The global styrene butadiene molded rubber market will witness a moderate growth at 4.3% CAGR during the forecast period, 2017-2026
Increasing sales of automobiles has spurred the use of synthetic rubbers such as styrene butadiene molded rubber. With technological advancements, the applications of styrene butadiene rubber have stepped beyond the conventional automotive applications, and are finding new avenues in different industrial verticals. However, stringent laws of environmental protection agencies continue to curb the large scale manufacturing of styrene butadiene rubber.
According to Future Market Insights’ exclusive study, the global styrene butadiene rubber market will witness a moderate growth at 4.3% CAGR during the forecast period, 2017-2026. The study estimates that by the end of 2026, over US$ 8.2 Bn worth of styrene butadiene rubber products will be sold across the globe.
Demand for Styrene Butadiene Rubber Solutions to Register High Traction
Key products made of styrene butadiene rubber can be categorized into emulsions and solutions. Based on their exceptional properties, styrene butadiene rubber emulsions have been widely used in production of footwear, automotive tyres, and polymer modification processes.
Regardless, the competency of styrene butadiene rubber solutions in industrial applications surpasses that of styrene butadiene rubber emulsions. In 2017, styrene butadiene rubber solutions sold across the globe are anticipated to account for more than two-third share of global market value estimated in the study.
By the end of 2026, over US$ 5.7 Bn worth of styrene butadiene rubber solutions are expected to be sold in the global market. The demand for styrene butadiene rubber is also anticipated to remain high in the automotive industry for its predominant application in the production and affixation of tyres.
Over the forecast period, the automotive tyre applications of styrene butadiene rubber are expected to register revenue growth at 4.5% CAGR. The report further reveals that sales of styrene butadiene rubber in footwear applications will net a little over US$ 115 Mn in global revenues by the end of 2026.
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