Compelo Energy is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close

Styrene Butadiene Rubber Market Gain Impetus of 4.3% CAGR due to the Growing Demand over 2026 : Future Market Insights

The demand for synthetic rubbers continues to witness an upsurge as companies fail to find competent natural substitutes. In the view of changing industrial applications, styrene butadiene rubber has emerged as one of the greatest synthetic rubbers used in the automotive industry. With exceptional properties, products made of styrene butadiene rubber are finding applications across multiple industrial verticals. According to Future Market Insights, over US$ 5.6 Bn worth of styrene butadiene rubber will be sold across the globe by the end of 2017. The forecast study further reveals that by the end of the forecast period, 2017-2026, the global styrene butadiene rubber market will have expanded at a moderate CAGR of 4.3% to reach a value of US$ 8.2 Bn.

A range of factors influencing the dynamics of the global styrene butadiene rubber market have been analysed in the study. Environmental concerns are addressed as the key restraint that will limit styrene butadiene rubber from incurring high sales. Being one of the highest forms of synthetic rubbers, production of styrene butadiene rubber is strictly regulated and companies are compelled to comply with the standards set by environmental protection agencies around the world.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-5756

Despite the compliance, manufacturers of styrene butadiene rubber are forced to constrain their production in the face of growing demands. Companies namely, Asahi Kasei, Lanxess, LG Chem, Polimeri Europa, Sinopec, and Lion Elastomers are expected to be active as leading manufacturers in the expansion of the global styrene butadiene rubber market through 2026.

In addition, the global styrene butadiene rubber market is also witnessing flak of industrial regulatory bodies that coerce manufacturers for not enforcing strong recycling measures. Styrene butadiene rubbers being dumped in the ground or in the open are becoming one of the world’s gravest problems with respect to environmental pollution. Nevertheless, robust growth in the global automotive industry continues to bolster the sales of styrene butadiene rubber as they are predominant used in production of automotive tyres.

Preview Analysis Global Styrene Butadiene Rubber Market Segmentation by Product Type- Emulsion, Solution; Application- Automotive Tyres, Footwear, Polymer Modification, Adhesives and Other Application : https://www.futuremarketinsights.com/askus/rep-gb-5756

Automotive Tyre Applications of Styrene Butadiene Rubber to Register Highest Sales

The study has forecasted that in 2017 and beyond, the use of styrene butadiene rubber emulsions and solutions in the automotive industry will record the highest growth, particularly with respect to their tyre application. Effectiveness of styrene butadiene rubber in affixing tyres to the wheel rims will continue to drive the sales in the coming years. By the end of the forecast period, sales of styrene butadiene rubber in automotive tyre applications will rake in over US$ 5.8 Bn in global revenues.

The study also projects that the demand for styrene butadiene rubber solutions will be comparatively higher than that of styrene butadiene rubber emulsions. By the end of 2026, more than US$ 5.7 Bn worth of styrene butadiene rubber solutions are expected to be sold in the global market.

APEJ to Represent Largest Market for Styrene Butadiene Rubber

With respect to the global production of automotive vehicles and components, countries such as India, China, and South Korea are at the forefront. The booming automotive industry in the Asia-Pacific excluding Japan (APEJ) region is estimated to factor the brimming sales of styrene butadiene rubber in this region. During the forecast period, the APEJ styrene butadiene rubber market is anticipated to expand at a CAGR of 4.6%. The demand for styrene butadiene rubber is also expected to be high in parts of Europe, North America, and Middle East & Africa (MEA).

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-5756