The steep decline in automotive and tire demand has largely affected the growth of the global styrene butadiene rubber (SBR) market. In these challenging market conditions, companies have reduced capital expenditure for 2020. Trinseo SA, one of the major producers of SBR, had a reduction of capital spending from US$100m to US$80-US$85m for 2020. Companies will continue to prioritize investments in their growth areas to remain competitive and place themselves for sustained growth in the long-term, says GlobalData, a leading data and analytics company.…
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