Styrene-Butadiene-Rubber (SBR) Industry expected to grow at a CAGR of 6.29% in Saudi Arabia

Albany, New York, November 9, 2016: Market Research Hub has recently announced a new report to its repository, titled “Styrene-Butadiene Rubber (SBR) Industry Outlook in Saudi Arabia to 2020

- Market Size, Price Trends and Trade Balance”. The report basically offers market forecast and major analysis on the Styrene-Butadiene-Rubber (SBR) Industry, along with offering information on its market size, trade balance and price trends data from 2006 to 2020.

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The report begins with the current market dynamics of Saudi Arabia and provides comprehensive coverage of all parameters of the Styrene-Butadiene Rubber industry. Basically, Styrene-butadiene rubber is a general purpose synthetic rubber which is produced from a copolymer of styrene and butadiene. It is a mixture of 75 percent of butadiene and 25 % of styrene. SBR is used in a greater amount for the manufacturing of automobile and truck tires. About 50 percent of car tires are made from different types of SBR. Based on its manufacturing process, Styrene-Butadiene Rubber is categorized into two major types. One is known as Emulsion Styrene-Butadiene Rubber (e-SBR), while the other is Solution Styrene-Butadiene Rubber (s-SBR). Due to growing popularity of high-performance “green” tires, there is a trend for solution SBR capacity increase, as s-SBR better than e-SBR fulfills the production necessities.

According to the report, from the year 2013 to 2018, the Saudi Arabia market is projected to grow at a faster CAGR of 6.29% during the forecast. According to the report, the industry is heavily dependent on tire production as the tire segment counts for the largest share in the global Styrene-Butadiene Rubber demand. The most important driver for this market is the rising demand from end-use applications. Some other sectors where Styrene-Butadiene Rubber finds application includes footwear, automotive goods (non tire) construction, mechanical goods, packaging, adhesives etc.

Read Full info with TOC in a PDF Format: https://goo.gl/qVJAfJ

The research analysts used a large variety of primary as well as secondary sources and presented all available information on the product in a large-scale research report quite clearly. The market report not only contains a thorough market overview but also offers a rich collection of tables and figures which defines the Saudi Arabia Styrene-Butadiene Rubber industry with its demand value, production outlook, and import and export parameters. Through the report, the buyer can get additional information about the market-expansion strategies and the development factors for a new market entry.

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This release was published on openPR.