Brand Story
25 Nov 2022, 03:45 GMT+10
The global styrene butadiene rubber market is anticipated to create an absolute dollar opportunity by exhibiting a healthy CAGR of 5.5% between 2022 and 2032. The market is expected to reach US$ 10,584.3 Mn in 2022 and is anticipated to surpass US$ 18,079.6 Mn by 2032.
Base Year Value (2021A)
US$ 2,179.3 Mn
Estimated Year Value (2022E)
US$ 2,277.4 Mn
Projected Year Value (2027F)
US$ 2,846.0 Mn
Value CAGR (2022-2027)
4.5%
Collective Value Share: Top 3 Countries (2022E)
66.3%
As per the historic analysis of FMI, styrene-butadiene rubber sales grew at a CAGR of 5.2% between 2016 and 2021, owing to the use of rising applications including tires, footwear, and polyurethane adhesivesamong other. The rising demand for synthetic and processed rubber is predicted to improve the sales of styrene-butadiene.
End-use industries are rapidly inclining towards synthetic rubber over natural rubber in the automotive tire industry which is expected to bolster growth in the styrene butadiene rubber market. Over recent years, the use of synthetic rubbers such as styrene-butadiene has witnessed impressive growth due to technological advancements coupled with rising applications in the industrial and automotive sectors. Backed by these factors, Future Market Insights (FMI) expects styrene butadiene rubber sales to reach US$ 18,079.6 Mn in 2032.
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Key Factors
Competitive Landscape
Leading manufacturers of styrene butadiene rubber primarily focus on developing sustainable butadiene in order to avoid being impeded by stringent government rules that restrict the use of chemically manufactured butadiene in various regions. To efficiently fit into the increasingly popular circular economy trends, SBR manufacturers are focusing on achieving sustainability in their business models.
More Insights into the Styrene Butadiene Rubber Market
The U.S. is considered to dominate the global styrene butadiene rubber market in the North American region. Due to the rising popularity of electric vehicles, the overall sales of automobiles in the U.S. are expected to spur over the estimation period. This will also surge the demand for tires, which will in return boost sales of styrene butadiene rubber and styrene butadiene rubber latex.
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Styrene butadiene rubber suppliers in the U.S. will also be benefitted from lucrative business opportunities brought on by the presence of leading industry players in the country. These aforementioned factors are anticipated to boost the growth in the U.S. styrene butadiene rubber market during the forecast period.
Attributed to the strict government initiatives and thriving automotive industry has encouraged the growth of the manufacturing sector, opportunities for suppliers of styrene butadiene rubber are expected to boost the market. Styrene butadiene rubber (SBR) demand witnessed a noticeable increase in China by registering a growth of 6.3% throughout the forecast period.
Styrene Butadiene Rubber Market by Category
By Type:
By Application:
By Region:
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Trends & Success Factor
to be continued...!
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Countertop Market Sales: Expanding at a healthy 5.0% CAGR, the Countertop market size is projected to total US$ 709.7 Bn by 2026.
Electronic Cleaning Solvents Market Demand: The global Electronics Cleaning Solvents market is projected to witness a growth rate of 5.9% over the forecast period of 2022 and 2029.
Silicon Tetrachloride Market Growth: The global Silicon Tetrachloride business is further estimated to witness a considerable CAGR of 4.5% during the period of 2022 and 2027.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, U.S., and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Browse Full Reports: https://www.futuremarketinsights.com/reports/styrene-butadiene-rubber-market
The post Styrene Butadiene Rubber Market to reach US$ 18.0796 Million by 2032, Growing Demand for Processed and Synthetic Rubber is Predicted to Improve the Sales appeared first on Future Market Insights.
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This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
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