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Published by linker 5
Posted on February 17, 2021
Silica for S-SBR Market: Demand for High Performance Tires with Improved Rolling Resistance, Fuel Efficiency to Drive Demand: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028
There has been a noticeable expansion in the use of silica for s-sbr due to significant reduction in emission and improvement in fuel-efficiency. Silica for S SBR market is expected to expand its current value through the forecast period. According to FMI report, the market is likely to register a CAGR of 7.2% through 2028. This market is gaining popularity due to the wide use as fillers in industrial sectors and also due to the introduction of safety regulations and environment protection acts of conserving natural resources.
“Surging demand in tire reinforcement applications is acting as a key catalyst in the market by covering almost 75% of the revenue share globally. Rising demand in construction and automotive industry is also driving the market in a better pace by following safety norms and abiding by climate change petitions,” states the FMI Analyst.
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Silica for S-SBR Market – Important Takeaways
Silica for S-SBR Market – Driving Factors
Silica for S-SBR Market – Key Restraints
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Expected Impact on Market by Coronavirus Outbreak
This market might have faced considerable loss due to reduced production on account of strict lockdown rules but developed countries require much of these as it is a necessity in major sectors. Supply and demand for silica is high in industrial and construction industry and need is already rising therefore, bringing it on a reviving path as it falls under the necessity banner.
Competitive Landscape
Major players in the market Trinseo, Lanxess Aktiengesellschaft, LG Chem, Dynasol Group,Taiwan Synthetic Rubbers Corporation, JSR Corporation, Sibur International GmbH, Sumitomo Chemicals Co. Ltd. amongst others.
All of the leading players are working on building collaborations with major manufacturers to magnify their production capacity and also improving product portfolios by producing higher fuel efficiency products with lesser carbon emission in the industrial sector.
Major participants rely on investing into growth strategies and products with rolling resistance, wet grip and wear resistance.
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More on the report
FMI’s analysis presents segmentation on the basis of type (treated, untreated), application (footwear sole, tire reinforcing material, polymer modification etc.), end-use (automotive, industrial, construction) and region (North America, Europe, Asia, and Japan)
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