NEW YORK, Sept. 19, 2022 (GLOBE NEWSWIRE) — Kenneth Research has published an in-depth market study on the topic for the forecast period 2022-2031 “Global Solution Styrene Butadiene Rubber (S-SBR) Market.“ which includes the following elements:
- Market growth over the forecast period
- Detailed regional summary
- market segmentation
- growth accelerator
- challenges
- Key market players and their detailed profiling
Global Solution Styrene Butadiene Rubber (S-SBR) Market Size:
The global solution styrene butadiene rubber (S-SBR) market is forecast to reach nearly US$5 billion in revenue by 2031, growing at a ~6% CAGR over the forecast period. Due to S-SBR’s scratch resistance, durability and high quality, the market expansion can be attributed to its increasing applications in the sports and footwear industries. For example, almost 600 million pairs of sports shoes are to be produced worldwide by 2025. In addition, solution styrene butadiene rubber (S-SBR) is widely used in the construction sector to modify cement and asphalt. The quality of the end product is improved with the addition of solution styrene butadiene rubber during the polymer modification process, which in turn improves the quality of roads and pavements. As a result, the market is expected to expand significantly during the forecast period. Around 4.9 billion tons of cement were produced worldwide in 2021, an increase from 4 billion tons in 2020. The growing shoe manufacturing and rising cement production promote the market expansion.
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Global Solution Styrene Butadiene Rubber (S-SBR) Market: Key Insights
- The Asia Pacific region acquires a significant portion of sales
- Car Tires segment to influence sales chart
- The passenger car segment retains a sizeable presence in the type segment
Increasing demand for synthetic rubber and growing trade in rubber products to promote market growth
Industry sectors…
