The Global solution styrene butadiene rubber (S-SBR) market is anticipated to grow at a high rate in the forecasted period owing to rising shortage of natural rubber, surging consumer inclination towards low CO2 emitting “Green Tires” and burgeoning demand for S-SBR in the tire manufacturing industry as it reduces rolling resistance of the vehicles, improve the wear & grip of tires and high fuel efficiency. Besides this, paradigm shift of consumer towards high quality tire demand coupled with introduction of favorable regulatory guidelines regarding tire labelling is anticipated drive the growth of the market in the forthcoming timeline. However, surging fluctuating in the price of the raw material is a major factor hampering growth of the global market.
According to MarkNtel Advisors’ research report “Global Solution Styrene Butadiene Rubber (S-SBR) Market Analysis, 2020”, the Global Solution Styrene Butadiene Rubber (S-SBR) market is anticipated to grow at a considerable CAGR during 2021-26. The COVID-19 pandemic has an adverse impact on the automotive sector on account of cross border trade restriction across countries which has a pessimistic impact on the tire demand due to decline in the sales of automotive, disruption in the supply chain and shutdown of manufacturing units. Therefore, this has affected the market of Solution Styrene Butadiene Rubber (S-SBR) as well
“Global Solution Styrene Butadiene Rubber (S-SBR) Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Solution Styrene Butadiene Rubber (S-SBR) providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Asia-Pacific Accounts For Highest Share
Asia Pacific captured the highest share in the Global Solution Styrene Butadiene Rubber (S-SBR) market in 2020 on account rapid growth in the demand of solution styrene butadiene rubber from the tire manufacturing industry and presences of giant tire manufacturer. China dominated the Asia-Pacific market as it is one of the largest tire manufacturing country due to low operating and labor cost thereby accelerating the demand for S-SBR in the region. Besides this, the implementation of labeling regulations in the countries such as China and Japan are placing a positive impact towards the market in the coming years.
Moreover, the Europe also acquired the considerable market share owing to burgeoning sales of winter tires due to laid to strict regulation towards the use of winter tires and robust growth in the automotive sector. Thus, this is expected to bolster the growth of the Solution Styrene Butadiene Rubber (S-SBR) Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Solution Styrene Butadiene Rubber (S-SBR) Market Analysis, 2020”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Solution Styrene Butadiene Rubber (S-SBR) market are Bridgestone, Michelin, Goodyear, Continental, Pirelli, Sumitomo, Hankook, Yokohama, Cheng Shin, Zhongce Rubber, GITI, Cooper, Toyo, Kumho, MRF, JK, CEAT etc.
Key questions answered in the study: