Global Solution Styrene Butadiene Rubber (S-SBR) Industry Report 2024: S-SBR Market Tightens Grip on Growth with Impetus from Tire Manufacturing
Dublin, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The "Solution Styrene Butadiene Rubber (S-SBR) - Global Strategic Business Report" report has been added to * ResearchAndMarkets.com's* offering.
*Global Solution Styrene Butadiene Rubber (S-SBR) Market to Reach $5.8 Billion by 2030*
The global market for Solution Styrene Butadiene Rubber (S-SBR) estimated at US$3.6 Billion in the year 2022, is projected to reach a revised size of US$5.8 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030. Tire, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$4.6 Billion by the end of the analysis period. Growth in the Footwear segment is estimated at 5.6% CAGR for the next 8-year period.
Amidst a global economic update, the competitive landscape of the Solution Styrene Butadiene Rubber (S-SBR) market is examined, highlighting key strategies such as vertical integration and tire application focus. The market share of global key competitors in 2023, along with the diverse market presence of 29 players worldwide, underscores the competitive dynamics. An overview of SBR and S-SBR sets the context, emphasizing the growing demand for synthetic rubber and S-SBR.
*The U.S. Market is Estimated at $721.7 Million, While China is Forecast to Grow at 7.8% CAGR*
Regional analyses reveal Asia-Pacific's remarkable growth pace, with North America and Europe also contributing significantly. Recent market activity reflects a dynamic industry responding to evolving demands and market trends.
The Solution Styrene Butadiene Rubber (S-SBR) market in the U.S. is estimated at US$721.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1 Billion by the year 2030.
*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 268
Forecast Period 2022 - 2030
Estimated Market Value (USD) in 2022 $3.6 Billion
Forecasted Market Value (USD) by 2030 $5.8 Billion
Compound Annual Growth Rate 6.1%
Regions Covered Global
*MARKET TRENDS & DRIVERS*
· Controlling Coupling Process to Optimize Desired Attributes of S-SBR
· S-SBR Market Tightens Grip on Growth with Impetus from Tire Manufacturing
· A Buzzling Tire Business Translates Into Increased Supply Opportunities for S-SBR Manufacturers
· Global Tire Market: Percentage Breakdown of Tire Raw Material Cost Breakdown by Material Type
· Automobile Tire Composition: Frequently Used Constituents
· Composition of Passenger/Light Truck Tires and Truck Tires
· High-Performance, Green Tires Bode Well for Market
· Interesting Blend of FESBR & Silica Composites Opens Up New Avenues for Tires
· Encouraging Outlook for Automobile Production despite Disruptions, Bodes Well for the Growth of Automotive Tires and S-SBR
· Rubber, the Unsung Hero of Automotive Innovation
· Growing EV Adoption & Production to Benefit the S-SBR Popularity in Tires of EVs
· Robust Sales of EVs Mean Increased Application Possibilities for S-SBR
· Growing EV Adoption & Production to Benefit the Popularity of S-SBR in EV Tires
· Footwear: A Prominent Application Segment
· S-SBR Market Enjoys Robust Bond with Growth due to Demand Impetus from Adhesives & Sealants Industry
· Recovering Construction Industry Bodes Well for the Solution Styrene Butadiene Rubber Market
· Construction Industry Dynamics Shape Demand Trends in Solution Styrene Butadiene Rubber Market
· Demographic Trends Influence Market Prospects
· Urbanization Drives Need for S-SBR Usage in Automobile and Construction Markets
· Growing Middle Class Population
· Market Restraints and Challenges
*FOCUS ON SELECT PLAYERS**(Total 29 Featured)*
· Asahi Kasei Corporation
· Bridgestone Corporation
· China National Petroleum Corporation
· China Petroleum & Chemical Corporation (SINOPEC)
· Goodyear Tire & Rubber Company
· Grupo Dynasol
· JSR Corporation
· Lanxess AG
· LG Chem
· Michelin
· SIBUR Holding OJSC
· Sumitomo Chemical Co., Ltd.
· Taiwan Synthetic Rubber Corp.
· Trinseo LLC
· Versalis SpA
For more information about this report visit https://www.researchandmarkets.com/r/cww7w9
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*Attachment*
· Solution Styrene Butadiene Rubber (S-SBR) Market
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