Styrene-Butadiene Rubber (SBR) Market Potential Growth, Share, Demand, COVID-19 Overview and Industry Analysis of Key Players- Research Forecasts by 2025

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Styrene-Butadiene Rubber Market Overview

The global styrene-butadiene rubber market could cross more than USD 8 billion by 2025, stipulates Market Research Future (MRFR). It is slated to obtain a CAGR of over 6% during the forecast period (2019–2025).

Styrene-Butadiene Rubber Market Growth Boosters and Key Barriers

Styrene-butadiene rubber (SBR) is generally used in similar applications as natural rubber/ isoprene rubber (NR/IR) elastomers. The primary applications of SBR are haul-off pads, drive couplings, shoe soles and heels, conveyor belts, roll coverings, adhesives, and car tires along with various types of molded rubber goods.

Some of the growth-inducing factors in the SBR market include the surge in automobile production and the mounting demand for electric cables insulation. These factors are backed by the rise in urbanization across various regions. This gives rise to the per capita disposable income, especially in the emerging nations, which could stimulate market growth from 2019 to 2025. Boost in the adoption rate, coupled with the growing consumption of SBR based adhesives and sealants within the construction industry could benefit the market to a great extent.

Progressively expanding automotive sector along with a rising focus on the development of cost-effective vehicles by manufacturers could bring lucrative results for the market in the subsequent years. The downside could be the surge in environmental concern with regard to toxic effect of chemicals that are present in SBR, hindering the market growth in the coming years.

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Styrene-Butadiene Rubber Market Segmentation

The global styrene-butadiene rubber market has been divided into type and end-use.

The market, with respect to the type, is segmented into emulsion styrene-butadiene rubber, and solution styrene-butadiene rubber.

The end-user covered by the MRFR report are construction, automotive, adhesives & sealants, industrial, electrical & electronics, footwear making, and others.

Styrene-Butadiene Rubber Market Regional Aspect

The key markets for styrene-butadiene rubber are Middle East & Africa (MEA), Europe, Latin America, Asia Pacific, and North America.

Given the widespread construction projects, Middle East & Africa could expect to be the leading market for SBR, followed by North America and Europe. The region’s prominent end-users for styrene-butadiene rubber are automotive, building & construction, consumer goods, electrical & electronics, and packaging, among others. Rising demand across these industries could favor market growth in MEA. Besides, with the aim to tap into the expanding SBR market, many companies are striving to establish operations in the region, in lieu of increasing customer base as well as growth potential.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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