Global Solution Styrene Butadiene Rubber (S-SBR) Market was valued $2.95 Billion in 2018 and is projected to reach $5.86 Billion by 2025; with a CAGR of 9.3% from 2019 to 2026. In terms of volume, the market was valued 1,065 Kilo Tons in 2018, and is expected to reach 1,967 Kilo Tons by 2026, growing at a CAGR of 8.4% from 2019 to 2026.
Growing disposable income of consumers in developing countries such as China and India has led to increased substantial growth in the automobile industry, surging the demand and consumption in the tire. In addition, as per the regulation of the automobile industry, the need for high-performance tires have increased which is also fueling the market for S-SBR. However, instability in raw material cost and environmental concerns may hamper the market. Further, high growth in the automobile industry would generate new business opportunities for the market in the future years.
The global solution styrene butadiene rubber market is segmented on the basis of application and geography. By application, the market is further divided into the tire, footwear, polymer modification, adhesives & sealants, and others. By geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).
The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., while Europe covers UK, Germany, France, Italy, and Rest of Europe. China, Japan, India, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufacturers. Manufacturers’ data, including revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide a better understanding of the market competition.
Top players in the global solution styrene butadiene rubber (SSBR) market are Bridgestone Corporation, Michelin, Lanxess, Goodyear Tire and Rubber Company, SIBUR Holding JSC, Taiwan Synthetic Rubber Corporation, JSR Corporation, Sumitomo Chemicals, Tianjin Lugang Petroleum, and Rubber, LG Chemicals, among others.
The Highlights of the Report
Scope of the Global Solution Styrene Butadiene Rubber (SSBR) Market
Application Segments (Volume, Kilo Tons; Revenue, USD Million, 2017 - 2026)
Geographical Segments (Volume, Kilo Tons; Revenue, USD Million, 2017 - 2026)
• North America
• Rest of the World
o Central & South America