Solution Styrene Butadiene Rubber Market Outlook, Opportunities, Size, Share Forecast and Supply Demand 2021-2027 Solution Styrene Butadiene Rubber Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast.
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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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.