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The styrene butadiene market was valued at approximately USD 4Billion in 2019 and is expected to surpass USD 5Billion by 2026, expanding at a CAGR of 3.9% during the forecast period 2020u20132026.
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Global Styrene Butadiene Rubber (SBR) Market by Product Types, Application Types and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Report By
Thestyrene butadiene market was valued at approximately USD 4Billion in 2019 and is expected to surpass USD 5Billion by 2026, expanding at a CAGR of 3.9% during the forecast period 2020–2026. Request for sample@https://dataintelo.com/request-sample/?reportId=111369 Styrene-butadiene or styrene-butadiene rubber (SBR) describe families of synthetic rubbers derived from styrene and butadiene. These materials have good abrasion resistance and good aging stability when protected by additives. In 2012, more than 5.4 million tonnes of SBR were processed worldwide. About 50% of car tires are made from various types of SBR. The styrene/butadiene ratio influences the properties of the polymer: with high styrene content, the rubbers are harder and less rubbery.
Market Trends, Drivers, Restraints, and Opportunities: • The primary factor driving market growth is the growing demand in the automotive industry for high-performance tires. The increasing use of low rolling-resistance tires to reduce fuel consumption and decrease CO2 emissions is expected to increase SBR consumption. • The stringent laws are a factor that is restraining the market. As a result of these laws, the global market for styrene butadiene rubber is witnessing low participation of synthetic rubber manufacturers. Only a handful of companies are shaping up the competition landscape of the global styrene butadiene rubber market. • Styrene butadiene rubber products are used in almost all emerging industries such as automotive, construction and electrical. The extensive use of SBR in tire industry is predicted to drive the market as the demand for automobiles is increasing rapidly. Thus, the demand for styrene butadiene rubber is expected to drive the global SBR market during the forecast period.
Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=111369 Competitive Landscape: The global styrene butadiene rubber (SBR) market has been fragmented by presence of various regional and global players. Some of the major companies are Dow, LANXESS, The Goodyear Tire & Rubber Company, NOVA Chemicals, Versalis S.p.A., KUMHO PETROCHEMICAL, Ashland., Trinseo S.A., Automatic Control Office, FIBERPRO PTY LTD. All the companies compete in the terms of the products they provide and the revenue that they invest in their research and development. The manufacturers focus on the nature of the product as well as on the raw materials that are offered. Petrochemical companies, typically capable of processing materials in bulk quantities tend to gain an advantage over normal rubber companies. The market is characterized by a high level of forward integration by the raw material suppliers. Numerous petrochemical companies have a presence across the value chain wherein they produce crude oil and use it for the manufacturing of synthetic rubber.
Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=111369 Why Choose Us: • We offer industry-leading critical reports with accurate insights into the future of the market. • Our reports have been evaluated by some industry experts in the market, thus making them beneficial for the company’s to maximize their return on investments. • We provide a comprehensive pictorial representation of the information, strategic recommendations, outcomes of the analytical tools to offer an elaborate landscape, highlighting the key market players. This detailed assessment of the market will help the company increase efficiency. • The demand and supply dynamics offered in the report give a 360 degree view of the market. • Our report helps readers decipher the current and future constraints in the Styrene Butadiene Rubber (SBR) Market, and help them formulate optimum business strategies to maximize growth in the market.
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