Styrene Butadiene Rubber Market 2020-2024 | Post-Pandemic Industry Planning Structure for New Normal | Technavio
LONDON--(BUSINESS WIRE)--Dec 15, 2020--
The styrene butadiene rubber market is expected to grow by 1,182 thousand tons during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the styrene butadiene rubber market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Styrene Butadiene Rubber Market 2020-2024 (Graphic: Business Wire).
Enterprises will go through the Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19
The styrene butadiene rubber market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to decrease in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Styrene Butadiene Rubber Market Participants:
Asahi Kasei Corp.
Asahi Kasei Corp. operates its business through segments such as Critical Care, Health Care, Construction Materials, Fibers, Homes, Electronics, Chemicals, and Others. The company is involved in the production of S-SBR for fuel-efficient tires. It is also used for the production of HIPS and the reinforcement of ABS. Other applications include advanced silica rubber tires, conveyor belts, vibration dampers, hoses, footwear, and electric cables.
Bridgestone Corp. operates its business through segments such as Tire business and Diversified products business. The company manufactures and markets a wide range of rubber products that are used in a variety of daily-use applications. It produces Duradene S-SBR, used as a replacement for E-SBR. It is primarily used for producing high-performance tire products and other rubber goods.
Exxon Mobil Corp.
Exxon Mobil Corp. operates its business through segments such as Upstream, Downstream, and Chemical. The company manufactures and distributes high-quality synthetic rubber. In August 2017, the company acquired the Lion Copolymers Services facility in Baton Rouge, Louisiana, including the SBR plant.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/styrene-butadiene-rubber-market-industry-analysis
Styrene Butadiene Rubber Market 2020-2024: Segmentation
Styrene butadiene rubber market is segmented as below:
- North America
- South America
The styrene butadiene rubber market is driven by increasing demand from the automotive industry. In addition, other factors such as rising demand from the emerging economies are expected to trigger the styrene butadiene rubber market toward witnessing a CAGR of almost 4% during the forecast period.
Get more insights about the global trends impacting the future of the styrene butadiene rubber market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45835
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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INDUSTRY KEYWORD: OTHER MANUFACTURING AUTOMOTIVE ENGINEERING CHEMICALS/PLASTICS TIRES & RUBBER AUTOMOTIVE MANUFACTURING AEROSPACE MANUFACTURING
SOURCE: Technavio Research
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PUB: 12/15/2020 02:00 PM/DISC: 12/15/2020 02:00 PM