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Increased use of Styrene-butadiene rubber in tire manufacturing are expected to drive innovation in styrene butadiene rubber (SBR) manufacturing, thus driving the market during the forecast period.

The global styrene butadiene rubber (SBR) market is expected to grow from $35.7 billion in 2022 to $37.79 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The global styrene butadiene rubber (SBR) market size is expected to grow from $46.55 billion in 2027 at a CAGR of 5.4%.

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Global Styrene Butadiene Rubber (SBR) Market Segments Include:

• By Product Type: Emulsion Type, Solution Type
• By Application: Automotive Tire, Footwear, Polymer Modification, Adhesives, Other Applications
• By Distribution Channel: Direct/Institutional Sales, Retail Sales, Other Distribution Channels
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global styrene butadiene rubber (SBR) market in 2021.

Major Market Players in the styrene butadiene rubber (SBR) market include Asahi Kasei, Lanxess, Bridgestone, Michelin, China Petroleum & Chemical, Jsr, The Goodyear Tire & Rubber.

Major companies in the styrene-butadiene rubber industry are increasingly investing in artificial intelligence (AI) to enhance their decision-making abilities and thus drive profits. The companies in this industry gather huge amounts of raw data relating to the working of plants and other infrastructure through a large number of sensors placed across the production site. Using big data analytics, companies can detect sensible patterns, which can allow them to quickly react to unwanted changes or potential defects, thus saving costs. AI allows companies to make better operational decisions. Companies such as Zhongce Rubber Group and Yokohama Rubber have been increasingly investing in AI technology to have a centralized method of data management and support data integration across multiple applications.

The Styrene Butadiene Rubber (SBR) Global Market Report 2023  provides a styrene butadiene rubber (SBR) market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The styrene butadiene rubber (SBR) market forecast analyzes styrene butadiene rubber (SBR) market size, styrene butadiene rubber (SBR) market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Styrene-butadiene rubber is a synthetic rubber derived from the co-polymers styrene and butadiene. These materials have good abrasion resistance and good age stability when protected by additives.

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