New York City, 09 February 2019: The Report Solution Styrene Butadiene Rubber (S-SBR) Market is anticipated to reach over USD 6.2
billion by 2026 according to a new research published by Polaris Market
Research. In 2017, the automotive tire segment dominated the global market, in
terms of revenue. Asia-Pacific is expected to be the leading contributor to the
global market revenue during the forecast period.
The growing automotive industry, rapid
industrialization, and modernization of vehicles drive the growth of this
market. The growth in global automotive industry and increasing average life of
vehicles has resulted in Solution Styrene
Butadiene Rubber Market growth. The growing need for improved fuel efficiency and
reduced rolling resistance accelerates the demand for automotive tires. Other driving
factors include rising applications in footwear and sports industries, and
increasing use in polymer modification applications. Increasing demand from
developing nations, and technological advancements is expected to provide
numerous growth opportunities to the market players during the forecast period.
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Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing demand for automotive in the region coupled with rising disposable income drives the Solution Styrene Butadiene Rubber market growth in the region. The rapid industrialization in China, Japan, and India, along with significant improvement in living standards would support Solution Styrene Butadiene Rubber market growth during the forecast period. The introduction of stringent government regulations regarding use of eco-friendly tires, and modernization of vehicles would boost the market growth.
Key Vendors:
The key players operating in the
Solution Styrene Butadiene Rubber market include Bridgestone Corporation, Asahi
Kasei Corporation, The Goodyear Tire & Rubber Company, Taiwan Synthetic
Rubbers, Dow Chemical Company, Tianjin Lugang Petroleum and Rubber, Dynasol
Elastomers, Polimeri Europa, China National Petroleum Corporation, and Trinseo
S.A. among others. These companies launch new products and collaborate with
other market leaders to innovate and launch new products to meet the increasing
needs and requirements of consumers.
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