In 2016, the global 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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Market Synopsis of Solution Styrene Butadiene Rubber Market:
The increasing awareness
regarding fuel saving coupled with technological advancements in tire rubbers
is anticipated to show low dissipation energy such as high traction during
braking, low abrasion, and low rolling resistance. S-SBR reduces the rolling
resistance of vehicles, increases the fuel efficiency and improves the wet grip
of tires is likely to replace emulsion styrene butadiene rubber (E-SBR) with
S-SBR.
The increasing exports of tires
together with the rising demand for high-performance tires from importing
countries is anticipated to drive the market growth of S-SBR market. The
utilization of S-SBR in tires is growing owing to the tire labelling regulation
of European Union regarding the improvement in tire grades.
The fluctuating prices of raw
material are most likely to hamper the S-SBR global market growth. In addition,
S-SBR is expected to have a negative impact on the environment owing to its
petrochemical origin. However, the utilization of bio-based butadiene is
anticipated to reduce the environmental hazards linked with S-SBR.
Application Insights
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.
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