PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608734
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608734
The global emulsion styrene butadiene rubber market is estimated to be valued at USD 6.82 Bn in 2024. It is expected to reach USD 9.34 Bn by 2031, exhibiting a CAGR of 4.6% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | 6.82 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 4.60% | 2031 Value Projection: | 9.34 Bn |
Emulsion styrene butadiene rubber (ESBR) is a synthetic rubber produced by emulsion polymerization of styrene and butadiene. It is extensively used in the manufacture of tires owing to its excellent abrasion resistance and high strength. ESBR finds wide application in automobile tires due to its balanced performance in wet and dry traction.
The key drivers contributing to the market growth include growing automobile production globally, rise in demand for fuel-efficient and high-performance tires, and shifting focus towards reducing rolling resistance without comprising abrasion resistance. However, volatility in raw material prices may hamper the market expansion. Market players such as ExxonMobil are focusing on developing innovative emulsion technologies to enhance processability and performance properties of ESBR. This presents lucrative opportunities for manufacturers to gain competitive edge. Asia Pacific especially China and India offer tremendous growth prospects for emulsion styrene butadiene rubber manufacturers due to a rapidly developing automotive industry in these countries. The global emulsion styrene butadiene rubber market is driven by the growing automobile production around the world. Asia Pacific currently dominates the global market due to a large presence of automobile manufacturers in China and India. Increase in vehicle fleet size and rising demand for high-performance tires are expected to propel emulsion styrene butadiene rubber market during the forecast period.
This report provides in-depth analysis of the global emulsion styrene butadiene rubber market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global emulsion styrene butadiene rubber market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Asahi Kasei Corporation, Arlanxeo, Lanxess, Versalis SpA, LG Chem, Sri Trang Agro-Industry Public Company Ltd, Hua Rubber Public Company Ltd, Halcyon Agri, Southland Rubber Co., Ltd, Sinochem Group Co. Ltd., Num Rubber & Latex Co., Ltd, Yunnan State Farms Group Co., Ltd, Von Bundit Co., Ltd, Apcotex Industries Ltd., and Firestone Natural Rubber Company
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global emulsion styrene butadiene rubber market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global emulsion styrene butadiene rubber market