The global solution styrene butadiene rubber market is expected to be valued at over $8 billion by 2024, growing at an estimated CAGR of 10.9% from 2017 to 2024. Increasing usage in footwear, adhesives & sealants, tires, polymer modification is anticipated to drive market growth over the forecast period.
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Key findings from the study: -
• Rapid growth of automotive segment is increasing the demand for tire and tire manufacturing sector is seeing a positive growth.
• The major companies in this market are The Dow Chemical Co., Lanxess AG, Synthos S.A., Goodyear Tire & Rubber Co., Ashland Inc., Nova Chemicals, Trinseo S.A., Versalis S.p.A., Formosa Chemicals & Fibre Corporation and Kumho Petrochemical Co. Ltd.
• Growth of tire industry will drive the growth throughout the forecast period, due to advantages of S-SBR over others.
Ameri Research has segmented the Solution Styrene Butadiene Rubber Market by material categories, product type, end-use and region:
Market Segmentation
This report provides comprehensive analysis of,
• Market growth drivers
• Top players
• Product outlook
• Technology outlook
Regional outlook
• North America
• Europe
• Asia Pacific
Application outlook
• Automobile
• Sealants
• Footwear
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