US Styrene-Butadiene Rubber (SBR) Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2030)


Posted January 31, 2024 by mansi3210

US Styrene-Butadiene Rubber (SBR) Market is expected to have a significant CAGR during the forecast period.

 
US Styrene-Butadiene Rubber (SBR) Market is expected to have a significant CAGR during the forecast period. The country is one of the major consumers of SBR and products manufactured by it, which is a major factor for augmenting the market. Major application of SBR includes vehicle component manufacturing, tiers manufacturing, footwear and so on. A significant application of SBR can be found in other applications also; including medical gloves, airplane components and tiers and so on. In the US, the automotive sector is creating most of the demand for SBR, due to the application of SBR in tiers. As per the International Organization of Motor Vehicle Manufacturers, the country has produced about 11.3 million vehicles in 2018, out of which around 75% are commercial vehicle and 25% are passenger cars. It creates a significant market in the country as the average number of tiers in commercial vehicles is more as compared to a passenger car. Some of the restraint to the market include downfall in the vehicle sales in the country and fluctuating prices of rubber at the international market. 

The US SBR market is segmented on the basis of type and end-user. By type, the market is further segmented into Emulsion SBR and Solution SBR. Solution SBR is expected to have a significant market growth during the forecast period. By end-user, the market is segmented into automobile components, industrial application, footwear, household, and others. The automobile component will the major market share during the forecast period. 

To Request a Sample of our Report on US Styrene-Butadiene Rubber (SBR) Market:  https://www.omrglobal.com/request-sample/us-styrene-butadiene-rubber-market

SBR Market Segmentation

By Type

Solution SBR
Emulsion SBR

By End-User

Automobile components
Industrial Application
Footwear
Household
Others (Electronics)

A full Report of US Styrene-Butadiene Rubber (SBR) Market is Available @  https://www.omrglobal.com/industry-reports/us-styrene-butadiene-rubber-market

Company Profiles

ARLANXEO Holding B.V.
Asahi Kasei Corp.
Bridgestone Corp.
JSR Corp.
Kuraray Co., Ltd.
LG Chem, Ltd.
SABIC 
The Dow Chemical Co.
The Goodyear Tire & Rubber Co.
The Michelin Group
Tosoh Corp.
Ube Industries, Ltd.

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Categories Business , Industry , Manufacturing
Last Updated January 31, 2024