Global Solution Styrene Butadiene Rubber Tire Market

Global Solution Styrene Butadiene Rubber Tire Market Overview

• The Global Solution Styrene Butadiene Rubber Tire Market Size is Expected to Grow from USD 4.30 Billion in 2023 to USD 11.45 Billion by 2033, Growing at a CAGR of 10.29% during the forecast period 2023 to 2033.
• The market expansion is driven because of its exceptional performance qualities; SSBR (Solution Styrene Butadiene Rubber) is becoming an increasingly important component in tire manufacturing.
• Moreover, it enhances wet grip, lowers rolling resistance, and boosts tire fuel efficiency is widely used.
• Further, its exceptional traction and safety in a variety of road conditions, this rubber composition has proven indispensable to the tire industry.
• The growth of the automobile industry and the evolving regulatory environment, which supports high-performance and environmentally friendly tire options, are closely related to the market's trajectory.

Major vendors in the global solution styrene butadiene rubber tire market 

Michelin, Taiwan Synthetic Rubber Corporation, Goodyear Tire and Rubber Company, Sumitomo Chemicals, Styron (Trinseo), LG Chemicals, Dynasol Elastomers, Asahi Kasei, Sinopec, Lanxess, Versalis (Polimeri Europa), Bridgestone Corporation, Sibur Holding JSC, Trinseo S.A., and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the solution styrene butadiene rubber market based on the below-mentioned segments:

Global Solution Styrene Butadiene Rubber Tire Market, By Vehicle Type

• Passenger Car
• Commercial Vehicle

Global Solution Styrene Butadiene Rubber Tire Market, By Distribution Channel

• OEM
• Aftermarket

Global Solution Styrene Butadiene Rubber Tire Market, By Material

• Less than 15
• 15 to 20
• More than 20

Global Solution Styrene Butadiene Rubber Tire Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa