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.
China solution styrene butadiene rubber market
by application, 2014 - 2025
(USD Million)
(USD Million)
To learn more about this report, request a free sample copy
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.
To view summary of this report, click the link below:
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.
View
more reports of this category by Grand View Research at:
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
o France
o Germany
o Italy
o Russia
o UK
·
Asia Pacific
o China
·
Rest of World
View press release of this research report by Grand View
Research:
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.
For more information: www.grandviewresearch.com
