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Styrene Butadiene Rubber Market Outlook, Trends Analysis and Forecast to 2025

Significant increase in the demand for OEM tires from the automobile industry is likely to augment the utilization of SBR over the forecast period. In addition, long vehicle life coupled with a shift in consumer preference toward high-performance tires is likely to have a positive impact on the growth over the next nine years. The Global Styrene Butadiene Rubber (SBR) Market is expected to reach USD 9.9 billion by 2025, according to a new report by Grand View Research, Inc. In the recent times, the demand supply gap for natural rubber (NR) has widened, making the prices of the commodity a matter of concern. In 2016, the growth in supply of natural rubber was 1.1% while the demand grew at a rate of about 6%. This deficit has been exerting a pressure on the supplies and leading to a high volatility in the prices, which in turn has been a major driver for the growth of the SBR industry. To Know More About Styrene Butadiene Rubber Market Please Visit Us @ https://www.grandviewrese