The Global Styrene Butadiene Rubber (SBR) Market Report by The Business Research Company covers SBR market drivers and restraints, SBR market size, major players, and the impact of COVID-19 on the styrene butadiene rubber market.
The styrene butadiene rubber market consists of sales of styrene butadiene rubber and related services. Styrene butadiene rubber is synthetic rubber derived from the co-polymers styrene and butadiene. These materials have good abrasion resistance and good aging stability when protected by additives.
Increased use of styrene butadiene rubber in tire manufacturing contributed to the growth of the SBR market. Styrene butadiene rubber is one of the key elements in tire manufacturing.
The global styrene butadiene rubber (SBR) market is expected to grow from $10.24 billion in 2020 to $12.9 billion in 2021 at a compound annual growth rate (CAGR) of 26%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $16.58 billion in 2025 at a CAGR of 6%.
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Some styrene butadiene rubber (SBR) market trends include major companies in the styrene butadiene rubber industry increasingly investing in artificial intelligence (AI) to enhance decisions making abilities and thus drive profits. The companies in this industry gather huge amounts of raw data relating to the working of plant and other infrastructure through a large number of sensors placed across the production site. Using big data analytics the companies can detect sensible patterns which can allow them to quickly react to unwanted changes or potential defects, thus saving costs.
Global styrene butadiene rubber (SBR) market segments include:
1) By Product Type: Emulsion Type, Solution Type.
2) By Application: Automotive Tire, Footwear, Polymer Modification, Adhesives, Others.
3) By Distribution Channel: Direct/Institutional Sales, Retail Sales, Other Channel Sales.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Styrene Butadiene Rubber (SBR) Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides styrene butadiene rubber (SBR) market overviews, analyzes and forecasts market size, share, styrene butadiene rubber (SBR) market players, styrene butadiene rubber (SBR) market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The styrene butadiene rubber (SBR) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Styrene Butadiene Rubber (SBR) Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Asahi Kasei, Lanxess, Bridgestone, Michelin, China Petroleum & Chemical, Jsr, The Goodyear Tire & Rubber, Sinopec, Eastman, SIBUR, LG Chemicals, Kumho Petrochemical, LCY Chemicals, Versalis, Trinseo, Synthos, Zeon, Shenhua Chemical, Dynasol Elastomer, China national Petroleum Corporation (CNPC), Bridgestone Corporation, Reliance Industries Limited, Lion Elastomers, TSRC Corporation, Sumitomo Chemicals, Tianjin Lugang Petroleum Rubber Co.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Styrene Butadiene Rubber Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Styrene Butadiene Rubber Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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