The global Solution Styrene Butadiene Rubber Market size was USD 3.46 Billion in 2022 and is expected to reach USD 6.47 Billion in 2032, and register a rapid revenue CAGR of 7.2% during the forecast period. Increasing investments in the Tire industry and need for high-performance tires in the automotive sector and rising demand for S-SBR in other end-use industries, such as footwear, adhesives, and polymer modification, are key factors driving market revenue growth.

S-SBR, a Synthetic Rubber polymer, is frequently utilized in the manufacture of high-performance tires. Excellent abrasion resistance, a better aging feature, and crack resistance are some of the SBR's characteristics.

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Major Companies:

• Asahi Kasei Corporation
• Bridgestone Corporation
• China National Petroleum Corporation (CNPC)
• Goodyear Tire and Rubber Company
• JSR Corporation
• Kumho Petrochemical Co., Ltd.
• LANXESS AG
• LG Chem Ltd.
• Sinopec Corporation
• Synthos S.A.

Strategic Development:

• In 2021, Bridgestone Corporation announced its plans to build a new Solution Styrene Butadiene Rubber plant in Thailand. The new plant is expected to help the company meet the growing demand for high-performance tires in the region.
• In 2020, LANXESS AG announced the expansion of its existing production capacity of S-SBR at its site in Jurong Island, Singapore. The expansion is aimed at meeting the growing demand for high-performance tires in the Asia-Pacific region.
• In 2020, JSR Corporation announced the acquisition of VMI Holland B.V., a Dutch tire manufacturing equipment company. The acquisition is aimed at strengthening JSR Corporation's position in the tire industry and enhancing its product portfolio.

 Key questions addressed in the report:

• What is the expected market size of the global Solution Styrene Butadiene Rubber market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global Solution Styrene Butadiene Rubber market?

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Solution Styrene Butadiene Rubber Market Segmentation:

By Application Type Outlook: 

• Tire Manufacturing
• Footwear
• Adhesives
• Polymer Modification
• Others

By End-Use Outlook: 

• Automotive
• Construction
• Footwear
• Packaging
• Others

 Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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