Pune, India - Solution Styrene Butadiene Rubber (S-SBR)
Market size was valued at USD 2.51 billion. The demand for S-SBR in
footwear and tire applications is increasing owing to its high synthetic
flexibility is expected to drive market growth.
The automotive companies are developing vehicles with high
performance and durability, resulting in stringent tire performances
specifications. The S-SBR is the only material for the manufacture of high
performance tires. The growth in the automotive industry is expected to have a
positive impact in S-SBR market.
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The tire industry accounted for over 81% of the total
revenue share in 2016. The rising demand for S-SBR in high-performance tire
manufacturing owing to its high fuel efficiency coupled with improved
performance is likely to fuel over the projected period.
In terms of volume, the footwear industry was the second
largest application. The application of the product in athletic shoes is on the
rise owing to its grip and improved performance is likely to propel market
demand. Furthermore, the availability of products through e-commerce platforms
together with the changing fashion trends is expected to propel market demand.
The utilization of S-SBR in polymer modification process
results in improving the end-product quality; as a result, it is utilized in
the construction of roads and pavement. In addition, the application of S-SBR
in the construction industry is for the alteration of cement and asphalt. These
applications are likely to aid the market growth of S-SBR.
The share of polymer modification & footwear is
anticipated to decline over the forecast period owing to the rising demand for
the product in tire manufacturing together with the high supply-demand gap.
The S-SBR has numerous application in the adhesive industry
such as caulking, lamination paper coating, and wall tiles. The demand for the
product in the adhesive industry is likely to have a positive growth owing to
rising application process of S-SBR together with the rapid advent of
technology.
The substantial growth in demand for S-SBR in the tire
industry is anticipated to have an adverse effect on its demand in other
applications. The substitution of styrene isoprene styrene (SIS) in tires is
likely to have a positive impact on the demand of S-SBR over the projected
period.
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Market Segment:
Solution Styrene Butadiene Rubber Application Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
• Tire
• Footwear
• Polymer Modification
• Adhesives & Sealants
• Others
Solution Styrene Butadiene Rubber Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
• North America
• Europe
• France
• Germany
• Italy
• Russia
• UK
• Asia Pacific
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