Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3,528.4 Million | USD 5,033.5 Million | 6.1% | 2021 |
FrequentlyAsked Questions
Demand is anticipated to be driven throughout the projection period by S-expanding SBR's use in tire and footwear applications. With the expanding demand in the tire manufacturing business, the market is anticipated to experience considerable expansion.
According to the report, the global solution styrene butadiene rubber (S-SBR) market solution styrene butadiene rubber (S-SBR) market size was worth USD 3,528.4 million in 2021 and is estimated to grow to USD 5,033.5 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.1 percent over the forecast period.
In 2021, Asia Pacific accounted for 39.3% of worldwide volume, making it the region with the largest solution styrene butadiene rubber market. The growing demand from the tire sector in nations like India, China, and Japan is the main factor behind the Asia Pacific region's supremacy.
Some of the main competitors dominating the global solution styrene butadiene rubber (S-SBR) market include- Bridgestone Corporation, Michelin, Lanxess, Goodyear Tire and Rubber, SIBUR Holding JSC, Taiwan Synthetic Rubber, JSR, Tianjin Lugang Petroleum and Rubber, Sumitomo Chemicals, Asahi Kasei, LG Chemicals, Styron (Trinseo), Dynasol Elastomers, China National Petroleum Corporation (CNPC), Versalis, and Sinopec.
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