Asia Pacific Styrene-butadiene Rubber (SBR) Market Trends, Size, Forecast - 2019-2025
Asia Pacific Styrene-butadiene Rubber (SBR) market is expected to show a considerable market growth rate during the forecast period. SBR hold the largest application in the synthetic rubber market as it has wide application in various industry verticals, especially in tire manufacturing in the automotive segment. Asia-Pacific is the largest manufacturer of automotive and manufacturer around half of the global vehicle in the region. Most of the major automotive companies have their manufacturing unit in the region which caters to the domestic as well as international demands. However, unstable crude price and vehicle sales & production downfall in 2019 in the region are the major restraints for the market.
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The Asia Pacific SBR market is divided on the basis of end-user. By end-user, the market is further segmented into tires & other automobile components, industrial application, footwear, household, and others. Tiers and other automobile components are expected to hold a considerable market share during the forecast period in the region.
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Asia Pacific Styrene-butadiene Rubber (SBR) Market Segmentation
By End-User
Tires & other automobile components
Industrial Application
Footwear
Household
Others (Electronics)
Regional Analysis
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Company Profiles
Asahi Kasei Corp.
Bridgestone Corp.
Exxon Mobil Corp.
JSR Corp.
Kuraray Co., Ltd.
LG Chem, Ltd.
Reliance Industries Ltd.
SABIC
Sumitomo Chemical Co., Ltd.
The Dow Chemical Co.
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