February 18, 2021
According to the research report titled ‘Global Solution Styrene Butadiene Rubber (S-SBR) Market Analysis, 2020’, available with Market Study Report LLC, global solution styrene butadiene rubber (S-SBR) market is expected to grow substantially during the period of 2021-2026.
Rising per capita income, growing population, and rapid expansion of the automotive sector are some of the key growth stimulants of global solution styrene butadiene rubber market.
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For those unaware, styrene butadiene rubber is a type of material obtained from butadiene and styrene. More specifically, solution styrene butadiene rubber is widely adopted in high-performance tires since it improves the compound properties such as filler dispersion and rolling resistance.
Thus, collective inclination towards adopting green tires in consort with mounting demand for high-performance products are aiding towards the market expansion. Favorable regulatory outlook which encourage the use of winter tires in Europe and strict labelling regulations are adding traction to global solution styrene butadiene rubber industry size.
According to the report, growing demand for passenger cars owing to surging disposable income, proliferating sales of electric vehicles, and growing population are also contributing towards the overall industry remuneration.
The advent of COVID-19 pandemic has severely disrupted the supply chain processes owing to imposition of lockdowns on manufacturing and production processes in order to curb the spread of the disease. This has adversely hampered the production rates of automobiles, which in turn is negatively influencing global solution styrene butadiene rubber industry dynamics.
The application scope of the overall market consists of tires, polymers, adhesives, footwears, and others. The tires segment is further split into winter, summer, and all season.
The prominent companies operating in global solution styrene butadiene rubber industry are Asahi Kasei Corporation, Dynasol Elastomeros S.A.U, Stryron, Versalis, China Petroleum & Chemical Corporation, China National Petroleum Corporation, LG Chem Ltd., Tianjin Lugang Petroleum and Rubber Co. Ltd., Sumitomo Chemical Co. Ltd., JSR Corporation, TSRC Corporation, Goodyear Tire & Rubber Company, Lanxess AG, Michelin, and Bridgestone Corporation among others.