According to ChemAnalyst report, “Global Styrene Butadiene Rubber (SBR) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand Supply, Type, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, The Styrene Butadiene Rubber (SBR) market is expected to reach 9000 thousand tonnes in 2035, at a CAGR of 3.97% by 2035. The increasing demand for Styrene Butadiene Rubber (SBR) from Tires, Conveyor Belt, Shoe Sole, and Other end-use industries, is anticipated to expand the Styrene Butadiene Rubber (SBR) market in the forecast period.
Styrene Butadiene Rubber (SBR) is a material which is most commonly used synthetic rubber on a global level. SBR is synthesized by copolymerizing butadiene (75%) and styrene (25%) in presence of free radical initiators. SBR is comparatively better than rubber in terms of stability and mechanical properties. Due to the enhanced interlinking of polymer chains, on oxidation, SBR turns harder rather than getting lose like rubber. Styrene Butadiene Rubber (SBR) is utilized in to make tires. Styrene Butadiene Rubber (SBR) is employed for manufacturing Gear couplings, vehicle parts, industrial rubber goods, and footwear heels and soles. SBR is also used as an adhesive in the latex form.
Moreover, across the globe, the expansion of the Styrene Butadiene Rubber (SBR) market is due to its properties like high durability, resistance to cracking, high-temperature resistance, and wear resistance. These properties make SBR a popular choice for the manufacture of tires. SBR market is major accounted by the Tire industry, holding about 84% of global market in 2021 and is anticipated to dominate the market by the forecast period due to rapid urbanization resulting in higher demand of tire for Commercial vehicles such as trucks and personal cars.
Read the full report: https://www.chemanalyst.com/industry-report/styrene-butadiene-rubber-sbr-market-279
The Styrene Butadiene Rubber (SBR) market is segmented based on type, end-use, sales channel, and region. Based on type, the Styrene Butadiene Rubber (SBR) market is segregated into Emulsion Styrene Butadiene Rubber and Solution Styrene Butadiene Rubber. Based on end-uses, the Styrene Butadiene Rubber (SBR) market is segregated into Tires, Conveyor Belt, Shoe Sole, and Others. The Tire industry dominates the Styrene Butadiene Rubber (SBR) market around the globe. Due to the properties of Styrene Butadiene Rubber (SBR)like toughness and resistance to abrasion calls for its growing demand in the Tire Industry in Heavy Commercial Vehicles (HCVs), Light Commercial vehicle (LCVs), and passenger cars. Increasing demand from other industries, such as the Conveyor Belt and Shoe Sole sectors, will most likely enhance the SBR demand during the predicted period.
Based on demand, Asia Pacific region is dominating as the consumer of Styrene Butadiene Rubber (SBR) among all other regions. In 2021, Asia Pacific held a market share nearby 40% of the global Styrene Butadiene Rubber (SBR) Based on production, Asia Pacific is also taking the lead as the producer of SBR. Currently, South Korea is the leading nation in terms of SBR production.
“Global Styrene Butadiene Rubber (SBR) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand Supply, Type, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, the significant players functional in the Styrene Butadiene Rubber (SBR) market include Korea Kumho Petrochemical, PetroChina Company Limited, Synthos Group, Goodyear Tire and Rubber, Groupo Dynasol, Trinseo, JSR Corporation, TSRC Corporation, Sinopec Qilu petrochemicals, Bridgestone Corporation, LANXESS AG, Versalis, Lion Copolymer, and Shenhua Chemical Industrial.
“The constant growing demand of Styrene Butadiene Rubber (SBR) due to its usage as a raw material the manufacturing of tires of vehicles which is most likely to drive the Global Styrene Butadiene Rubber (SBR) market in the forecast period until 2035. The properties of Styrene Butadiene Rubber like high durability, resistance to cracking, high-temperature resistance, and wear resistance, make it a replacement to conventional rubber, which most is likely to expand its market in the production of tires and other goods in the forecast period. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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