Global Styrene Butadiene Rubber Markets, 2015-2019 & 2020-2030 - Investing in AI & Big Data Analytics to Enhance Decision Making Abilities Drives Profits
DUBLIN, March 16, 2020 /PRNewswire/ -- he "Styrene Butadiene Rubber Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.
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This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider styrene butadiene rubber market, and compares it with other markets.
The global styrene butadiene rubber market was worth $13.1 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 11% and reach $19.41 billion by 2023.
The styrene butadiene rubber market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. In 2019, Asia-Pacific accounts for around 68% of the market.
The styrene butadiene rubber market covered in this report is segmented by type into emulsion type and solution type. It is also segmented by application into automotive tire, footwear, polymer modification, adhesives, others.
Increased use of Styrene butadiene rubber in tire manufacturing contributed to the growth of the SBR market. Styrene butadiene rubber is one of the key elements in tire manufacturing. SBR is a combination of styrene and butadiene monomers, together they possess natural rubber like characteristics. Along with that, they have unique characteristics such as abrasion resistance, perfect impact strength, good resilience, high tensile strength, that are permitting it suitable for high-end tire manufacturing. Growing sales of automobiles in recent years has led to increased use of SBR by the automobile industry. In 2018, annual sales of new cars and light trucks reached 17.3 million, in the US with a rise of 0.6% from the previous year. This has led to an increased demand for SBR from the end-use industry.
Safety hazards have always been a major challenge in the styrene butadiene rubber industry. Due to its potential hazards butadiene is not sold to customers directly, but it is used in the manufacture of polymers and elastomers. Butadiene is highly volatile and low-water soluble in nature. Long term exposure to butadiene is detrimental to human health. Exposure to high concentrations can result in damage to the central nervous system, blurred vision, nausea, headache, fatigue, decreased blood pressure and coma. According to the International Agency for Research on Cancer 1,3-Butadiene has been listed as a possible carcinogen.
Major companies in the styrene butadiene rubber industry are increasingly investing in artificial intelligence (AI) to enhance decisions making abilities and thus drive profits. The companies in this industry gather huge amounts of raw data relating to the working of plant and other infrastructure through a large number of sensors placed across the production site. Using big data analytics the companies can detect sensible patterns which can allow them to quickly react to unwanted changes or potential defects, thus saving costs. AI allows the companies to take better operational decisions. Companies such as Zhongce Rubber Group and Yokohama Rubber have been increasingly investing in AI technology to have a centralized method of data management and support data integration across multiple applications.
In January 2019, Saudi Aramco, a Saudi Arabia-based energy and chemical company acquired Arlanxeo from LANXESS AG for $1.67 billion. The acquisition is expected to help Saudi Aramco in improving the fuel efficiency related with tire performance. Arlanxeo is a Netherlands-based synthetic rubber company that specializes in manufacturing synthetic rubbers and elastomer plastics such as polybutadiene/butadiene rubber (BR) that are supplied to tire manufacturers and automotive parts globally.
Major players in the market are Asahi Kasei, Lanxess, Bridgestone, Michelin, China Petroleum & Chemical, JSR, The Goodyear Tire & Rubber, Sinopec, Eastman, and SIBUR.
Key Topics Covered
1. Executive Summary
2. Styrene Butadiene Rubber Market Characteristics
3. Styrene Butadiene Rubber Market Size And Growth
3.1. Global Styrene Butadiene Rubber Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Styrene Butadiene Rubber Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Styrene Butadiene Rubber Market Segmentation
4.1. Global Styrene Butadiene Rubber Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
-- Emulsion Type
-- Solution Type
4.2. Global Styrene Butadiene Rubber Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
-- Automotive Tire
-- Footwear
-- Polymer Modification
-- Adhesives
-- Others
5. Styrene Butadiene Rubber Market Regional And Country Analysis
5.1. Global Styrene Butadiene Rubber Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Styrene Butadiene Rubber Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Companies Mentioned
-- Asahi Kasei
-- Bridgestone
-- Bridgestone Corporation
-- China national Petroleum Corporation (CNPC)
-- China Petroleum & Chemical
-- Dynasol Elastomer
-- Eastman
-- JSR
-- Kumho Petrochemical
-- Lanxess
-- LCY Chemicals
-- LG Chemicals
-- Lion Elastomers
-- Michelin
-- Reliance Industries Limited
-- Shenhua Chemical
-- SIBUR
-- Sinopec
-- Sumitomo Chemicals
-- Synthos
-- The Goodyear Tire & Rubber
-- Tianjin Lugang Petroleum Rubber Co.
-- Trinseo
-- TSRC Corporation
-- Versalis
-- Zeon
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