Dublin, Oct. 24, 2023 (GLOBE NEWSWIRE) -- In the wake of surging synthetic rubber prices in China, underscored by a recent news report of a chemical factory in Shandong Province operating at full capacity due to immense demand, the addition of the new research report on the "USA Styrene Butadiene Rubber (SBR) Market Analysis: 2015-2032" to ResearchAndMarkets.com's offering, comes at a crucial juncture. This extensive report illuminates the dynamics of the USA SBR market and offers valuable insights for business entrepreneurs and managers looking to navigate the shifting terrain of global synthetic rubber demand.
The USA SBR market, a key player in the global synthetic rubber industry, witnessed substantial growth from 2015-2020 and achieved a remarkable figure of approximately 900 thousand tonnes by 2021. Projections indicate a robust CAGR of 5.14% continuing through 2032, potentially reaching 1500 thousand tonnes. As natural rubber undergoes hardening over time, SBR has become the preferred choice for many industries due to its unique softening attributes.
Key Features of SBR:
Styrene Butadiene Rubber is a synthetic rubber known for its excellent mechanical properties, including heat resistance, high tensile strength, and tear resistance. Unlike natural rubber, SBR softens over time due to increased polymer chain interlinking brought on by oxidation, making it especially suitable for tyre manufacturing.
Versatility of SBR:
SBR’s versatility is evident from its myriad applications, ranging from tyres, conveyor belts, foam articles, to shoe soles and even chewy candy. This rubber variant offers superior resistance to cracks, heat, and wear, making it a primary choice for tyres, footwear soles, and other abrasion-resistant applications.
Regional Demand:
The Southeast region of the USA currently dominates the SBR market, accounting for almost 30% of the national demand in 2021. Key industries fuelling this demand include automotive, polymer, shoe soles, and adhesives. Notably, Texas emerges as a front-runner, boasting roughly 60% of the USA’s total SBR production capacity.
Market Segmentation:
The Styrene Butadiene Rubberreport delves into various market segmentations, including types of SBR, where Emulsion Styrene Butadiene Rubber emerges as the market leader. The primary end-use industries have also been segmented, with the tyre industry reigning supreme, accounting for nearly 80% of the demand in 2021. This dominance is forecasted to persist, spurred by the growing demand for high-quality tyres in electric, hybrid, and conventional vehicles.
Relevance in the Global Context:
Given the intense demand for synthetic rubber in China and its associated price hike, as witnessed in Shandong Province, the USA SBR market report becomes an invaluable resource. It offers a comprehensive overview, allowing businesses to make informed decisions and strategise efficiently in the midst of evolving market dynamics.
The “USA Styrene Butadiene Rubber (SBR) Market Analysis” is an indispensable guide for entrepreneurs and managers. In a world where the demand and supply of synthetic rubber are in constant flux, being equipped with the latest data and trends is paramount. As major players like Goodyear Tire and Rubber, LANXESS AG, and Bridgestone Corporation continue to shape the market, this report ensures businesses remain at the forefront of the industry.
For more information or to purchase the report, please visit https://www.researchandmarkets.com/r/hp33st
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