ACCESS Newswire
23 Sep 2020, 20:13 GMT+10
There has been a noticeable expansion in the use of silica for s-sbr due to significant reduction in emission and improvement in fuel-efficiency.
DUBAI, UAE / ACCESSWIRE / September 23, 2020 / Future Market Insights: Silica for s sbr market is expected to expand its current value through the forecast period. According to FMI report, the market is likely to register a CAGR of 7.2% through 2028. This market is gaining popularity due to the wide use as fillers in industrial sectors and also due to the introduction of safety regulations and environment protection acts of conserving natural resources.
'Surging demand in tire reinforcement applications is acting as a key catalyst in the market by covering almost 75% of the revenue share globally. Rising demand in construction and automotive industry is also driving the market in a better pace by following safety norms and abiding by climate change petitions,' states the FMI Analyst.
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Silica for S-SBR Market - Important Takeaways
Silica for S-SBR Market - Driving Factors
Silica for S-SBR Market - Key Restraints
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Expected Impact on Market by Coronavirus Outbreak
This market might have faced considerable loss due to reduced production on account of strict lockdown rules but developed countries require much of these as it is a necessity in major sectors. Supply and demand for silica is high in industrial and construction industry and need is already rising therefore, bringing it on a reviving path as it falls under the necessity banner.
Competitive Landscape
Major players in the market Trinseo, Lanxess Aktiengesellschaft, LG Chem, Dynasol Group,Taiwan Synthetic Rubbers Corporation, JSR Corporation, Sibur International GmbH, Sumitomo Chemicals Co. Ltd. amongst others.
All of the leading players are working on building collaborations with major manufacturers to magnify their production capacity and also improving product portfolios by producing higher fuel efficiency products with lesser carbon emission in the industrial sector.
Major participants rely on investing into growth strategies and products with rolling resistance, wet grip and wear resistance.
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More on the report
FMI's analysis presents segmentation on the basis of type (treated, untreated), application (footwear sole, tire reinforcing material, polymer modification etc.), end-use (automotive, industrial, construction) and region (North America, Europe, Asia, and Japan)
Explore Wide-ranging Coverage of FMI's Chemicals and Materials Landscape
Chromatography Silica Resins Market FMI's analysis gives an insight into key market trends, strategies, regional players and various segments on the basis of form, type, application and region.
Sodium Aluminum Silicate Market Find insights into global market scenario and segmentation on the basis of ingredients, application, source, end-use and region and a proper competitive landscape.
Super Absorbent Polymer Market FMI's report highlights parent market trends and strategies in the market with segments and dynamics through the forecast period.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
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Report: https://www.futuremarketinsights.com/reports/silica-for-s-sbr-market
Press Release Source: https://www.futuremarketinsights.com/press-release/silica-for-s-sbr-market
SOURCE: Future Market Insights
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