An Incisive, In-depth Analysis on the Silica For S Sbr Market
This study offers a comprehensive, 360 degree analysis on the Silica For S Sbr market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Silica For S Sbr market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Scope of the Silica for S-SBR Market Study
Precipitated silica is a form of synthetic amorphous silicon dioxide, derived from quartz sand (crystalline form of silicon dioxide). The injection of silica in the nano-pores of S-SBR causes interpenetration and maximum space/pore filling. This results in tight polymer-filler (silica) interlocking, leading to lower hysteresis and thus, rolling resistance. Silica for S-SBR is used in modern passenger car tires’ threads as reinforcing filler. Silica is also widely used as a performance enhancing filler for tires, industrial goods and as a non-black reinforcing agent for footwear soles, especially athletic shoes. Sales revenue of Silica for S-SBR is expected to register a CAGR of 7.2% over the forecast period (2018-2028).
Factors Influencing the Global Silica for S-SBR Market Growth
Regulations Driving the Global Silica for S-SBR Market
Silica for S-SBR is used as a reinforcing filler and as an efficient replacement to conventionally used carbon black. Growing regulations covering tire labelling will drive the demand for high-performance silica reinforced S-SBR tires. Over the past decade, synthetic rubber and fillers for automotive tires have changed significantly. Many regions, owing to rising environmental concerns, have formed regulations, making tire labeling mandatory. For instance, since 2012, the EU has made it compulsory to label tires from A-E, based on three parameters, i.e. wet grip, noise and rolling resistance. Japan, South Korea and China have also passed regulations for tire labelling, which has created upsurge in demand for Silica for S-SBR. Regulatory bodies are also giving incentives to manufacturers and consumers with preference for performance tires which use Silica for S-SBR. The use of high performance tires leads to a minimal increase in production cost. However, these tires offer higher fuel efficiency, which consumers preferring over the long run. This is an important factor driving the growth of the Silica for S-SBR market.
Significant Reduction in Emission and Improvement in Fuel Efficiency Through the Use of Silica for S-SBR
Globally, growing concerns about the importance of conserving natural resources and environmental protection coupled with increasing number of safety regulations for automobiles are leading to growth in demand for Silica for S-SBR made high-performance tires or low rolling resistance tires. Silica also provides substantial benefits in winter tires and all-season tires. Compounds using silica are more elastic and flexible at lower temperatures and therefore, allow better grip and braking during winters. The magic triangle, i.e. rolling resistance, wet grip and wear resistance, can be improved significantly with the use of Silica for S-SBR. This material is finding significant usage in winter tires.
Over the past years, with the advent of green technology, silica has been widely used as a reinforcing filler tire material, effectively replacing carbon black. Tire makers have switched to Silica for S-SBR made tires to cut down the rolling resistance by 20% and increase fuel efficiency by 5%. Road transport contributes ~20% to CO2 emissions in the EU and other developed countries. Thus, reducing emission has been critical to reducing green-house effect and the resulting climate change. The use of silica technology as a reinforcing filler reduces CO2 emission by ~7%. These factors have greatly influenced the global Silica for S-SBR market.
Moreover, a noteworthy share in the global Silica for S-SBR market is also projected to come from the footwear sole reinforcement segment and this segment is also anticipated to remain a lucrative segment in the global Silica for S-SBR market throughout the forecast period.
Silica for S-SBR Market Analysis, by Application
In terms of application, the global Silica for S-SBR market is anticipated to be dominated by the tire reinforcement application, which accounts for ~75% share in the global Silica for S-SBR market. The Footwear sole reinforcement segment is also projected to witness significant rise in demand in the global Silica for S-SBR market.
Silica for S-SBR Market Analysis, by End Use
Among end use industries, the automotive industry is expected to witness rise in demand for Silica for S-SBR market. The Construction industry is also expected to witness rise in demand owing to the use of Silica for S-SBR as a reinforcing material for pavements and other applications.
Silica for S-SBR Market Analysis, by Region
From a regional perspective, a significant share of global silica for S-SBR market demand is projected to be held North America and European regions. Tire labelling regulations and governments’ efforts to cut down CO2 emissions have led to further rise in demand for Silica for S-SBR market. Silica reinforced S-SBR market is anticipated to witness rise in demand from winter tires in the country.
China represents a noteworthy share in the global silica for S-SBR market demand. The country holds ~40% share in the global tire production. Japan and South Korea are also expected to witness rise in demand for Silica for S-SBR tires as compared to conventional carbon black reinforced tires. Increasing investments in the automotive sector in Latin America and Middle East and Africa are anticipated to create significant growth opportunities for silica for Silica for S-SBR market.
Key Players Dominating the Global Silica for S-SBR Market
Some of the key players whose profile has been covered in the global silica for Silica for S-SBR market study are Trinseo, Lanxess Aktiengesellschaft, LG Chem, Dynasol Group,Taiwan Synthetic Rubbers Corporation, JSR Corporation, Sibur International GmbH, Sumitomo Chemicals Co. Ltd. amongst others.
Silica Manufacturers in the Global Silica for S-SBR Market
Solvay S.A. Evonik Industries AG, PPG Industries Inc., Oriental Silicas Corporation amongst others.
