Solution Styrene Butadiene Rubber (SSBR) Market

   2019-08-06       149        Business
Rating :
"Global Solution Styrene Butadiene Rubber (S-SBR) Market was valued $2.95 Billion in 2018 and is projected to reach $5.86 Billion by 2025; with a CAGR of 9.3% from 2019 to 2026".

Global Solution Styrene Butadiene Rubber (SSBR) Market Report, published by Accurize Market Research, forecast that the global market is expected to reach $5.86 Billion by 2026, growing at a CAGR of 9.3% from 2019 to 2026. In terms of volume, the market is expected to reach 1,967 Kilo Tons by 2026. Asia-Pacific dominated the global SSBR market accounting for more than 38% of the global market share in 2018, and anticipated to continue its dominance during the forecast period 2019 – 2026.


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Market Introduction and Market Dynamics

 

Solution Styrene-Butadiene Rubber (SSBR) Market will attain a steady growth during the forecast timeframe. A surge in demand from strong application areas such as tires polymer modification, footwear, and adhesives & sealants industries will drive the market. As per the study, the global tire market is projected to surpass 6 billion units by 2024. The high growth in the tire market will definitely fuel the demand for solution styrene-butadiene rubber. Further, the growing disposable income of consumers in developing countries such as China and India has to lead to development in the automobile industry supporting market growth. However, various environmental concerns are acting as a restraint for the market. The increasing demand from the footwear industry in the emerging economies and the growing application would provide several growth opportunities in forecasted years.

 

Market Segmentation and Crisp Analysis

 

The global Solution Styrene Butadiene Rubber (SSBR) Market has been segmented into application and geography. By application type, the market is categorized into a tire, footwear, polymer modification, adhesives & sealants, and others. By application, the tire segment accounted for more than 76% of the global solution styrene butadiene rubber market share in 2018. The footwear industry generated the second-highest market re



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