Key Players of the North America Styrene Butadiene Rubber (SBR) Market include Goodyear Tire and Rubber Company (US), Ashland Inc. (US), American Synthetic and Rubber Company (US), The Dow Chemicals (US), and NOVA Chemicals (Canada).
(PRWEB) April 20, 2015
The North American styrene butadiene rubber market is projected to reach $3,812.0 million by 2018, at a CAGR of 1.6% between 2014 and 2018.
Browse through the TOC of North America Styrene Butadiene Rubber (SBR) Market for an analysis of industry trends, segments & forecasts.
Styrene butadiene is a synthetic rubber produced by the polymerization process involving butadiene and styrene in the ratio of 3:1. SBR is commercially available as an emulsion (E-SBR) or as a solution (S-SBR). E-SBR is more widely recognized than S-SBR, however, S-SBR is now preferred in the tire industry.
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The North American SBR market is projected to reach a value of $3,812.0 million by 2018, at a CAGR of 1.6% between 2014 and 2018, as the automotive industry is witnessing a continuous upsurge in the market which is expected to eventually drive the demand for tires.
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The key factors that are enhancing the growth of this market include the growing demand from the automobile sector and increase in consumption by end-use applications, such as tires, construction, automotive, packaging, and consumer goods. Another major driving force for the SBR market is the recent labeling regulations by the federal government for tire industries that focus on producing high-performance and green (eco-friendly) tires.
The growing demand for synthetic rubber across various leading industries is expected to offer opportunities for the styrene butadiene rubber market on a global scale.
This report also includes the market share and value chain analyses, and market dynamics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market, including major companies that provide SBR.
Europe Styrene Butadiene Rubber (SBR) Market
The global SBR market, along with its end products, has witnessed a linear growth in the past few years and this growth is projected to increase in the coming years. SBRis one of the basic performance elastomers chemical raw materials widely used in tire, footwear, construction, polymer modification, adhesives, and others segments. The quality, high efficiency, and environmentally acceptable are some of the major features that creates an upsurge in the demand for SBR; and the upcoming safety regulations & innovative techniques for its use will be the key influencing factors for the Europe SBR with the increased emphasis on its different applications.
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