Styrene-Butadiene Rubber Market Overview:
The global footwear market is growing at a considerable CAGR and projected to retain the dominance in the market due to increasing standard of living and growing urban population around the world. In addition to this, increasing disposable income incentivizing people around the world to add value into their house, such as furnishing the house with an upholstery, which may fuel the demand for styrene butadiene rubber in building & construction industry.
Styrene-Butadiene Rubber Market Key Players:
• DowDuPont,
• Lanxess AG,
• Synthos S.A.,
• Goodyear Tire & Rubber Co.,
• Ashland Inc.,
• Nova Chemicals,
• Trinseo S.A.,
• Versalis S.p.A.,
• Formosa Chemicals & Fibre Corporation,
• Kumho Petrochemical Co. Ltd.,
among other are some of the prominent players at the forefront of competition in the global styrene butadiene rubber market and are profiled in MRFR Analysis.
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Styrene-Butadiene Rubber Market Regional Analysis:
Styrene butadiene rubber market are Asia Pacific, North America, and Europe. Other regions include the Middle East & Africa, and Latin America. Asia Pacific is the largest and the fastest growing market for synthetic rubber holding more than 30% share of the global styrene butadiene rubber market. The region has undertaken expansion of its infrastructural projects and mulling to revive the footwear making and other industries, which is anticipated to propel the demand of styrene butadiene rubber in this region. The constant rise of both construction and automotive industry in this region is also projected to continue to fetch a major share of the overall demand of styrene butadiene rubber in this region.
North America is closely following Asia Pacific to be the second most significant region in the global styrene butadiene rubber market. Growing reconstruction activities and increasing demand from automotive industry are driving the growth of regional styrene butadiene rubber market. In the transportation sector aircraft and automotive industry are the two dominant segments consuming major share of overall demand of styrene butadiene rubber.
Styrene-Butadiene Rubber Market Segmentation:
Styrene Butadiene Rubber Market is segmented on the basis of type, end use, and region. Based on type, the market is segmented into emulsion styrene butadiene rubber and solution styrene butadiene rubber. On the basis of end use the market is segmented into automotive, construction, industrial, adhesives & sealants, footwear making, electrical & electronics, and others. Geographically, the global styrene butadiene rubber market is segmented into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Among them Asia Pacific is estimated to grow at highest CAGR during the forecast period.
Styrene-Butadiene Rubber Market Table of Content to be Continue….,
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