India Styrene-Butadiene Rubber (SBR) Market to Grow with a CAGR of 3.65% through 2029
Growth in research and development activities is
expected to drive the India Styrene-butadiene rubber (SBR) Market growth in the
forecast period, 2025-2029.
According to TechSci Research report, “India
Styrene-butadiene rubber (SBR) Market- By Region,
Competition, Forecast and Opportunities, 2019-2029”, the India
Styrene-butadiene rubber (SBR) Market stood at USD323.68 million in 2023 and is
anticipated to grow with a CAGR of 3.65% in the forecast period, 2024-2029. Initiatives
taken by government based on styrene-butadiene rubber (SBR) has led to
favorable market conditions for the India Styrene-Butadiene Rubber (SBR) Market.
Several factors contribute to the growth of various styrene-butadiene rubber
(SBR) products.
The Indian government has recently extended
antidumping duties on Styrene-Butadiene Rubber (SBR), a synthetic polymer
widely used in various industries. This decision is expected to have a positive
impact on Indian manufacturers, as it provides them with a level playing field
and protects them from unfair competition posed by imported SBR products. By
safeguarding the interests of domestic producers, the government aims to
stimulate growth and innovation in the Indian SBR industry.
In addition to extending antidumping duties, the
Indian government has also introduced comprehensive regulations to govern the
SBR market in the country. These regulations aim to ensure fair trade
practices, promote transparency, and foster a competitive market environment.
By imposing cohesive rules and standards, the government seeks to create a
level playing field for all stakeholders in the SBR industry, including
manufacturers, suppliers, and consumers. This proactive approach is expected to
enhance market stability, protect consumer interests, and drive sustainable
growth in the Indian SBR sector.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "India
Styrene-butadiene rubber (SBR) Market.”
Research and development (R&D) activities have
played a crucial role in driving the growth of the Styrene Butadiene Rubber
(SBR) market in India. Manufacturers have dedicated extensive efforts to
conducting research, resulting in significant improvements in the properties of
SBR. These advancements have made SBR more suitable for a wide range of
applications. Notably, the evolution of technology has led to the emergence of
solution SBR (S-SBR), which boasts superior performance characteristics
compared to emulsion SBR (E-SBR). S-SBR has found extensive utilization in the
adhesives and sealant industry, thereby contributing to the overall expansion
of the SBR market. With its enhanced attributes and versatility, S-SBR
continues to drive innovation and propel the growth of the SBR industry in
India.
The India Styrene-butadiene rubber (SBR) Market is
segmented into type, application, regional distribution, and company.
Based on its type, the emulsion SBR segment held the
largest market share in the forecast period. E-SBR, or Emulsion
Styrene-Butadiene Rubber, is a highly versatile material that finds
applications not only in the automotive industry but also in various other
sectors. Its flexibility and adaptability make it suitable for a wide range of
uses, expanding its market scope and driving its demand. In addition to its
usage in automotive components, E-SBR is extensively employed in the production
of conveyor belts, footwear, adhesives, and a plethora of other rubber goods.
Its ability to provide durability, resilience, and performance in diverse
applications makes it a sought-after material in multiple industries.
Based on region, West India segment is expected to
grow during the forecast period.
The western region of India has emerged as a leader in
technological advancements and industrial growth within the country. This
remarkable progress has not only led to an increase in the production and
consumption of SBR (Styrene Butadiene Rubber), but it has also paved the way
for the adoption of new technologies and innovative processes by industries in
the region. The capacity of these industries to embrace and implement these
advancements has further fueled the demand for SBR, positioning the western region
of India as a key player in the SBR market.
Major companies operating in India Styrene-butadiene
rubber (SBR) Market are:
- ARLANXEO India Pvt. Ltd.
- Asahi Kasei India Private Limited
- Kumho Petrochemical Co., Ltd
- LANXESS India Private Limited
- Sumitomo Chemical LTD India
- Versalis Pacific (India) Private Limited
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“Growing application of styrene-butadiene rubber (SBR)
in various end user industries are key drivers of the styrene-butadiene rubber
(SBR) market. Growth in competitive landscape and presence of well-established
companies in the market who are dedicated to enhance their productivity of styrene-butadiene
rubber (SBR) with every passing year are anticipated to register an impressive
growth to India Styrene-Butadiene Rubber (SBR) Market in the forecast period.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“India Styrene-butadiene rubber (SBR) Market By Type (Emulsion SBR, Solution SBR), By Application (Tyres,
Adhesives, Footwear, Others), By Region, By
Competition Forecast & Opportunities, 2019-2029”, has evaluated
the future growth potential of India Styrene-butadiene rubber (SBR) Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Styrene-butadiene rubber (SBR) Market.
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