Styrene-Butadiene Rubber market Research Report - Forecast to 2027Posted by Avinash on February 15th, 2018 Styrene Butadiene Rubber Market – Market Overview The Global Footwear Market is growing at a considerable CAGR and projected to retain the dominance in the market due to increasing standard of living and growing urban population around the world. In addition to this, increasing disposable income incentivizing people around the world to add value into their house, such as furnishing the house with an upholstery, which may fuel the demand for Styrene Butadiene Rubber in building & construction industry. The most important application of the product is found in ever increasing tire manufacturing. Around 65% of the overall rubber produced around the world is consumed by tire manufacturing industry. This is expected to propel growth of the market in near future. However, the major bottleneck in the growth trajectory of the Global Styrene Butadiene Rubber Market includes, the fluctuating crude oil prices. Additionally, the developed economies in Europe and North America have put in place stringent regulations limiting the use of toxic synthetic materials. Regionally, Asia Pacific was the most impactful market across the globe, which has acquired highest global shares. This is attributed to the growth of footwear, automotive and construction industry. India, Japan and China are the leading markets in this region on account of an increasing investment in major end uses of Styrene Butadiene Rubber. Styrene Butadiene Rubber Market- Competitive Landscape The Global Styrene Butadiene Rubber Market is highly mature market which epresented huge growth over the last decade and it has expected to show the similar trend in the coming years. The market consist of significant numbers of tier 1 and tier 2 companies along with significant presence of smaller manufacturers. Among them the leading market players operating across the globe are DowDuPont, Lanxess AG, Synthos S.A., Versalis S.p.A, Kumho Petrochemical Co. Ltd., Trinseo S.A. The key trend observed in the global market by industry experts is expansion of production facility and launch of innovative bio-based products. Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1050 Industry/ Innovation/ Related News: August 22, 2017- The U.S. BASED oil and natural gas giant, ExxonMobil has acquired the Lion Copolymers Services facility in Baton Rouge, Louisiana, including the styrene butadiene rubber (SBR) plant. This facility is adjacent to ExxonMobil’s chemical site, which includes a cracker and butadiene (BD) extraction unit. BD is a major feedstock for SBR and other synthetic rubbers. This is going to add into production capacity of the company. October 24, 2016- Trinseo S.A. a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber announced its plans to expand capacity for Solution-Styrene Butadiene Rubber (S-SBR). This increased investment is a response to rising customer demand for this critical technology. The asset upgrade at Trinseo’s world-class synthetic rubber manufacturing complex in Schkopau, Germany, is going to add 50 KT of S-SBR capacity, increasing the company’s global S-SBR production by 33%. November 24, 2017- Lotte Versalis Elastomers, – a 50:50 joint venture established in 2013 with the aim of targeting growth in the Asian elastomers market has officially started production in Yeosu, South Korea. Versalis has announced the same. The newly started production includes EPDM, solution-styrene butadiene rubber and butadiene rubber, though Versalis did not give specific capacity details for these polymers. This is anticipate to boost growth of the regional market in Asia Pacific in coming years. June 5, 2017- Trinseo S.A., a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber signed a definitive agreement to acquire APIApplicazioni Plastiche Industriali S.p.A. Trinseo will then have 15 factories in 15 international locations, with established gross sales and advertising groups in 27 international locations. Trinseo employs practically 2,200 throughout the globe, in response to firm reality sheets. Access Complete Report @ https://www.marketresearchfuture.com/reports/styrene-butadiene-rubber-market-1050 At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. 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