.The Global SBR market is forecast to reach USD 9,779.5 Million by 2028, according to a new report by Reports and Data. Styrene-Butadiene rubber (SBR) is one of the commonly used synthetic rubber consisting of butadiene and styrene monomers. There are various benefits associated with the use of this synthetic rubber, which are supporting the continuous growth of the market. Some of these mentionable traits are impact strength, excellent resilience, abrasion resistance, high tensile strength, among others. The presence of the mentioned traits have resulted in its wide use in various application including tire manufacturing, footwear, polymer modification, among others. When compared with polybutadiene rubber, SBR can be seen to have advantages like abrasion resistance, blend compatibility, and improved strength, which are resulting in its growing popularity. The mentioned traits are further enhanced with the help of additives. Apart from tire manufacturing, which is one of the mentionable areas of application of these synthetic rubber, it is also used in mechanical rubber goods, automotive parts, wire, and cable insulation, flooring, belting, among others. When compared to natural rubber, its traits like comparatively better heat aging, enhanced processability, resistance to degradation under heat, and enhanced abrasion resistance. Thus, the presence of such advantages over natural rubber and polybutadiene rubber contributes to the growth rate witnessed by the market.

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Further key findings from the report suggest

The Styrene Butadiene Rubber market held a market share of USD 5,739.4 Million in the year 2020 that is forecasted to grow at a rate of 6.8% during the forecast period.
In context to Raw materials, the Styrene segment held a considerable market share of 25.0% in 2020, with a CAGR of 7.3% during the forecast period. The market share held by the Styrene segment is attributed to the fact that, as natural rubbers, these synthetic rubbers also require a degree of hardness along with bonding and wearing characteristics that can be catered with the help of this raw material, which contributes to the market share held by this segment.
In context to Product, the Emulsion Styrene Butadiene Rubber segment held a larger market share of more than 50.0% in 2020, with a growth rate of 5.7% during the forecast period. The market dominance of the Emulsion Styrene Butadiene Rubber segment is attributed to the wide arena of applications like in flooring adhesives, footwear, tires, food contact pharmaceutical articles, and light-colored mechanical goods. Its traits like effective abrasion resistance results in its high acceptance among sectors like tire manufacturing industry.
In regards to Application, the Tire segment held the largest market share of 72.0% of the market, with a CAGR of 6.8% during the forecast period. The traits of SBR like high impact strength, excellent resilience, abrasion resistance, high tensile strength results in its extensive application in tire manufacturing, contributing to the market share held by this segment.
Key participants include Sinopec, Lanxess, Michelin, The Goodyear Tire Rubber Company, Eastman, JSR Corporation, LG Chemicals, SIBUR, Dynasol Elastomer, and LCY Chemicals.
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Raw materials Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

Butadiene
Styrene
Others
Product Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

Emulsion Styrene Butadiene Rubber
Solution Styrene Butadiene Rubber
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

Tire
Polymer modification
Footwear
Adhesive and sealant
Others
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Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of the SBR Market

– Changes in industry market dynamics

– Detailed market segmentation by type, application, etc.

– Historical, current and projected market size in terms of quantity and value

– Recent industry trends and developments

– Competition situation of SBR Market

– Key companies and product strategies

– Potential niche segment/region showing promising growth.

Finally, the SBR Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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