Styrene Butadiene Rubber Market
diversified into various regions such as Europe , North America , Asia Pacific , and Rest of the World .
Styrene Butadiene Rubber : Growth Factors
Tire is the leading industry in the usage of styrene butadiene rubber . Recently , the countries have imposed the labeling regulations on the tire manufacturers , that is , the tires need to be labeled for effective fuel consumption , wet grip and resistance to rolling . The footwear industry is also growing rapidly which in turn is driving the styrene butadiene market . The styrene butadiene rubber provides better performance and abrasion resistance , thus contributing to the styrene butadiene rubber market to grow rapidly . The other segments that contribute to the market growth are adhesive , polymer modification , and insulation .
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Styrene Butadiene Rubber : Regional Analysis
The styrene butadiene rubber market is led by the Asia Pacific region . The main factor that has made the styrene butadiene market grow is the tire industry . China is the leading country in the tire manufacturing industry . Owing to the reason that the region has low labor and operating cost , the tire manufactures have shifted their facilities to the Asia Pacific region . The increased middle class population and economic development in China and India have made a significant growth in the automobile industry which in turn increased the market growth of styrene butadiene rubber . Countries such as Malaysia , Indonesia , and Thailand have also grown