Published by Uma Rajagopal
Posted on February 3, 2022
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.
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.
Get a Free Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/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).
Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-5756
Stringent Laws to Constrain Manufacturing of Styrene Butadiene Rubber
The global market for styrene butadiene rubber is witnessing low participation of synthetic rubber manufacturers. Only a handful of companies are shaping up the competition landscape of the global styrene butadiene rubber market.
The study has profiled Lanxess, Asahi Kasei, Polimeri Europa, LG Chem, Lion Elastomers, and Sinopec as the leading manufacturers of styrene butadiene rubber in the global market. These companies are expected to remain active in the expansion of the global market for styrene butadiene rubber throughout the forecast period.
Market Taxonomy
The study has segmented the global styrene butadiene rubber market on the basis products, their applications and regions. The global styrene butadiene rubber market taxonomy has been illustrated in the table below.
Region
Product Type
Application
Feel free to ask your queries at https://www.futuremarketinsights.com/ask-question/rep-gb-5756
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/styrene-butadiene-rubber-market
Press Release Source: https://www.futuremarketinsights.com/press-release/styrene-butadiene-rubber-market
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.
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.
Get a Free Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/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).
Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-5756
Stringent Laws to Constrain Manufacturing of Styrene Butadiene Rubber
The global market for styrene butadiene rubber is witnessing low participation of synthetic rubber manufacturers. Only a handful of companies are shaping up the competition landscape of the global styrene butadiene rubber market.
The study has profiled Lanxess, Asahi Kasei, Polimeri Europa, LG Chem, Lion Elastomers, and Sinopec as the leading manufacturers of styrene butadiene rubber in the global market. These companies are expected to remain active in the expansion of the global market for styrene butadiene rubber throughout the forecast period.
Market Taxonomy
The study has segmented the global styrene butadiene rubber market on the basis products, their applications and regions. The global styrene butadiene rubber market taxonomy has been illustrated in the table below.
Region
Product Type
Application
Feel free to ask your queries at https://www.futuremarketinsights.com/ask-question/rep-gb-5756
Explore FMI’s Extensive Coverage on Chemicals & Materials Domain
Coating Additives Market: The global market for coating additives is projected to stand a US$ 8,851.3 Mn by the end of 2022
Gas Separation Membrane Market: The global gas separation membrane market is expected to witness an absolute $ opportunity worth USD 1.6 Billion during the forecast period, growing at a CAGR of 7.8%, by value
Biocides Market: Favored by surging demand for eco-friendly products to reduce carbon emission from industries, the market is estimated to reach value of US$ 11.74 Bn by 2031-end
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/styrene-butadiene-rubber-market
Press Release Source: https://www.futuremarketinsights.com/press-release/styrene-butadiene-rubber-market
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