Global Styrene-butadiene Rubber (SBR) market is expected to show a lucrative growth rate during the forecast period. SBR hold the largest application in the synthetic rubber market as it has wide application in various industry verticals, especially in tire manufacturing in the automotive segment. However, the unstable crude price at the international market is one of the major restraints to the market. The downfall of the automotive market in 2019 is slowing the demand for tires from OEMs (Original Equipment Manufacturers). The global SBR market is studied on the basis of end-user. By end-user, the market is further divided into tires & other automobile components, industrial application, footwear, household, and others. Tires and other automobile components will hold the major market share during the forecast period.
Geographically, the market is segmented into North America, Europe, Asia-Pacific and the Rest of the World. During the forecast period, Asia-Pacific is expected to hold the major market share with a significant growth rate. The major factor for the significant market in the region includes the high demand for SBR due to the automotive market in countries such as China, Japan, India, and South Korea. Moreover, the region is a hub for consumer electronics manufacturing which is also expected to create a significant demand for the market. Europe is expected to hold the second-largest market share owing to the significant production of the vehicle in Germany, UK, Spain France, and Italy. In North America, the US will hold a major market share whereas in the Rest of World countries such as Brazil, South Africa, UAE are expected to hold a significant market share during the forecast period.
The companies which are contributing significantly in the market include Asahi Kasei Corp., Bridgestone Corp., Exxon Mobil Corp., JSR Corp., LG Chem, Ltd., SABIC, Sumitomo Chemical Co., Ltd., The Dow Chemical Co., The Goodyear Tire & Rubber Co., The Michelin Group and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.
Research Methodology
The market study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.
Secondary Sources Include
The report is intended for rubber companies, chemical companies, automotive & auto-ancillary companies, footwear companies, electronics companies, aircraft manufacturing companies, vendors, government organizations, and venture capitalists for the comprehensive market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.3 Opportunities
5. Market Segmentation
5.1. By End-User
5.1.1. Tires & other automobile components
5.1.2. Industrial Application
5.1.3. Footwear
5.1.4. Household
5.1.5. Others (Electronics)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Asahi Kasei Corp.
7.2. Bridgestone Corp.
7.3. Exxon Mobil Corp.
7.4. JSR Corp.
7.5. Kuraray Co., Ltd.
7.6. LG Chem, Ltd.
7.7. Reliance Industries Ltd.
7.8. SABIC
7.9. Sumitomo Chemical Co., Ltd.
7.10. The Dow Chemical Co.
7.11. The Goodyear Tire & Rubber Co.
7.12. The Michelin Group
7.13. TSRC Corp.
7.14. Ube Industries, Ltd.
1. GLOBAL SBR MARKET RESEARCH AND ANALYSIS BY END-USER 2018-2025 ($ MILLION)
2. GLOBAL TIRES & OTHER AUTOMOBILE COMPONENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL INDUSTRIAL APPLICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL FOOTWEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL HOUSEHOLD MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. NORTH AMERICA SBR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
8. NORTH AMERICA SBR MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
9. EUROPE SBR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
10. EUROPE SBR MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
11. ASIA PACIFIC SBR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
12. ASIA PACIFIC SBR MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
13. REST OF THE WORLD SBR MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
1. GLOBAL SBR MARKET SHARE BY END-USER, 2018 VS 2025 (%)
2. GLOBAL SBR MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
3. THE US SBR MARKET SIZE, 2018-2025 ($ MILLION)
4. CANADA SBR MARKET SIZE, 2018-2025 ($ MILLION)
5. THE UK SBR MARKET SIZE, 2018-2025 ($ MILLION)
6. FRANCE SBR MARKET SIZE, 2018-2025 ($ MILLION)
7. GERMANY SBR MARKET SIZE, 2018-2025 ($ MILLION)
8. ITALY SBR MARKET SIZE, 2018-2025 ($ MILLION)
9. SPAIN SBR MARKET SIZE, 2018-2025 ($ MILLION)
10. ROE SBR MARKET SIZE, 2018-2025 ($ MILLION)
11. INDIA SBR MARKET SIZE, 2018-2025 ($ MILLION)
12. CHINA SBR MARKET SIZE, 2018-2025 ($ MILLION)
13. JAPAN SBR MARKET SIZE, 2018-2025 ($ MILLION)
14. REST OF ASIA-PACIFIC SBR MARKET SIZE, 2018-2025 ($ MILLION)
15. REST OF THE WORLD SBR MARKET SIZE, 2018-2025 ($ MILLION)