Styrene-Butadiene Rubber Market Advances with Rising Applications in Industries


Posted July 23, 2021 by chemical_industry

The global styrene-butadiene rubber market could cross more than USD 8 billion by 2025, stipulates Market Research Future (MRFR). It is slated to obtain a CAGR of over 6% during the forecast period (2019–2025).
 
Market Overview
The global styrene-butadiene rubber market could cross more than USD 8 billion by 2025, stipulates Market Research Future (MRFR). It is slated to obtain a CAGR of over 6% during the forecast period (2019–2025).
Prominent Vendors
Some of the leading vendors that contribute to the growth of the worldwide styrene-butadiene rubber market are KUMHO PETROCHEMICAL (South Korea), China Petroleum & Chemical Corporation (China), JSR Corporation (Japan), Trinseo (U.S.), Bridgestone Corporation (Japan), LANXESS (Germany), Reliance Industries Limited (India), Versalis S.p.A. (Italy), Michelin Corporation (France), Sibur Holding PAO (Russia), among others.
Access Full Report Details and Order this Premium
Report : https://www.marketresearchfuture.com/reports/styrene-butadiene-rubber-market-1050

Growth Boosters and Key Barriers
Styrene-butadiene rubber (SBR) is generally used in similar applications as natural rubber/ isoprene rubber (NR/IR) elastomers. The primary applications of SBR are haul-off pads, drive couplings, shoe soles and heels, conveyor belts, roll coverings, adhesives, and car tires along with various types of molded rubber goods.
Some of the growth-inducing factors in the SBR market include the surge in automobile production and the mounting demand for electric cables insulation. These factors are backed by the rise in urbanization across various regions. This gives rise to the per capita disposable income, especially in the emerging nations, which could stimulate market growth from 2019 to 2025. Boost in the adoption rate, coupled with the growing consumption of SBR based adhesives and sealants within the construction industry could benefit the market to a great extent.
Progressively expanding automotive sector along with a rising focus on the development of cost-effective vehicles by manufacturers could bring lucrative results for the market in the subsequent years. The downside could be the surge in environmental concern with regard to toxic effect of chemicals that are present in SBR, hindering the market growth in the coming years.
Market Segmentation
The global styrene-butadiene rubber market has been divided into type and end-use.
The market, with respect to the type, is segmented into emulsion styrene-butadiene rubber, and solution styrene-butadiene rubber.
The end-user covered by the MRFR report are construction, automotive, adhesives & sealants, industrial, electrical & electronics, footwear making, and others.
Get a Sample Report Now : https://www.marketresearchfuture.com/sample_request/1050

Regional Aspect
The key markets for styrene-butadiene rubber are Middle East & Africa (MEA), Europe, Latin America, Asia Pacific, and North America.
Given the widespread construction projects, Middle East & Africa could expect to be the leading market for SBR, followed by North America and Europe. The region’s prominent end-users for styrene-butadiene rubber are automotive, building & construction, consumer goods, electrical & electronics, and packaging, among others. Rising demand across these industries could favor market growth in MEA. Besides, with the aim to tap into the expanding SBR market, many companies are striving to establish operations in the region, in lieu of increasing customer base as well as growth potential.
Read more Reports at:
https://peroxyaceticacidmarketanalysis.wordpress.com/2021/07/21/adhesives-and-sealants-market-growth-factors-gross-margin-major-companies-value-chain-2027-

https://peroxyaceticacidmarketanalysis.wordpress.com/2021/07/21/cold-insulation-market-to-expand-in-forecast-year-2027-the-dow-chemical-company-and-huntsman-

NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Market Research Future
Phone 6468459312
Business Address Office No. 528, Amanora Chambers
Country India
Categories Advertising , Business , Industry
Tags global styrenebutadiene rubber market
Last Updated July 23, 2021