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.
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.
Geographically, the market is studied into China, Japan, India and the Rest of Asia Pacific. China is expected to hold the largest market share during the forecast period. The country is the largest manufacturer of automobiles all across the globe. Moreover, the country is also a leader in consumer electronics products including smartphones, televisions, ACs and so on, which caters to significant demand for SBR in the region. Japan is the third-largest vehicle manufacturer after China and the US, which caters to significant demand for tiers. India, South Korea, Vietnam, and other South Asian countries are also expected to create a considerable market for SBR during the forecast period.
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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)
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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.
- The Goodyear Tire & Rubber Co.
- The Michelin Group
- TSRC Corp.
- Ube Industries, Ltd.
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