Global Solution Styrene Butadiene Rubber (S-SBR) Market: Overview
Styrene butadiene rubber is synthetic rubber that is derived from styrene and butadiene. When protected by additives, these materials are abrasion resistant and have good aging stability. About half of the car tires manufactured are made from styrene butadiene rubber. Unstable costs of raw materials due to the changing crude oil rates are anticipated to impact the market growth in the coming years. The market is expected to grow by the usage of bio-butadiene in the manufacturing of solution styrene butadiene rubber owing to the environmental benefits.
Global Solution Styrene Butadiene Rubber (S-SBR) Market: Segmentation
The global solution styrene butadiene rubber is segmented into its application and regions. On the basis of application, the solution styrene butadiene market includes footwear, adhesive and sealants, tires, polymer modification, and others. The solution styrene butadiene rubber market is diversified into various regions such as Europe, North America, Asia-Pacific, and Rest of the World.
Global Solution Styrene Butadiene Rubber (S-SBR) Market: Growth Factors
The tire manufacturing industry has the largest demand for the solution styrene butadiene rubber owing to its high performance and durability. The consumers are now aware of the benefits provided by high-performance tires such as low CO2 emissions, long durability, and improved fuel efficiency, hence increasing the demand of solution styrene butadiene rubber. The footwear industry is also significantly growing as solution styrene butadiene rubber is used in manufacturing high-performance sports footwear. Using solution styrene butadiene in the production of footwear gives long life to the footwear and also good resistance to abrasion. Solution styrene butadiene rubber is also used in the modification of cement and asphalt. The quality of the end-product improves significantly owing to the polymer modification when solution styrene butadiene rubber is added during the mixing process in the asphalt mill.
Global Solution Styrene Butadiene Rubber (S-SBR) Market: Regional Analysis
Asia Pacific region is growing rapidly owing to the high demand of solution styrene butadiene rubber in the tire manufacturing industry. Countries such as China and Japan have certain labeling regulations, which contribute to the market growth in a positive way. Japan was the first country to implement the labeling regulation in 2011 followed by the EU in 2012. Germany also added some regulations that said the tires should withstand the bad weather conditions and should be fit with winter tires. Thus, the sales of winter tires increased having a positive impact on the solution styrene butadiene market growth. China is the leading tire manufacturing industry owing to the low labor and operating costs in the region. The growth in the automobile industry and footwear industry has led North American solution styrene butadiene market to grow in the coming years.
Global Solution Styrene Butadiene Rubber (S-SBR) Market: Competitive Players
Some of the key companies operating in the solution styrene butadiene market include Michelin, Goodyear Tire and Rubber Company, Taiwan Synthetic Rubber Corporation, Sumitomo Chemicals, LG Chemicals, Dynasol Elastomers, China National Petroleum Corporation (CNPC), and Sinopec. Other key players influencing the market are Bridgestone Corporation, Lanxess, Sibur Holding JSC, JSR Corporation, Tianjin Lugang Petroleum and Rubber, and Asahi Kasei and Styron (Trinseo). KKPC manufacturing company has ten times increased its production owing to the market demand. The manufacturers are now converting the emulsion styrene butadiene rubber into solution styrene butadiene rubber owing to the rapid demand for the product.
Global Solution Styrene Butadiene Rubber (S-SBR) Market: Regional Segment Analysis
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