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Showing posts with the label Solution Styrene Butadiene Rubber Industry

Solution Styrene Butadiene Rubber Market Segments and Key Trends Analysis 2025

Increasing demand in tire manufacturing industry owing to the low rolling resistance and high wet grip offered by the product is expected to augment market growth. The Global Solution Styrene Butadiene Rubber (S-SBR) Market is expected to reach USD 5.40 billion by 2025, according to a new report by Grand View Research, Inc.   The growth in the solution styrene butadiene rubber (S-SBR) market is primarily driven by the increasing demand from the tire manufacturing industry on account of the low rolling resistance and high fuel efficiency offered by the product. Rising demand for vehicles in the developing economies has been a major contributing factor for the S-SBR industry growth. Aftermarket tire sales have also been a major factor for S-SBR market growth. Increasing consumer awareness regarding the benefits of high-performance tires is likely to boost demand over the forecast period. In addition, tire labeling regulations in the countries including Japan, Korea and the...