US SBR market is expected to have a significant CAGR during the forecast period. The country is one of the major consumers of SBR and products manufactured by it, which is a major factor for augmenting the market. Major application of SBR includes vehicle component manufacturing, tiers manufacturing, footwear and so on. A significant application of SBR can be found in other applications also; including medical gloves, airplane components and tiers and so on. In the US, the automotive sector is creating most of the demand for SBR, due to the application of SBR in tiers. As per the International Organization of Motor Vehicle Manufacturers, the country has produced about 11.3 million vehicles in 2018, out of which around 75% are commercial vehicle and 25% are passenger cars. It creates a significant market in the country as the average number of tiers in commercial vehicles is more as compared to a passenger car. Some of the restraint to the market include downfall in the vehicle sales in the country and fluctuating prices of rubber at the international market.
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The US SBR market is segmented on the basis of type and end-user. By type, the market is further segmented into Emulsion SBR and Solution SBR. Solution SBR is expected to have a significant market growth during the forecast period. By end-user, the market is segmented into automobile components, industrial application, footwear, household, and others. The automobile component will the major market share during the forecast period.
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The companies which are contributing significantly in the market include Asahi Kasei Corp., Bridgestone Corp., Exxon Mobil Corp., JSR Corp., LG Chem, Ltd., SABIC, The Dow Chemical Co., The Goodyear Tire & Rubber Co., The Michelin Group, Ube Industries, Ltd. and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.
US Styrene Butadiene Rubber (SBR) Market – Segmentation
- Solution SBR
- Emulsion SBR
- Automobile components
- Industrial Application
- Others (Electronics)
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- ARLANXEO Holding B.V.
- Asahi Kasei Corp.
- Bridgestone Corp.
- JSR Corp.
- Kuraray Co., Ltd.
- LG Chem, Ltd.
- The Dow Chemical Co.
- The Goodyear Tire & Rubber Co.
- The Michelin Group
- Tosoh Corp.
- Ube Industries, Ltd.
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