The global solution
styrene butadiene rubber (S-SBR) market is expected to reach USD 5.40
billion by 2025, according to a new report by Grand View Research, Inc.
Increasing demand in tire manufacturing industry owing to the low rolling
resistance and high wet grip offered by the product is expected to augment
market growth
The growth in the solution styrene butadiene rubber
(S-SBR) market is primarily driven by the increasing demand from the tire
manufacturing industry on account of the low rolling resistance and high fuel
efficiency offered by the product. Rising demand for vehicles in the developing
economies has been a major contributing factor for the S-SBR industry growth.
Aftermarket tire sales have also been a major factor
for S-SBR market growth. Increasing consumer awareness regarding the benefits
of high-performance tires is likely to boost demand over the forecast period.
In addition, tire labeling regulations in the countries including Japan, Korea
and the European Union have bolstered the demand for S-SBR.
The tire labeling regulations introduced by the
European Union with regards to information in terms of external rolling noise,
fuel efficiency and wet grip of the tires coupled with rapid growth in demand
for green tires are the most influential factors driving the demand for S-SBR
in the region.
The solution styrene butadiene rubber market is highly
undersupplied with respect to demand. Capacity expansions by the key players
coupled with utilization of emulsion styrene butadiene rubber (E-SBR)
manufacturing facilities for S-SBR production are expected to bridge the gap
between demand and supply in the market.
Browse full research report on Solution Styrene Butadiene Rubber Market: https://www.grandviewresearch.com/industry-analysis/solution-styrene-butadiene-market
Further
key findings from the report suggest:
- Tire industry was the largest application accounting for 80.6% of
the overall revenue share in 2016. Low rolling resistance and high fuel
efficiency and wet grip offered by the product is expected to drive the
demand for S-SBR in the industry.
- Footwear industry was the second largest application for S-SBR in
terms of volume. Longevity and improved performance offered by the product
to the athletic shoes is expected to have a positive impact on the market
growth in footwear applications.
- Asia Pacific accounted for 81.0% of the overall revenue share in
2016. Rapid growth of the tire manufacturing industry in China is expected
to be the key driver for industry growth in the region.
- Europe was the second largest region in terms of volume in 2016.
The tire labeling regulations followed by the countries in the European
Union is expected to bolster the demand for solution styrene butadiene
rubber in the region over the forecast period.
- The major players include Sinopec, SIBUR, Bridgestone Corporation,
Michelin, and China National Petroleum Corporation (CNPC). Sinopec and
SIBUR are backward integrated and reduce the overall operating cost by
acquiring the suppliers in the market.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand
View Research has segmented the global solution styrene butadiene rubber market
on the basis of application and region:
Solution
Styrene Butadiene Rubber Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
- Tire
- Footwear
- Polymer
Modification
- Adhesives
& Sealants
- Others
Solution
Styrene Butadiene Rubber Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
- North America
- Europe
- France
- Germany
- Italy
- Russia
- UK
- Asia Pacific
- China
- Rest of World
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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