(PharmaNewsWire.Com, January 22, 2018 ) Key Findings Global Styrene Butadiene Rubber Market
The Global Styrene Butadiene Rubber Market accounted for USD 8.78 billion in 2017 and is projected to grow at a CAGR of 5.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Definition: Global Styrene Butadiene Rubber Market
Styrene Butadiene Rubber is the most commonly used synthetic rubber and accounts for over 45% of the global consumption. SBR is produced by the polymerization of butadiene with styrene in an approximate ratio of 3:1. The relative proportions of styrene and butadiene influence the properties of SBR with higher styrene content resulting in harder rubbers. There is a growing demand for styrene butadiene rubber in tire, footwear, construction, polymer modification and adhesives activates, which is expected to be one of the major drivers of the market over the next seven years.
Global Styrene Butadiene Rubber Market, By Type (E-SBR, S-SBR), By Application (Tire, Footwear, Construction, Polymer Modification, Adhesives, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2025
Major Market Drivers: Global Styrene Butadiene Rubber Market
Growth in tire market globally Natural rubber creating opportunity for styrene butadiene rubber Regulatory compliance
Market Restraint: Global Styrene Butadiene Rubber Market
Environmental concerns Fluctuation in raw material prices
Market Segmentation: Global Styrene Butadiene Rubber Market
The styrene butadiene rubber market is segmented on the basis of type into E-SBR and S-SBR.
On the basis of application, the market is segmented into tire, footwear, construction, polymer modification, adhesives and others.
On the basis of geography, the styrene butadiene rubber market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape Global Styrene Butadiene Rubber Market
The global styrene butadiene rubber market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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