Emulsion Styrene Butadiene Rubber Market to to Exhibit Rapid Surge by 2027

Posted by Akanksha Jain on December 14th, 2020

The global emulsion styrene butadiene rubber market is expected to hit US$ 8.380.3 million by 2027, with a CAGR of 4.0 per cent during the forecast period due to a growing demand for emulsion for styrene butadiene rubber from various end-use industries such as automotive and construction. In addition E-SBR is used in the manufacture of adhesives and sealants used in the building industry. As a result, development in the construction industry is anticipated to augment the demand growth of the emulsion of styrene butadiene rubber over the forecast period. For example, in 2015, Global Construction Perspectives and Oxford Economics jointly reported that the global construction market is expected to rise by US$ 8 trillion by 2030, reaching a total of US$ 17.5 trillion with a CAGR of 3.9% by 2030.

Asia Pacific accounted for the largest market share among regions in 2018 due to the growing applications of E-SBR in the manufacturing and automotive industries. Rising manufacturing activities are expected to fuel demand for E-SBR in the region. For example, according to data from the World Bank, the manufacturing sector in China accounted for 28.96 per cent of the country's GDP in 2016, which increased to 29.41 per cent in 2018.

To More Information about Emulsion Styrene Butadiene Rubber Market Insights & Trends: https://www.globenewswire.com/news-release/2020/05/20/2036493/0/en/Emulsion-Styrene-Butadiene-Rubber-Market-to-reach-US-8-380-3-Mn-globally-by-2027-Coherent-Market-Insights.html