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.
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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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