The Global Styrene Butadiene Rubber (SBR) market is forecast to reach USD 9.17 Billion by 2027, according to a new report by Reports and Data. Styrene-Butadiene rubber (SBR) is one of the commonly used synthetic rubber consisting of butadiene and styrene monomers. There are various benefits associated with the use of this synthetic rubber, which are supporting the continuous growth of the market. Some of these mentionable traits are impact strength, excellent resilience, abrasion resistance, high tensile strength, among others. The presence of the mentioned traits have resulted in its wide use in various application including tire manufacturing, footwear, polymer modification, among others. When compared with polybutadiene rubber, SBR can be seen to have advantages like abrasion resistance, blend compatibility, and improved strength, which are resulting in its growing popularity. The mentioned traits are further enhanced with the help of additives. Apart from tire manufacturing, which is one of the mentionable areas of application of these synthetic rubber, it is also used in mechanical rubber goods, automotive parts, wire, and cable insulation, flooring, belting, among others. When compared to natural rubber, its traits like comparatively better heat aging, enhanced processability, resistance to degradation under heat, and enhanced abrasion resistance. Thus, the presence of such advantages over natural rubber and polybutadiene rubber contributes to the growth rate witnessed by the market.
In regards to region, North America can be seen to occupy a considerable share of the market. The market share held by the region is associated with a well-established automotive sector, expanding healthcare sector and attractive footwear industry, which is supporting the growth of the market in this region.
Key participants include Sinopec, Lanxess, Michelin, The Goodyear Tire & Rubber Company, Eastman, JSR Corporation, LG Chemicals, SIBUR, Dynasol Elastomer, and LCY Chemicals.
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For the purpose of this report, Reports and Data have segmented the global Styrene Butadiene Rubber (SBR) market according to Raw materials, Product, Application, and Region:
Raw materials Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
Product Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
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Further key findings from the report suggest
Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technology Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2027 Chapter 3. Indicative Metrics Chapter 4. Styrene Butadiene Rubber Market Segmentation & Impact Analysis 4.1. Styrene Butadiene Rubber Market Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. The expansion of the automotive industry 4.2.2.2. Enhanced traits as compared to natural rubber 4.2.2.3. Enhancing the durability of end-products 4.2.3. Market restraints analysis 4.2.3.1. Fluctuating price of raw materials 4.2.3.2. Environmental concerns 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price Trend Analysis
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