Styrene Butadiene Rubber Market Scope
Styrene-butadiene rubber is a synthetic rubber. The styrene-butadiene rubber has better processability, heat aging, and abrasion resistance. The 70 percent of styrene-butadiene rubber is consumed in the manufacturing of tires and tire products. The styrene-butadiene rubber is the most adopted segment in the tyre market. There is a growing demand for rubber excessive scale due to the development of the automobile industry. It is majorly used in tire and tire-related products which includes tread rubber and growing global consumption.
The market study is being classified by Type (Emulsion Styrene Butadiene Rubber and Solution Styrene Butadiene Rubber), by Application (Tires, Belts, Hoses, Gaskets and Floor Tiles Footwear) and major geographies with country level break-up.
The global styrene-butadiene rubber market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Research Analyst at AMA predicts that Japan Vendors will contribute to the maximum growth of Global Styrene Butadiene Rubber market throughout the predicted period.
LANXESS (Germany), Sinopec (China), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), JSR Corporation (Japan), Kuraray Co., Ltd (Japan), LG Chem (South Korea), SIBUR Holding (Russia), ZEON Corporation (Japan) and Versalis S.p.A. (Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are PTT Global Chemical (Thailand), OMNOVA Solutions Inc. (United States)., Goodyear Chemical (United States), CNPC (China), Trinseo (United States) and Bangkok Synthetics (Thailand).
AdvanceMarketAnalytics has segmented the market of Global Styrene Butadiene Rubber market by Type, Application and Region.
On the basis of geography, the market of Styrene Butadiene Rubber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In Aug 2019, Lion Elastomers announced the acquisition of Firestone Orange, a Texas production site. Through this strategic acquisition, Lion can expand its business and also an enhancement in customer base. Through this agreement, the company also expand its product portfolio.
In Jun 2019, Eastman Chemical Company announced the expansion of the de-bottlenecking of the Diethyl hydroxylamine (DEHA) unit in St. Gabriel. This initiative meets the growing demand of DEHA, these DEHA has primarily used water treatment and in the production of polymers including styrene-butadiene rubber
- Strong Demand in Non-Tyre Application Such As Belts, Gaskets, Hoses, and Floor Tiles Footwear
- Rising Demand from Tyre Manufacturers for High-Performance Tyres
- High Growth in the Automotive Industry
- Increase Demand of Low Rolling Resistance Tyres
- Growing Consumption of Synthetic Rubber
- Development of Low Rolling Resistance Tyres
- Growing Number of Automotive Manufacturing Companies
- High Adoption of Substitute Products-Such As Biased Belt Tyres
- Decreasing Number of Domestic Vehicle Production Because Of Changes in Economic Climate
- Declination of Passenger Tyres Majorly In United States
- Strict Stringent Regulation for Styrene Butadiene Rubber Manufacturers in Europe Region
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Styrene-Butadiene Rubber Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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