Solution Styrene Butadiene Rubber Market - Size Estimated To Reach USD 6.2 Billion in 2026
Posted: Oct 25, 2018
The global Solution Styrene Butadiene Rubber marketgenerated $2.8 billion in 2017 and is anticipated to grow at a CAGR of 9.2% during the forecast period.
Solution Styrene-Butadiene Rubber (SSBR) is obtained through the polymerization of butadiene-1,3 and styrene in hydrocarbon solvent with lithium-organic acting as a catalyst agent. SSBR is majorly used as a raw material for manufacturing of highly specified tire components, and fabrication of high performance tires. The demand for SSBR has increased in production of tires, retreads, moulded technical parts, injected and extruded goods, surgical instruments, shoe soles and automotive industry parts. SSBR offers low temperature flexibility, resilience and abrasion resistance.
Download PDF Sample: https://bit.ly/2Pl2oTI
Solution Styrene Butadiene Rubber is increasingly being used in manufacturing of automotive tires. The growing urbanization and improving living standards have increased the demand for automobiles, thereby supporting Solution Styrene Butadiene Rubber market growth. There has been an increasing demand of Solution Styrene Butadiene Rubber registered from footwear and polymer modification applications. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth of Solution Styrene Butadiene Rubber market opportunities in the coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Solution Styrene Butadiene Rubber Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Asia-Pacific generated the highest revenue in 2017 owing to increasing industrialization, and growing automotive sector. The increasing modernization of vehicles, and stringent regulations regarding vehicle safety have resulted in increasing adoption of Solution Styrene Butadiene Rubber market in the region.
Competitive Landscape and Key Vendors
The global Solution Styrene Butadiene Rubber market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
For More Information and TOC: https://bit.ly/2CC4h7Q
The leading companies profiled in the report include Bridgestone Corporation, Asahi Kasei Corporation, The Goodyear Tire & Rubber Company, Taiwan Synthetic Rubbers, Dow Chemical Company, Tianjin Lugang Petroleum and Rubber, Dynasol Elastomers, Polimeri Europa, China National Petroleum Corporation, and Trinseo S.A.
About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
Corporate Sales, USA
Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.