Future Market Insights (FMI) explores and evaluates the global Silica for S-SBR market in a new publication titled “Silica for S-SBR Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018–2028”. The Silica for S-SBR study offers ten-year analysis and forecast for silica for S-SBR market for the period 2018-2028. Alongside providing the current market scenario and forecast, the Silica for S-SBR report also covers the historical market trends for the period 2013-2017. The Silica for S-SBR study covers data for 2017 as the base year, with market estimated for 2018 and forecast made for the year 2018-2028.
The report on Silica for S-SBR market covers various perspectives of the market, including value chain analysis, market dynamics, region-wise pricing analysis, market competition benchmarking, regional and segmental growth analysis and comparison, various macro-economic factors impacting the market growth and regional dynamics along with segmental projections in a detailed manner. According to FMI analysis based on secondary research and key opinions of the industry participants, the global Silica for S-SBR market is projected to grow at a CAGR of 7.2% over the forecast period. Significant growth in demand for S-SBR based high performance tires which use silica as reinforcing material instead of carbon black is being witnessed. The use of silica as a reinforcing agent instead of carbon black has improved rolling resistance, wet grip and wear and abrasion resistance.
The FMI report on Silica for S-SBR market provides in-depth analysis of the market both at the global and regional level by segmenting the market on the basis of key parameters, such as type, application and end-use industry. The silica for S-SBR report also covers an overview of the synthetic rubber market and the market demand for solution-styrene butadiene rubber (S-SBR). The primary aim of the silica for S-SBR market report is to offer key insights on market updates, competition positioning, current trends, market potential, growth rates and other relevant information and statistics in a suitable manner to the readers or various stakeholders in the Silica for S-SBR market.
The primary aim of the Silica for S-SBR study is to identify and analyze dynamics in the Silica for S-SBR market and provide recent and ongoing updates and insights affecting various segments of the global Silica for S-SBR market. To deliver and provide a better understanding of the Silica for S-SBR market, the report also includes the analysis of drivers, restraints and trends in all nine regions, namely North America, Latin America, Eastern Europe, Western Europe, China, Japan and South Korea, SEA and Other Pacific and Middle East & Africa, which influence the current market scenario and are capable of affecting the future status of the global Silica for S-SBR market during the forecast period.
End Use Industry
To understand and assess market opportunities and trends, the global silica for S-SBR market report is categorically split into different sections based on market segmentation – by type, application, end-use industry and region. The Silica for S-SBR report starts with the market overview and provides market definition and taxonomy along with value chain, pricing analysis, drivers, restraints and trends in the market. The Silica for S-SBR report also provides a brief overview of the global S-SBR and other synthetic rubber demand. The section also include a comparison of the typical tire composition with conventionally used carbon black reinforcing filler and other factors, such as labelling regulations, amongst others, driving the market demand. The sections that follow include global Silica for S-SBR market analysis – by type, application, end-use industry and regional/country level analysis. All the above sections evaluate the Silica for S-SBR market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global Silica for S-SBR market. To give a brief idea about revenue opportunities from the Silica for S-SBR market, by type, application, end use industry and region/country-wise segments, the Silica for S-SBR report also provides volume (tons) data, absolute $ opportunity and total incremental opportunity for each segment over the forecast period (2018-2028).
In the final section of the Silica for S-SBR report, we have provided the global Silica for S-SBR market structure and a detailed competition landscape with company market share analysis and performance, to provide report audiences with a dashboard view of key players operating in the global Silica for S-SBR market along with their business strategies, including product strategy, marketing and sales strategy and go-to market strategy. This would enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.
To deduce the Silica for S-SBRmarket size, the report considers the weighted average price of silica for Silica across key geographies on a regional basis. The forecast assesses the total revenue (US$ Mn) as well as volume (tons) of the global silica for S-SBR market. To deduce Silica for S-SBRmarket volume size, consumption of Silica for various applications, including synthetic rubber, has been considered. In order to provide an accurate forecast, we started by sizing up the current Silica for S-SBRmarket, which forms the basis of how the global Silica for S-SBR market is expected to develop in the future. The critical market data, including the base number and segment splits, was devised through in-depth secondary research. This data was then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics in the various regional markets, along with primary interviews of manufacturers and industry experts operating in the global Silica for S-SBR market. The forecast presented in the Silica for S-SBRreport evaluates the actual consumption of silica for S-SBR and the expected consumption in the global silica for S-SBR market over the forecast period.
We have also analyzed the different segments of the global Silica for S-SBR market in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global Silica for S-SBR market.
FMI has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global Silica for S-SBR market. This market attractiveness index would help clients to identify real market opportunities in the global Silica for S-SBR market.
Current Scenario forSilica for S-SBR Market
The primary and the secondary research played a crucial part in assessing the evolving Silica for S-SBRmarket behavior during the forecast period. Significant share of the Silica for S-SBRmarket demand is estimated to come from the automotive industry, whereas other applications, such as footwear sole reinforcement and polymer modification, are anticipated to witness sound growth during the forecast period.
Challenges Faced by the Global Silica for S-SBR Market
Market expansion of the global Silica for S-SBR market is somewhat restrained by the additional cost of production and use of alternatives, such as carbon black, in majority of applications. There has also been an increase in the use of Nd-BR as an effective alternative to S-SBR, which is a major challenge for the Silica for S-SBR market.