Global Styrene Butadiene Rubber: Overview
The polymerization of butadiene with styrene in the ratio of 3:1 forms a synthetic rubber which is known as styrene butadiene rubber. The styrene-butadiene rubber is of two types, solution styrene butadiene rubber (S-SBR) and emulsion styrene butadiene rubber (E-SBR). In the former type, free radicals are used to initiate the process; the later uses the alkyl lithium compound. At the present situation, the emulsion styrene butadiene rubber is used more widely but in the coming years, the solution styrene butadiene rubber will capture the market owing to its better properties. In the past, the tire industry used emulsion styrene butadiene rubber for the production of tires and they were also able to switch between different grades of E-SBR without actually altering the process. But in the recent years, different countries started implementing the labeling regulation.
Global Styrene Butadiene Rubber: Segmentation
The global 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 Styrene Butadiene Rubber: Growth Factors
The tire is the leading industry in the usage of styrene butadiene rubber. Recently, the countries have imposed the labeling regulations on the tire manufacturers, that is, the tires need to be labeled for effective fuel consumption, wet grip and resistance to rolling. The footwear industry is also growing rapidly which in turn is driving the styrene butadiene market. The styrene butadiene rubber provides better performance and abrasion resistance, thus contributing to the styrene butadiene rubber market to grow rapidly. The other segments that contribute to the market growth are adhesive, polymer modification, and insulation.
Global Styrene Butadiene Rubber: Regional Analysis
The styrene butadiene rubber market is led by the Asia Pacific region. The main factor that has made the styrene butadiene market grow is the tire industry. China is the leading country in the tire manufacturing industry. Owing to the reason that the region has low labor and operating cost, the tire manufacturers have shifted their facilities to the Asia Pacific region. The increased middle-class population and economic development in China and India have made a significant growth in the automobile industry which in turn increased the market growth of styrene butadiene rubber. Countries such as Malaysia, Indonesia, and Thailand have also grown steadily in terms of disposable income, thus contributing to the market growth. Europe is the second largest consumer of the styrene-butadiene rubber. The countries such as Germany and Italy have the largest activities of automobile manufacturing, thus driving the demand of the market.
Global Styrene Butadiene Rubber: Competitive Players
Some of the key companies operating in the styrene butadiene rubber market include Lanxess AG, Goodyear Tire & Rubber Co., Nova Chemicals, Versalis S.p.A., Kumho Petrochemical Co. Ltd., The Dow Chemical Co., Synthos S.A., Ashland Inc., Trinseo S.A., and Formosa Chemicals & Fibre Corporation.
Global Styrene Butadiene Rubber Market: Regional Segment Analysis
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