Solution Styrene Butadiene Rubber Market

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Solution Styrene Butadiene Rubber Market

• Published by Accurize Market Research Pvt. Ltd.

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Solution Styrene Butadiene Rubber (SSBR) Market
is Estimated to Reach 5.86 Billion By 2026, Says
Accurize Market Research

• 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, global tire market is projected
  to surpass 6 billion units by 2024. The high
  growth in tire market will definitely fuel the
  demand for solution styrene butadiene
  rubber. Further, growing disposable income of
  consumers in the developing countries such as
  China and India has lead to development in
  automobile industry supporting the market growth.
• However, various environmental concerns is
  acting as a restraint for the market. The
  increasing demand from footwear industry in the
  emerging economies, and growing application would
  provide several growth opportunities in
  forecasted years.

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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 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 revenue and is expected to attain a
  moderate growth rate during the forecast period
  2019 2026. The market will be majorly driven by
  growing demand for athletic shoes as SSBR is
  widely used in athletic shoes for improved
  performance and grip.
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Regional Segmentation and Crisp Analysis

• By geography, the global solution styrene
  butadiene rubber market is segment into North
  America, Europe, Asia Pacific, and Rest of the
  World (RoW). North America covers the U.S., while
  Europe covers UK, Germany, France, Italy, and
  Rest of Europe. The Asia-Pacific countries
  covered in the report are China, Japan, India,
  and Rest of Asia-Pacific. Rest of the world
  includes Central South America, the Middle
  East, and Africa.
• Asia-Pacific is a dominant market accounting for
  more than 38 of the global market share in 2018.
  The market dominance is attributed to increased
  demand from tire industry. Also, China is the
  largest producer of tires the high demand for
  solution styrene butadiene rubber has supported
  the market growth in the Asia-Pacific. In the
  Europe, Italy is amongst the fastest growing
  country solution styrene butadiene rubber on
  account of the increasing demand for
  high-performance tires from the automotive
  manufacturers.

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Manufacturers Competitive Analysis

• The global solution styrene butadiene rubber
  market is moderately fragmented. The top players
  operating in the market are frequently investing
  on research development and are engaged in
  capacity expansion and new manufacturing facility
  development.
• The major companies operating in the global
  solution styrene butadiene rubber (SSBR) market
  are Goodyear Tire and Rubber Company, SIBUR
  Holding JSC, Taiwan Synthetic Rubber Corporation,
  Bridgestone Corporation, Michelin, Lanxess, JSR
  Corporation, Sumitomo Chemicals, Tianjin Lugang
  Petroleum, and Rubber, LG Chemicals, among
  others.

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Scope of the Report

• The scope of the report covers in-depth analysis
  of the market in terms of both qualitative and
  quantitative analysis across the segments as well
  as cross-sectional analysis of the segments
  including the geographies and its countries.
• Key companies operating in this market and their
  company profile along with the market share
  analysis and competitive scenario is also the
  part of the report.
• Furthermore, different industries clients
  information has been provided in the report which
  is very important for the manufacturers.
  Manufacturers data, including revenue,
  shipment, revenue share, shipment share, and
  gross profit have been also included, which
  provide better understanding of the market
  competition.

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Research Methodology

• Destined by the dedicated team of analysts and
  experts, we are envisioned to provide you our
  best in order to plan your next strategic across
  several industry verticals.
• AMR has developed advanced analyst tools and data
  models to enhance and augment the analysis
  process.
• Corresponding to markets, where there is
  momentous lack of information and estimates,
  AMRs team of experts and analyst practice
  specific analyst tools and industry models to
  translate qualitative and quantitative industry
  indicators into exact industry estimates. These
  models also allow analysts to inspect the
  prospects and opportunities existing in the
  market to achieve specific forecast of the
  market.

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Research Methodology

• The Key Opinion Leaders (KOLs) of the respective
  industry are interviewed and their insights are
  matched with our findings and database we have
  and thus we validate our estimates, forecast and
  provide you the analysis.
• We put together our effort and prepare an
  inclusive questionnaire depending on the title of
  the market we are tracking and extract the
  important information we require to validate our
  findings.
• Also, we have top five global knowledge partners
  such as Bloomberg, SP Global, and Dow Jones,
  among others for ultimate data validation,
  prepared by our research team.

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