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The global market for SBR is expected to reach USD 23,144.3 billion by 2020. Increasing demand for SBR in tire manufacturing is expected to support the growth of this market over forecast period. The automobile industry has witnessed significant growth over the past couple of years, resulting in increased demand for tires which in turn has boosted the demand for synthetic rubbers such as SBR.
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Hexa Reports Market Research Reports and Insightful Company Profiles Global Styrene Butadiene Rubber (SBR) Market Industry 2015 Market Share, Size, Industry Profile, Market Prize, Forecast and Overview The global market for SBR is expected to reach USD 23,144.3 billion by 2020. Increasing demand for SBR in tire manufacturing is expected to support the growth of this market over forecast period. The automobile industry has witnessed significant growth over the past couple of years, resulting in increased demand for tires which in turn has boosted the demand for synthetic rubbers such as SBR. Tire was the single largest application segment for SBR market accounting for 73.5% of global consumption in 2013. Footwear was a small application segment in 2013, however is expected to witness significant growth over the forecast period on account of superior performance offered by SBR in sport shoe soles. In addition, the increasing price of natural rubber has created a crossover opportunity for synthetic rubbers such as SBR. The implementation of tire labeling regulation in countries of EU, Japan and Korea, which is a prerequisite for manufacturing of high grade 'Green Tires', is expected to augment S-SBR demand,. EU regulations have made it mandatory for all manufacturers to label their tire for wet grip and rolling resistance. In order to have high grade of tire, S-SBR along with Nd-PBR filler is a key requirement. Certain SBR manufacturers such as Lanxess have converted their E-SBR plants to S-SBR in order to meet the growing demand from the tire manufacturers. Browse Detail Report With TOC @ http://www.hexareports.com/report/styrene-butadiene-rubber- sbr-market-analysis-and-segment-forecasts-to-2020/details
Hexa Reports Market Research Reports and Insightful Company Profiles Further key findings from the study suggest: The global SBR market was 5,122.4 kilo tons in 2013 and is expected to grow at a CAGR of 6.1% from 2014 to 2020. Asia Pacific was the largest consumer of SBR in 2013, accounting for over 46% of global demand. The growing automobile industry in China, India and Japan is expected to boost the demand for tires which in turn is expected to drive the SBR market over the forecast period. In addition, it is expected that China and India would implement tire labeling regulations in line with the EU regulations by 2015, which is expected to have a positive impact on S-SBR sales in near future. Europe was the second largest consumer of SBR in 2013, with consumption exceeding 1,000 kilo tons. EU labeling regulations which came into effect from 2012 are expected to augment the demand for S-SBR over the forecast period. Germany, Italy and France are expected to witness increased tire production in the next couple of years in light of the new regulations. The global market is fragmented, with top ten companies accounting for less than 65% of the market in 2013. Major companies have been focusing on integration in order to offset the effect of variable raw material prices. Lanxess, Sinopec and CNPC are some of the company's manufacturing E-SBR and S-SBR. For the purpose of this study, Grand View Research has segmented the global rare earth elements market on the basis of products, application and region: E-SBR and S-SBR Application Outlook (Volume, Kilo tons and Revenue, USD Million, 2012 - 2020) Tire Footwear Polymer Modification Adhesive Others E-SBR and S-SBR Regional Outlook (Volume, Kilo tons and Revenue, USD Million, 2012 - 2020) North America Europe Asia Pacific RoW Request A Sample copy of This Report @http://www.hexareports.com/sample/42791 Table of Content Chapter 1 Executive Summary 1.1 SBR - Industry Summary & Critical Success Factors (CSFs) Chapter 2 SBR Industry Outlook
Hexa Reports Market Research Reports and Insightful Company Profiles 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Market Dynamics 2.4 Key Opportunities Prioritized 2.5 SBR - Company Market Share Analysis 2.5.1 S-SBR Market Share, by Region 2.5.1.1 North America 2.5.1.2 Europe 2.5.1.3 Asia Pacific 2.5.1.4 RoW 2.6 SBR - PESTEL Analysis Chapter 3 SBR, E-SBR and S-SBR Application Outlook 3.1 Tire 3.2 Footwear 3.3 Polymer Modification 3.4 Adhesives 3.5 Others Chapter 4 SBR, E-SBR and S-SBR Regional Outlook 4.1 North America 4.2 Europe 4.3 Asia Pacific 4.4 RoW Chapter 5 SBR Competitive landscape 5.1 Goodyear Tire & Rubber Company 5.2 Michelin 5.3 Lanxess 5.5 Sinopec 5.6 Asahi Kasei Chemicals 5.7 JSR 5.8 Zeon 5.9 Michelin 5.10 Styron- Trinseo Browse Full Report @ http://www.hexareports.com/report/styrene-butadiene-rubber-sbr-market- analysis-and-segment-forecasts-to-2020/details
Hexa Reports Market Research Reports and Insightful Company Profiles About Us: Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Information: Ryan Shaw Felton Office Plaza, 6265 Highway 9, Felton, California, 95018, United States Phone Number 1-800-489-3075 Email Us: sales@hexareports.com Our Website: http://www.hexareports.com/