Styrene-Butadiene Rubber Market Overview:
Some of the prominent factors that positively influence the growth of SBR market are increasing automobile production, rising demand for electric cables insulation, and increasing urbanization. Increasing urbanization along with rising per capita disposable income in developed and emerging economies are predicted to drive the growth of the market over the forecast period, 2018 to 2023.
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Styrene-Butadiene Rubber Market Key Players:
Some of the prominent players in the global styrene butadiene rubber are China Petroleum & Chemical Corporation (China), KUMHO PETROCHEMICAL (South Korea), LANXESS (Germany), JSR Corporation (Japan), Trinseo (U.S.), Sibur Holding PAO (Russia), Michelin Corporation (France), Bridgestone Corporation (Japan), Reliance Industries Limited (India), and Versalis S.p.A. (Italy), among others.
Styrene-Butadiene Rubber Market Regional Analysis:
The Middle East & Africa is estimated to be the largest SBR market followed by North America and Europe due to strong existence of construction projects. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for SBR in tires manufacturing. In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for SBR and is estimated to grow with the same pace over the forecast period. Improving living standards along with the flourishing growth of electrical industry is predicted to contribute to the regional market growth.
In North America, U.S and Mexico are among the major contributors in the regional market growth due to expansion of offshore and onshore activities as well as increasing innovations is expected to bridge the demand gap for SBR raw materials. In Latin America, Mexico is expected to register strong growth due to robust presence of automobile manufacturers.
Styrene-Butadiene Rubber Market Segmentation:
Styrene-butadiene rubber market is segmented on the basis of type, end use, and region. Based on the type, the market is segmented into emulsion styrene butadiene rubber, and solution styrene butadiene rubber. On the basis of the end user, the market is segmented into automotive, construction, industrial, adhesives & sealants, footwear making, electrical & electronics, and others. Geographically, the global styrene butadiene rubber market is segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America. Among them, Asia Pacific is estimated to grow at the highest CAGR during the forecast period.
Styrene-Butadiene Rubber Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Styrene Butadiene Rubber Market
Styrene-Butadiene Rubber Market Table of Content to be Continue….,
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