European Styrene-Butadiene Rubber (SBR) Market Size, Share, Forecast 2019-2025

Posted March 17, 2020 by rishabh3210

European Styrene-Butadiene Rubber (SBR) Market Size, Share, Forecast 2019-2025European Styrene-Butadiene Rubber (SBR) Market Size, Share, Forecast 2019-2025
European Styrene-Butadiene Rubber (SBR) market is forecast to augment with significant market growth during the forecast period. Various application of SBR in the region is one of the major factors for the growth of the market. It includes automotive components, tires, footwear and so on. The region is one of the major producers of vehicles, which creates a enormous demand for SBR. As per the International Organization of Motor Vehicle Manufacturers (OICA), around 21.33 million vehicles were manufactured in 2018, in Europe. Out of this, around 18.7 million were passenger cars and rest were commercial vehicles. A considerable demand from the aftermarket will also be witnessed in the region.

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European SBR market is segmented on the basis of end-user and by type. By end-user, the market is segmented into automobile components, industrial application, footwear, household, and others. The automotive industry is the largest application industry of the SBR due to which it is expected to hold the largest market share in the region. Geographically, the market is divided into Germany, UK, France, Spain, Italy and the Rest of Europe. During the forecast period, Germany will hold the largest market share with a significant growth rate. As per OICA, around 5.1 million passenger cars were manufactured by Germany in 2018. It is followed by Spain, France, Russia and UK with 2.8 million, 2.3 million, 1.7 million and 1.6 million respectively.

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The companies which are contributing significantly in the market include ARLANXEO Holding B.V., Bridgestone Corp., Exxon Mobil Corp., LG Chem, Ltd., SABIC, The Dow Chemical Co., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.

Secondary Sources Include

Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.

Market Segmentation

European SBR Market by Type

Solution SBR
Emulsion SBR

European SBR Market by End-User

Automobile component
Industrial Application
Others (Electronics)

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Contact Email [email protected]
Issued By Mr. Anurag Tiwari
Phone +1 646-755-7667
Country India
Categories Business
Tags european styrenebutadiene rubber sbr market size , share , forecast 20192025
Last Updated March 17, 2020