd, Dynasol Group., SIBUR Holding PJSC, Michelin Malaysia Sdn Bhd
Contents of the report:
1. Executive Summary
2. Styrene Butadiene Rubber (SBR) Market Report Structure
3. Styrene Butadiene Rubber (SBR) Market Trends And Strategies
4. Styrene Butadiene Rubber (SBR) Market - Macro Economic Scenario
5. Styrene Butadiene Rubber (SBR) Market Size And Growth
…..
27. Styrene Butadiene Rubber (SBR) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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